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 note on PSX performance said today:-

· Failure to ignite in the last session of the week (-0.4% WoW) and month (+2.7% MoM) but still maintaining 46k.

· Big down move in SYS PA (-4.21%), which closed below PKR 400.

· OGDC PA FY23 EPS: 52.23, +83% YoY and DPS: 8.55.

· OGDC PA and PPL PA announced they are seeking a foreign investor for the Reko Diq project.

· PKR was one the top global performers for the month +6% where the Dollar Index traded above 106.

· ENGRO PA (-0.11%) plans to sell thermal energy assets.

· Holding above 46k keeps us positive on the market, and looking for 46.9k.