Web Desk
Karachi, July 07, 2022 (PPI-OT): Autos: Super tax to suppress earnings during 4QFY22 We present our earnings estimates for Jun-2022 quarter for the Auto sector, where the retrospective impact of Super Tax is expected to more than offset the impact of multiple price hikes announced by the auto makers coupled with healthy volumes. As a…
Read MoreWeb Desk
Karachi, July 07, 2022 (PPI-OT): KSE-100; Trading in range – wait for dips KSE-100 index opened on a positive note and remained firm throughout the session. The index after making a high of 41,335, slid to close at 41,160 level, gaining 57 points DoD. However, volumes improved slightly and were recorded at 98mn shares versus…
Read MoreWeb Desk
Karachi, July 07, 2022 (PPI-OT): KSE-100 gained 57 points yesterday, to close at 41,160 with 98Mn shares being traded. Top performance as per price change was witnessed in ANL, PIOC and DCR. Top decliners POML, HGFA and AGP. Activity was mainly concentrated In Chemical, Technology and Cement.
Read MoreWeb Desk
Karachi, July 07, 2022 (PPI-OT):VIS Credit Rating Company Ltd. (VIS) has maintains the Broker Management Rating of Foundation Securities (Private) Limited (FSL) at ‘BMR2’. Outlook on the assigned rating is being revised from Stable to ‘Rating Watch-Developing’. Previous rating action was announced on June 15, 2021. The rating signifies strong compliance and risk management as…
Read MoreWeb Desk
Karachi, July 07, 2022 (PPI-OT): DAILY STOCK MARKET REPORT Market Position as of July 07, 2022 Ready Market Companies Position Plus Minus Unchanged Total 162 126 22 310 Future Market Companies Position Plus Minus Unchanged Total 255 28 7 290 INDICES KSE30 KSE100 KSEALLSHR KMI30 KMIAllSHR BKTI OGTI Current 15,727.63 41,344.01 28,474.33 67,947.22 20,779.19 10,656.75…
Read MoreWeb Desk
Karachi, July 07, 2022 (PPI-OT): View from the desk Market opened on a positive note but later faced profit taking due to lack of triggers. Index closed at 41,344, gaining 184 points DoD. Traded volume stood at 99mn shares where LOTCHEM (-0.8%), OGDC (4.0%), SNGP (2.0%), PRL (-0.7%) and CNERGY (0.4%) were the volume leaders….
Read MoreWeb Desk
Karachi, July 07, 2022 (PPI-OT): Market remained sluggish with thin volumes Pakistan equities closed the week on a negative note at 41,344, reporting a decline of 0.7% WoW. The volumes remained dry with 90 million shares trade during the week, witnessing a decline of 55% on WoW basis. Key underperformers during the week were Refinery,…
Read More