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Category: Brokerage

Tax Reversal Propels Bottom-line for Pakistan State Oil in 3QFY24

Karachi, Pakistan State Oil (PSO) reported its 3QFY24 earnings, revealing a Profit after Tax (PAT) of PKR 5.65 billion (EPS: PKR 12.03), which was lower by 59% compared to the same period last year, but above expectations. The company’s gross margins i…

Maple Leaf Cement reports reduced earnings in third quarter

Lahore, Maple Leaf Cement Factory Limited (MLCF) reported a 33% decrease in consolidated earnings for the third quarter of fiscal year 2024, recording profits of PkR1.5 billion, down from PkR2.2 billion in the previous quarter. The company attributed t…

KSE-100 Index Rises as Market Maintains Bullish Momentum

Karachi, The KSE-100 Index saw significant gains, closing at 72,052 points after a daily rise of 692 points, indicating a continued bullish trend in the Pakistan stock market. Despite a slight drop in trading volume from 656 million to 599 million sha…

Karachi Stock Exchange-100 Index Surges, Closes Above 72,000 Mark

Karachi, The Karachi Stock Exchange-100 index closed above the 72,000 mark after a bullish trading session. Opening on a positive note, the local bourse experienced a surge, posting a high of 1,055 points and concluding with a gain of 693 points, sett…

Energy Companies to Release 3QFY24 Earnings with Varied Outcomes

Islamabad, Several Pakistani energy companies are scheduled to release their third-quarter fiscal year 2024 (3QFY24) earnings reports, with varied results expected across the sector. The reports will reflect changes in oil prices, exchange rates, and p…

April 2024 CPI at 16.90% YoY; Prospects for Monetary Easing Grow

Karachi, The Consumer Price Index (CPI) for April 2024 has been reported at a 16.90% year-over-year increase, signaling a decrease from the previous month’s rate of 20.68% YoY. This shift comes alongside a notable monthly decrease of 0.80%, with marked…