Karachi, July 05, 2023 (PPI-OT): KSE-100_Faces a highly volatile sessionMarket View – TechnicalThe index opened with a positive note and remained volatile throughout the last trading session. The local bourse posted a high of 612pts, a low of 411pts an…
Karachi, July 05, 2023 (PPI-OT): KSE-100; Engulfing Bear – stay cautiousKSE-100 index after making a high of 44,512 slid to close at 43,557, down 342 points DoD. Volumes stood high at 419mn shares versus 382mn shares traded previously. An Engulfing Bea…
Karachi, July 05, 2023 (PPI-OT): FY23 PDL target missed over lower POL salesOMC sales in Jun-2023 declined 31% YoY to 1.3mn tons (+4% MoM), taking FY23 sales to 16.6mn tons (-26% YoY). The decline was led by slowdown in economic activity including cons…
Karachi, July 04, 2023 (PPI-OT): KSE-100; Upside to continueBulls continued to dominate the session as KSE-100 index gained 2,446 points to close at 43,899. Volumes improved to 382mn shares from 235mn shares traded previously. The index is expected to …
Karachi, July 04, 2023 (PPI-OT): KSE-100 – Winning streak recordedThe index opened with a runaway gap and remained bullish throughout the last trading session. The local bourse posted a high of 2,481pts and concluded with a gain of 2,446pts to settle a…
Karachi, July 04, 2023 (PPI-OT): KSE-100 lost 342 points yesterday, to close at 43,557 with 419Mn shares being traded. Top performance as per price change was witnessed in HGFA, ATRL and UNITY. Top decliners PGLC, GADT and YOUW. Activity was mainly con…
Karachi, July 04, 2023 (PPI-OT): Pakistan Strategy – FY23 Market Review and OutlookKSE100 Index closed relatively flat during FY23, with the index falling cumulatively by 179ppts to end at 41,453 points, decline of 0.21%YoY during the period.The Econom…
Karachi, July 04, 2023 (PPI-OT): CPI trend decelerates; risks to FY24E CPI emergeCPI for Jun-2023 has been reported at 29.4%, after a four-month streak of +30% inflation, taking FY23 average to 29.04%, over the long-awaited base effect, while a MoM dec…
Karachi, July 03, 2023 (PPI-OT): IMF’s gift – An unexpected Eid Mubarak!In a surprising but welcome development, Pakistan and the IMF reached staff level agreement for a US$3bn (SDR2,250mn) Stand-By Arrangement (SBA). The agreement is likely to be appr…
Karachi, July 03, 2023 (PPI-OT): A new IMF agreement – a positive start to FY24Pakistan secures US$3bn IMF SBAWhile KSE100 Index closed flat for the year with -0.2% returns, it ended at a positive note pertaining to macro direction of the country. Paki…