Karachi, August 27, 2019: Indus Motor Company Limited (IMC) posted 16 percent YoY decline in its 4QFY19 earnings, reporting EPS of Rs43.9 which is above our expectations mainly due to lower effective tax rate charged in 4QFY19. Company has also declared DPS of Rs27.50/share in addition to DPS of PKR87.50/share already paid during the year,…
Karachi, August 7, 2019: Pakistan Stock Exchange was remained negative on Wednesday. Index closed at day’s low at -771 points (unadjusted), which was caused by a host of factors including weak economy, confrontation between Pakistan & India on Kashmir issue and poor results. Redemption at mutual funds kept the flow of selling across the board….
Islamabad, July 17, 2019: Pakistan’s current account deficit declined sharply 32 percent during the last fiscal year (FY19) due to regulatory reforms to cut the import bill. According to State Bank of Pakistan (SBP), Pakistan current account deficit was $ 13.587 billion in FY19 compared to $19.897 billion in FY18, showing a declined of $…
Karachi, July 15, 2019: Foreign Direct Investment (FDI) falls by 50 percent in Pakistan for full-year FY19 (July-Jun19), totalling US 1.737 billion, versus US 3.471 billion that recorded in FY18. There was a net selling from foreign funds recorded in Capital Markets that stood at US 415 million. Read More: Vulnerabilities in external and fiscal…
Karachi, July 5, 2019: Pakistan Stock Exchange on a negative note with -45pts and continued the downtrend, which ended -323pts and merely ~20 million shares by the end of the first session. The second session contributed an additional 30 million shares to end the total volume traded with 51 million shares. Fertilizer, O&GMCs, Cement, Banks and…