FLASHNEWS:

Day: September 28, 2023

JS Securities Limited – JS Research (28 Sep 2023)

Karachi, September 28, 2023 (PPI-OT): INIL: Fiscal consolidation to impact FY24; Growth prospects aheadINIL conducted its Corporate Briefing yesterday to discuss FY23 financial performance and outlook. To recall, the company announced 4QFY23 EPS of Rs1…

AKD Securities Limited – Off the Analyst’s Desk (28 Sep 2023)

Karachi, September 28, 2023 (PPI-OT): INIL – Analyst Briefing TakeawaysInternational Industries Limited (INIL) organized its analyst briefing yesterday to apprise investors of the FY23 result and future outlook. To highlight, the company reported an un…

IGI Securities Limited – Flash Note (28 Sep 2023)

Karachi, September 28, 2023 (PPI-OT): Oil and Gas Development Company LimitedEarnings: Oil and Gas Development Company Limited (OGDC) announced it 4QFY23 result. The Company reported 4QFY23 earnings of PKR 64.98bn (EPS PKR 15.11), up by +3.0xy/y compar…

Taurus Securities Limited – Market Roundup (28 Sep 2023)

Karachi, September 28, 2023 (PPI-OT): KSE-100 gained 87-point yesterday, to close at 46,365 with 177Mn shares being traded. Top performance as per price change was witnessed in EFUG, FCCL and HGFA. Top decliners PSEL, HBL and SYS. Activity was mainly c…

PACRA Maintain Entity Ratings of My Petroleum (Private) Limited

Lahore, September 28, 2023 (PPI-OT): Pakistan heavily depends on imports for its energy requirements due to its limited domestic POL production. A substantial increase in POL import costs was witnessed supported by rupee depreciation (FY22: US$17bln, F…