Web Desk
Karachi, November 19, 2021 (PPI-OT): 1QFY22 LSM growth clocks in at 5.15% For the fifteenth month in a row, large-scale manufacturing (LSM) showed a YoY improvement, albeit rising by only 1.2% in Sep-2021. For 1QFY22, LSM growth clocked in at 5.15%. Key categories of LSM which contributed most significantly during Sep-2021 were Automobiles, Iron and…
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Karachi, November 19, 2021 (PPI-OT): KSE-100; Range bound activity expected The KSE-100 index witnessed a volatile session to close at 46,111, down by 84 points. Volumes stood at 264mn shares versus 238mn shares traded previously. The index is expected to trade between the 50-DMA and the 200-DMA that currently stands at 45,737 and 46,264 levels,…
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Karachi, November 19, 2021 (PPI-OT): KSE-100 lost 84 points yesterday, to close at 46,111 with 264Mn shares being traded. Top performance as per price change was witnessed in FML, FCCL and MEBL. Top decliners TRG, JSCL and POML. Activity was mainly concentrated In Technology, Cements and Chemicals.
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Karachi, November 19, 2021 (PPI-OT):TECNO has finally started promoting its first Gimbal Camera phone – CAMON 18 in Pakistan. After its successful launch in the global market, the phone is highly anticipated by the local users. CAMON 18 comes as with the most exclusive features from TECNO so far. The phone shall support a Stabilized…
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Karachi, November 19, 2021 (PPI-OT):VIS Credit Rating Company Ltd. (VIS) has assigned initial Broker Fiduciary Rating of ‘BFR2’ to Muhammad Munir Muhammad Ahmed Khanani Securities Limited (MMMAKSL). The assigned rating denotes strong fiduciary standards. Outlook on the assigned rating is ‘Stable’. The rating signifies sound internal controls, financial sustainability and client services while ownership and…
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Karachi, November 19, 2021 (PPI-OT): View from the desk The KSE-100 Index remained in the positive trajectory due to the market consensus of an increase in interest rate by 100bps and investors’ interest mostly inclined to the banking sector. The KSE-100 index closed up by 379 points. The market will witness roll over week next…
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Karachi, November 19, 2021 (PPI-OT): Bulls attempt a return, KSE100 Index up 1.6% WoW The KSE100 Index closed up 1.6% WoW on the back of two bullish trading sessions from the whole week. Anticipation of a higher quantum of hike in Policy Rate to be announced in today’s pre-poned Monetary Policy meeting drove the Banking…
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