FLASHNEWS:

Day: May 17, 2023

AKD Securities Limited – Off the Analyst’s Desk (17 May 2023)

Karachi, May 17, 2023 (PPI-OT): PSMC: Analyst Briefing CY22/1QCY23Pak Suzuki Company Limited (PSMC) held its corporate briefing session on 17th May’23 to discuss the financial results of CY22/1QCY23 and Future outlook:To recall, Pak Suzuki Company Limi…

JS Securities Limited – JS Research (17 May 2023)

Karachi, May 17, 2023 (PPI-OT): Higher SBP imports limit Apr-2023 CAS to US$18mnCurrent account balance reported second consecutive surplus in Apr-2023, clocking in at US$18mn. Surplus balance was led by further contraction in imports, with relatively …

AKD Securities Limited – AKD Daily (17 May 2023)

Karachi, May 17, 2023 (PPI-OT): Pakistan Economy: Current Account Surplus, but at a costPakistan posted a Current Account Surplus for the month of Apr’23 to the tune of US$18mn, compared to the revised US$750mn reported for the earlier month. The reduc…

Taurus Securities Limited – Market Roundup (17 May 2023)

Karachi, May 17, 2023 (PPI-OT): KSE-100 gained 288 points yesterday, to close at 42,006 with 196Mn shares being traded. Top performance as per price change was witnessed in PTC, POML and PSEL. Top decliners PSX, ATLH and SCBPL. Activity was mainly conc…

FFC Energy Wind Power Plant Celebrates Decade of Excellence

Rawalpindi, May 17, 2023 (PPI-OT): FFC Energy Limited (FFCEL) “Pakistan’s pioneering Wind Power Project,” a subsidiary of Fauji Fertilizer Company, celebrated 10 years of its commercial operations at the FFC Energy Plant Site with the leaders of the wi…

Bank transactions shouldn’t be taxed

Islamabad, May 17, 2023 (PPI-OT): Former Vice President of FPCCI Atif Ikram Sheikh on Wednesday said the failed experiment of levying tax on bank withdrawals should not be repeated. The move would prove to be the last nail in the coffin of our sinking …

PACRA Maintains Entity Ratings of Crown Textile

Lahore, May 17, 2023 (PPI-OT): Crown Textile’s export-oriented textile unit is primarily engaged in the production and sale of Men’s, Ladies and Children’s knitted garments. The Company only purchases yarn and does everything else in-house (knitting, d…