Fauji Fertilizer Company Limited – Corporate Briefing Takeaways
The Management of Fauji Fertilizer Company Limited held a Corporate Briefing Session on 9th Feb’21 to discuss the financial result of CY20 and future outlook....
MSCI Quarterly Index Review Feb’21
Pakistan’s equity market has recorded an increase of 13.5% or 5,569pts (USD based return of 12.9%) since the last MSCI semi annual review back in...
Bank Albilad appoints Nasser bin Muhammad Al-Subaie as Chairman of the Board
RIYADH: Bank Albilad has announced the appointment of Nasser bin Muhammad Al-Subaie, as Chairman of the Board of Directors and Chairman of the Executive Committee...
UAE market remains optimistic on an economic recovery in 2021
DUBAI: The global reopening theme bode well for hard hit UAE indices as Dubai Financial Markets (DFM) index finished January up 9.4% while its Abu...
PSMC Update
Given the unfolding post-Covid scenario, along with recent volumetric growth, we believe that Pak Suzuki (PSMC) still has some upside on offer. We apprise investors...
Auto volumes to grow by 43% YoY in January
Aggregate auto volumes for the 3 major passenger car OEMs are expected at ~16.9k units in Jan-2021, which would amount to YoY growth of ~43%....
Aramex enters binding agreement to sell InfoFort to Iron Mountain
DUBAI, UAE: Aramex PJSC has reached a definitive and binding agreement for a subsidiary of Iron Mountain Incorporated, the US based global leader of information...
Dubai Financial Market posts net profit of AED 137.9 million in 2020
DUBAI: Dubai Financial Market Company (PJSC) announced its results for the financial year ending 31 December 2020, posting a net profit of AED 137.9 million,...
Widam Food imports third shipment of livestock
DOHA- QATAR: Widam Food Company, the main importer of meat to the State of Qatar, announced receiving a shipment of Sudanese 1600 heads of livestock....
HUBC initials agreement with CPPA-G in furtherance of MoU
§ According to the notice by Hub Power Company Limited (HUBC) to the PSX, CPPA-G and HUBC have initialed an agreement in furtherance of the...
Petroleum products sales rise 11% YoY during 7MFY21
Total petroleum products (POL) sales during 7MFY21 increased by 11% YoY to 11.27mn tons with growth seen across all major fuel segments. In the ongoing...
Lucky’s Pezu plant capacity to be enhanced by 3.15Mn tons pa.
§ Lucky Cement Limited (LUCK) has announced it will increase its Pezu Plant’s (located in the KPK) capacity by 3.15Mn tons pa, taking the total...