The market is likely to continue yesterday's positive momentum, where the KSE-100 Index gained 439 pts (1%) on expectations of unchanged interest rates in near term as guided by State…

· Mounting inflation and expectation of hawkish stance in the monetary tightening caused the market to open on a bleak note. Cherry picking was observed throughout the day as low…

With $2.4 billion of inflows during November 2021, workers' remittances continued their strong streak of remaining above $2 billion since June 2020. In terms of growth, on y/y basis, remittances increased by…

All eyes are on the Monetary Policy meeting due today, where expectations are that the SBP would continue its contractionary stance; we think a rate hike above 100bps would bring…

Pakistan Petroleum Limited has informed Pakistan Stock Excahgne (PSX) about grant of Large Scale Mining Lease Deed by the Government of Balochistan (GoB) in favor of the company. According to…

· Pakistan is set to return to double digit interest rates after just 9 months, with Monetary Policy Committee (MPC) of the SBP due to meet tomorrow, likely increasing policy…

· At-Tahur Limited (PREMA) held its corporate briefing session, hosted by AKD Securities, to discuss 1QFY22 results and future outlook of the company. To recall, the company posted NPAT of…

· Market continued to remain in the bearish zone due to concerns over economic outlook, further devaluation of Pak rupee and hawkish stance in the upcoming monetary policy. Activity remained…

We reinstate coverage on TGL, one of the largest glass producers in Pakistan, with a Buy rating and June 2022 TP of PKR165/sh. We estimate a 5yr sales CAGR of…

To step up the fight against climate change in Pakistan, IFC is partnering with Engro Corporation to help reduce plastic waste, promote recycling, and boost the company's energy efficiency. The…

As per provisional fertilizer offtake data for the month of Nov'21, urea offtake grew by 5% YoY to 561k tons compared to 533k tons in SPLY. Offtake of FFC and…

Expect the market to trade in a range as investors are cautious over upcoming monetary policy on 14th December, where expectations are building up for an interest rate hike of…

The Pakistan urea industry can earn export revenues of $400-500 million by exporting fertilizer in a year if the urea industry is deregulated. This notion was shared by ENGRO Fertilizers…

· Drawing curtains to MSCI EM, KSE-100 closed Nov'21 at 45,072.4pts, denoting a –ve 2.5% performance during the month while marking the highest volatility CYTD. Avg. Volume for the month…

AKD Securities Ltd. organized Analyst Briefing of Mughal Iron & Steel Industries Limited (MUGHAL) to discuss FY21 result and future outlook of the company. To highlight, the company reported outstanding…