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Arif Habib Limited

Pakistan Stock Exchange Emerges as the Top Performing Market Globally This Week

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Pakistan Stock Exchange

Pakistan Stock Exchange (PSX) named world’s best performing market for the second week in a row. PSX experienced significant growth, crossing 44,000-point mark with a gain of almost 2,800 points. Investor confidence driven by agreement with IMF and positive sector performances. Arif Habib Limited’s report reveals that the Pakistan Stock Exchange (PSX) had a remarkable … Read more

Inflation likely to jump over 30 per cent in February

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Pakistan’s Inflation surge to 3.5% in May 2025

KARACHI: The headline inflation based on the Consumer Price Index (CPI) for February 2023 is likely to settle at 30.5 per cent on a year-on-year (YoY) basis, compared with 27.6 per cent in January 2023 and 12.24 per cent in February 2022, respectively, analysts said on Monday. The analysts at the Arif Habib Limited said … Read more

Habib Bank’s fourth quarter profit rises 28 per cent

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Habib Bank’s fourth quarter profit rises 28 per cent

KARACHI: The Habib Bank Limited (HBL) on Friday announced profit-after-tax of Rs10.7 billion during the fourth quarter of the calendar year 2022, which is 28 per cent higher on a year-on-year (YoY) basis, a statement said. However, the profit-after-tax declined 7 per cent on a quarter-on-quarter (QoQ) basis. Analysts at Arif Habib Limited said the … Read more

Faysal Bank’s profit jumps 68% in fourth quarter

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Faysal Bank

KARACHI: The Faysal Bank Limited (FABL) on Thursday announced profit-after-tax of Rs3.6 billion for the fourth quarter ended December 31, 2022, 68 per cent higher on a year-on-year basis, a statement said. The earnings are also 5 per cent higher on a quarter-on-quarter (QoQ) basis, analysts at Arif Habib Limited said. This takes the profit … Read more

Pakistan’s fiscal deficit widens 23% in first half

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fiscal deficit

KARACHI: Pakistan’s fiscal balance in the first half (July-December) of the fiscal year 2022/23 posted a deficit of Rs1.683 trillion, 23 per cent YoY higher than the prior year’s deficit. In terms of GDP, the deficit arrived at 2 per cent in the first half of FY23, same as the last year’s corresponding period figure, … Read more

Bulls dominate Pakistan equity market

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Bulls dominate Pakistan equity market

The benchmark KSE-100 Index closed at 40,801.50 points, up 296.74 points. Technology and communication (+49.7 points), commercial banks (+33.8 points). The volumes increased from 163.9 million shares to 214.3 million shares on Tuesday. KARACHI: The bulls took charge at the Pakistan Stock Exchange (PSX) on Tuesday. The benchmark KSE-100 Index closed at 40,801.50 points, up … Read more

PSX closes lower over uncertain macroeconomics

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PSX closes lower over uncertain macroeconomics

KARACHI: The Pakistan stocks market closed lower on Wednesday as investors opted for profit-taking owing to worsening macroeconomics of the country, analysts said. An analyst at Arif Habib Limited said that the market witnessed another mixed session. The market started in the red zone but quickly turned green and traded in a constrained range the … Read more

Pakistan bourse closes in red over economic instability, rollover week

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Pakistan bourse closes in red over economic instability, rollover week

KARACHI: The Pakistan equity market closed lower on Wednesday owing to economic uncertainty besides rollover week square-ups, analysts said. An analyst at Arif Habib Limited said that the stocks witnessed a bearish session, where the market opened in the green zone but within initial trading hours, the bears took charge from the bulls and the … Read more

PSX sheds 489 points over political noise

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PSX sheds 489 points over political noise

KARACHI: The Pakistan bourse closed in the negative zone on Wednesday after witnessing another negative session where panic selling was observed over renewed political uncertainty, analysts said. An analyst at Arif Habib Limited said that the market witnessed a negative session, where the KSE-100 Index recorded a lackluster session as investor participation remained low due … Read more

PSX closes higher after sluggish activity

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PSX

KARACHI: The Pakistan stocks exchange returned to the positive zone on Tuesday after witnessing a range-bound session owing to concerns regarding the economy of the country, analysts said. An analyst at Pearl Securities said that the bourse moved both ways with low volumes and closed in the green zone. “However, a lack of interest and … Read more

Stocks down 150 points over profit-taking

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Stocks down 150 points over profit-taking

KARACHI: The Pakistan bourse witnessed a range-bound session on Friday where the investors opted for profit-taking, which drove the market to close in a red zone.

An analyst at Topline Securities said that the equities observed a range-bound session as the KSE-100 Index traded between its intraday high of 109 points and intraday low of 151 points.

