Staff Report Islamabad: In the aftermath of tariff war, initiated by US and retaliated by other nations, the Bloomberg commodity index has declined 8% in last 3 sessions. Within this, crude oil prices (brent) and Richards Bay Coal Future (April) are down by 14.3% to US$64.2/bbl and 6.1% to US$88.5/ton. The falling commodity prices shall…
Staff Report Islamabad: Pakistan and Denmark have pledged green shipping and reaffirmed their commitment to enhancing global trade competitiveness by modernizing Pakistan’s maritime infrastructure, improving port efficiency, and adopting sustainable practices. This was emphasized during a meeting between Federal Minister for Maritime Affairs, Junaid Anwar Chaudhry, and Danish Ambassador to Pakistan, Jakob Linulf here on…
Staff Report Following global market crash Pakistan Market lost 3.3% on Monday owing to the escalating tariff war initiated by USA and subsequently retaliated by other nations. After hitting a Halt when it fell 5% trading resumed after cooling period and saw some value buying At sector level, Oil and Gas exploration sector, Technology, and…
Staff Report The United States of America (USA) has imposed reciprocal tariffs on its trading partners including Pakistan, aiming to boost domestic manufacturing by making foreign imports expensive and to raise revenue. The reciprocal duties ranges from 10-48%, which reportedly is in addition to universal tariff of 10% on all countries. The reciprocal duties are…
Staff Report KSE-100 index companies posted earnings of Rs 1.62 trillion in 2024, marking a 1% year-on-year (YoY) decline from Rs 1.64 trillion in 2023. In US dollar terms, profitability stood at $5.8 billion, also down 1% YoY. Excluding Exploration & Production (E&P) companies, corporate profitability improved by 8% YoY to Rs 1.25 trillion. However,…
Staff Report ISLAMABAD: The Competition Commission of Pakistan (CCP) has granted approval for the merger of M/s Olympia Synthetics Limited (OSL) with and into M/s Olympia Industries (Private) Limited (OIL) under Section 11 of the Competition Act, 2010. The transaction involves merger of OSL, a public unlisted company engaged in the production of bulk filament…
Staff Report Pakistan’s listed pharmaceutical sector saw a significant earnings surge, rising 3.1 times to Rs24.8 billion in 2024. This profitability boost stemmed mainly from increased net sales and improved gross margins. Net sales grew by 15% year-on-year to Rs318 billion, driven by rising drug prices. In February 2024, the government deregulated non-essential drug prices,…
Staff Report KSE 100 Index increased by 4% on MoM basis, this gain can be attributed to staff level agreement with IMF, circular debt resolution plan where news flow suggest that significant progress has been made and noise that government is working on plan to reduce the electricity prices Major developments during the month were:…
Staff Report The local stock market performed strongly, with the benchmark index reaching a high of 1,588 points. It closed at 117,772 points, marking a gain of 1,139 points (0.98%). The surge was fuelled by investor optimism following a staff-level agreement with the IMF, which boosted market confidence. The market’s gains were primarily driven by…
Staff Report Islamabad: Pakistan’s economy posted a real GDP growth of 1.73% in the second quarter of FY25, compared to a revised estimate of 1.34% in the first quarter. While this is lower than the 1.97% growth recorded in 2QFY24, it is slightly better than expectations. Agriculture grew by 1.1%, led by a 6.51% increase…