Unity Foods Limited announced financial result for 3QFY22
Unity Foods Limited (UNITY) posted un-consolidated profits of Rs893mn during 3QFY22. This translates into a diluted EPS of Rs0.75 as compared to Rs0.95 in 3QFY21. The result came lower than…
PSX market nosedived right from the opening today due to T-bill yields recorded 24 years high
· Market nosedived right from the opening due to T-bill yields recorded 24 years high yesterday. The bench mark KSE-100 index traded in the red zone throughout the day as…
Philip Morris (Pakistan) announces financial results for 1Q2022
Philip Morris (Pakistan) Limited ("PMPKL") generated Total Net Turnover of PKR 5,345 million reflecting Domestic Net Turnover of PKR 4,497 million, + 2.1% vs. prior period due to an unaltered…
PSX observed a range bound secession today
· PSX observed a range bound secession today, KSE-100 index remained volatile throughout the day due to expectation of rate hike in upcoming policy as KIBOR reached 13years high. On…
Treet Corporation posts losses during 3QFY22
Treet Corporation (TREET) announced its 3QFY22 financial results, where the company posted consolidated loss of Rs239mn (LPS: Rs1.35) against profit of Rs14mn (EPS: Rs0.08) in same period last year. The…
A review of 1QCY21: Systems Ltd
System Ltd is expected to post 1QCY22 consolidated NPAT of PKR1.1bn (EPS: PKR4.12), up 89% yoy, but down 38% qoq (sequential decline is due to absence of one-off FV adjustment…
Interloop Ltd revenues rose by c.70% yoy to PKR21.3bn
Interloop (ILP) reported 3QFY22 NPAT of PKR2.3bn (EPS: PKR2.54), up c.35% yoy, and c.10% qoq. This takes 9MFY22 NPAT to PKR7.0bn (EPS: PKR7.79), up c.50% yoy. The result significantly missed…
PSX celebrated the resumption of successful IMF Talks today
· PSX celebrated the resumption of successful IMF Talks which helped the bench mark KSE-100 to open in the green zone. Investor participation remained intact across the board which helped…
A range bound secession was observed at PSX today
· A range bound secession was observed at PSX today due to further devaluation of PKR against US dollars and concerns over spike in T-Bill yields. The market opened in…
Nestlé’s first quarter results reflect continuation of steady recovery
Nestlé Pakistan posted a revenue of PKR 37.8 billion for the first quarter of the year, with a growth of 16.8% compared to the same period last year, continuing its…
Profit taking continued at PSX today
· Profit taking continued at PSX today, KSE-100 index opened positive but could not sustain in green zone as profit taking dragged the index down to red zone due to…
PSX market witnessed profit taking today
· Market witnessed profit taking today, KSE-100 index opened on a positive note but couldn't sustain in green zone as investor opted for profit selling across the board due to…
Tariq Glass to give new life to furnaces producing float glass (Unit-I)
Tariq Glass Industries Ltd has informed Pakistan Stock Exchange (PSX) today that one of the furnaces producing float glass (Unit-I) has outlived its useful campaign life and closed for rebuild…
PSX market stayed in the green zone throughout the day
· Market stayed in the green zone throughout the day. KSE-100 index opened in the positive zone. SPI for the week ended 14-Apr-2022 recorded a decrease of 0.68% week on…
Last hour buying turned PSX index into green
· Positive session was observed at PSX today due to stability in Pak rupee against dollar. Rally was witnessed in refinery sector due to expectation of tremendous earnings in the…
PSX: profit taking across the board led the index to close in red zone today
· Volatile session was observed at PSX today. Market opened on a bleak note but value buying was witnessed in the first trading hour. Main board activity remained dull but…
Pakistan stocks market witnessed hefty volumes in the 3rd tier scripts today
· Another positive session witnessed today due to political stability and appreciation of Pak Rupee against US Dollar. Across the board rally was witnessed regardless of foreign selling spree, Main…
Expert’s opinion that immediate support stands in b/w 46,040 – 45,907
A strong bullish move was witnessed at the start of the new week, and the benchmark Kse-100 index finally concluded the session at a level of 46,144.96 with a record…
PSX sees bullish momentum due to clarity over political unrest and appreciation of Pak rupee
· Bullish momentum was recorded today due to clarity over political unrest and appreciation of Pak rupee against dollar. Market celebrated the prolong awaited clarity as KSE-100 index posted historic…
Pakistan Stock Exchange – what to expect going forward?
After over a month of unexpected political events and increasing political uncertainty, the dust finally seems to have settled. Amid opening of the Supreme Court at midnight, national capital being…
Pakistan stock reacts positively – opens with 1400 points
The PTI government was ousted over the weekend, losing its majority in the National Assembly. PML-N's Shehbaz Sharif will likely to elected Prime Minister later today. The KSE100 lifted by…
PSX’s past week performance PSX, and Outlook
In the outgoing week, the market opened to a blood bath session, shedding 1,250pts on the back of surprising dismissal of no confidence motion by the NA deputy speaker followed…
PSX witnessed a bullish momentum today
· PSX witnessed a bullish momentum today due to prolong awaited decision from the Supreme Court announced last night created clarity among investors. Moreover, appreciation of Pak rupee against US…
Expert’s term increase in interest rates a timely move by the SBP
In a surprise development, SBP conducted an ad hoc meeting today and taking cue from the ongoing macroeconomic situation particularly persistent double-digit inflation, worsening external account, rising domestic & international…
Another volatile day observed at PSX today
· Another volatile day observed at PSX today, KSE-100 index opened positive but was unable to digest green zone due to ongoing political unrest, rising T-bill auction yields and Pak…