PSX saw a boom due to institutional buying in November
According to IMS Research, the KSE100 was red-hot in November, returning 17% (+15% in US$) to close at 60,531pts, easily surpassing the previous high of c 53,000pts set in 2017.…
KSE100 gained 2,023 pts on the news of positive economic developments.
According to Spectrum Research, KSE100 gained 2,023 pts, closing at 59,086 fueled by positive economic developments, including the release of nest IMF's tranche, government transfer of SOE assets to PSWF,…
PAEL management aims to pay off all long-term debt within 3-4 years.
Due to gradual economic recovery and changing dynamics of import business in Pakistan, we have re-evaluated Pak Elektron (PAEL) after our detail discussion with the management. We have revised our…
Biafo Industries Limited (BIFO) exports have doubled in FY23
BIFO held its analyst briefing earlier today to discuss their FY23 financial performance and future outlook. Following are the key highlights of the briefing: To recall, company posted earnings of…
Pakistan Stock Exchange Index likely to reach 75k in 2024 as recovery has just begun
Pakistan's Stock market recovery is likely to continue in the year 2024. Experts expect the benchmark KSE-100 total return index to reach 75k by Dec 2024, a potential upside of…
SCI November 2023 Index Review – No major change for Pakistan
MSCI released an update on its November 2023 Index Review, notifying that there is no change in constituents for Pakistan in the MSCI main Frontier Market Index. However, in the…
HUBC – A buy call was issued amid a target price of Rs 155/sh
· We revisit our investment case on Hub Power Company Ltd (HUBC), which posted an eventful FY23, marked by the announcement of record dividends of PkR30/sh, yielding an average of 34.5%…
Research houses ask the investors for a cautious approach due to overbought state
The northbound journey remained unabated and added another 737.33 points to the score taking, Kse‐100 index to 53,860.36. We remain positive in the near term until a clear price signal…
“PSX Market Soars to All-Time Highs”, Igniting Frenzy!
On November 3, 2023, the KSE100 index closed at 53,123 and surpassed its previous all-time high of 52,876 points, which was last observed in May'17. This was made possible due…
Security Papers achieved 74% profit growth, with EPS increased by Rs. 2.62 in Q1 FY 2023-24
After 110% dividend in FY 2022-23, Security Papers Limited (SPL) announced its financial results for the first quarter of financial year 2023-24, ending September 30, 2023, recording a 74% growth…
PSX Index on its way to challenge May’17 High!
· KSE100 Index closed on a positive note, with the index gaining a cumulative of 1,230pts to end at 51,920pts, a gain of 12.3%MoM. · The KSE-100 is well on…
Tariq Glass has established a 1MW solar plant.
TGL's earnings for 1QFY24 clocked in at PkR759mn (EPS: PkR4.41/sh), reflecting an increase of 115%YoY (EPS in 1QFY23: PkR2.05/sh). Topline for the company during 1QFY24 stood at PkR6.9bn, registering an…
PPL posted PAT of PkR29.62bn (EPS: PkR10.89) in 1QFY24
Pakistan Petroleum Limited (PPL) reported its 1QFY24 earnings earlier today, wherein the company posted Profit After Tax (PAT) of PkR29.62bn (EPS: PkR10.89) for the quarter, higher by 87%/13% on a…
Kot Addu Power Company’s PPA is currently in the process of renewal.
KAPCO - FY23 Analyst Briefing Takeaway Kot Addu Power Company Limited (KAPCO) conducted its analyst briefing today to present investors with updates on their FY23 results and offer insights into…
Hub Power Company’s 1QFY24 EPS stands at Rs13.17, up 88% YoY (earnings higher than industry expectations)
Hub Power Company (HUBC) announced its 1QFY24 result wherein company reported profit to equity owners of Rs17bn (EPS of Rs13.17) up 88% YoY while down 29% QoQ. Along with the…
Atlas Battery introduced five new batteries
Atlas Battery Ltd. (ATBA) held its analyst briefing today to update investors on their FY23 results and provide insights into the company's future outlook. To note, in FY23, the company…
Hub Power Company is likely to give a cash dividend of Rs 6 in 1QFY24
The Hub Power Company Limited (HUBC) is scheduled to announce its 1QFY24 financial result on Oct 25, 2023, whereby the company is expected to post a profit after tax of…
PPL profitability likely to grow by 7% YoY in 1QFY24
Pakistan Petroleum Limited (PPL) is scheduled to announce its 1QFY24's financial result on 30th Oct'23, where we anticipate the company's profitability to clock-in at PKR 28,418mn (EPS: PKR 10.44) during…
A buy call for PPL, OGDC, Mari, and POL at PSX
We update our coverage on the E&P sector and strongly encourage portfolio realignment towards this space from a long-term perspective where valuations remain undemanding. While we are not overlooking the…
PSO is exploring a USD10bn partnership with the Bank of China
According to Spectrum Research, good momentum is maintained at PSX. KSE100 gained over 2,000pts, closing at 49,493 level, mainly underpinned by the PKR appreciation as it gained PKR5/USD and closed…
KSE-100_Bullish sentiment persists
The index opened positively and remained bullish throughout the last trading session. The local bourse posted a high of 445pts and concluded with a gain of 419pts to settle at…
EPCL to declare an interim cash dividend of PKR2.4/sh in 3QCY23
EPCL is projected to post a consolidated NPAT of PKR2.4bn (EPS: PKR2.75) for 3QCY23, up 60% QoQ and 11% YoY. This will take 9MCY23 consolidated NPAT to PKR5.2bn (EPS: PKR5.57),…
Lotte Chemical Pakistan saw its earnings registered a decline of 27% YoY
Lotte Chemical Pakistan Limited (LOTCHEM) has released its financial results for the 9MCY23, reporting a profit after tax (PAT) of PKR 4,840mn (EPS: PKR 3.20). This marks a 40% decline…
Attock Petroleum’s profit up by 23% YoY in 1QFY24
Attock Petroleum Limited (APL) announced the financial result for 1QFY24, whereby the company posted a profit after tax (PAT) of PKR 5,260mn (EPS: PKR 42.27) against PKR 4,290mn (EPS: PKR…
PSO 1QFY24 results may reflect an increase in earnings on the back of higher inventory gains
Intermarket Securities Limited has estimated PSO's 1QFY24 earnings to arrive at PKR17.4bn (EPS: PKR37.12) vs NLAT of PKR4.6bn (LPS: PKR9.85) in 4QFY23. The expected increase in earnings is on the…