Karachi, October 09, 2023 (PPI-OT): Oil and Gas Exploration Companies – PKR Depreciation and Higher Finance Income to Lift 1QFY24 Earnings by +6%y/yIGI E and P universe earnings are expected to augment by +6%y/y during 1QFY24 to PKR 106.6bn compared to…
Karachi, October 09, 2023 (PPI-OT): KSE-100: Closes with a positive biasThe index opened on a positive note and remained volatile throughout the last trading session. The local bourse posted a high of 167pts, a low of 50pts and concluded with a margina…
Karachi, October 09, 2023 (PPI-OT): POL and APL 1QFY24 Result PreviewsPOL – PAT to clock in at PkR9.1bn (EPS: PkR31.9) in 1QFY24: Pakistan Oilfields Limited (POL)’s board of directors are scheduled to meet today, where we expect the company to post ear…
Karachi, October 09, 2023 (PPI-OT): Beep: Cement Dispatches drop by 9% MoM in Sep-23As per the recent data, total Cement dispatches for the month of September clocked in at 4.1mn tons vs. 4.3mn tons in the corresponding period of last year, reporting a…
Karachi, October 09, 2023 (PPI-OT): FCCL and ACPL 1QFY24 result previewsWe present 1QFY24 earnings expectations for Attock Cement Ltd. (ACPL) and Fauji Cement Ltd. (FCCL). We expect ACPL to post an EPS of Rs13.7, up 16x YoY over Rs10/share (after tax) …
Karachi, October 09, 2023 (PPI-OT): KSE-100; A steady uptrend to continueKSE-100 index witnessed another positive session to close at 47,494, up 41 points DoD. Volumes stood at 246mn shares versus 463mn shares traded previously. The index is expected t…
Karachi, October 09, 2023 (PPI-OT): KSE-100 gained 41 points yesterday, to close at 47,494 with 246Mn shares being traded. Top performance as per price change was witnessed in ISL, GATM and HGFA. Top decliners JDWS, PSEL and CHCC. Activity was mainly c…