Karachi, March 11, 2022 (PPI-OT): Banks: Are the recent higher pay-outs sustainable? Dividend payouts of Pakistan Banks continue to remain healthy where most banks announced higher final dividends. The few exceptions which announced 35% and below payouts pinned it on meeting adequacy requirements, maintaining stable payout ratio and prioritizing growth. We try to decipher sector’s […]
Day: March 11, 2022
JS Securities Limited – Pakistan Market: Technical Outlook (March 11, 2022)
Karachi, March 11, 2022 (PPI-OT): KSE-100; Recovery movement is likely to continue KSE-100 index witnessed a sharp recovery to close at 43,854, a gain of 811 points DoD. Volumes stood at 272mn shares versus 184mn shares traded previously. The index is expected to revisit yesterday’s high of 43,922 where a break above that will target […]
Taurus Securities Limited – Market Roundup (March 11, 2022)
Karachi, March 11, 2022 (PPI-OT): KSE-100 up 811 points yesterday, to close at 43,854 with 271Mn shares being traded. Top performance as per price change was witnessed in PIOC, DGKC and MLCF. Top decliners SML, PAEL and POL. Activity was mainly concentrated In Technology, Cements and Chemicals.
IWCCI two-day expo starts today
Islamabad, March 11, 2022 (PPI-OT):Naima Ansari, President Islamabad Women’s Chamber of Commerce and Industry (IWCCI) on Friday said that two-day expo for women entrepreneurs is starting today (Saturday) in Islamabad. IWCCI and atomcamp is organizing 3rd WIBFEST; an event aiming to create opportunities for women in business from all across Pakistan, she said. The event […]
Realme Reveals Sajal Aly as the Face of realme 9 Series
Lahore, March 11, 2022 (PPI-OT):Pulling out all stops, realme has just announced a collaboration with a heavy hitter of Pakistani film and television, Sajal Aly, as the brand ambassador for its new realme 9 Series. This is an exciting development as this marks the first time in Sajal’s illustrious career that she has ever partnered […]
Master Motor, Foton and Master MoltyFoam donates 1st Ever Foton Mobile Health Care Unit to Shahid Afridi Foundation
Islamabad, March 11, 2022 (PPI-OT):Master Group of Industries, a leading business entity consisting of Master Motor, Foton, and Master MoltyFoam has announced to donate its first-ever completely fabricated Foton M-280 Truck with a Mother and Child care facility unit to Shahid Afridi Foundation. The kind act is intended to extend the support, accessibility, and to […]
PACRA Assigns Positive Outlook to Asset Manager Rating of PAK Oman Asset Management Company Limited
Lahore, March 11, 2022 (PPI-OT):The rating recognizes Pak Oman Asset Management Company Limited’s (“POAMCL” or the “Company”) association with an established and renowned financial institution, Pak Oman Investment Company Limited. The rating reflects the Company’s experienced management, structured investment decision making process and adequate governance framework. Over the past few years, the AUMs of the […]
PACRA Upgrades Entity Ratings of Hi-Tech Feeds (Private) Limited
Lahore, March 11, 2022 (PPI-OT):The global feed industry is valued at ~$345bln, while poultry contributes (~$235bln) to the total industry. Pakistan has the capacity to produce ~10mln MT of feed annually. The industry generates an estimated annual turnover of ~PKR 350bln to PKR 450bln from local sales to poultry farms. Currently, an uptick in poultry […]
JS Securities Limited – JS Market Wrap (March 11, 2022)
Karachi, March 11, 2022 (PPI-OT): View from the desk Profit-taking continued across the board as benchmark index closed at 43,653, down 200 points DoD. Market opened in the green zone and touched an intraday high of 43,966 points but was unable to break through the intraday resistance of 44,000 points. Traded volume stood at 150mn […]
JS Securities Limited – Weekly Review (March 11, 2022)
Karachi, March 11, 2022 (PPI-OT): Soaring oil prices drag KSE100 Index lower by 2% WoW The week started with investors succumbing to panic from oil prices reaching GFC highs amid talks of Russian embargo and uncertainty looming across markets owing to Russia-Ukrain tensions, with market losing 2.9% in a single day. However, the nose-dive did […]