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…
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…
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 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 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…
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…
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…
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…
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 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…
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 (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.…
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 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…
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…
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 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…
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 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…
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…
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…
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…
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…
KSE-100 Index exhibited mixed momentum throughout the week, closing with a modest weekly gain of 0.4%WoW at 78,570 points. The week began on a turbulent note, primarily due to concerns…
According to news sources, authorities, in consultation with the recently created power task force, have decided to retire/gradually phase out 15 IPP contracts with immediate effect. Planned terminations for the…
