All Reports

19-Nov-2019

Topline Market Review Nov 19, 2019

 

18-Nov-2019

Topline Market Review Nov 18, 2019

 

15-Nov-2019

Topline Market Weekly Review Nov 15, 2019

 

14-Nov-2019

Topline Market Review Nov 14, 2019

 

13-Nov-2019

Topline Market Review Nov 13, 2019

 

12-Nov-2019

Topline Market Review Nov 12, 2019

 

11-Nov-2019

Topline Market Review Nov 11, 2019

 

08-Nov-2019

Topline Market Weekly Review Nov 08, 2019

 

07-Nov-2019

Topline Market Review Nov 07, 2019

 

06-Nov-2019

Topline Market Review Nov 06, 2019

 

05-Nov-2019

Topline Market Review Nov 05, 2019

 

04-Nov-2019

Topline Market Review Nov 04, 2019

 

01-Nov-2019

Topline Market Weekly Review Nov 01, 2019

 

31-Oct-2019

Topline Market Monthly Review Oct 31, 2019

 

30-Oct-2019

Topline Market Review Oct 30, 2019

 

29-Oct-2019

Topline Market Review Oct 29, 2019

 

28-Oct-2019

Topline Market Review Oct 28, 2019

 

25-Oct-2019

Topline Market Weekly Review Oct 25, 2019

 

24-Oct-2019

Topline Market Review Oct 24, 2019

 

23-Oct-2019

Topline Market Review Oct 23, 2019

 

22-Oct-2019

Topline Market Review Oct 22, 2019

 

21-Oct-2019

Topline Market Review Oct 21, 2019

 

18-Oct-2019

Topline Market Weekly Review Oct 18, 2019

 

17-Oct-2019

Topline Market Review Oct 17, 2019

 

16-Oct-2019

Topline Market Review Oct 16, 2019

 

15-Oct-2019

Topline Market Review Oct 15, 2019

 

14-Oct-2019

Topline Market Review Oct 14, 2019

 

11-Oct-2019

Topline Market Weekly Review Oct 11, 2019

 

10-Oct-2019

Topline Market Review Oct 10, 2019

 

09-Oct-2019

Topline Market Review Oct 09, 2019

 

08-Oct-2019

Pakistan Fertilizer – Urea offtake to decline by 17% YoY in Sep-19 at 401k tons

 

07-Oct-2019

Topline Market Review Oct 07, 2019

 

04-Oct-2019

Topline Market Weekly Review Oct 04, 2019

 

03-Oct-2019

Topline Market Review Oct 03, 2019

 

02-Oct-2019

Topline Market Review Oct 02, 2019

 

01-Oct-2019

Topline Market Review Oct 01, 2019

Pakistan Oil Marketing – 1QFY20 sales at 26-Qtr low

 

30-Sep-2019

Topline Quarterly Review Sep 30, 2019

 

27-Sep-2019

Topline Market Weekly Review Sep 27, 2019

 

26-Sep-2019

Topline Market Review Sep 26, 2019

 

25-Sep-2019

Topline Result Review (Sep 25, 2019) PSO

Topline Market Review Sep 25, 2019

 

24-Sep-2019

Topline Market Review Sep 24, 2019

 

23-Sep-2019

Topline Market Review Sep 23, 2019

Pakistan Oil Fields (POL)-10 Year Low PE of 5.7x; Dividend Yield 15%

 

20-Sep-2019

Topline Result Review (Sep 20, 2019) MLCF

Topline Market Weekly Review Sep 20, 2019

 

19-Sep-2019

Topline Market Review Sep 19, 2019

Pakistan Automobiles – August Car sales at 62 months low; down by 41% YoY

 

18-Sep-2019

Topline Market Review Sep 18, 2019

Attock Group of Companies -Analyst Briefing

 

17-Sep-2019

Topline Market Review Sep 17, 2019

 

16-Sep-2019

Topline Market Review Sep 16, 2019

Pakistan Cement – Cement Dispatches Aug-19

Topline Result Review (Sep 16, 2019) DGKC

 

13-Sep-2019

Topline Market Weekly Review Sep 13, 2019

 

12-Sep-2019

Topline Market Review Sep 12, 2019

Topline Result Review (Sep 12, 2019) ASTL

 

11-Sep-2019

Topline Market Review Sep 11, 2019

 

06-Sep-2019

Topline Market Weekly Review Sep 06, 2019

 

05-Sep-2019

Topline Market Review Sep 05, 2019

 

04-Sep-2019

Topline Market Review Sep 04, 2019

 

03-Sep-2019

Topline Market Review Sep 03, 2019

Topline Result Review (Sep 03, 2019) PIBTL

 

02-Sep-2019

Topline Market Review Sep 02, 2019

Pakistan Fertilizer – Urea offtake to jump by 43% YoY in Aug-2019 at 616k tons

 

30-Aug-2019

Topline Market Monthly Review Aug 30, 2019

 

29-Aug-2019

Meezan Bank Limited (MEBL) – Analyst Briefing – Key Takeaways

Topline Market Review Aug 29, 2019

Pakistan Fertilizer – Companies Profits up 48% YoY in 2Q2019

Pakistan Market – GIDC Ordinance Issued

 

28-Aug-2019

Topline Market Review Aug 28, 2019

Topline Result Review (Aug 28, 2019) MEBL

 

