Web Desk
Karachi, December 08, 2022 (PPI-OT):VIS Credit Rating Company Ltd. (VIS) has withdrawn the Broker Fiduciary Rating of BFR2++ with ‘Rating Watch-Positive’ outlook assigned to AKD Securities Limited (AKDSL). Ratings stand withdrawn on account of AKDSL’s merger with and into BIPL Securities (BIPLS). The new entity has been renamed to AKD Securities Limited (formerly BIPL Securities…
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Karachi, December 08, 2022 (PPI-OT):VIS Credit Rating Company Limited (VIS) has withdrawn the entity ratings of ‘BBB-/A-3’ (Triple B Minus/A-Three) assigned to Razaque Steels (Pvt) Limited, with immediate effect, on account of management’s decision to discontinue the ratings. The previous rating action was announced on June 22, 2022. For more information, contact: Director Compliance and…
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Islamabad, December 08, 2022 (PPI-OT):Ufone 4G, after the success of its flagship UPower offerings, is further boosting the utility of its UPower 120 offer to deliver enhanced control and enablement to its customers. Going forward, upon subscribing to any of the options in UPower 120, the consumer will be awarded Free 1GB data. The free…
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Lahore, December 08, 2022 (PPI-OT):The travel tech company, Bookme, has joined hands with a prominent public sector bank, The Bank of Punjab (BOP), to digitally transform the Pakistani travel industry and facilitate domestic travel and tourism. If you are a BOP customer and have ‘DigiBOP’, or their online banking application on your phone, you will…
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Karachi, December 08, 2022 (PPI-OT): SEARL: Analyst Briefing Key Takeaways The Searle Company Limited (SEARL) organized its analyst briefing yesterday to discuss FY22 results and the company’s future outlook. To recall, SEARL posted consolidated PAT of PkR29.9bn (EPS: PkR7.5), up 14%YoY while on the flipside profit margin for the company dropped to 8.1% vs. 14.3%…
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Karachi, December 08, 2022 (PPI-OT): SEARL: FY22 inflation linked price increase to support margins in 2QFY23 The Searle Company Limited (SEARL) held its Analyst Briefing to discuss the company’s financial performance and future outlook. Despite higher sales, profits for 1QFY23 quarter deteriorated on a QoQ basis primarily due to decline in gross margins and higher…
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Karachi, December 08, 2022 (PPI-OT): KSE-100; Recovery to continue Bulls dominated the session as KSE-100 index closed up by 279 points at 41,819 level. Volumes stood at 221mn shares versus 132mn shares traded previously. The index is expected to target the 50-DMA that currently stands at 42,111 where a break above that will extend the…
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