Karachi, July 18, 2023 (PPI-OT): KSE-100; Corrective trend remains intactKSE-100 index witnessed a range bound activity to close at 45,043, down 25 points DoD. Volumes stood high at 315mn shares versus 268mn shares traded previously. The current patter…
Karachi, July 18, 2023 (PPI-OT): Cements: Dispatches report a 16% YoY decline in FY23Cement dispatches for Jun-23 clocked in at 4.1mn tons showing a 23% YoY decline, taking cumulative dispatches for FY23 to 44.6mn tons, a 16% YoY decline. Dispatches we…
Karachi, July 18, 2023 (PPI-OT): 2qCY23: Banks to Report Lower EPS Owing to Higher Taxation ChargeFor the 2qCy23, we expect sector earnings (IGI coverage banking universe) to post an earnings decline of 23%q/q to PKR 56.0bn compared to PKR 72.2bn last …
Karachi, July 17, 2023 (PPI-OT): Banks: Higher volumes to support 2QCY23E core income growthWe preview 2QCY23 results for the Pakistan banks under our coverage, where we expect contraction in NIMs owing to higher cost of deposits as compared to asset r…
Karachi, July 17, 2023 (PPI-OT): KSE-100; Correction to continueKSE-100 index extended the decline to close at 45,068, down 199 points DoD. Volumes stood at 268mn shares versus 489mn shares traded previously. If the decline continues, the likely target…
Karachi, July 17, 2023 (PPI-OT): KSE-100_Faces a volatile sessionMarket View — TechnicalThe index opened on a slightly positive note and remained volatile during the last trading session. The local bourse posted a high of 221pts, a low of 224pts and co…
Karachi, July 17, 2023 (PPI-OT): KSE-100 lost 25 points yesterday, to close at 45,043 with 315Mn shares being traded. Top performance as per price change was witnessed in BOP, PSX and COLG. Top decliners RMPL, CHCC and SEARL. Activity was mainly concen…