27-Aug-2019

Topline Market Review Aug 27, 2019

Pakistan Economy – Fiscal Deficit at Record High of 8.9% in FY19

Topline Result Review (Aug 27, 2019) INDU

Topline Result Review (Aug 27, 2019) FCCL

Topline Result Review (Aug 27, 2019) PKGS

 

26-Aug-2019

Topline Market Review Aug 26, 2019

 

23-Aug-2019

Topline Market Weekly Review Aug 23, 2019

Topline Result Review (Aug 23, 2019) BOP

Topline Result Review (Aug 23, 2019) PAEL

 

22-Aug-2019

Topline Market Review Aug 22, 2019

Topline Result Review (Aug 22, 2019) AKBL

Pakistan Economy – Another big Bond Auction – Yields down 25-40bps

 

21-Aug-2019

Topline Market Review Aug 21, 2019

Topline Result Review (Aug 21, 2019) BAHL

 

20-Aug-2019

Topline Market Review Aug 20, 2019

Topline Result Review (Aug 20, 2019) ABL

Topline Result Review (Aug 20, 2019) ENGRO

Pakistan Strategy – Seeking value in a gloomy market

 

19-Aug-2019

Pakistan Automobiles – Car Sales down 42% YoY during July 2019; largest decline in 97 months

Topline Market Review Aug 19, 2019

Topline Result Review (Aug 19, 2019) ISL

Topline Result Review (Aug 19, 2019) BAFL

 

16-Aug-2019

Topline Market Review Aug 16, 2019

 

9-Aug-2019

Topline Market Weekly Review Aug 09, 2019

 

8-Aug-2019

Topline Market Review Aug 8, 2019

Topline Result Review (Aug 8, 2019) EFERT

 

7-Aug-2019

Topline Market Review Aug 7, 2019

Topline Result Review (Aug 7, 2019) MCB

Topline Result Review (Aug 7, 2019) UBL

 

6-Aug-2019

Topline Market Review Aug 6, 2019

Topline Result Review (Aug 6, 2019) FCEPL

 

5-Aug-2019

Topline Market Review Aug 5, 2019

 

2-Aug-2019

Topline Market Weekly Review Aug 02 , 2019

 

1-Aug-2019

Topline Market Review Aug 01, 2019

Pakistan Oil Marketing – Oil sales during July 2019 likely to fall by 3% YoY; Ex-FO sales remained flattish

Pakistan Fertilizer – Urea offtake to remain flat in July-2019 at 499k tons

 

31-Jul-2019

Topline Market Monthly Review Jul 31 , 2019

 

29-Jul-2019

Topline Market Review Jul 29 2019

Topline Result Review (Jul 29, 2019) POL

Topline Result Review (Jul 29, 2019) LUCK

Topline Result Review (Jul 29, 2019) FFC

 

26-Jul-2019

Topline Market Weekly Review Jul 26 , 2019

Topline Result Review (Jul 26, 2019) FFBL

 

25-Jul-2019

Topline Market Review Jul 25 2019

Flash Note Jul 25, 2019 (HBL Conference Call Notes)

Pakistan Fertilizer – Urea offtake clocked in at 2.87mn tons during 1H2019; up 5% YoY

Pakistan Economy – Govt. Bond Auction – Record Participation 3-Year Yield 14.25%

 

24-Jul-2019

Topline Market Review Jul 24 2019

Topline Result Review (Jul 24, 2019) PSMC

Topline Result Review (Jul 24, 2019) HBL

 

23-Jul-2019

Topline Market Review Jul 23 2019

Topline Result Review (Jul 23, 2019) HCAR

 

22-Jul-2019

Topline Market Review Jul 22 2019

 

19-Jul-2019

Topline Market Weekly Review Jul 19 , 2019

Pakistan Politics – PM Imran Khan visit to USA Importance for Economy and Markets

Pakistan Fertilizer-Urea prices up lesser than cost increase.

 

18-Jul-2019

Topline Market Review Jul 18 2019

 

17-Jul-2019

Topline Market Review Jul 17 2019

Topline Result Review (Jul 17, 2019) PTC

Pakistan Central Bank sees Rate & Currency stability

 

16-Jul-2019

Topline Market Review Jul 16 2019

 

15-Jul-2019

Topline Market Review Jul 15 2019

 

12-Jul-2019

Topline Market Weekly Review Jul 12, 2019

 

11-Jul-2019

Pakistan Automobiles – Auto Sales down 8% YoY in FY19 after 6 years

Topline Market Review Jul 11 2019

 

10-Jul-2019

Topline Market Review Jul 10 2019

 

9-Jul-2019

Topline Market Review Jul 09 2019

IMF Staff Report & Central Bank Governor Meeting

Pakistan Cement – Domestic sales estimated to fall in FY19 after 7 years

 

8-Jul-2019

Topline Market Review Jul 08 2019

 

5-Jul-2019

Topline Market Weekly Review Jul 05 , 2019

 

4-Jul-2019

Topline Market Review Jul 04 2019

Topline Result Review (Jul 4, 2019) KEL

Pakistan’s Another IMF program – Fiscal & monetary tightening to continue

 

3-Jul-2019

Topline Market Review Jul 03 2019

 

2-Jul-2019

Topline Market Review Jul 02 2019

Pakistan Fertilizer – Nominal growth in urea offtake 3% YoY to 625k tons

Pakistan Oil Marketing – Dismal Performance in FY19

 

