CPI during Jul20 is estimated to register at 8.9% as against 8.6% during Jun20 and 8.4% during Jun19. On a monthly basis, inflation is estimated to lift up by 2.1%. Sharp inflationary pressures during the month largely emanated from higher food prices and the considerable increase in domestic petroleum prices. Food inflation and transport index… Continue reading CPI estimated at 8.9% during Jul20
Author: Anum Qudsia Siddiqui
EFERT Result Review – Earnings recover amid rising off-take
Engro Fertilizers (EFERT) announced its results earlier today, posting earnings of PKR 3,886mn (EPS: PKR 2.91) during 2QCY20, up 7x QoQ compared with earnings of PKR 571mn (EPS: PKR 0.43) recorded the preceding quarter. Earnings growth largely emanated from higher off-take during the period. On a cumulative basis, the company’s earnings dipped by 38% YoY… Continue reading EFERT Result Review – Earnings recover amid rising off-take
Daily news: 30th July 2020
Good Morning The State Bank of Pakistan (SBP) sold Rs167.5 billion worth of market treasury bills at an auction on Wednesday, while the yields rose across the board. The Economic Coordination Committee (ECC) on Tuesday approved a Ministry of Energy’s proposal for revision in the prices of petroleum products on a fortnightly basis instead of… Continue reading Daily news: 30th July 2020
T-bills Auction: 29th July 2020
KASB Corporate Access: Mobilizing public capital for growth companies-lessons from London Stock Exchange and Euronext Europe
https://us02web.zoom.us/j/86462761683
Meeting ID: 864 6276 1683
Daily news: 29th July 2020
Good Morning Pakistan has received $505.5 million from the World Bank under the Resilient Institutions for Sustainable Economy (RISE) programme, which will help improve the fiscal management, strengthen the government’s stabilisation drive and finance the pandemic responses, the central bank said in a tweet on Tuesday. Moody’s Investors Service sees Pakistan to make up for… Continue reading Daily news: 29th July 2020
Pakistan cements result previews – A tough year concludes
The Pakistan Cement Industry concluded one of its toughest years during FY20 with majority of the manufacturers expected to close in red. Prime reasons for eroding profitability include: 1) lower pricing amidst an expansion-driven price war, 2) Pak Rupee depreciation inflating energy costs, 3) high interest rates in tandem with a debt-heavy balance sheet, and… Continue reading Pakistan cements result previews – A tough year concludes
Daily news: 28th July 2020
Good Morning The government will initiate tariff rationalization exercise from six economically-important sectors from next month, commerce adviser said on Monday, as the government completed two years in the office with exports on a downward trend. The rupee closed at 166.87 against the dollar, 0.23 percent up from the previous closing of 167.26 in the interbank… Continue reading Daily news: 28th July 2020
Habib Bank Limited (HBL) 2Q2020 conference call takeaways
Habib Bank Limited (HBL) held a conference call for Analysts and Investors today. The management reviewed 2Q2020 results and gave guidance regarding the future outlook of the bank. Key highlights of the conference call were: Most of the costs related to the closure of its New York branch have been incurred. HBL spent ~USD30mn in… Continue reading Habib Bank Limited (HBL) 2Q2020 conference call takeaways
FFC – earnings depict consistency amidst the pandemic
Fauji Fertilizers Company (FFC) announced its financial results earlier today, posting earnings of PKR 4,874mn (EPS: PKR 3.83) during 2QCY20 compared to PKR 5,209mn (EPS: PKR 4.09) recorded during 2QCY19, a fall of 6% YoY. On a cumulative basis, FFC’s earnings rose by 3% YoY to PKR 9,136mn (EPS: PKR 7.18) during 1HCY20. Along with… Continue reading FFC – earnings depict consistency amidst the pandemic
