Web Desk
Karachi, January 27, 2023 (PPI-OT): Bulls return – KSE-100 gains 5% WoW KSE-100 continued its upward trajectory throughout the week driving the index to rise 2,438 points (+6.3%) over three consecutive upbeat sessions before some profit-taking on the last trading day of the week. KSE-100 closed the week at 40,450, up 5.3% WoW. Investor participation…
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Karachi, January 27, 2023 (PPI-OT): DAILY STOCK MARKET REPORT Market Position as of January 27, 2023 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 76 Current 15109.93 40450.53 26921.40 68732.25 9403.86 11452.87 19501.73 Minus 238 Previous 15211.60 40846.53 27186.40 69773.56 9431.79 11454.98 19716.54…
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Karachi, January 27, 2023 (PPI-OT): Economy – PKR: Approaching IMF a Necessity Now; Else More Price Pain to Come As per news reports, the Exchange Companies Association of Pakistan (ECAP) from 25th January will remove self-imposed ‘artificial cap’, keeping the open-market rates premium close to interbank rate. The emergence of this black market can be…
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Karachi, January 27, 2023 (PPI-OT): Weekly Review With a controlled hike in the policy rate, along with some positive newsflow regarding the start of negotiations between the Govt. and the IMF, the market witnessed a rally of ~2,400pts from Tuesday to Thursday. This culminated to the KSE-100 index gaining 5.3%WoW to close at 40,451pts at…
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Karachi, January 27, 2023 (PPI-OT): Fauji Fertilizer Manufacturers: 4QCY22E Previews The Fauji Fertilizer manufacturers (FFC and FFBL) are scheduled to hold their board meetings for their annual results on Monday, where we expect unconsolidated earnings of PkR5.0/sh for FFC and PkR1.7/sh for FFBL, taking cumulative earnings for CY22 to PkR16.9/sh and PkR3.1/sh respectively. Offtakes show…
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Karachi, January 27, 2023 (PPI-OT):VIS Credit Rating Company Limited (VIS) has withdrawn the entity ratings of ‘BBB/A-2’ (Triple B/A-Two) assigned to Denim Clothing Company (DCC), with immediate effect, due to non-renewal of contract. Previous rating action was announced on May 18, 2022. For more information, contact: Director Compliance and Rating Analytics, VIS Credit Rating Company…
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Karachi, January 27, 2023 (PPI-OT):VIS Credit Rating Company Limited (VIS) withdrawn the entity ratings assigned to Yaqeen Developers Limited (YDL), with immediate effect, on account of non-renewal of rating contract. The previous rating action was announced on June 03, 2021. For more information, contact: Director Compliance and Rating Analytics, VIS Credit Rating Company Limited VIS…
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