KSE-100 Index profitability – September 26, 2022
Despite being a tumultuous year in terms of change in economic policy and domestic response to the spate of global demand supply disruptions ensuing from post COVID jitters and Russia…
Despite being a tumultuous year in terms of change in economic policy and domestic response to the spate of global demand supply disruptions ensuing from post COVID jitters and Russia…
We expect market returns to turn positive as Pakistan is fully compliant on FATF's action plan and an announcement of status is expected in the upcoming week. Moreover, financial aid…
· PSX witnessed a negative session due to prevailing political noise. The benchmark KSE-100 index nosedived following the same trend from the previous session although in the last trading hour value…
· Another down-close session today after a positive open zone. Continued pressure on the PKR softened sentiment to take the KSE-100 below 41k. All eyes now on the FED tonight and…
Tariq Glass Ltd (TGL) has posted net profit of PKR295mn (EPS: PKR2.14) in 4QFY22, down c.38% YoY and 76% QoQ. This took net profits in FY22 to PKR4.1bn (EPS: PKR30.06),…
· PSX closed down on the day having failed to regain the 42k level after a bullish open. Big week for global rates with the FED expected to hike rates by…
Kot Addu Power Company (KAPCO) announced its FY22 financial result today where the company posted a profit after tax (PAT) of PKR 9.9bn (EPS: PKR 11.24), down by 3% YoY…
We expect Tariq Glass Ltd (TGL) to post net profit of PKR813mn (EPS: PKR5.91) in 4QFY22, up c.71% YoY but down 33% QoQ. This will take net profits in FY22…
Equity market performance continued to remain disappointing throughout the last week with index shedding 0.64%WoW to close in at 41,679 points. Market participation however improved on a WoW basis where…
· The benchmark KSE-100 index witnessed another range bound session today due to continued widening gap of value between US dollar against Pak rupee. The market opened in the positive zone…
· Another range bound session was witnessed at the PSX today. The market opened in positive zone and continued to trade in a consolidated range as investor's participation remained dull…
· A range bound session was witnessed at the PSX today due to mounting inflation, economic and political concerns. No materialization of funds from friendly nations kept sentiments in check.…
The Benchmark index started the last week on a negative note and continued within a thin range. During the week, the index posted a high and low of 42,388 and…
· Another slow session was witnessed at PSX today as rupee continued its devaluation against US dollar. The market continued to trade sideways after opening in the positive zone although…
· The PSX observed a range bound session today due to continuous depreciation of PKR against US dollar. The benchmark KSE-100 index despite opening in the positive zone failed to…
· The market remained range bound throughout the day, due to concerns over rising inflation number. The benchmark KSE-100 index opened in the positive zone however, investors' participation remained sideways…
· The benchmark KSE-100 index witnessed a bloodbath session today due to concerns over inflation and growth rate due to prevailing flood crisis. The market opened in the positive zone but…
Following the disbursement of the tranche by the IMF, the government is expected to unlock further foreign economic assistance from various international creditors and flood relief aid from friendly countries…
· Market witnessed a positive session today as Pakistan received the first tranche of the extended fund facility from the International Monetary Fund. Investors participation remained active throughout the day,…
· The market opened in the positive zone as the International Monetary Fund's executive board approved the extended loan facility for Pakistan. However, later in the day investors opted for…
· The market observed a negative session today due to concerns over mounting inflation and GDP growth rate. Investors' participation remained sideways throughout the day although value buying was witnessed…
During the week, the KSE-100 vanished 679 pts and closed at 42,592 pts as political uncertainty arises again, to the ongoing tussle between the federal and provincial governments. Moreover, rising…
A negative session was witnessed at the PSX due to last day of rollover week as investors opted for profit-taking. The first session consisted of dull activity despite opening in…
· Market remained range bound throughout the day due to concerns over rising inflation and political noise. The benchmark KSE-100 index opened in the positive zone but dull activity was…
· A range bound session was observed in the market today due to roll-over week. The benchmark KSE-100 index opened in the positive zone but sluggish activity was witnessed throughout the…