“The traded volume and value declined to 151 million shares and Rs4.63 billion, respectively. WorldCall Telecom was today’s volume leader with 11.9 million shares,” he added.

The Pakistan Stock Exchange KSE-100 shares Index shed 0.36 per cent, or 150.97 points, to close at 42,309.11 points. The KSE-30 shares Index shed 0.52 per cent, or 83.94 points, to close at 15,932.55 points.

An analyst at Arif Habib Limited said that the KSE-100 Index opened on a positive note as the cement sector led the rally.

“However, the Index nosedived in the second session as the investors opted for profit-taking. The volumes continued to decline although hefty volumes were witnessed in the third tier stocks,” he added.

As many as 344 scrips were active of which 130 advanced, 193 declined and 21 remained unchanged.

The ready market volumes stood at 160.13 million shares, compared with the turnover of 248.19 million shares in the last trading session.

The companies which reflected the highest gains included Colgate Palm up Rs60.56 to close at Rs2,395.96/share, and Premium Textile up Rs48.50 to close at Rs748/share.

The companies which reflected the most losses included Premium down Rs92.96 to close at Rs1,146.54/share, and Mehmood Textile Pakistan down Rs63.28 to close at Rs860/share.

The highest volumes were witnessed in WorldCall Telecom with a turnover of 11.93 million shares. The scrip shed 2 paisas to close at Rs1.26/share, followed by Flying Cement with a turnover of 9.71 million shares. It gained 11 paisas to close at Rs8/share. Silk Bank remained the third with a turnover of 8.95 million shares. It shed 5 paisas to finish at Rs1.25/share.

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Stocks remain range-bound over political turmoil

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Stocks remain range-bound over political turmoil

KARACHI: The Pakistan stock market opened in the negative zone on Wednesday due to the prevailing political noise, where the KSE-100 Index remained range-bound throughout the session.

An analyst at Arif Habib Limited said that the benchmark KSE-100 Index witnessed a range bound session today as the investors remained on the sidelines waiting for clarity on the political front.

“However, during the last trading hour value buying was observed in the cement sector which helped the Index to close in the green zone. The volumes remained dry in the main board although hefty volumes were witnessed in the 3rd tier stocks,” he added.

The Pakistan Stock Exchange KSE-100 shares Index gained 0.37 per cent, or 155.89 points, to close at 42,351.15 points. The KSE-30 shares Index gained 0.48 per cent, or 76.40 points, to close at 16,003.41 points.

An analyst at Pearl Securities said that the benchmark KSE-100 Index ended the month of August by gaining 2,201 points to close at 42,351 level, registering a return of 6 per cent on a monthly basis.

“The floods have racked havoc nationwide with a negative impact on the economy. Therefore, going forward, we expect the market to take direction backed by the updates of the flood situation and political inflows.

Hence, we recommend our investors adopt the “Sell on Strength” strategy in the upcoming days,” he added.

As many as 339 scrips were active of which 173 advanced, 143 declined and 23 remained unchanged.

The ready market volumes stood at 181.26 million shares, compared with the turnover of 237.67 million shares in the last trading session.

The companies which reflected the highest gains included Bhanero Textile up Rs95.62 to close at Rs1,370.62/share, and Sapphire Textile up Rs73.16 to close at Rs1,159.99/share.

The companies which reflected the most losses included Pak Services down Rs79.33 to close at Rs1,020.67/share, and Philip Morris Pakistan down Rs41.99 to close at Rs518/share.

The highest volumes were witnessed in K-Electric with a turnover of 15.13 million shares. The scrip shed 8 paisas to close at Rs3.26/share, followed by Unity Foods with a turnover of 10.97 million shares. It gained 66 paisas to close at Rs23.65/share. Engro Polymer (XD) remained the third with a turnover of 10.26 million shares. It gained Rs3.85 to finish at Rs62.27/share.

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PSX sheds 185 points over profit-taking

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Pakistan bourse remains positive over renewed sentiments

Pakistan equities market closed in a red zone on Tuesday. Analysts said investors opted for profit-taking after a range-bound session. KSE-100 shares Index shed 0.42 per cent, or 185.34 points, to close at 43,436.48 points. KARACHI: The Pakistan equities market closed in a red zone on Tuesday as the investors opted for profit-taking after a … Read more

Bond yields continue to increase

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Bond

KARACHI: Commercial banks have raised the interest rate on new borrowing for the cash-strapped government, citing a high demand for funds to satisfy budgetary expenditures and political instability preventing rulers from making difficult decisions. Though the Ministry of Finance chose to borrow 11 percent less than the target, the cut-off yields on three and five-year … Read more

Equity market closes in green on upbeat economic data

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upbeat data

KARACHI: The Pakistan Stocks on Monday showed recovery on upbeat data for shrinking current account deficit in February 2022, surging global equities and rising global crude oil prices. An analyst at Arif Habib Limited said that the Index stayed in the green zone as the current account deficit (CAD) shrank 78 per cent in February. … Read more

