Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

PSX Closing Bell: Bit by a Dead Bee

Aug 31, 2021 (MNL): Under the influence of yesterday’s bullish trading, the local bourse opened on a positive note today. Meanwhile, positive economic development also kept investors’ sentiments upbeat. The reaffirmation of Pakistan’s sovereign credit rating

Govt invites EOI for Pakistan Steel Mills

August 31, 2021 (MLN): The government has decided to privatize Pakistan Steel Mills (PSM) and invited Expression of Interest (EOI) for the same. According to the sources, the government intends to sell 51% to 74%

PSMC: Out of the Woods

August 31, 2021 (MLN): Sharper-than-anticipated macro recovery in Pakistan benefitted Pak Suzuki Motor Company Ltd. (PSMC) as it has reported a financial turnaround, posting net profits of Rs1.1bn for 1HCY21, compared to the net loss

TPL is up to raise $500mn through REIT

August 31, 2021 (MLN): Development of construction sector is the utmost priority of the present government as the sector has been provided by all the possible facilities. This sector coupled with the rapid economic growth

FML’s profitability rises by 47% YoY in FY21

August 31, 2021 (MLN): Feroze1888 Mills Limited has revealed its financial statement today for the year ended June 30, 2021, as per which the profitability of the company surged by 47% YoY to clock in

MARI Petroleum appoints Mr. Nabeel Rasheed as CFO

August 31, 2021 (MLN): Mari Petroleum Company Limited has appointed Mr. Nabeel Rasheed as Chief Financial Officer of the company in place of Mr. Muhammad Asif, who tendered his resignation on August 26, 2021. The

PSX Closing Bell: The New Normal

August 30, 2021 (MLN): After four straight days of the bearish spell, the Pakistan Stock Exchange reversed its trend on Monday as the benchmark KSE-100 index gained 229 points to settle at 47,365-level. The Index

HUBC’s profits increase by 33% in FY21

August 30, 2021 (MLN): Hub Power Company Limited (HUBC) has wrapped FY21 on a positive note wherein the company posted 33.65% increase in net profits to Rs34.83billion (EPS: Rs25.97) for FY21 ended June 30, 2021

Weekly Market Roundup

August 29, 2021 (MLN): This week, selling pressure persisted at the local bourse as the Benchmark KSE-100 index slipped 463 points WoW due to lack of positive triggers amid rollover week and closed at the

PSX Closing Bell: Bad Moon Rising

August 27, 2021 (MLN): The Benchmark KSe-100 index slipped 227 points on Friday to close at 47,136 level due to lack of positive triggers amid ongoing roll-over week. Despite positive earnings announced by FATIMA, INIL,

FATIMA: Strong business dynamics improve profitability

August 27, 2021 (MLN): Fatima Fertilizer Company Limited (FATIMA) announced its 1HCY21 result today, posting profits of Rs9.31 billion (EPS: Rs4.44), up by 30.1% YoY when compared to Rs7.16bn (EPS: Rs3.41) recorded in 1HCY20. According

PSX Closing Bell: Bit by a Dead Bee

Aug 31, 2021 (MNL): Under the influence of yesterday’s bullish trading, the local bourse opened on a positive note today. Meanwhile, positive economic development also kept investors’ sentiments upbeat. The reaffirmation of Pakistan’s sovereign credit rating

Govt invites EOI for Pakistan Steel Mills

August 31, 2021 (MLN): The government has decided to privatize Pakistan Steel Mills (PSM) and invited Expression of Interest (EOI) for the same. According to the sources, the government intends to sell 51% to 74%

PSMC: Out of the Woods

August 31, 2021 (MLN): Sharper-than-anticipated macro recovery in Pakistan benefitted Pak Suzuki Motor Company Ltd. (PSMC) as it has reported a financial turnaround, posting net profits of Rs1.1bn for 1HCY21, compared to the net loss

TPL is up to raise $500mn through REIT

August 31, 2021 (MLN): Development of construction sector is the utmost priority of the present government as the sector has been provided by all the possible facilities. This sector coupled with the rapid economic growth

FML’s profitability rises by 47% YoY in FY21

August 31, 2021 (MLN): Feroze1888 Mills Limited has revealed its financial statement today for the year ended June 30, 2021, as per which the profitability of the company surged by 47% YoY to clock in

MARI Petroleum appoints Mr. Nabeel Rasheed as CFO

August 31, 2021 (MLN): Mari Petroleum Company Limited has appointed Mr. Nabeel Rasheed as Chief Financial Officer of the company in place of Mr. Muhammad Asif, who tendered his resignation on August 26, 2021. The

PSX Closing Bell: The New Normal

August 30, 2021 (MLN): After four straight days of the bearish spell, the Pakistan Stock Exchange reversed its trend on Monday as the benchmark KSE-100 index gained 229 points to settle at 47,365-level. The Index

HUBC’s profits increase by 33% in FY21

August 30, 2021 (MLN): Hub Power Company Limited (HUBC) has wrapped FY21 on a positive note wherein the company posted 33.65% increase in net profits to Rs34.83billion (EPS: Rs25.97) for FY21 ended June 30, 2021

Weekly Market Roundup

August 29, 2021 (MLN): This week, selling pressure persisted at the local bourse as the Benchmark KSE-100 index slipped 463 points WoW due to lack of positive triggers amid rollover week and closed at the

PSX Closing Bell: Bad Moon Rising

August 27, 2021 (MLN): The Benchmark KSe-100 index slipped 227 points on Friday to close at 47,136 level due to lack of positive triggers amid ongoing roll-over week. Despite positive earnings announced by FATIMA, INIL,

FATIMA: Strong business dynamics improve profitability

August 27, 2021 (MLN): Fatima Fertilizer Company Limited (FATIMA) announced its 1HCY21 result today, posting profits of Rs9.31 billion (EPS: Rs4.44), up by 30.1% YoY when compared to Rs7.16bn (EPS: Rs3.41) recorded in 1HCY20. According