FLASHNEWS:

Day: July 21, 2023

JS Securities Limited – JS Research (21 July 23)

Karachi, July 21, 2023 (PPI-OT): Bulls remain in charge, KSE-100 up 2% WoWWeek started on a dull note but investor optimism eventually picked up. KSE-100 index closed the week at 45,921, up 853 points WoW. Sector wise, Banks (7.2% WoW), Transport (2.6%…

JS Securities Limited – JS Research (21 July 23)

Karachi, July 21, 2023 (PPI-OT): Islamabad High Court Terms Super Tax ultra viresThe Islamabad High court issued a ruling yesterday stating Super Tax imposed in the FY23 budget shall be applicable prospectively from Tax Year 2023 but not Tax Year 2022,…

AKD Securities Limited – AKD Daily (21 July 23)

Karachi, July 21, 2023 (PPI-OT): FFC | FFBL 2QCY23E Result PreviewsFFC-2QCY23 earnings expected to clock in at PkR5.15/sh: We expect FFC to continue with strong results on the back of uninterrupted gas supplies and lowest gas cost in the sector leading…

AKD Securities Limited – AKD Daily Technical (21 July 23)

Karachi, July 21, 2023 (PPI-OT): KSE-100 – Index remains volatileMarket View – TechnicalThe index opened on a negative note and remained volatile during the last trading session. The local bourse posted a high of 357pts, a low of 27pts and concluded wi…

Taurus Securities Limited – Market Roundup (21 July 23)

Karachi, July 21, 2023 (PPI-OT): KSE-100 up 303 points yesterday, to close at 45,398 with 464Mn shares being traded. Top performance as per price change was witnessed in HCAR, SHEL and PSMC. Top decliners COLG, PAKT and PSX. Activity was mainly concent…