FLASHNEWS:

Day: June 7, 2023

Update on Ratings of Summit Bank Limited

Karachi, June 07, 2023 (PPI-OT): VIS Credit Rating Company Limited (VIS) notes that Summit Bank Limited has released the Financial Statement for 2022 and Q1’2023, however the restructuring plan is still awaited. Summit Bank Limited has sought extension…

VIS Upgrades Entity Ratings of House Building Finance Company Limited

Karachi, June 07, 2023 (PPI-OT): VIS Credit Rating Company Limited has upgraded the entity ratings of House Building Finance Company Limited (‘HBFC’ of ‘the DFI’) from ‘A/A-1’ (Single A/A-One) to ‘AA-/A-1+’ (Double A Minus/A-One Plus). Assigned short-t…

AKD Securities Limited – AKD Technical Daily (07 June 2023)

Karachi, June 07, 2023 (PPI-OT): KSE-100 – Bullish sentiment persistsThe index opened on a positive note and remained bullish throughout the last trading session. The local bourse posted a high of 359pts and concluded with a gain of 256pts to settle at…

JS Securities Limited – JS Research (07 June 2023)

Karachi, June 07, 2023 (PPI-OT): Banks: FY24 Budget likely to bring more taxesWe believe the FY24 Budget will likely carry more negative earnings implications for banks, as it has been among the key sectors historically for the government to reap tax c…

Taurus Securities Limited – Market Roundup (07 June 2023)

Karachi, June 07, 2023 (PPI-OT): KSE-100 up 256 points yesterday, to close at 41,923 with 241Mn shares being traded. Top performance as per price change was witnessed in PGLC, HGFA and SHEL. Top decliners BNWM, ATLH and SNGP. Activity was mainly concen…