Karachi, July 31, 2023 (PPI-OT): KSE-100; A short term correction is due – stay cautiousBulls dominated the session as KSE-100 index closed at 47,077, up 394 points. Volumes stood at 455mn shares versus 430mn shares traded previously. The index is expe…

Karachi, July 31, 2023 (PPI-OT): KSE-100_Continues to post higher highsMarket View – TechnicalThe index opened on a positive note and remained bullish throughout the last trading session. The local bourse posted a high of 711pts and concluded with a ga…

Karachi, July 31, 2023 (PPI-OT): Comparing 47,000 of Nov-2021 vs 47,000 of todayHaving gained 18% in 22 sessions, KSE-100 closed above 47,000 – first time since Nov-2021. We however highlight that KSE-100 index levels alone do not portray the whole pic…

Karachi, July 27, 2023 (PPI-OT): Positive momentum continues, KSE-100 up 2.5% WoWFollowing last week’s momentum, investor optimism remained strong throughout this week. KSE-100 index closed the week at 47,077, up 1,156 points Wows. Index crossed the 47…

Karachi, July 27, 2023 (PPI-OT): Weekly ReviewThe outgoing week continued its bullish run, with the KSE-100 starting the week at 45,920.73pts, continuing the move upwards to close at 47,076.99pts (1,156.26pts, 2.5%WoW). Investor sentiments remained pos…

Karachi, July 27, 2023 (PPI-OT): KSE-100 up 363 points yesterday, to close at 46,417 with 319Mn shares being traded. Top performance as per price change was witnessed in HBL, HCAR and FCEPL. Top decliners JDWS, BNWM and PGLC. Activity was mainly concen…

Karachi, July 27, 2023 (PPI-OT): EFERT: Healthy margins hurt by high taxationEFERT just announced their 2QCY23 results, posting a consolidated PAT of PkR1.1bn (EPS: PkR0.79/sh) vs. LAT of PkR0.1bn (LPS: PkR0.07/sh) in the SPLY. On a QoQ basis, the comp…