Pakistan Stocks

Morning News (16th Oct’23) Politics & Economy 1. IMF countries to boost funding by year-end  https://epaper.brecorder.com/2023/10/15/1-page/974392-news.html Neutral 2. AIIB and World Bank approve $600m for Rise-II  https://www.dawn.com/news/1781159/aiib-and-world-bank-approve-600m-for-rise-ii Positive 3. All registered parties can take part in general elections: caretaker PM https://www.dawn.com/news/1780944/all-registered-parties-can-take-part-in-general-elections-caretaker-pm Neutral 4. Pakistan flood relief; $400m WB loan not in jeopardy, says ministry  https://epaper.brecorder.com/2023/10/16/1-page/974457-news.html Neutral 5. Pakistan set to meet key IMF targets: SBP  https://www.thenews.com.pk/print/1118949-pakistan-set-to-meet-key-imf-targets-sbp Neutral 6. Petrol price slashed by Rs40, HSD’s by Rs15  https://epaper.brecorder.com/2023/10/16/1-page/974455-news.html Neutral 7. Pakistan, China likely to ink more highway deals  https:/...

 Morning News (13th Oct'23) Politics & Economy 1. IMF’s Fiscal Monitor report https://epaper.brecorder.com/2023/10/13/1-page/974212-news.html Neutral 2. SIFC body seeks ‘Merit Order’ for gas supply https://epaper.brecorder.com/2023/10/13/1-page/974213-news.html Neutral 3. PC moves to quicken SOEs’ sell-off process https://epaper.brecorder.com/2023/10/13/1-page/974214-news.html Neutral 4. Minister says work on CPEC expedited https://epaper.brecorder.com/2023/10/13/12-page/974300-news.html Neutral 5. SECP registers 2,477 new companies in Sept https://www.thenews.com.pk/print/1118689-secp-registers-2-477-new-companies-in-sept Neutral 6. Govt defers privatization of two LNG power plants https://www.thenews.com.pk/print/1118638-govt-defers-privatization-of-two-lng-power-plants Neutral 7. KATI demands release of subsidies https://www.thenews.com.pk/print/1118696-kati-demands-release-of-subsidies Neutral Sector & Company Related 8. Master Changan Pakistan exports ...

 Distribution, Payouts & X Dates (Updated as per Quotation) PAKOXY HAS ANNOUNCED 18.96% Right issue at a price 44/- per share COMMENCEMENT OF TRADING 11-10-2023 LAST DAY OF TRADING OF RIGHT SHARES 02-11- 2023 LAST PAYMENT DATE 09-11-2023  TREET HAS ANNOUNCED 107.602%  (R) Right shares at a price 13/- per share MCBAH HAS ANNOUNCED 55% (F) DIVIDEND  EX-DATE: 12/10/2023 MFL HAS ANNOUNCED 5% (F) *DIVIDEND EX-DATE: 12/10/2023 MUREB HAS ANNOUNCED 50% (F) DIVIDEND  EX-DATE: 12/10/2023 ACPL HAS ANNOUNCED 60% (i) DIVIDEND  EX-DATE: 12/10/2023 PIM HAS ANNOUNCED 4.557% (F) DIVIDEND  EX-DATE: 12/10/2023 SITC HAS ANNOUNCED 100% (F) DIVIDEND  EX-DATE: 12/10/2023 FIMM HAS ANNOUNCED 50% (F) *DIVIDEND EX-Date: 12/10/2023 ISIL HAS ANNOUNCED 20% (i) DIVIDEND LAST DAY BEFORE X 12/10/2023 EX-DATE: 13/10/2023 ADMM HAS ANNOUNCED 35% (F) DIVIDEND LAST DAY BEFORE X 12/10/2023 EX-DATE: 13/10/2023 CPPL HAS ANNOUNCED 20% (F) DIVIDEND LAST DAY BEFORE X 12/10/2023 EX-DAT...

