Outlook at PSX, next week
The market sentiment remained predominantly positive this week, bolstered by significant developments on the economic and political front. On the political front, the Election Commission of Pakistan has announced that…
PSX past week and outlook
The outgoing week saw the market awaiting the MPC meeting's decision, wherein expectations ranged from ~0% to 2% hike in the policy rate, and last week's T-Bill auction suggested the…
PKR’s devaluation hit the stock market last week
According to Spectrum Research, the KSE100 index experienced a notable decline of 2,359 points, closing at 45,313 points, primarily attributed to the PKR's devaluation against the USD by 1.5%WoW to…
PSX awaits the upcoming MPC meeting, the next review with the IMF and developments related to energy reforms.
· The KSE100 index faced downward pressure throughout the month of August, witnessing a correction of 3,032 points to conclude at 45,002 points, marking a 6.3%MoM drop. KSE100 daily traded…
System Limited said its active clients have increased to 150 in 1H2023.
Systems Limited (SYS) gross margins clocked in at 27% in 1H2023 vs 32% in 1H2022. The major reasons include (1) inflationary adjustments in salaries, (2) increase in energy prices impacting…
A cash dividend of PKR 4.0/share is expected from KAPCO in 4QFY23.
Kot Addu Power Company Limited (KAPCO) is scheduled to announce its 4QFY23 financial result on Sep 6th 2023. We expect, the company to post a profit after tax of PKR…
Markets expect a cash dividend of PKR 5.50/share from HUBC in 4QFY23.
The Hub Power Company Limited (HUBC) to post a profit after tax of PKR 11.4bn (EPS: PKR 8.80) in 4QFY23 compared to PKR 7.0bn (EPS: PKR 5.41) during 4QFY22. The…
SYS—2QCY23 earnings expected to clock in at PkR11.32/sh
SYS—2QCY23 earnings expected to clock in at PkR11.32/sh: We expect SYS to maintain its high earnings trajectory owing to strong growth within almost all geographies, mainly MEA which has recently…
Increase in petrol and diesel prices by around PKR20/litre hurt the stock market this week.
The KSE100 Index slightly declined by 206pts WoW, closing at 48,218; the market declined as the delay in the formation of a new interim cabinet, a significant depreciation of PKR…
PSX observes volatility today.
According to Arif Habib Ltd Sales, the volatility resumed around the key 48k pivot, leaving the potential for 46-47k support to be tested. It adds that OGDC PA (-3.58%), PPL…
EPCL announced a cash dividend of PKR 1.50/share in 2QCY23
Engro Polymer & Chemicals Limited (EPCL) announced its 2QCY23 financial result today, where the company posted a profit after tax (PAT) of PKR 1,562mn (EPS: PKR 1.72), down by 33%…
PSX market review for the week
The bullish momentum gained further exuberance as bulls managed to cross another barrier to surpass 48,000 with minimal resistance from bears. During the week, the index gained >1,500pts compared to…
PSX: Major support continues to build around 46-47k.
· Heavyweights OGDC PA (+6.28), HBL PA +5.74%), ENGRO PA (+2.42%), and MCB PA (+1.55%) lifted Pakistan higher to now approach the weekly draw on liquidity @ 49k without consolidation.…
PSX performances during July 2023
In Jul'23, PSX demonstrated exceptional performance, characterized by various positive developments. At the onset of the month, the government secured a significant Stand-by Arrangement (SBA) facility of USD 3bn from…
More Saudi money along with the Pakistan Mineral Summit, lifted the KSE-100
· Anticipation of more Saudi money and the Pakistan Mineral Summit lifted the KSE-100 further to cross 48k. · Large caps again led the way, with OGDC PA (+7.5%), PPL…
Pakistan Stock Exchange sees robust momentum this week.
The local bourse opened on a negative note on Monday due to profit-taking witnessed by the investors. Moreover, the country report released by the IMF hinted at keeping the monetary…
FFBL’s bottom line expected to settle at PKR 1.23/share in 2QCY23e
Fauji Fertilizer Bin Qasim Limited (FFBL) is scheduled to announce its financial result for 1HCY23 on 21st Jul'23, where we expect the company to post a loss after tax of…
Tariq Glass commissions a New Spectrum Mirror Coating line.
The research house - AHL Research in Pakistan, believes that the topline of Tariq Glass Industries Limited (TGL) will improve from the first quarter of FY25. The company sells glassware,…
KSE100 experienced a sustainable surge this week.
Spectrum Research has issued a review of PSX this week's performance. It says that KSE100 experienced a sustainable surge, gaining nearly 861pts and closing at 45,068. The upswing was fueled…
China to manufacture drugs in Pakistan.
Arif Habib Ltd has said corrections are healthy and part of bull markets. The Pakistan Stock Exchange saw trading on both sides and ended in the red. The dip came…
Pakistan Strategy – Rejoice, for the IMF is finally here!
· Rejoice, for the IMF is finally here! While Pakistan's staff level agreement (SLA) for the SBA caught everyone off-guard, Board approval for the same had widely been expected. ·…
A piece of advice about PSX.
· Pakistan bucked the regional trend across the Asia-Pacific where markets saw sharp losses after minutes from the U.S. Fed revealed that the central bank was split on its decision to…
The market witnessed profit selling today.
· Market witnessed profit selling after displaying the best performance ever in the last 3 trading sessions, pushing the KSE100 index up by +9.5% Investor choose to realize some gains…
Bulls Triumph the show at PSX Today.
· Bulls Triumph the show at PSX Today, The Benchmark KSE-100 Index opened 5% up by 2,231 Points Halting the session as bourse continued to trade above 5% after the…
The determination of the finance minister on the IMF issue is admirable.
Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, said on Monday that Finance Minister Ishaq Dar prevented the country from becoming bankrupt despite…