1-Jul-2019

Topline Market Review Jul 01 2019

 

28-Jun-2019

Pakistan Market Strategy – Market down 22.8% in US$ in 4QFY19; In FY19 Market down 38.5% in US$

Topline Market Weekly Review Jun 28 , 2019

 

27-Jun-2019

Topline Market Review Jun 27 2019

Thatta Cement (THCCL) – Corporate Briefing – Key Takeaways

 

26-Jun-2019

Topline Market Review Jun 26 2019

 

25-Jun-2019

Topline Market Review Jun 25 2019

Pakistan Market – Another Gas Price Hike in the offing

 

24-Jun-2019

Topline Market Review Jun 24 2019

 

21-Jun-2019

Topline Market Weekly Review Jun 21 , 2019

 

20-Jun-2019

Topline Market Review Jun 20 2019

Pakistan Strategy – Energy Sector Circular Debt Second Instalment of Rs200bn On Cards

 

19-Jun-2019

Topline Market Review Jun 19 2019

 

18-Jun-2019

Topline Market Review Jun 18 2019

 

17-Jun-2019

Topline Market Review Jun 17 2019

Flash Note Jun 17, 2019 (Pakistan Central Bank Governor Press Conference Takeaways)

Amreli Steels (ASTL); Earnings revised downward, ‘HOLD’ maintained

 

14-Jun-2019

Topline Market Weekly Review Jun 14 , 2019

 

13-Jun-2019

Topline Market Review Jun 13 2019

Pakistan Automobiles – May 2019 Sales Down 18% YoY

Pakistan Budget FY20 Analysis – Stabilization and Fiscal Discipline

 

12-Jun-2019

Topline Market Review Jun 12 2019

 

11-Jun-2019

Pakistan Budget FY20 – Initial Impressions

Topline Market Review Jun 11 2019

 

10-Jun-2019

Pakistan Economic Review FY19

Topline Market Review Jun 10 2019

Pakistan Oil Marketing – May 2019 sales down 34% YoY

Pakistan Fertilizer – Sharp Increase in May 2019 Urea Sales amidst Budgetary Measures

 

3-Jun-2019

Topline Market Review Jun 3 2019

 

30-May-2019

Topline Market Monthly Review May 30 , 2019

Topline Result Review (May 30, 2019) BOP

Pakistan Budget FY20 Preview – Tax Laden Budget

 

29-May-2019

Topline Market Review May 29 2019

 

28-May-2019

Topline Market Review May 28 2019

 

27-May-2019

Topline Market Review May 27 2019

 

24-May-2019

Topline Market Weekly Review May 24 , 2019

 

23-May-2019

Topline Market Review May 23 2019

Honda Atlas Cars (HCAR) – Earnings revised downward, ‘Hold’ maintained

Pakistan Economy – Implications of Jumbo T-Bill Auction

 

22-May-2019

Topline Market Review May 22 2019

 

21-May-2019

Pakistan Economy- Higher debt servicing leads to fiscal deficit of 2.3% in 3QFY19

Topline Market Review May 21 2019

 

20-May-2019

Pakistan Economy – State Bank Increases Policy Rate by 150bps to 12.25%

Topline Market Review May 20 2019

Pakistan E&Ps – Pakistan hits another dead hole in Offshore drilling

 

17-May-2019

Topline Market Weekly Review May 17 , 2019

 

16-May-2019

Topline Market Review May 16 2019

Pakistan Economy – IMF Statement Analysis

 

15-May-2019

Topline Market Review May 15 2019

 

14-May-2019

Topline Market Review May 14 2019

 

13-May-2019

Pakistan Automobiles – Apr 2019 Auto Sales Down 24% YoY

Topline Market Review May 13 2019

 

10-May-2019

Topline Market Weekly Review May 10 , 2019

Pakistan Comp Sheet (May 10, 2019)

Pakistan State Oil (PSO) – Earnings Revised Downward ‘Maintain Hold’

Pakistan Strategy – Pakistan may not be downgraded to Frontier Market

 

9-May-2019

Topline Market Review May 09 2019

Pak Suzuki Motors (PSMC) – Earnings revised downward, ‘Sell’ maintained

 

8-May-2019

Topline Market Review May 08 2019

Pakistan Fertilizer – Apr 2019 Urea Sales Down 20% YoY

Pakistan Economy – IMF Program and its Implications

Pakistan Banks – 1Q2019 Banking Sector profits up by 5% YoY

 

7-May-2019

Topline Market Review May 07 2019

 

6-May-2019

Topline Market Review May 06 2019

Pakistan Oil Marketing – Apr 2019 sales down 16% YoY

Pakistan Cement – Pretax Profits -25% YoY in 3QFY19

 

3-May-2019

Topline Market Weekly Review May 3 , 2019

Topline Result Review (May 3, 2019) AKBL

 

2-May-2019

Topline Market Review May 2, 2019

 

30-Apr-2019

Topline Market Review Apr 30 2019

Topline Result Review (Apr 30, 2019) PPL

 

27-Apr-2019

Topline Market Review Apr 29 2019

 

