FLASHNEWS:

Day: May 24, 2023

AKD Securities Limited – AKD Daily (24 May 2023)

Karachi, May 24, 2023 (PPI-OT): Pakistan Cement – Cement sector benefits from declining coal pricesInternational coal prices have plummeted recently, touching the lowest level since Jun’21, with Richards Bay coal price currently hovering at US$103/ton …

Taurus Securities Limited – Market Roundup (24 May 2023)

Karachi, May 24, 2023 (PPI-OT): KSE-100 lost 96 points yesterday, to close at 41,099 with 91Mn shares being traded. Top performance as per price change was witnessed in PGLC, GATM and GADT. Top decliners AIRLINK, UNITY and LCI. Activity was mainly conc…

JS Securities Limited – JS Research (24 May 2023)

Karachi, May 24, 2023 (PPI-OT): MARI: Growth trajectory intact but receivables build up gathering paceFrom 18 blocks to 33 blocks in two years, MARI maintains its aggressive growth strategy reaffirming our view on the stock as one of our top picks. Tra…

AKD Securities Limited – AKD Daily Technical (24 May 2023)

Karachi, May 24, 2023 (PPI-OT): KSE-100: Lacklustre activity witnessedMarket View – TechnicalThe index opened on a slightly positive note and traded in a narrow range. The local bourse posted a high of 101pts, a low of 96pts and concluded with a loss o…

VIS Assigns Initial Rating to Taj Gasoline (Private) Limited

Karachi, May 24, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) has assigned initial entity ratings of ‘A-/A-2’ (Single A Minus/ A-Two) to Taj Gasoline (Private) Limited (TGPL). The medium to long-term rating of ‘A-’ denotes good credit quality…