  Morning News (12th Oct'23) Politics & Economy 1. IMF sees slight rise in govt expenditur 2. WB set to provide privatisation template to Islamabad within a week https://www.thenews.com.pk/print/1118318-wb-set-to-provide-privatisation-template-to-islamabad-within-a-week Neutral 3. ‘Selling govt share in Reko Diq to KSA’ Neutral 4. Rabi Season 2023-24 Neutral 5. Pakistan-Russia shipping service faces bank hurdles https://www.thenews.com.pk/print/1118356-pakistan-russia-shipping-service-faces-bank-hurdles Neutral 6. Agro, food exports surge 37.4pc in July-Sept https://www.thenews.com.pk/print/1118360-agro-food-exports-surge-37-4pc-in-july-sept Neutral 7. ‘B’ Category: Authorisation of 5 forex cos suspended https://www.brecorder.com/news/40267685/b-category-authorisation-of-5-forex-cos-suspended Neutral 8. ‘External factors’ seen behind fake CNICs to aliens https://www.dawn.com/news/1780640/external-factors-seen-behind-fake-cnics-to-aliens Neutral 9. Pakistan, ...

 Morning News (11th Oct'23) Politics & Economy 1. IMF lowers Pakistan’s GDP forecast to 2.5pc https://www.thenews.com.pk/print/1117992-imf-lowers-pakistan-s-gdp-forecast-to-2-5pc Neutral 2. ECC forms core group on food inflation https://www.brecorder.com/news/40267502/ecc-forms-core-group-on-food-inflation Neutral 3. Govt to borrow Rs10.66tr in Q2 through domestic debt market https://www.thenews.com.pk/print/1118018-govt-to-borrow-rs10-66tr-in-q2-through-domestic-debt-market Neutral 4. Employees of power sector entities https://epaper.brecorder.com/2023/10/11/1-page/974098-news.html Neutral 5. CPEC projects in Gwadar: minister reviews progress of work https://epaper.brecorder.com/2023/10/11/1-page/974005-news.html Neutral 6. SAB retransferred to industries ministry https://epaper.brecorder.com/2023/10/11/1-page/974094-news.html Neutral 7. Remittances rise slightly in Sept, but still lag behind last year https://www.thenews.com.pk/print/1118015-remittances-rise-sl...

  Morning News (10th Oct'23) Politics & Economy 1. PM advocates a ‘national dialogue’ https://epaper.brecorder.com/2023/10/10/1-page/973914-news.html Neutral 2.  PKR strengthens further https://epaper.brecorder.com/2023/10/10/1-page/973923-news.html Positive 3. Oil prices surge on worries of escalation https://epaper.brecorder.com/2023/10/10/1-page/973918-news.html Neutral 4. WB for taxation of agri income, property https://epaper.brecorder.com/2023/10/10/1-page/973913-news.html Neutral 5. TDAP says textile exports need innovation, non-traditional markets https://www.thenews.com.pk/print/1117709-tdap-says-textile-exports-need-innovation-non-traditional-markets Neutral 6. Wheat crisis spurs govt to aim for record 33 million tonnes harvest in 2023-24 https://www.thenews.com.pk/print/1117704-wheat-crisis-spurs-govt-to-aim-for-record-33-million-tonnes-harvest-in-2023-24 Neutral 7. Pakistan committed to accelerating CPEC projects: minister https://www.thenews.com.p...