26-Apr-2019

Topline Market Weekly Review Apr 26 , 2019

Topline Result Review (Apr 26, 2019) LUCK

Topline Result Review (Apr 26, 2019) PAEL

Topline Result Review (Apr 26, 2019) ENGRO

Topline Result Review (Apr 26, 2019) BAFL

 

25-Apr-2019

Topline Market Review Apr 25 2019

Topline Result Review (April 25, 2019) BAHL

Topline Result Review (April 25, 2019) MEBL

Topline Result Review (April 25, 2019) MLCF

Topline Result Review (April 25, 2019) PKGS

 

24-Apr-2019

Topline Market Review Apr 24 2019

Topline Result Review (April 24, 2019) DGKC

Topline Result Review (April 24, 2019) HBL

Topline Result Review (April 24, 2019) UBL

 

23-Apr-2019

Topline Market Review Apr 23, 2019

Topline Result Review (April 23, 2019) PSMC

 

22-Apr-2019

Topline Market Review Apr 22 2019

Topline Result Review (April 22, 2019) PSO

Topline Result Review (April 22, 2019) SNGP

 

19-Apr-2019

Topline Market Weekly Review Apr 19 , 2019

Topline Result Review (Apr 19, 2019) EFERT

Topline Result Review (Apr 19, 2019) SEARL

 

18-Apr-2019

Topline Market Review Apr 18, 2019

 

17-Apr-2019

Topline Result Review (Apr 17, 2019) PTC

Topline Market Review Apr 17 2019

Pakistan Banks- New mechanism to move Govt. deposits to SBP under single account in consideration

 

16-Apr-2019

Topline Market Review Apr 16, 2019

Topline Result Review (Apr 16, 2019) ISL

 

12-Apr-2019

Topline Market Weekly Review Apr 12 , 2019

 

11-Apr-2019

Topline Market Review Apr 11 2019

Topline Result Review (Apr 11, 2019) POL

 

10-Apr-2019

Pakistan Automobiles – Mar 2019 Auto Sales up 2% YoY

Topline Market Review Apr 10 2019

Pakistan Comp Sheet (Apr 10, 2019)

Pak Elektron (PAEL) – Earnings revised downward ‘Maintain Buy’

 

09-Apr-2019

Topline Market Review Apr 09, 2019

Pakistan Economy – Mar 2019 Trade Deficit down US$1.1bn YoY

 

8-Apr-2019

Topline Market Review Apr 08, 2019

Flash Note Apr 8, 2019 (Pakistan Cement)

Pakistan Pharmaceuticals – Association clarifies drugs overpricing

 

5-Apr-2019

Topline Market Weekly Review Apr 05 , 2019

 

4-Apr-2019

Topline Market Review Apr 04, 2019

Topline Result Review (Apr 4, 2019) PAEL

Pakistan Consumer – Staples Profits Flat; Pharma & Discretionary Posted Decline

 

03-Apr-2019

Topline Market Review Apr 03, 2019

Topline Result Review (Apr 3, 2019) AICL

Topline Result Review (Apr 3, 2019) HASCOL

Pakistan Fertilizer – Mar 2019 Urea Sales up 17% YoY

 

02-Apr-2019

Hub Power Company (HUBC) – Analyst Briefing – Key Takeaways

Topline Market Review Apr 2, 2019

Pakistan Cement – Dispatches to fall 14% YoY during Mar 2019

Pakistan Banks – Banks with High PIB Holdings and their Implications

Pakistan Oil Marketing – Mar 2019 Sales down 18% YoY

 

1-Apr-2019

Topline Market Review Apr 1, 2019

Pakistan Fertilizer – Companies Profits up 41% YoY during 2018

 

29-Mar-2019

Topline Market Weekly Review (Mar 29 , 2019)

Pakistan Economy – State Bank Increases Policy Rate by 50bps to 10.75%

 

28-Mar-2019

Topline Market Review Mar 28, 2019

 

27-Mar-2019

Topline Market Review Mar 27, 2019

 

26-Mar-2019

Topline Market Review Mar 26, 2019

 

25-Mar-2019

Topline Market Review Mar 25, 2019

Topline Result Review (Mar 25, 2019) PSMC

 

22-Mar-2019

Topline Market Weekly Review (Mar 22 , 2019)

 

21-Mar-2019

Descon Oxychem (DOL) – Analyst Briefing Key Takeaways

Topline Market Review Mar 21 2019

 

20-Mar-2019

Topline Market Review Mar 20, 2019

 

19-Mar-2019

Topline Market Review Mar 19, 2019

 

18-Mar-2019

Topline Market Review Mar 18, 2019

 

15-Mar-2019

Topline Market Weekly Review (Mar 15 , 2019)

 

14-Mar-2019

Topline Market Review Mar 14, 2019

 

13-Mar-2019

Topline Market Review Mar 13, 2019

Pakistan Listed Banks Comp Sheet (Mar 13, 2019)

Topline Result Review (Mar 13, 2019) PKGS

 

12-Mar-2019

Topline Market Review Mar 12, 2019

 

11-Mar-2019

Pakistan Automobiles – Feb 2019 Auto Sales Down 13% YoY

Topline Market Review Mar 11, 2019

 

8-Mar-2019

Topline Market Weekly Review (Mar 8, 2019)

Pakistan Comp Sheet (Mar 8, 2019)

 

7-Mar-2019

Topline Market Review Mar 07, 2019

Pakistan Automobiles – Non-tax Filers Allowed to Buy Local Cars Irrespective of Engine Size

