Unity Foods recorded a loss of Rs2.17bn in 4QFY24
§ UNITY announced its 4QFY24 result recently, where the company recorded loss of Rs2.17bn (LPS of Rs1.82), compared to profit of Rs1.25bn (EPS of Rs1.04) in 4QFY23. Higher than expected…
BF Biosciences IPO general subscription on 2nd and 3rd October!
The general public will subscribe 6.25 million shares, 25 percent of the total offer size of BF Biosciences IPO, on October 2nd and 3rd at the strike price of Rs…
HUBC dismissed media reports about ongoing negotiations between IPPs and the government.
The Hub Power Company held its financial briefing today. The following are the key takeaways from today HUBC's annual general meeting (AGM). Brief takeaways The Board informed that the company…
Xiaomi TV a revenue diversificationa for Air Link Communication
We initiate coverage on Air Link Communication Limited (AIRLINK) with a “BUY” call and a Jun’25 target price of PKR 186.9/share, implying a 47.9% upside from current levels. Our call…
Hubc will likely be negatively affected if the government enforces their PPA conversion of PPAs: Research House.
Recently, news has been circulating regarding the termination of IPPs under the 1994 and 2002 Power Policy. The government has reportedly planned to shift old power plants from the current…
Pakistan received 1st tranche of US$1.02bn, PSX market sentiment is poised for improvement
The market remained volatile throughout the week, with the benchmark KSE100 index losing 782pts or 0.95%WoW, closing at 81,292pts on Friday. However, anticipation of the IMF’s board approval, scheduled for…
HUBCO highe value still intact. Earning ~PKR95bn is expected over the next three years
AHCML Research has reviewed HUBCO's performance and future efforts to increase revenue. Analysts believe that HUBCO's higher value is still intact. Earnings ~ of PKR95 bn are expected over the next…
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…