  Distribution, Payouts & X Dates (Updated as per Quotation) PAKOXY HAS ANNOUNCED 18.96% (*) Right issue at a price 44/- per share COMMENCEMENT OF TRADING 11-10-2023 LAST DAY OF TRADING OF RIGHT SHARES 02-11- 2023 LAST PAYMENT DATE 09-11-2023 TOMCL HAS ANNOUNCED 10% (B) EX-DATE:   TREET HAS ANNOUNCED 107.602%  (R) Right shares at a price 13/- per share OTSU HAS ANNOUNCED 15% (F) DIVIDEND LAST DAY BEFORE X EX-DATE DOL HAS ANNOUNCED 20% (F) DIVIDEND LAST DAY BEFORE X 09/10/2023 EX-DATE: 10/10/2023 TATM HAS ANNOUNCED 30% (F) DIVIDEND LAST DAY BEFORE X 09/10/2023 EX-DATE: 10/10/2023 NATF HAS ANNOUNCED 50% (2.50 Rs.)(F) DIVIDEND LAST DAY BEFORE X 10/10/2023 EX-DATE: 11/10/2023 MECTER HAS ANNOUNCED 5.40%(F) DIVIDEND LAST DAY BEFORE X 10/10/2023 EX-DATE: 11/10/2023 MCBAH HAS ANNOUNCED 55% (F) DIVIDEND LAST DAY BEFORE X 11/10/2023 EX-DATE: 12/10/2023 MFL HAS ANNOUNCED 5% (F) DIVIDEND LAST DAY BEFORE X 11/10/2023 EX-DATE: 12/10/2023 MUREB HAS ANNOUNCED 50% (F) DIVIDEND L...

  Morning News (9th Oct'23) Politics & Economy 1. IMF, World Bank meetings: Shamshad-led team leaves for Morocco https://www.brecorder.com/news/40267124/imf-world-bank-meetings-shamshad-led-team-leaves-for-morocco Neutral 2. SIFC seeks information from govts https://epaper.brecorder.com/2023/10/07/1-page/973686-news.html Neutral 3. Package for industry on the cards https://epaper.brecorder.com/2023/10/09/1-page/973835-news.html Neutral 4. SME Bank may stay as SIFC seeks a reactivation plan https://epaper.brecorder.com/2023/10/09/1-page/973828-news.html Neutral 5. SECP issues warning against illegal investment scheme https://www.dawn.com/news/1779950/secp-issues-warning-against-illegal-investment-scheme Neutral 6. Surge in Afghan transit cargo raises smuggling concerns https://www.dawn.com/news/1779952/surge-in-afghan-transit-cargo-raises-smuggling-concerns Neutral 7. Actions to continue with full force: COAS https://epaper.brecorder.com/2023/10/07/1-page/973684-n...

Morning News (6th Oct'23) Politics & Economy 1. CJP questions tax imposition by cantonment board https://www.thenews.com.pk/print/1116423-cjp-questions-tax-imposition-by-cantonment-board Neutral 2. Jilani meets Chinese FM https://epaper.brecorder.com/2023/10/06/3-page/973596-news.html Neutral 3. Foreign debt ratio rises to 38.3pc of total public debt in a year https://www.thenews.com.pk/print/1116420-foreign-debt-ratio-rises-to-38-3pc-of-total-public-debt-in-a-year Neutral 4. SPB says bank deposits over Rs500,000 are safe https://www.thenews.com.pk/print/1116470-spb-says-bank-deposits-over-rs500-000-are-safe Neutral 5. SBP forex reserves fall by $21m to $7.615bn https://www.thenews.com.pk/print/1116472-sbp-forex-reserves-fall-by-21m-to-7-615bn Neutral 6. PSM to be privatised on G2G basis https://epaper.brecorder.com/2023/10/06/1-page/973582-news.html Neutral 7. PLL awards LNG tender to Vitol, first spot purchase in over a year https://www.thenews.com.pk/print/1116474...

 Distribution, Payouts & X Dates (Updated as per Quotation) PAKOXY HAS ANNOUNCED 18.96% (*) Right issue at a price 44/- per share COMMENCEMENT OF TRADING 11-10-2023 LAST DAY OF TRADING OF RIGHT SHARES 02-11- 2023 LAST PAYMENT DATE 09-11-2023 TOMCL HAS ANNOUNCED 10% (B) EX-DATE:   TREET HAS ANNOUNCED 107.602%  (R) Right shares at a price 13/- per share OTSU HAS ANNOUNCED 15% (F) DIVIDEND LAST DAY BEFORE X EX-DATE GOC HAS ANNOUNCED 25% (F) DIVIDEND  EX-DATE: 05/10/2023 SPEL HAS ANNOUNCED 10% (F) DIVIDEND  EX-DATE: 05/10/2023 GIL HAS ANNOUNCED 30% (F) DIVIDEND LAST DAY BEFORE X 04/10/2023 EX-DATE: 05/10/2023 MACFL HAS ANNOUNCED 15% (F) DIVIDEND LAST DAY BEFORE X 05/10/2023 EX-Date: 06/10/2023 HUBC HAS ANNOUNCED 60% (F) DIVIDEND LAST DAY BEFORE X 05/10/2023 EX-DATE: 06/10/2023 DOL HAS ANNOUNCED 20% (F) DIVIDEND LAST DAY BEFORE X 09/10/2023 EX-DATE: 10/10/2023 TATM HAS ANNOUNCED 30% (F) DIVIDEND LAST DAY BEFORE X 09/10/2023 EX-DATE: 10/10/2023 NATF HAS ANN...

