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…
KSE-100 Index exhibited mixed momentum throughout the week – outlook positive.
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…
Govt. considers terminating/phasing out 15 IPP contracts and its impact on PSX’s related scripts.
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…
Profit taking drags the PSX index down to 77,887 points in July 2024
• The market witnessed a mixed sentiment during Jul’24. • At the beginning of a new fiscal year, the market showcased a bullish trend, given that Pakistan reached a staff-level agreement with…
HUBC’s profitability to jump by 16% YoY in FY24 to record PKR 51.6/share
The Hub Power Company Limited (HUBC) is scheduled to announce its FY24 financial result soon, where we expect the company to post consolidated earnings of PKR 66,891mn (EPS: PKR 51.6),…
PSX: Immediate support is between 77,750 and 77,500
According to AHL Technical, another negative session occurred on Wednesday, with the KSE-100 index dropping by 741.82 points to close at 77,886.98. The daily chart showed a lower high and…
Markets change stance and believe SBP to maintain the status quo for interest rates on meeting on July 29
The State Bank of Pakistan (SBP) will announce Monetary Policy on July 29 in the Monetary Policy Committee (MPC) meeting. The MPC will meet on Monday, July 29 to decide…
Pakistan’s FY24 Meat Export up 20%,TOMCL sales up 60%
Pakistan's meat and meat product exports reached a record high of US$512 million in FY24, up 20% year-on-year from US$426 million in FY23. Export volume also surged by 24% to…
Nestle Pakistan Reports Mixed Results in H1 2024
Nestle Pakistan, a leading food and beverage company, has released its financial results for the first half of 2024, reflecting a mixed performance. While the company managed to increase its…
80k remains the key level to watch. PSX
According to a report of Arif Habib Ltd Sales, more lift off Monday's low with the KSE-100 and KSE-30 mustering up gains of +0.52% and +0.6% DoD, respectively 57 shares…
Today’s story of fall in the PSX index and tips/hopes for moving forward.
Weak open to the start of the week as politics continued to disrupt upside momentum 13 shares rose while 87 fell, with HUBC PA (-3.25%), ENGRO PA (-3.34%), and FFC…
Political noise is likely to subside next week and the market is expected to recover Friday’s losses.
Heavy selling to end the week eroded earlier gains to close flat on the week @ 80,117 17 shares rose while 83 fell SNGP PA (+3.63%), THAL PA (+2.62%) and…
Supreme Court’s decision on reserved seats may impact the index.
According to IMS Research, the KSE100 index closed 150 points lower yesterday at 79,992 points. Today's key event is the Supreme Court's decision on reserved seats. If the decision goes…
KSE-100: The index may find initial support near 80,300, a crucial level for the market.
The index opened positively and remained volatile throughout the last trading session. The local bourse posted a high of 525pts, a low of 20pts and concluded with a gain of 353pts…