Web Desk
Karachi, September 02, 2022 (PPI-OT): DAILY STOCK MARKET REPORT Market Position as of September 02, 2022 Ready Market Companies Position Plus Minus Unchanged Total 130 193 21 344 Future Market Companies Position Plus Minus Unchanged Total 253 41 15 309 INDICES KSE30 KSE100 KSEALLSHR KMI30 KMIAllSHR BKTI OGTI Current 15,932.55 42,309.11 29,031.19 70,094.67 21,465.33 10,815.97…
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Karachi, September 02, 2022 (PPI-OT): View from the desk KSE-100 index observed range-bound activity today and closed at 42,309, losing 151 points DoD. Total traded volume stood at 160mn shares where WTL (-1.6%), FLYNG (1.4%), SILK (4.2%), CNERGY (-2.6%) and PAEL (1.0%) were the major contributors. Going forward, we recommend investors to remain cautious and…
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Karachi, September 02, 2022 (PPI-OT): Market loses 0.7% WoW despite IMF revival Pakistan equities closed negative at 42,309, losing 282 points WoW. Volumes remained dull during the week with ADTV declining 15% WoW. Increased political noise and economic uncertainty over news regarding damages due to the floods led to profit taking this week. Market however…
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Karachi, September 02, 2022 (PPI-OT): A brief on IMF Staff Report – Surveillance on reforms increase Following IMF’s initial press release regarding approval of Pakistan’s 7th and 8th reviews of the ongoing Extended Fund Facility (EFF), the Fund has released its Staff Report today. As briefed in our earlier note, the approval makes way for…
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Karachi, September 02, 2022 (PPI-OT): Cement – Maple Leaf Cement Factory Limited Earnings: Maple Leaf Cement Factory Limited (MLCF) announced its’ full year Fy22 financial result, whereby the company reported earnings of PKR 3,626mn or PKR 3.3/share, down by 42%y/y. For the 4qFy22 alone the company reported earnings of PKR 35mn or PKR 0.03/share down…
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Karachi, September 02, 2022 (PPI-OT): 2022 Pakistan Floods – Pakistan Floods 2022: ‘This Too Shall Pass’ Much of Pakistan’s agricultural and rural areas have been severely damaged by flooding and monsoon rains since Jul-22. The magnitude of animal, crop, infrastructure, property damage, and population impacted, according to some media estimates, might easily exceed 1.5-2.0 times…
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Karachi, September 02, 2022 (PPI-OT):VIS Credit Rating Company Limited has withdrawn the entity ratings of ‘BBB/A-2’ (Triple B/Single A-Two) assigned to Ebrahim Textile Mills Private Limited (ETML) with immediate effect, on account of the management’s decision to discontinue the ratings. The previous rating action was announced on December 23, 2021. For more information, contact: Director…
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