 

06-Mar-2019

Topline Market Review Mar 06, 2019

 

05-Mar-2019

Topline Market Review Mar 05, 2019

Pakistan Banks – 4Q2018 Banking Sector profits up by 6% YoY

 

04-Mar-2019

Pakistan Cement – Dispatches to fall 12% YoY during Feb 2019

Topline Market Review Mar 04, 2019

Pakistan Fertilizer – Feb 2019 Urea Sales up 2-4% YoY

Topline Result Review (Mar 4, 2019) BOP

Pakistan Oil Marketing – Feb 2019 sales down 2% YoY

 

01-Mar-2019

Topline Market Weekly Review (Mar 01, 2019)

 

28-Feb-2019

Topline Market Review Feb 28, 2019

Pakistan Politics – Indo-Pak Conflict and its impact on market

 

27-Feb-2019

Topline Market Review Feb 27, 2019

Pakistan Cement – Sector Profits +4% YoY in 2QFY19

 

26-Feb-2019

Meezan Bank (MEBL) – Analyst Briefing Key Takeaways

Topline Market Review Feb 26, 2019

Topline Result Review (Feb 26, 2019) NML

Topline Result Review (Feb 26, 2019) DGKC

 

25-Feb-2019

Topline Market Review Feb 25, 2019

Topline Result Review (Feb 25, 2019) INDU

 

22-Feb-2019

Topline Market Weekly Review (Feb 22, 2019)

Topline Result Review (Feb 22, 2019) OGDC

Topline Result Review (Feb 22, 2019) BAFL

 

21-Feb-2019

Topline Market Review Feb 21, 2019

Topline Result Review (Feb 21, 2019) HUBC

Topline Result Review (Feb 21, 2019) MEBL

 

20-Feb-2019

Topline Result Review (Feb 20, 2018) HBL

Topline Market Review Feb 20, 2019

Topline Result Review (Feb 20, 2019) MCB

Topline Result Review (Feb 20, 2019) UBL

Topline Result Review (Feb 20, 2019) MLCF

Pakistan Economy- Fiscal Deficit (Feb 20, 2019)

Topline Result Review (Feb 20, 2019) ENGRO

 

19-Feb-2019

Topline Market Review Feb 19, 2019

 

18-Feb-2019

Topline Market Review Feb 18, 2019

Topline Result Review (Feb 18, 2019) PSO

 

15-Feb-2019

Topline Market Weekly Review (Feb 15, 2019)

 

14-Feb-2019

Topline Market Review Feb 14, 2019

 

13-Feb-2019

Topline Market Review Feb 13, 2019

 

12-Feb-2019

Topline Market Review Feb 12, 2019

 

11-Feb-2019

Pakistan Automobiles – Jan 2019 Auto Sales Down 4% YoY

Topline Market Review Feb 11, 2019

 

8-Feb-2019

Topline Market Weekly Review (Feb 08, 2019)

Pakistan Comp Sheet (Feb 8, 2019)

Topline Result Review (Feb 08, 2019) EFERT

Topline Result Review (Feb 08, 2019) EFOODS

OGDC-Reiterate Buy

 

7-Feb-2019

Topline Market Review Feb 7, 2019

 

6-Feb-2019

Topline Market Review Feb 6, 2019

 

4-Feb-2019

Topline Market Review Feb 4, 2019

Pakistan Fertilizer – Jan 2019 Urea Sales up 5% YoY

 

1-Feb-2019

Topline Market Weekly Review (Feb 01, 2019)

Pakistan Cement – Dispatches to fall 9% YoY during Jan 2019

Pakistan Oil Marketing – Jan 2019 sales down 16% YoY

 

31-Jan-2019

Topline Market Review Jan 31, 2019

Pakistan Economy – State Bank Increases Policy Rate by 25 basis points

Topline Result Review (Jan 31, 2019) LUCK

Topline Result Review (Jan 31, 2019) FFC

 

30-Jan-2019

Topline Market Review Jan 30, 2019

Topline Result Review (Jan 30, 2019) FFBL

Topline Result Review (Jan 30, 2019) BAHL

 

29-Jan-2019

Topline Market Review Jan 29, 2019

 

28-Jan-2019

Topline Market Review Jan 28, 2019

 

25-Jan-2019

Topline Market Weekly Review (Jan 25, 2019)

Topline Result Review (Jan 25, 2019) ISL

Askari Bank (AKBL) – Initiating Coverage with a ‘Buy’

 

24-Jan-2019

Topline Market Review Jan 24, 2019

Topline Result Review (Jan 24, 2019) HCAR

 

23-Jan-2019

Pakistan Economy – Market Positive; Lacking on Revenue Measures

Topline Market Review Jan 23, 2019

 

22-Jan-2019

Topline Market Review Jan 22, 2019

Topline Result Review (Jan 22, 2019) POL

Pakistan Strategy – Pakistan Key Holding Companies

 

21-Jan-2019

Topline Market Review Jan 21, 2019

 

18-Jan-2019

Topline Market Weekly Review (Jan 18, 2019)

Pakistan Economy – Upcoming PIB Auction & Implications

 

17-Jan-2019

Topline Market Review Jan 17, 2019

Pakistan Market – GIDC Resolution EPCL, LOTCHEM, GATM, FML to benefit the most

 

