The Syndicate: Investment & Tax Consultant

The Syndicate: Investment & Tax Consultant Investment & Tax Consultant

Happy Independence Day...
13/08/2023

Happy Independence Day...

The KSE 100 Index experienced a predominantly negative trading session, resulting in a close at the 41,330 level, repres...
17/03/2023

The KSE 100 Index experienced a predominantly negative trading session, resulting in a close at the 41,330 level, representing a decline of 0.87%. The index was positively influenced by the collective contributions of DAWH, LOTCHEM, UNITY, HMB, and SNGP, which added 32 points to the index. However, SYS, PSEL, FFC, HBL, and HUBC all experienced losses, causing the index to decrease by 232 points. The FTSE rebalance on this day resulted in above-average trading volumes for SYS (included in the FTSE small-cap), FFC (deleted from the small-cap), DGKC (deleted from the small-cap), and SEARL (deleted from the small-cap). The trading volume and value for the day were 172 million shares and Rs. 8 billion, respectively. HBL was the volume leader for the day with approximately 9.2 million shares traded.

check out this PDF file containing Engo Powergen Qadirpur Limited profitability and dividend information for the last se...
13/03/2023

check out this PDF file containing Engo Powergen Qadirpur Limited profitability and dividend information for the last seven years.

Hub Power Company Limited (Hubco) has reported a significant growth in profitability and strong dividend payouts. With c...
07/03/2023

Hub Power Company Limited (Hubco) has reported a significant growth in profitability and strong dividend payouts. With consolidated revenues growing by 78% and dividends paid in the first two quarters of FY 2022-2023, Hubco is an attractive investment opportunity for those seeking stable returns.

Pakistan's KSE100 index experienced a positive day, with blue-chip stocks being purchased and contributing to a 0.64% in...
03/03/2023

Pakistan's KSE100 index experienced a positive day, with blue-chip stocks being purchased and contributing to a 0.64% increase, closing at 40,671, up 258 points. The energy and power, banking, and fertilizer sectors performed well and had a positive impact on the index, with companies such as POL, EFERT, UBL, ENGRO & HUBC contributing 260 points cumulatively. However, some companies, including TRG, LUCK, and PSEL, experienced some profit taking, resulting in an 89-point loss collectively.

During the trading hours, the Pakistani Rupee lost 6.66% against the US Dollar, closing the day at 285.09 in interbank trading compared to 266.11 the day before. The trading volume was over 152 million shares, with a total value of Rs8.1bn, and WTL led the volumes chart with the trading of 12.6mn shares.

In today's Monetary Policy Statement, the State Bank of Pakistan (SBP) increased the policy rate by 300 basis points, bringing it to 20%. The discount rate has reached its highest level since the early 1990s, at 21%.

The Pakistan equities experienced a bearish trend during the day, as reflected by the KSE100 index opening and settling ...
23/02/2023

The Pakistan equities experienced a bearish trend during the day, as reflected by the KSE100 index opening and settling in the red zone, and closing at 40,838 (-329 points; down 0.80%). attributed to the recent Treasury Bills auction, which resulted in a significant increase in yields across various tenures, i.e., 3, 6 & 12 months, by approximately 200 basis points. The sudden rise in cutoffs of different Zero Coupon Bonds has raised concerns about a potential increase in interest rates (by 1-2%) at the upcoming Monetary Policy Meeting scheduled on Mar 16, 2023, as suggested by market vibes.

The Tech, E&P, and Banking sectors remained the main contributors to the index's negative performance, with PPL, HBL, OGDC, TRG & SYS cumulatively losing 169 points during the day. However, HUBC, POL, and KAPCO witnessed some buying interest and collectively added 46 points to the index.

The total value of shares traded at the bourse amounted to Rs5.78bn, with over 150mn shares traded during the day. WTL emerged as the most actively traded stock with trading of 14.1mn shares.
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The KSE-100 index,increased by 1.59% to close at 39,055.65 points. The index reached an intra-day high of 1.69% or 648.1...
24/01/2023

The KSE-100 index,increased by 1.59% to close at 39,055.65 points. The index reached an intra-day high of 1.69% or 648.11 points around 3:25pm. The energy sector is driving the market rally, as a result of an expected plan to address circular debt. The central bank's Monetary Policy Committee announced a 100 basis point increase in interest rates to 17%, the highest level in 25 years.

The Pakistan equities market experienced a subdued performance today, as the KSE100 index opened in negative territory a...
23/01/2023

The Pakistan equities market experienced a subdued performance today, as the KSE100 index opened in negative territory and reached an intraday low of 38,134 (-272 points; down 0.71%).

However, investors engaged in profit-taking activities, leading the benchmark index to an intraday high of 38,553 (+145 points; up 0.38%) before closing at 38,444 (+35 points; up 0.09%) for the day.

This lackluster behavior was likely due to investors adopting a wait-and-see approach ahead of the Monetary Policy Meeting outcome, which was announced after market close and revealed a 100 basis point increase in interest rates, in line with market expectations.

Sectors such as E&P, Tech, Power and Cement positively contributed to the index, with OGDC, PPL, TRG, HUBC and LUCK cumulatively adding 130 points. Conversely, UBL, FFC, and DAWH saw some profit-taking, resulting in a collective loss of 61 points. A total of 81.2 million shares were traded, with a value of Rs 2.8 billion.

ASCR2 led the volume chart for the day, with 9.9 million shares traded.

KSE 100 Index closed at 38,407.98 on the given date, reflecting a decrease of 423.6 points (-1.09%) as compared to the p...
20/01/2023

KSE 100 Index closed at 38,407.98 on the given date, reflecting a decrease of 423.6 points (-1.09%) as compared to the previous day's close of 38,831.58. The total volume traded was 51.6 million shares, with a value of Rs 3.08 billion.

Market analysts have attributed the decline in the index to the ongoing uncertainty surrounding the International Monetary Fund (IMF) program. Despite ongoing efforts, the government has yet to resume the IMF's ninth review, as it remains indecisive on fulfilling the lender's prerequisites, such as additional revenue commitments, an increase in PDL and GST on petroleum products, and a hike in electricity and gas tariffs.

These factors have contributed to an overall sense of negativity in the market, reflected in both the stock and currency markets.

The Pakistan stock market saw an increase in buying activity on the back of news flow regarding a likely announcement of...
19/01/2023

The Pakistan stock market saw an increase in buying activity on the back of news flow regarding a likely announcement of a mini budget and hikes in electricity and gas tariffs to resume IMF's 9th review. The KSE100 index opened at 38,832 and made an intraday high at 39,065, an increase of 274 points or 0.71%.
However, profit-taking in the last trading hours caused the benchmark index to settle at 38,872, an increase of 40 points or 0.10% for the day. Exploration and Production, Technology, Chemical, and Oil Marketing Companies (E&P, Tech, Chemical & OMC) sector stocks contributed positively to the index where PPL, TRG, OGDC, COLG & SNGP added 217 points cumulatively. On the flip side, LUCK, UBL, and ENGRO saw some profit-taking and lost 62 points collectively.

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