Web Desk
Karachi, March 22, 2023 (PPI-OT): LUCK: Our top pick from the sector Lucky cement commissioned its Pezu capacity expansion of 3.15mn tons per annum in late Dec’22, with a total cement capacity of 15.3mn TPA, holding its mark as the largest cement producer of Pakistan. LUCK uses 80%/20% of afghan/local coal in their north plant….
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Karachi, March 22, 2023 (PPI-OT): FABL: Analyst Briefing Key Takeaways Faysal Bank Limited (FABL) held its analyst briefing earlier today. The key highlights of the call were as follows: With regards to the financials, FABL posted its highest ever bottom line of PkR11.23bn (up 38%YoY) during CY22. On the balance sheet front, assets/deposits of the…
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Karachi, March 22, 2023 (PPI-OT): KSE100 – Lackluster activity witnessed Market View — Technical The index opened on a positive note and traded in a narrow range amidst low volumes. The local bourse posted an intraday high of 72pts, a low of 222pts and concluded with a loss of 40pts to settle at 40,878pts. The…
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Karachi, March 22, 2023 (PPI-OT): KSE-100 lost 40 points yesterday, to close at 40,878 with 143Mn shares being traded. Top performance as per price change was witnessed in FHAM, AVN and CNERGY. Top decliners PGLC, PSEL and PAKT. Activity was mainly concentrated in Technology, Foods and OMCs.
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Karachi, March 22, 2023 (PPI-OT): KSE-100 likely to re-test support at the 50-DMA KSE-100 index witnessed another negative session to close at 40,878, down 40 points. Volumes stood low at 143mn shares versus 195mn shares traded previously. The index is expected to re-test support at the 50-DMA that currently stands at 40,758 points where a…
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Karachi, March 22, 2023 (PPI-OT): Autos 2QFY23: Second consecutive quarter in losses We review Auto sector’s performance for 2QFY23 results wherein the sector remained in negative territory despite sequentially higher sales volume driven by higher operating days along with partial recovery in margins. While margins showed some improvement, a key factor for losses was the…
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Karachi, March 21, 2023 (PPI-OT): KSE-100 – Heading towards 50-SMA The index opened on a slightly positive note and faced a bearish session amidst good volumes. The local bourse posted an intraday high of 68pts, a low of 420pts and concluded with a loss of 412pts to settle at 40,918pts. The volumes clocked in the…
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