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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…
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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…
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Dubai Financial Market posts net profit of AED 137.9 million in 2020
Foreign investors accounted for 50% of trading and 19% of market capitalization DUBAI: Dubai Financial Market Company (PJSC) announced its results for the financial year ending 31 December 2020, posting…
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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. This shipment is the third…
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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 MoU signed on August 21,…
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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 gas crisis, it is not…
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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 plant capacity to 10Mn tons…
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January automobile sales likely to post 44% growth
Pakistan’s auto sales (cars, LCVs and jeeps) are likely to post stunning growth of 44% YoY in January, 2021. The sales estimates exclude KIA and Hyundai numbers. Total sales during…
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Pakistan Fertilizers: All about “Yields”
Agriculture and fertilizer sector remained strong during the COVID-19 crisis. Despite challenges on supply chain front global fertilizer offtake witnessed growth of ~2% during FY20. Agriculture sector plays an important…
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Pakistan CPI falls to 5.65% YoY during January
Headline inflation declined to 5.65% YoY (down 0.21% MoM) in January, compared to 7.97% YoY in December, beating market expectations of around 6.0% YoY. Most of the sequential decline in…
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Orascom Construction gets $920 million new contract awards for Q4 2020
DUBAI: Orascom Construction (OC) announced that it has added approximately USD920 million of new awards to its backlog in Q4 2020. The estimated consolidated backlog stood at USD 5.3 billion…
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PSX 2nd best performing market in the region
Pakistan stock market emerges as 2nd best performing market in the region and 7th best performing market in the world. Historically we have seen healthy returns during the month of…