Bears rule over Pakistan bourse on political uncertainty

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Pakistan

KARACHI: The Pakistan Stocks closed lower on Monday amid thin trade on political uncertainty, surging government bond yield and slump in the global equities. The economic uncertainty, hike in the local power tariff and rupee instability played a catalyst role in bearish close, dealers said. An analyst at Arif Habib Limited said that a range … Read more

Stocks close lower on political and economic uncertainty

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political and economic uncertainty

KARACHI: The Pakistan bourse witnessed a volatile session on Tuesday due to political unrest and overheated commodities cycle, as the market opened in the red zone and stayed under pressure throughout the day. The cement sector stayed in the red zone due to the mounting international coal prices, while in the last trading hour, across … Read more

Power generation up 8.9% during January 2022

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Power generation

KARACHI: The power generation in Pakistan went up 8.9 per cent on a year-on-year basis to 8,797GWh (11,824 MW) during January 2022, compared to 8,079GWh (10,859 MW) during the same month last year, a report by Arif Habib Limited showed. The rise in generation was owed to higher generation from high speed diesel (HSD), nuclear, … Read more

Indus Motor posts Rs10.17 earnings in the first half of FY22

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indus motor

KARACHI: Indus Motor Company Limited (INDU) earnings recorded a growth of 111 per cent to Rs10.17 billion translating into the earnings per share (EPS) of Rs129.45 during the first half of fiscal year 2022. The company recorded a profit of Rs4.80 billion (EPS: Rs61.08) during the same period last year. During the second quarter of … Read more

Habib Bank profits grow 13% in 2021

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Habib Bank

KARACHI: The Habib Bank Limited (HBL) on Thursday declared 13 per cent growth in its net profit for the year ended December 31, 2021, a bourse filing said. The profit-after -tax of the bank increased to Rs35 billion for the year under review, compared with Rs30.89 billion in the preceding year. The bank declared the … Read more

Pakistan stocks turn red over global economic uncertainties

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Pakistan

KARACHI: The Pakistan bourse on Tuesday remained in red territory over foreign selling, surging industrial power tariff and investors’ concerns over the economic impact of the surging global oil prices. “The market remained under pressure due to the mounting international oil prices. New York’s WTI crude contract rose more than three per cent on Tuesday … Read more

Meezan Bank posts over Rs28 billion annual profit

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Meezan

KARACHI: The profit after tax of Meezan Bank Limited (MEBL) recorded a growth of 26 per cent to Rs28.23 billion for the year 2021, compared with a profit of Rs22.24 billion in the preceding year. The bank announced the earnings per share (EPS) Rs17.35 for the year ended December 31, 2021, as compared with the … Read more

No major changes likely for MSCI Pakistan Index

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msci

KARACHI: The low foreign inclusion factor remains a major reason for Pakistan’s MSCI Index to witness no major changes in the negotiations, analysts said. The MSCI has commenced consultations on the potential inclusion of MSCI Pakistan Index to the MSCI Frontier Market (FM) 100 index and MSCI FM 15 per cent Country Capped Index, a … Read more

MCB Bank declares Rs31.1 billion annual profit

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mcb bank

KARACHI: The MCB Bank net profit showed a growth of 6 per cent to Rs31.1 billion for the year 2021, compared with the earnings of Rs29.56 in the preceding year, a bourse filing said. Analysts at Arif Habib Limited said that the earnings increased on a year-on-year basis on the back of reversals in provisioning … Read more

Petroleum products sale record 19 per cent growth in January

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Businessmen resent petroleum products price hike, demands cut in taxes

KARACHI: The petroleum products sale registered a growth of 19 per cent on a year-on-year basis to reach 1.80 million tonnes in January 2022, a report issued by Arif Habib Limited showed. On a month-on-month basis, the sales of petroleum products showed a growth of 20 per cent, it added. The growth in sales is … Read more

Fauji Fertilizer profits increase 20% in 2021

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fauji fertilizer

KARACHI: Fauji Fertilizer Company Limited (FFC) has posted a 20 per cent increase in net profit to Rs35.69 billion, translating into the earnings per share (EPS) of Rs28.06 for the year ended December 31, 2021. FFC also declared a final cash dividend of Rs4.65 along with the results, which is in addition to the interim … Read more

Slowdown of FO-based power generation reduces petroleum sales

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petroleum

KARACHI: The total petroleum and lubricant sales clocked-in at 1.51million tonnes in December 2021, depicting a decline of 6 per cent on a year-on-year basis, a research report by Arif Habib Limited showed. The decline in sales volume is attributable to lower Furnace Oil (FO) requirement amid slowdown in FO based power generation, as the … Read more

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