  Morning News (5th Oct'23) Politics & Economy 1. COAS, US Defense Secy discuss regional developments https://epaper.brecorder.com/2023/10/05/24-page/973570-news.html Neutral 2. Top SIFC body keen to speed up privatisation of loss-making SOEs https://www.thenews.com.pk/print/1116160-top-sifc-body-keen-to-speed-up-privatisation-of-loss-making-soes Neutral 3. First review under SBA becomes due: Ministries spurred into action https://epaper.brecorder.com/2023/10/05/1-page/973493-news.html Neutral 4. ‘Washing preparation’: FBR to charge 20pc import duty https://epaper.brecorder.com/2023/10/05/1-page/973491-news.html Neutral 5. 500bps hike in policy rate adds Rs300bn to domestic debt: MoF https://epaper.brecorder.com/2023/10/05/1-page/973494-news.html Neutral 6. Afghanistan transit trade agreement: MoC allows transportation of goods already landed at Karachi https://epaper.brecorder.com/2023/10/05/1-page/973495-news.html Neutral 7. Jan-Jun 2024: PPRA allows PLL to bu...

 Morning News (4th Oct'23) Politics & Economy 1. Govt tells illegal immigrants to leave by Nov 1 https://www.thenews.com.pk/print/1115715-govt-sets-nov-1-deadline-for-illegal-immigrants-to-leave-country Neutral 2. 3rd Belt and Road Forum: Over 2 dozen pacts likely to be signed https://epaper.brecorder.com/2023/10/04/1-page/973402-news.html Neutral 3. Monetary easing likely in 2H of FY24 as inflation declines https://www.thenews.com.pk/print/1115724-monetary-easing-likely-in-2h-of-fy24-as-inflation-declines Neutral 4. Fiscal adjustment hamstrung by interest payments https://epaper.brecorder.com/2023/10/04/1-page/973405-news.html Neutral 5. WB revises growth downward to 1.7pc https://epaper.brecorder.com/2023/10/04/1-page/973406-news.html Neutral 6. Certain tax policies discourage investment in tradable sector: WB https://epaper.brecorder.com/2023/10/04/1-page/973408-news.html Neutral 7. WB projects primary balance at negative 0.4pc https://epaper.brecorder.com/20...

Distribution, Payouts & X Dates (Updated as per Quotation) PAKOXY HAS ANNOUNCED 18.96% (*) Right issue at a price 44/- per share COMMENCEMENT OF TRADING 11-10-2023 LAST DAY OF TRADING OF RIGHT SHARES 02-11- 2023 LAST PAYMENT DATE 09-11-2023 TOMCL HAS ANNOUNCED 10% (B) EX-DATE:   TREET HAS ANNOUNCED 107.602%  (R) Right shares at a price 13/- per share OTSU HAS ANNOUNCED 15% (F) DIVIDEND LAST DAY BEFORE X EX-DATE GOC HAS ANNOUNCED 25% (F) DIVIDEND LAST DAY BEFORE X 04/10/2023 EX-DATE: 05/10/2023 SPEL HAS ANNOUNCED 10% (F) DIVIDEND LAST DAY BEFORE X 04/10/2023 EX-DATE: 05/10/2023 GIL HAS ANNOUNCED 30% (F) DIVIDEND LAST DAY BEFORE X 04/10/2023 EX-DATE: 05/10/2023 MACFL HAS ANNOUNCED 15% (F) DIVIDEND LAST DAY BEFORE X 05/10/2023 EX-Date: 06/10/2023 HUBC HAS ANNOUNCED 60% (F) DIVIDEND LAST DAY BEFORE X 05/10/2023 EX-DATE: 06/10/2023 DOL HAS ANNOUNCED 20% (F) DIVIDEND LAST DAY BEFORE X 09/10/2023 EX-DATE: 10/10/2023 TATM HAS ANNOUNCED 30% (F) DIVIDEND LAST DAY BEFORE X 09/1...