16-Jan-2019

Topline Market Review Jan 16, 2019

 

15-Jan-2019

Topline Market Review Jan 15, 2019

Pakistan E&Ps – If Successful Discovery; A Possible Game Changer for OGDC & PPL

 

14-Jan-2019

Topline Market Review Jan 14, 2019

Pakistan Economy – Upcoming Mini Budget

 

11-Jan-2019

Topline Market Weekly Review (Jan 11, 2019)

Pakistan Fertilizer – GIDC Resolution on Cards; FFC to benefit the most

 

10-Jan-2019

Pakistan Automobiles – 1HFY19 Sales Down 3% YoY

Pakistan Economy – 1HFY19 Trade Deficit Shrinks by US$1bn

Topline Market Review Jan 10, 2019

 

9-Jan-2019

Topline Market Review Jan 09, 2019

 

8-Jan-2019

Pakistan Banks – Banking Sector Deposits Show Decade low Growth

Topline Market Review Jan 08, 2019

 

7-Jan-2019

Topline Market Review Jan 07, 2019

Topline Result Review (Jan 7, 2019) SSGC

Pakistan Comp Sheet (Jan 7, 2019)

 

4-Jan-2019

Topline Market Weekly Review (Jan 4, 2019)

Pakistan Cement – Cement Dispatches to remain flat during Dec 2018

 

3-Jan-2019

Topline Market Review Jan 03, 2019

 

2-Jan-2019

Topline Market Review Jan 02, 2019

Pakistan Fertilizer – Dec 2018 Urea Sales Flat

Pakistan Economy – Dec 2018 CPI at 6.17% YoY; Below Expectations

Pakistan Oil Marketing – Dec 2018 sales down 27% YoY

 

1-Jan-2019

Topline Market Review Jan 1, 2019

 

31-Dec-2018

Topline Market Review Dec 31, 2018

Pakistan Market Review 2018

 

28-Dec-2018

Topline Market Weekly Review (Dec 28, 2018)

 

27-Dec-2018

Topline Market Review Dec 27, 2018

Pakistan Market – Asset Classes Return in 2018

 

26-Dec-2018

Topline Market Review Dec 26, 2018

 

24-Dec-2018

Topline Market Review Dec 24, 2018

Flash Note Dec 24, 2018 (Politics)

 

21-Dec-2018

Topline Market Weekly Review (Dec 21, 2018)

 

20-Dec-2018

Topline Market Review Dec 20, 2018

Pakistan Market – One Pharma and Two Foods Raised Rs4.3bn in IPOs in 2018

 

19-Dec-2018

Topline Market Review Dec 19, 2018

 

18-Dec-2018

Topline Market Review Dec 18, 2018

 

17-Dec-2018

Topline Market Review Dec 17, 2018

Pakistan Market Outlook 2019

 

14-Dec-2018

Topline Market Weekly Review (Dec 14, 2018)

 

13-Dec-2018

Topline Market Review Dec 13, 2018

 

12-Dec-2018

Topline Market Review Dec 12, 2018

 

11-Dec-2018

Pakistan Automobiles – Nov 2018 Auto Sales Down 17% YoY

Topline Market Review Dec 11, 2018

 

10-Dec-2018

Topline Market Review Dec 10, 2018

 

7-Dec-2018

Topline Market Weekly Review (Dec 07, 2018)

 

6-Dec-2018

Shifa International Hospitals (SHFA) – Analyst Briefing Key Takeaways

Topline Market Review Dec 6, 2018

 

5-Dec-2018

Pakistan Fertilizer – Nov 2018 Urea sales down 21% YoY

Pakistan cement – Dispatches Flat YoY in Nov 2018

 

4-Dec-2018

Topline Market Review Dec 4, 2018

Pakistan Oil Marketing – Nov 2018 oil sales down 32% YoY

 

3-Dec-2018

Topline Market Review Dec 3, 2018

 

30-Nov-2018

Topline Market Weekly Review (Nov 30, 2018)

Flash Note Nov 30, 2018 (Monetary Policy)

Pakistan Economy – Economy Rupee Devaluation

 

29-Nov-2018

Topline Market Review Nov 29, 2018

 

26-Nov-2018

Topline Market Review Nov 26, 2018

Pakistan Economy – Higher Current Expenditures Outstretched Budget Deficit

 

23-Nov-2018

Topline Market Weekly Review (Nov 23, 2018)

Pakistan Strategy – Pakistan Key Holding Companies

INIL – Slower growth and Imports to dent Earnings ‘BUY’ maintained

 

22-Nov-2018

Topline Market Review Nov 22, 2018

Flash Note Nov 22, 2018 (UBL)

 

20-Nov-2018

Topline Market Review Nov 20, 2018

Pakistan Textile Sector – Beneficiary of Govt. Export Focus

 

19-Nov-2018

Topline Market Review Nov 19, 2018

 

16-Nov-2018

Topline Market Weekly Review (Nov 16, 2018)

 

15-Nov-2018

Topline Market Review Nov 15, 2018

Pakistan Listed Banks Comp Sheet (Nov 15, 2018)

Pakistan Banks – Omni Group Case; Potential Impact on Exposed Banks

 

14-Nov-2018

Topline Market Review Nov 14, 2018

Pakistan Strategy – MSCI Semi-Annual Index Review

 

