Investor optimism drives the buying rally at the Pakistan Stock Exchange, as the benchmark KSE-100 Index jumped nearly 1,000 points during early trade Wednesday. At 9:50am, the index was seen at 166,482.33 points, recording an increase of 988.75 points or 0.60 percent in the opening session. Strong buying was reported in automobile, banking, fertilizer, oil…
Nishat Mills Limited (NML) recorded unconsolidated profit of Rs1,174 million (EPS: Rs3.34) in 4QFY25, up 15% YoY, compared to earnings of Rs1,021 million in 4QFY24 (EPS: Rs2.90). The result came in lower than expectations due to lower-than-expected sales and a higher-than-expected effective tax rate. Net sales rose 9% YoY while falling 4% QoQ to Rs43bn…
The KSE-100 Index concluded the session on a robust note, settling at 165,493 after recording a notable gain of 1,645 points or 0.66%. A strong bullish momentum dominated the trading day, with the benchmark index hitting an intraday high of 166,556. Market strength was largely underpinned by stellar performances from UBL, HBL, MEBL, BAHL, and…
Gul Ahmed Textile Mills has decided to close business operations of the export apparel segment due to sustained margin pressure. In a notice to Stock Exchange, the company management said that the Board of Directors of Gul Ahmed Textile Mills Limited has decided to discontinue the business operations of the Company’s Export Apparel Segment.Gul Ahmed…
Air Link Communication (AIRLINK) reported a 22% YoY growth in consolidated earnings to Rs 4.79/share in 4QFY25. This takes FY25 earnings to Rs12.01/share, up 3% YoY. This higher-than-expected result was mainly led by reversals in administrative and other expenses, as certain items previously recorded under this head were reclassified as cost of sales, as per…
Pakistan’s listed cement sector reported earnings of Rs30.91bn, up by 60% YoY and down by 8% QoQ. Sales for the cement sector remained flattish on a QoQ basis and increased by 5% YoY to Rs167.8bn in 4QFY25. Sector revenue decreased on a QoQ basis due to 6% decline QoQ in domestic dispatches. Export dispatches were…
The findings of an independent study on illicit cigarettes, conducted by Alvarez & Marsal (A&M), were shared with the media. A&M is a leading global professional services firm specializing in forensic analysis and business investigations. The report was presented by Nick Hodsman, Global Head of Anti-Illicit Trade Policy at BAT. The report adopts a unique…
The International Monetary Fund has asked Pakistan for a detailed report on anti-money laundering measures during continuing negotiations for the seven billion dollar loan program. Officials said IMF wants updates on the Governance and Corruption Risk Assessment Report along with establishment of provincial enforcement agencies against money laundering and corruption. The lender will also seek…
The Organic Meat Company (TOMCL) has posted a net loss of Rs30 million in 4QFY25, possibly drop in exports. The company announced results on Monday where in the company posted net loss of Rs30mn (LPS Rs0.2) as compared to net earnings of Rs156mn (EPS Rs0.9) during the same period last years.Stock Market Continues Momentum During…
The bulls kept their grip firm at the Pakistan Stock Exchange (PSX) on Monday, with the benchmark index soaring to an intraday high of 1,646 points before closing at 163,847 — up 1,590 points or 0.98%. The rally was largely driven by aggressive buying from local mutual funds. NCCPL data shows that mutual funds were…