Government of Pakistan Finance Division   Federal Minister for Finance, Revenue, and Economic Affairs Dr. Shamshad Akhtar presided over a meeting of the Economic Coordination Committee (ECC) of the Cabinet, today.  The meeting was attended by Minister for Commerce, Industries, & Production, Mr. Gohar Ijaz, Minister for Communications, Railways, & Maritime Affairs, Mr. Shahid Ashraf Tarar, Minister for Power & Petroleum, Mr. Muhammad Ali, Minister for IT & Telecom, Dr Umar Saif, Advisor to PM on Finance, Dr. Waqar Masood, Chairman SECP, Federal Secretaries, and other senior government officials of the relevant ministries. The meeting discussed and reviewed the performance and trends of key economic indicators including CPI of various essential items presented by Ministry of Planning, Development, and Special Initiatives. The meeting decided to constitute a Core group comprising Secretary Planning, Commerce, Food Security and Industry with the mandate to presen...

  Important Decisions of the Apex Committee The Apex Committee has made the following significant decisions in response to the expectations of the Pakistani people: 1. All foreign nationals residing in Pakistan illegally are hereby cautioned to depart from the country by October 31, 2023. 2. Starting from November 1, 2023, federal and provincial law enforcement agencies will take all necessary measures to effectuate the apprehension and forceful deportation of all unlawfully residing foreigners. 3. Effective from October 10, 2023, travel across the Pakistan-Afghanistan border will require a computerized identity card (E-Tazkira), and from November 1, 2023, only passport and visa holders will be allowed passage. All other forms of documentation will be deemed invalid for cross-border travel. 4. Commencing November 1, 2023, businesses and properties owned by illegal foreigner will be confiscated, and legal action will be taken against both these unlawful business operators and their...

 Distribution, Payouts & X Dates (Updated as per Quotation) PAKOXY HAS ANNOUNCED 18.96% (*) Right issue at a price 44/- per share COMMENCEMENT OF TRADING 11-10-2023 LAST DAY OF TRADING OF RIGHT SHARES 02-11- 2023 LAST PAYMENT DATE 09-11-2023 TOMCL HAS ANNOUNCED 10% (B) EX-DATE:   TREET HAS ANNOUNCED 107.602%  (R) Right shares at a price 13/- per share OTSU HAS ANNOUNCED 15% (F) DIVIDEND LAST DAY BEFORE X EX-DATE GOC HAS ANNOUNCED 25% (F) DIVIDEND LAST DAY BEFORE X 04/10/2023 EX-DATE: 05/10/2023 SPEL HAS ANNOUNCED 10% (F) DIVIDEND LAST DAY BEFORE X 04/10/2023 EX-DATE: 05/10/2023 GIL HAS ANNOUNCED 30% (F) DIVIDEND LAST DAY BEFORE X 04/10/2023 EX-DATE: 05/10/2023 MACFL HAS ANNOUNCED 15% (F) DIVIDEND LAST DAY BEFORE X 05/10/2023 EX-Date: 06/10/2023 HUBC HAS ANNOUNCED 60% (F) DIVIDEND LAST DAY BEFORE X 05/10/2023 EX-DATE: 06/10/2023 DOL HAS ANNOUNCED 20% (F) DIVIDEND LAST DAY BEFORE X 09/10/2023 EX-DATE: 10/10/2023 TATM HAS ANNOUNCED 30% (F) DIVIDEND LAST DAY BEFORE ...