Karachi, August 17, 2023 (PPI-OT): KSE-100; An Engulfing Bear – stay cautiousKSE-100 index showed negative movement to close at 48,146, down 419 points DOD. Volumes stood at 195mn shares versus 252mn shares traded previously. An Engulfing Bear has occu…
Karachi, August 17, 2023 (PPI-OT): KSE-100: Closes with a bullish biasMarket View – TechnicalThe index opened on a slightly positive note and faced a bearish session. The local bourse posted a low of 457pts and concluded with a loss of 419pts to settle…
Karachi, August 17, 2023 (PPI-OT): Allied Bank LimitedEarnings: Allied Bank Limited (ABL) announced its financial result for the second quarter of the year 2023. As per the financial result, the Bank reported unconsolidated earnings of PKR 9.9bn (PKR 8…
Karachi, August 17, 2023 (PPI-OT): ENGRO – Lower than expected pay-out!ENGRO just announced their 2QCY23 results, posting a consolidated EPS of PkR11.03/sh vs. LPS of PkR0.97/sh in the SPLY. On a YoY basis, the company posted a 17.98% increase in reven…
Karachi, August 17, 2023 (PPI-OT): Cements: Dispatches report 21% MoM drop in JulyCement dispatches for Jul-2023 clocked in at 3.2mn tons depicting a 21% MoM decline. Dispatches were down due to the onset of monsoon season, which dampened construction …
Karachi, August 16, 2023 (PPI-OT): KSE-100 gained 141 points yesterday, to close at 48,566with 252Mn shares being traded. Top performance as per price change was witnessed in KEL, AIRLINK and JDWS. Top decliners LOTCHEM, FCEPL and OGDC. Activity was ma…
Karachi, August 16, 2023 (PPI-OT): PKR depreciation and POL prices could alter monetary policy outlookDepreciating PKR and rising international (and consequently domestic) POL prices are beginning to alter the shape of inflation expectations, which cou…