FLASHNEWS:

Day: June 16, 2023

VIS Harmonizes Rating of Tier-2 Instrument of Silk Bank Limited

Karachi, June 16, 2023 (PPI-OT): VIS Credit Rating Company Limited has issued a new Rating Scale for hybrid Tier-1 and Tier-2 capital instruments issued by Banks (https://docs.vis.com.pk/docs/VISRatingScales.pdf), under Basel III guidelines as implemen…

JS Securities Limited – JS Research (16-June-2023)

Karachi, June 16, 2023 (PPI-OT): Apr-2023: Another month of 20% YoY decline in LSMLarge-scale manufacturing (LSM) posted a negative growth of 21% YoY in Apr-2023, staying in the red for the 8th consecutive month. This has taken 10MFY23 LSM decline to 9…

AKD Securities Limited – AKD Daily Technical (16-June-2023)

Karachi, June 16, 2023 (PPI-OT): KSE-100_Hovering near 200-SMAMarket View – TechnicalThe index opened on a positive note and remained volatile throughout the last trading session. The local bourse posted a low of 245pts, a high of 125pts and concluded …