13-Nov-2018

Topline Market Review Nov 13, 2018

 

12-Nov-2018

Pakistan Automobile – Oct 2018 Auto Sales up 6% YoY

Topline Market Review Nov 12, 2018

Topline Result Review (Nov 12, 2018) HCAR

 

9-Nov-2018

Topline Market Weekly Review (Nov 9, 2018)

Pakistan Comp Sheet (Nov 9, 2018)

HASCOL- Multiple additions on way; BUY Maintained

 

8-Nov-2018

Topline Market Review Nov 8, 2018

PSMC – Earnings revised downward, ‘Hold’ call maintained

Pakistan Economy – Pakistan’s exports to China; Textile and Agri to benefit

 

7-Nov-2018

Topline Market Review Nov 7, 2018

Pakistan Banks – Sector Earnings Revised Post 3Q2018 Results

Pakistan Consumer – Profitability down 16% YoY in Sep 2018

 

6-Nov-2018

Topline Market Review Nov 6, 2018

 

5-Nov-2018

Topline Market Review Nov 5, 2018

Pakistan Fertilizer – Oct 2018 Urea sales +24% YoY

 

2-Nov-2018

Topline Market Weekly Review (Nov 2, 2018)

Pakistan Banks – Sector profits down by 27% YoY in 3Q2018

 

1-Nov-2018

Flash Note Nov 1, 2018 (BAFL Conference Call Notes)

Topline Market Review Nov 1, 2018

Pakistan Cement – Sector Profits -38% YoY in 1QFY19

 

31-Oct-2018

Topline Market Review Oct 31, 2018

 

30-Oct-2018

Topline Market Review Oct 30, 2018

Topline Result Review (Oct 30, 2018) SEARL

Pakistan Oil Marketing – Oct 2018 oil sales likely to fall by 38% YoY

Topline Result Review (Oct 30, 2018) PAEL

Pakistan Power – NEPRA Reviewing US$ IRR on Power Projects

 

29-Oct-2018

Topline Market Review Oct 29, 2018

Flash Note Oct 29, 2018 (HBL Conference Call Notes)

Topline Result Review (Oct 29, 2018) LUCK

Topline Result Review (Oct 29, 2018) PSO

 

26-Oct-2018

Topline Market Weekly Review (Oct 26, 2018)

Topline Result Review (Oct 26, 2018) INDU

Topline Result Review (Oct 26, 2018) FFC

 

25-Oct-2018

Topline Result Review (Oct 25, 2018) OGDC

Topline Market Review Oct 25, 2018

Topline Result Review (Oct 25, 2018) DGKC

Topline Result Review (Oct 25, 2018) HBL

ISL – Earnings revised downward ‘Buy’ maintained

PKGS – Earnings revised downward ‘Maintain Buy’

 

24-Oct-2018

Topline Market Review Oct 24, 2018

Topline Result Review (Oct 24, 2018) MCB

Topline Result Review (Oct 24, 2018) MEBL

 

23-Oct-2018

Topline Market Review Oct 23, 2018

Topline Result Review (Oct 23, 2018) NBP

Topline Result Review (Oct 23, 2018) PSMC

 

22-Oct-2018

Pakistan Economy – CAD Clocks in at US$3.7bn, 5-Qtr Low

Topline Market Review Oct 22, 2018

Engro Foods (EFOODS) – Earnings revised downward ‘Maintain Sell’

 

19-Oct-2018

Topline Market Weekly Review (Oct 19, 2018)

Flash Note Oct 19, 2018 (UBL Conference Call Notes)

Topline Result Review (Oct 19, 2018) ENGRO

Topline Result Review (Oct 19, 2018) LOTCHEM

Pakistan Strategy – Market Fall Provides Selective Entry Point

 

18-Oct-2018

Topline Market Review Oct 18, 2018

Topline Result Review (Oct 18, 2018) UBL

Topline Result Review (Oct 18, 2018) EFERT

 

17-Oct-2018

Topline Market Review Oct 17, 2018

 

16-Oct-2018

Topline Market Review Oct 16, 2018

Topline Result Review (Oct 16, 2018) ISL

 

15-Oct-2018

Topline Market Review Oct 15, 2018

 

12-Oct-2018

Topline Market Weekly Review (Oct 12, 2018)

Topline Result Review (Oct 12, 2018) POL

Topline Result Review (Oct 12, 2018) SEARL

 

11-Oct-2018

Topline Market Review Oct 11, 2018

Unity Foods (UNITY) – Analyst Briefing Key Takeaways

Pakistan Strategy – PAK MSCI EM Stocks at Risk of Exclusion

 

10-Oct-2018

Topline Market Review Oct 10, 2018

Pakistan Automobiles – 1QFY19 Auto Sales fall 4% YoY

Pakistan Economy – September Trade Deficit Shrinks

 

9-Oct-2018

Topline Market Review Oct 9, 2018

Pakistan Economy – Govt. Finally Decides to Seek IMF Program

 

8-Oct-2018

Topline Market Review Oct 8, 2018

 

5-Oct-2018

Topline Market Weekly Review (Oct 5, 2018)

Pakistan Comp Sheet (Oct 5, 2018)

Pakistan Economy – IMF Team Paints a Dreary Picture of Economy

Pakistan Strategy – Govt Finally Notifies the Much Awaited Hike in Gas Tariff

 

