PSX’s past performance and expectations for the coming week
The market commenced on a positive note this week, fuelled by the contraction of the trade deficit by 42% YoY to USD 5.3bn in 1QFY24. Moreover, the expectation of robust…
PSX Performance during September 2023 – it becomes the world’s best-performing market
The benchmark equity bourse marked a resurgence during the outgoing month of Sep'23. At the onset of the month, the caretaker PM informed that KSA is expected to invest USD…
TRG Pakistan Limited announced its 4QFY23
TRG Pakistan (TRG) announced its 4QFY23 LPS of Rs12.9 as against LPS of Rs6.3 in 3QFY23 which remained in line with expectations. This takes full year FY23 LPS at Rs2.5…
KSE-100 Index Profitability – September 28, 2023
Despite the dismal economic circumstances, external account pressures, highest-ever inflation reading in FY23, and lower demand across major sectors, the profitability of the KSE-100 index showcased an upward trend, posting…
OGDC and PPL seek a foreign investor for the Reko Diq project.
According to Arif Habib Ltd Sales, OGDC PA and PPL PA announced that they are seeking a foreign investor for the Reko Diq project. The research house, in a brief…
OGDC posts highest ever profit after tax of PKR 224,619mn in FY23
Oil & Gas Development Company Limited (OGDC) announced its financial result today, posting a highest ever profit after tax of PKR 224,619mn (EPS: PKR 52.23) during FY23 compared to PKR…
Outlook at PSX, next week
The market sentiment remained predominantly positive this week, bolstered by significant developments on the economic and political front. On the political front, the Election Commission of Pakistan has announced that…
PSX past week and outlook
The outgoing week saw the market awaiting the MPC meeting's decision, wherein expectations ranged from ~0% to 2% hike in the policy rate, and last week's T-Bill auction suggested the…
PKR’s devaluation hit the stock market last week
According to Spectrum Research, the KSE100 index experienced a notable decline of 2,359 points, closing at 45,313 points, primarily attributed to the PKR's devaluation against the USD by 1.5%WoW to…
PSX awaits the upcoming MPC meeting, the next review with the IMF and developments related to energy reforms.
· The KSE100 index faced downward pressure throughout the month of August, witnessing a correction of 3,032 points to conclude at 45,002 points, marking a 6.3%MoM drop. KSE100 daily traded…
System Limited said its active clients have increased to 150 in 1H2023.
Systems Limited (SYS) gross margins clocked in at 27% in 1H2023 vs 32% in 1H2022. The major reasons include (1) inflationary adjustments in salaries, (2) increase in energy prices impacting…
A cash dividend of PKR 4.0/share is expected from KAPCO in 4QFY23.
Kot Addu Power Company Limited (KAPCO) is scheduled to announce its 4QFY23 financial result on Sep 6th 2023. We expect, the company to post a profit after tax of PKR…
Markets expect a cash dividend of PKR 5.50/share from HUBC in 4QFY23.
The Hub Power Company Limited (HUBC) to post a profit after tax of PKR 11.4bn (EPS: PKR 8.80) in 4QFY23 compared to PKR 7.0bn (EPS: PKR 5.41) during 4QFY22. The…
SYS—2QCY23 earnings expected to clock in at PkR11.32/sh
SYS—2QCY23 earnings expected to clock in at PkR11.32/sh: We expect SYS to maintain its high earnings trajectory owing to strong growth within almost all geographies, mainly MEA which has recently…
Increase in petrol and diesel prices by around PKR20/litre hurt the stock market this week.
The KSE100 Index slightly declined by 206pts WoW, closing at 48,218; the market declined as the delay in the formation of a new interim cabinet, a significant depreciation of PKR…
PSX observes volatility today.
According to Arif Habib Ltd Sales, the volatility resumed around the key 48k pivot, leaving the potential for 46-47k support to be tested. It adds that OGDC PA (-3.58%), PPL…
EPCL announced a cash dividend of PKR 1.50/share in 2QCY23
Engro Polymer & Chemicals Limited (EPCL) announced its 2QCY23 financial result today, where the company posted a profit after tax (PAT) of PKR 1,562mn (EPS: PKR 1.72), down by 33%…
PSX market review for the week
The bullish momentum gained further exuberance as bulls managed to cross another barrier to surpass 48,000 with minimal resistance from bears. During the week, the index gained >1,500pts compared to…
PSX: Major support continues to build around 46-47k.
· Heavyweights OGDC PA (+6.28), HBL PA +5.74%), ENGRO PA (+2.42%), and MCB PA (+1.55%) lifted Pakistan higher to now approach the weekly draw on liquidity @ 49k without consolidation.…
PSX performances during July 2023
In Jul'23, PSX demonstrated exceptional performance, characterized by various positive developments. At the onset of the month, the government secured a significant Stand-by Arrangement (SBA) facility of USD 3bn from…
More Saudi money along with the Pakistan Mineral Summit, lifted the KSE-100
· Anticipation of more Saudi money and the Pakistan Mineral Summit lifted the KSE-100 further to cross 48k. · Large caps again led the way, with OGDC PA (+7.5%), PPL…
Pakistan Stock Exchange sees robust momentum this week.
The local bourse opened on a negative note on Monday due to profit-taking witnessed by the investors. Moreover, the country report released by the IMF hinted at keeping the monetary…
FFBL’s bottom line expected to settle at PKR 1.23/share in 2QCY23e
Fauji Fertilizer Bin Qasim Limited (FFBL) is scheduled to announce its financial result for 1HCY23 on 21st Jul'23, where we expect the company to post a loss after tax of…
Tariq Glass commissions a New Spectrum Mirror Coating line.
The research house - AHL Research in Pakistan, believes that the topline of Tariq Glass Industries Limited (TGL) will improve from the first quarter of FY25. The company sells glassware,…
KSE100 experienced a sustainable surge this week.
Spectrum Research has issued a review of PSX this week's performance. It says that KSE100 experienced a sustainable surge, gaining nearly 861pts and closing at 45,068. The upswing was fueled…