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Karachi, December 28, 2022 (PPI-OT): DAILY STOCK MARKET REPORT Market Position as of December 28, 2022 INDICES COMPANIES KSE KSE-30 KSE-100 KSE-ALLSHR KMI-30 BATI OGTI PSX-KMI POSITION INDEX INDEX INDEX INDEX INDEX INDEX INDEX INDEX Plus 66 Current 14460.99 39279.43 26708.89 66400.95 9024.36 10459.78 19281.89 Minus 257 Previous 14676.13 39802.91 27013.18 67221.38 9161.65 10531.37 19537.84…
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Karachi, December 28, 2022 (PPI-OT): PAEL – CY21 3QCY22 Analyst Pak Elektron Ltd (PAEL) organized its analyst briefing yesterday to discuss CY21/3QCY22 results and the company’s future outlook. Saigol family remains the major shareholder of PAEL with a shareholding of 51.5%. The company has majorly two divisions: Power (49%) and Appliances (51%). The company has…
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Karachi, December 28, 2022 (PPI-OT): KSE-100: Volatile session expected The index opened on a slightly positive note and faced a volatile session amidst good volumes. The local bourse posted an intraday high of 161pts, a low of 450pts and concluded with a loss of 352pts to settle at 39,803pts. The volumes clocked in the last…
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Karachi, December 28, 2022 (PPI-OT): Pakistan Oil and Gas: Gas Circular Debt on the mend Recent government estimates point towards the gas circular debt to have increased to ~PkR900bn by Nov’22, compared to ~PkR719bn as of Mar’22. The companies majorly affected by the circular debt include: OGDC, PPL, SNGP, SSGC, and PSO. The stock of…
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Lahore, December 28, 2022 (PPI-OT):Al-Rahim Textile Industries Limited is a family-owned business established in 1991. Al-Rahim is a leading towel manufacturer and exporter. The Company owns a modern, state-of-the-art plant and machinery to produce quality products- towels, towel garments, and kitchen linens. Processes are vertically integrated which gives good control over all steps of production…
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Lahore, December 28, 2022 (PPI-OT):Cherat Cement’s Ratings reflect its prominent presence in the cement sector emanating from its major market share (~7%) predominately in the north region. The latest period reported a reduction in cement production reflecting on economic downturn. Increase in prices of all the construction materials has impacted demand for cement as well….
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Lahore, December 28, 2022 (PPI-OT):The ratings assigned to the HBL Microfinance Bank underpin the Bank’s affiliation with Aga Khan Development Network and Habib Bank Limited (HBL) – one of the largest banks in the country. The bank has been able to devise a sound strategy and established a strong footprint over the years. The bank…
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