Nishat Chunian Limited posted a significant profit im FY24
Nishat Chunian Limited (NCL) announced its FY24 results today, where the company posted an unconsolidated NPAT of PkR692mn (EPS: PkR2.9), compared to a loss of PkR999mn (LPS: PkR4.2) in the…
Pak Elektron (PAEL) plans to export its power division products to the USA
Pak Elektron (PAEL) plans to export its power division products to the USA. The company's current exports stand at US$5mn, and the target is to increase exports multiple times from…
BF Biosciences IPO receives overwhelming response from investors!
The book-building process of BF Biosciences’ Initial Public Offer (IPO) has concluded with an oversubscription of 3.40 times, the company said on Thursday. The IPO received an overwhelming response from institutional…
PSX is likley to maintain its upward trajectory from 23 Sept.
The KSE-100 index experienced a bullish week, driven by anticipation of USD 7bn approval from the IMF Executive Board, for which a meeting is scheduled for Sep’25. Moreover, the 50bps…
Experts anticipate the PSX market will sustain its positive momentum next week
The market experienced initial pressure due to selling by investors, but several positive economic developments emerged throughout the week. The State Bank of Pakistan (SBP) continued its monetary policy easing…
Pakistan Refinery is concluding the FEED study for the refinery upgrade project
Pakistan Refinery Ltd (PRL) held its FY23 analyst briefing earlier today to update investors on the company’s financial performance and future outlook: The company posted earnings of PkR1.82bn (EPS: PkR2.90)…
BF Biosciences plans to raise Rs1.38 bn to 1.93 bn in Sept. 2024 through IPO
BF Biosciences Limited looks to raise 1.38 bn to 1.93 bn by issuing 28.3% new shares through an Initial Public Offering (IPO) on September 25-26. Speaking at the pre-IPO investor's roadshow…
A review of KSE’s August’s performance and future outlook
The market commenced negatively, given the investors resorted to profit-taking. The momentum shifted towards the green zone post the announcement of single-digit inflation of 9.6% (34-month low), renewing expectations of…
A review of KSE-100 performance during August 2024 amid mixed economic indicators
The KSE-100 index showcased mixed momentum during Aug’24, clinging on to the expectation of approval of IMF’s EFF program and disbursement of loans. At the start of the month, Pakistan…
PSO launches innovative Blue LPG Initiative to enhance energy access
Pakistan State Oil (PSO), the leading energy company, in collaboration with the Government of Gilgit-Baltistan, proudly announces the launch of the "Blue LPG Initiative," a pioneering project aimed at transforming…
OGDC discoverd of Baloch-2, Sinjhoro Block in Sindh
Oil and Gas Development Company (OGDC), the operator of the Sinjhoro Block in Sindh, has discovered Baloch-2 in the Sembar Formation. Baloch-1 was found in 2009 but was fully depleted…
Lucky Core Industries to expand Ash production capacity
Lucky Core Industries Limited's management held an analyst briefing session today. During the session, LCI’s management discussed FY24 results and offered valuable insights into the company’s forthcoming strategy. Here are the…
HUBC is currently exploring opportunities and engaging with battery manufacturers in China.
Hub Power Company Ltd (HUBC) held its analyst briefing earlier today, where the following was discussed: · HUBC reported a consolidated NPAT of PkR70bn (EPS: PkR53.98) for the year, marking a…
Systems Limited announced its 2QCY24 financial results today
Systems Limited (SYS) announced its 2QCY24 financial results today. The company posted a Profit after Tax (PAT) of PkR1.7bn (EPS: PkR5.7) vs PkR1.2bn (EPS: PkR4.9) in SPLY, up 18% YoY.…
PRL has exhibited a financial and operational milestones record in the fiscal year 2023-24.
Pakistan Refinery Limited (PRL) has concluded the fiscal year 2023-24 with exceptional financial and operational performance, marking one of the most successful periods in the company’s history. This year has…
ENGRO’s other income jumped 72% year over year during 2QCY24
Engro Corporation Limited (ENGRO) announced its 1HCY24 financial result with a consolidated profit after tax of PKR 6,261mn (EPS: PKR 11.67), a 42% decline YoY. On a quarterly basis, the…
Faysal Bank and CIRCLE launched the Khud Mukhtar Internship Programme.
In collaboration with CIRCLE, Faysal Bank Limited (FBL) has launched the Faysal Khud Mukhtar internship program (FKIP), a groundbreaking initiative to foster inclusivity and women's empowerment in Pakistan's workforce. Through…
Allied Bank Limited posts highest-ever quarterly PAT recorded in 2Q
ABL announced earnings today for 2QCY24 at PKR 12.5bn (EPS: PKR 10.9), depicting an uptick of 25% YoY | 7% QoQ. For 1HCY24, total earnings amounted to PKR 24.1bn, marking…
AIRLINK partnered with Acer Gadget to launce Acer prodcuts
Airlink Communication (AIRLINK) has partnered with Acer Gadget Inc., a subsidiary of Acer Inc., to introduce "Acer Gadget e10" laptops, tablets, and all-in-one devices to the Pakistani market. AIRLINK has…
Markets anticipate PKR 2.00 per share from Service Global Footwear
According to a research report by AHL Research, Service Global Footwear Limited (SGF) is expected to announce its financial results for the first half of 2024 on August 24, 2024.…
Ghandhara Tyre and Rubber Company Ltd. Ushers in New Era with Shandong Huasheng Rubber Co., Ltd
Ghandhara Tyre and Rubber Company Limited (GTR) has today marked a pivotal moment in its operational history by announcing the termination of its long-standing Royalty Technical Services Agreement with Continental…
Pakistan’s dairy industry termed an 18% sales tax on packaged milk detrimental.
FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for the year's first half, concluding on June 30th, 2024. Despite a challenging economic environment, the Company achieved 17% growth (revenue…
A review of Hub Power Company and its future potential
We reiterate our BUY recommendation for The Hub Power Company Limited (HUBC) with a target price of PKR 201.5/share by Jun’25, an upside of 36%. Our positive outlook on this…
markert expects upside from current levels towards 79k.
Gains off 78k rose to 78.7k before coming off in the 2nd half of the session. 55 stocks rose while 43 fell, with FFC PA (+2.99%), POL PA (+1.98%), and MCB…
MSCI Aug’24 Preview: Pakistan’s weight likely to increase by 51bps
Pakistan's representation in the MSCI Frontier Markets (FM) Index is anticipated to undergo some key changes in the upcoming MSCI review, scheduled for August 12th, 2024. These changes are expected…