Karachi, September 05, 2023 (PPI-OT): CHCC: 4QFY23 Result Review- Higher taxation hit earningsCherat Cement Company Limited (CHCC) announced their 4QFY23 result where the company posted PAT of PkR93mn (EPS: PkR0.5), a decline of 93%/91% QoQ/YoY. The de…

Karachi, September 05, 2023 (PPI-OT): KSE-100 gained 395-point yesterday, to close at 45,707 with 139Mn shares being traded. Top performance as per price change was witnessed in ATRL, PGLC and PABC. Top decliners JDWS, ARPL and INDU. Activity was mainl…

Karachi, September 05, 2023 (PPI-OT): KSE-100_Index surges amidst low volumesMarket View – TechnicalThe index opened on a positive note and faced a bullish session. The local bourse posted a high of 476pts and concluded with a gain of 395pts to settle …

Karachi, September 05, 2023 (PPI-OT): KSE-100 likely to re-test resistance at the 50-DMAKSE-100 index witnessed another positive session to close at 45,707, up 395 points DoD. Volumes stood at 139mn shares versus 162mn shares traded previously. The ind…

Karachi, September 05, 2023 (PPI-OT): Fertilizers: Offtake expected to improve in Aug-2023We expect Urea sales in Aug-2023 to clock in at 650k tons, up 18% YoY, taking 8MCY23 offtake up 3% YoY. Similarly, DAP offtake for Aug-2023 is expected to clock i…

Karachi, September 04, 2023 (PPI-OT): KSE-100 lost 526-point yesterday, to close at 46,245 with 200Mn shares being traded. Top performance as per price change was witnessed in INIL, MUREB and THALL. Top decliners KAPCO, HCAR and AVN. Activity was mainl…

Karachi, September 04, 2023 (PPI-OT): Fuel price hikes and falling PKR imply burden on prospective CPIAug-2023 CPI clocked in at 27.4% YoY, lower than street estimates as MoM increase came in at 1.7% vs estimate of 2.83% MoM. This was in contrast to tr…

Karachi, September 04, 2023 (PPI-OT): KSE-100 – Pullback inside the band is likelyThe index opened on a flat note and faced a volatile session. The local bourse posted a low of 207pts, a high of 356pts and concluded with a gain of 310pts to settle at 4…

Karachi, September 04, 2023 (PPI-OT): KSE-100; Consolidation expected below the 50-DMAKSE-100 index witnessed a volatile session to close at 45,313, up 310 points. Volumes stood at 162mn shares versus 287mn shares traded previously. The index is expect…

Karachi, September 04, 2023 (PPI-OT): Aug-23: Headline CPI Clocks in at +27.4%y/y Amid Higher Food and Utility PricesRecent inflation data released by Pakistan Bureau of Statistics (PBS), shows for the month of Aug-23, headline CPI registered a +27.4%y…