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MCB – Corporate Briefing
MCB held its conference call today whereby they discussed the banks’ financials and its future outlook. The call was led by the CFO Mr. Hammad Khalid. Highlights: · To recall,…
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Engro Corporation Limited – Analyst Briefing Takeaways
The management of Engro Corporation Limited (ENGRO) held an analyst briefing session on 19th Feb’21 to discuss the CY20 financial result and future outlook. Highlights: · To recall, the company…
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IPO: Cellular Goods Plc begins taking investor orders
LONDON: Cellular Goods PlC began taking investor orders in an initial public offering on the London Stock Exchange. Shares in the U.K.-based company’s offering are marketed at 5 pence apiece,…
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Avanceon Limited – Corporate Briefing Takeaways
Avanceon Limited held an analyst briefing today to discuss its business and future outlook. The briefing was led by the CEO Mr. Bakhtiar Wain. Takeaways: · AVN posted earnings at…
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Amreli Steels Limited – Corporate Briefing Takeaways
The Management of Amreli Steels Limited held a Corporate Briefing Session on 10th Feb’21 to discuss the financial result and future outlook. Takeaways · ASTL posted a profit of PKR 312mn (EPS:…
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Advances, Deposits & Investments increase YoY in Jan’21
§ Total deposits of scheduled banks reached PKR 17,086bn as compared to PKR 14,672bn recorded during last year same period, marking an increase of 16.4% YoY. However, on a monthly…
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Insight — FATF: Exit from “grey list” very likely…
· Since its designation in the Financial Action Task Force (FATF) “grey list” of countries in 2018, Pakistan has made considerable progress on the recommended action items. · Between February…
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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. Takeaways · To recall the…
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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 Nov’20. At present, Pakistan has…
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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 (non-executive member), succeeding Dr. Abdulrahman…
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UAE market remains optimistic on an economic recovery in 2021
“We remain optimistic on an economic recovery in 2021, especially as the country continues to handle the pandemic crisis with vigilance.” DUBAI: The global reopening theme bode well for hard…
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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 regarding the same in this…