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,…

NNR February 16, 2021

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…

NNR February 10, 2021

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:…

NNR February 10, 2021

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…

NNR February 9, 2021

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…

NNR February 9, 2021

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…

NNR February 9, 2021

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…

NNR February 9, 2021

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…

NNR February 7, 2021

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…

NNR February 7, 2021

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…

NNR February 4, 2021

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%. Pak Suzuki (PSMC) is expected…

NNR February 4, 2021

Aramex enters binding agreement to sell InfoFort to Iron Mountain

Sale aligned with Aramex’s strategy to focus on core logistics operations DUBAI, UAE: Aramex PJSC has reached a definitive and binding agreement for a subsidiary of Iron Mountain Incorporated, the…

NNR February 4, 2021