Crescent Steel and Allied Products Limited held its corporate briefing session to discuss the 1HYFY22 financial performance and the future outlook of the company recently. The followings are the key…
The green session was witnessed today due to a decline in international commodity prices. The cement sector stayed in the green zone due to a major drop in international coal…
In a recent bourse filing, Pakistan Aluminum Beverage Cans Ltd (PSX:PABC) declared Financial results for the year ending December 2021 with a staggering 258% rise in Net profits (2021: 1576M…
· The index opened with a negative note and faced a volatile session. The local bourse posted a high of 113pts, a low of 259pts and concluded with a loss…
Systems Ltd (SYS) has posted consolidated NPAT of PKR1.82bn (EPS: PKR13.22), up 233% yoy and 76% qoq. Earnings have come in higher than our expected EPS of PKR7.39, due to…
The market opened positive and stayed in the green zone throughout the day due to a decline in international commodity prices. However, volumes remained dull. Moreover, Investors opted for an…
Volatile session was observed today due to political unrest and overheated commodities cycle. Market opened in the red zone and stayed under pressure throughout the day. Cement sector stayed in…
TGL has posted 2QFY22 NPAT of PKR1.47bn (EPS: PKR10.7), up 27% qoq and 146% yoy, against expert's expectation of PKR0.96bn (EPS: PKR6.98). Earnings beat is led by higher-than-expected sales and…
· Market continued to remain volatile as Country reported alarming rise in Covid-19 cases. Market opened on a bleak note and stayed dull throughout the day even after passing of…
· Market remained volatile today as Country reported highest ever Covid-19 infections in the last 4 months. Market opened on a bleak note as investors remained risk-averse. In Refinery sector,…
§ Market remained volatile today due to rapid surge in the Covid-19 cases as within the past 10 days positivity rate has jumped from 1.08 percent to 3.66 percent showing an…
· Market remained under pressure today due to the higher trade deficit number and rising number of Covid-19's new variant Omicron cases in Pakistan. Trade deficit year-on-year widened by a…
· Market played in the range-bound area today as investors remained risk-averse due to the rising number of Covid-19's new variant Omicron cases in Pakistan. Profit-taking was witnessed in the…
Expect the market to trade in a range, as IMF would approve the new tranche of US$1bn for Pakistan only when all the required actions are completed including passing of…
· Market continued to remain range-bound due to the roll-over week. Profit-taking was witnessed in the first trading hour while market battled between the bulls and bears throughout the day.…
· Market continued to remain choppy ahead of mini-budget. The government had planned to take the cabinet's nod to the Supplementary Finance Bill, 2021 to slap highly inflationary Rs360 billion…
· As CY21 approaches close, we take a look at AKD Cement Universe's performance during the year where even after a strong performance for 1HCY21 (up 18% against 8% of…
Bearish players dominated Pakistan equities due to the current account deficit, which increased to $7.1bn in 5MFY22. Index initially opened on a positive note but succumbed to selling pressure as…
Sindh Engro Coal Mining Company (SECMC) has successfully achieved 10 million tons of coal production milestone. SECMC, one of the largest public-private partnership in the energy sector, commenced commercial operations…
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…
