Karachi, May 11, 2019: VIS Credit Rating Company Limited (VIS) has assigned initial entity ratings to Pakistan Mortgage Refinance Company Limited (PMRC) of ‘AAA/A-1+’ (Triple A/A-One Plus). Outlook on the assigned ratings is ‘Stable”. The long-term rating of ‘AAA’ indicates the highest credit quality; the risk factors are negligible, being only slightly more than for…
Karachi, May 10, 2019: The market declined further today and traded below 35k level throughout the day. During the session, the index lost a total of 240 points but recovered slightly by the end to show a net decline of 180pts (unadjusted). Cement, Banks, OMCs, Refinery and E&P contributed to selling pressure. Overall volumes remained…
Karachi, May 10, 2019: The global insurance industry has evolved rapidly over the past decades, to play a key role in protecting the health, lives, and assets of individuals and communities all over the world. While it continues to achieve tremendous growth in every region, its pace of growth in Pakistan has remained quite slow,…
By Kashan Bhatti The gaming world is buzzing with excitement as Fortnite, the wildly popular battle royale game developed by Epic Games, launches its much-anticipated Season 9. With a slew of thrilling changes and updates, players from around the globe are strapping in for a brand-new gaming experience. Fortnite Season 9 brings a futuristic and…
Karachi, May 9, 2019: Topline research revises down Pak Suzuki (PSMC) earnings estimate post-1Q2019 financial result, incorporating the changes due to the considerable deviation of results from our estimates amid a deterioration in margins. According to topline research earn per share estimate of Rs21.5/Rs35.58 for 2019E/2020E to LPS of Rs (15.6)/(6.6). Below Expectation 1Q2019 results:…