Karachi, September 2, 2019: The domestic equity bourse underwent a decline of 2,266 points in Aug’19, translating into a negative return of 7.1 percent and 5.5 percent in USD terms; this is the worst-performing month of CY19 taking CYTD return to -19.9 percent (USD based -29.1 percent). Major reasons behind this subdued performance was heightened…
Karachi, August 2, 2019: Index closed negatively for fourth consecutive time. During the outgoing week, the KSE-100 index lost 437 points to close at 31,666 points; down by 1.4 percent WoW. Equities remained under pressure due to higher CPI inflation which was recorded at a 68-Month high of 10.3 percent as per news report. Furthermore,…
Karachi, July 13, 2019: Honda Atlas Cars Limited (HCAR) posted 77 percent YoY decline in its 1QMY20 earnings where EPS clocked in at Rs1.69. Significant decline in earnings was mainly due to massive reduction in Revenue by 25 percent YoY. According to Topline, revenues were down as volumetric sales of the company witnessed decline of…
Karachi, July 15, 2019: Pakistan Stock Exchange saw a significant decline of ~750 points during the session that is caused by uncertainty on monetary policy. As per revised schedule, SBP is set to announce monetary policy tomorrow, where consensus estimate is for a hike of 100bps. An interest rate hike in line with expectation will increase…
Karachi, July 8, 2019: The Pakistan Stock Exchange decline deepened Monday, with the KSE-100 Index sliding 447.34 points, to settle at 33,742.68. Market is pricing in the harsh reality that the economic slowdown is more likely to linger than quickly be resolved. Selling was seen across the board with Cements, E&P, and Banks contributing the…