Web Desk
Karachi, October 22, 2021 (PPI-OT): POL – 1QFY22 Result Review Pakistan Oil Field Limited (POL) announced its 1QFY22 result today where the company’s earnings clocked in at PkR5.3bn (EPS: PkR18.5). The result announcement is slightly higher than our estimates on the back of higher than anticipated other income, which clocked in at PkR2.7bn primarily on…
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Karachi, October 22, 2021 (PPI-OT): DGKC, CHCC, FCCL Previews for 1QFY22 We present earnings estimates for DG Khan Cement Company (DGKC), Cherat Cement Company Limited (CHCC) and Fauji Cement Company Limited (FCCL) ahead of the 1QFY22 result announcements. We expect flattish margins on a QoQ basis for two out of the three companies discussed mainly…
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Karachi, October 22, 2021 (PPI-OT): KSE-100; Re-test at the 200-DMA The KSE-100 index reacted from its key resistance level of 200-DMA to close at 45,821, up 322 points. Volumes stood at 338mn shares versus 313mn shares traded previously. The index is expected to re-test its key level of 46,146 (200-DMA) where a break above will…
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Karachi, October 22, 2021 (PPI-OT): KSE-100 gained 322 points yesterday, to close at 45,821 with 338Mn shares being traded. Top performance as per price change was witnessed in EPCL, KOHC and THALL. Top decliners PSX, AVN and INIL. Activity was mainly concentrated In Technology, Banks and Food.
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Karachi, October 22, 2021 (PPI-OT):Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Friday said the disadvantages of devaluing the rupee are more than advantages as it is hitting the entire population and stoking poverty. The policy of devaluing…
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Islamabad, October 22, 2021 (PPI-OT):The Pakistan Economy Watch (PEW) on Friday said why local currency is shedding value if the economy is sound and relations with international institutions are cordial. Why are the top officials deceiving the people by telling them the benefits of devaluation of the rupee, it said. Managing the troubled economy is…
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Karachi, October 22, 2021 (PPI-OT):The Union of Small and Medium Enterprises (UNISAME) has urged Shibli Faraz federal minister for Science and Technology to recommend export of Khashkhas without loss of time as SME farmers and exporters are losing opportunities in global markets and suffering due to wrong mindset. White Poppy seeds are food grade and…
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