4-Oct-2018

Topline Market Review Oct 4, 2018

Meezan Bank (MEBL) – Best Positioned to Leverage Growing Shariah Banking; Initiating coverage wita a Buy

 

3-Oct-2018

Topline Market Review Oct 3, 2018

Pakistan Fertilizer – Sep 2018 Urea sales +176% YoY

 

2-Oct-2018

Topline Market Review Oct 2, 2018

Pakistan Oil Marketing – Sep 2018 oil sales down 21% YoY; 1QFY19 sales at 4-Year low

Pakistan Cement – Sector Pre-tax Profits -36% YoY in 4QFY18; Industry’s Margins at 6-Year Low

 

1-Oct-2018

Topline Market Review Oct 1, 2018

Pakistan Economy – Policy rate increases to 8.5%

 

28-Sep-2018

Topline Market Weekly Review (Sept 28, 2018)

Pakistan cement sales +9% YoY in Sep 2018

 

27-Sep-2018

Topline Market Review Sep 27, 2018

 

26-Sep-2018

Topline Market Review Sep 26, 2018

Topline Result Review (Sep 26, 2018) NML

 

25-Sep-2018

Topline Market Review Sep 25, 2018

 

24-Sep-2018

Topline Market Review Sep 24, 2018

 

19-Sep-2018

Topline Market Weekly Review (Sept 19, 2018)

Topline Result Review (Sep 19, 2018) DGKC

 

18-Sep-2018

Topline Market Review Sep 18, 2018

Pakistan Economy – Amended Finance Bill a right direction on a bumpy road

Topline Result Review (Sep 18, 2018) MLCF

 

17-Sep-2018

Topline Market Review Sep 17, 2018

Pakistan Strategy – Govt. approves higher gas prices in a much anticipated move

Flash Note Sep 17, 2018 (DAWH)

 

14-Sep-2018

Topline Market Weekly Review (Sep 14, 2018)

 

13-Sep-2018

Topline Market Review Sep 13, 2018

 

12-Sep-2018

Topline Market Review Sep 12, 2018

Pakistan Listed Banks Comp Sheet (Sep 12, 2018)

 

11-Sep-2018

Pakistan Automobiles – 2MFY19 Auto Sales fall 6% YoY

Topline Market Review Sep 11, 2018

 

10-Sep-2018

Topline Market Review Sep 10, 2018

 

7-Sep-2018

Topline Market Weekly Review (Sep 7, 2018)

Flash Note Sep 7, 2018 (OGDC Conference Call Notes)

Topline Result Review (Sep 7, 2018) OGDC

Pakistan Comp Sheet (Sep 7, 2018)

 

6-Sep-2018

Topline Market Review Sep 6, 2018

 

5-Sep-2018

Topline Market Review Sep 5, 2018

Pakistan Consumer – Profitability up 2% YoY in Jun 2018

Pakistan Strategy – Likely Gas Price Increase

 

4-Sep-2018

Topline Market Review Sep 4, 2018

Pakistan Fertilizer – Urea sales to decline by 51% YoY in Aug 2018

Pakistan Oil Marketing – Aug 2018 oil sales down by 46% YoY

Pakistan Strategy – Energy Sector Circular Debt Resolution could take time

 

3-Sep-2018

Topline Market Review Sep 3, 2018

Flash Note Sep 3, 2018 (Refinery Sector)

 

31-Aug-2018

Topline Market Weekly Review (Aug 31, 2018)

Pakistan Banks – Sector profits down 3% YoY in 2Q2018

Pakistan Fertilizer – Companies profit up by 67% YoY in 2Q2018

 

30-Aug-2018

Topline Market Review Aug 30, 2018

Topline Result Review (Aug 30, 2018) MARI

Topline Result Review (Aug 30, 2018) NBP

 

29-Aug-2018

Topline Market Review Aug 29, 2018

Pakistan Cement – sales -7% YoY in Aug 2018

Topline Result Review (Aug 29, 2018) AICL

 

28-Aug-2018

PAEL – Analyst Briefing Key Takeaways

Topline Market Review Aug 28, 2018

Topline Result Review (Aug 28, 2018) INDU

 

27-Aug-2018

Topline Market Review Aug 27, 2018

Topline Result Review (Aug 27, 2018) PKGS

Topline Result Review (Aug 27, 2018) BAFL

 

24-Aug-2018

Topline Market Review Aug 24, 2018

 

20-Aug-2018

Topline Market Review Aug 20, 2018

Topline Result Review (Aug 20, 2018) HASCOL

Topline Result Review (Aug 20, 2018) HUBC

 

17-Aug-2018

Topline Market Weekly Review (Aug 17, 2018)

Topline Result Review (Aug 17, 2018) INIL

 

16-Aug-2018

Topline Market Review Aug 16, 2018

Topline Result Review (Aug 16, 2018) ENGRO

Topline Result Review (Aug 16, 2018) PAEL

Pakistan Automobiles – Sector Earnings Revised Downward

 

15-Aug-2018

Topline Market Review Aug 15, 2018

Topline Result Review (Aug 15, 2018) ISL

Topline Result Review (Aug 15, 2018) POL

 

13-Aug-2018

Topline Market Review Aug 13, 2018

Flash Note Aug 13, 2018 (EFERT Analyst Briefing Notes)

Flash Note Aug 13, 2018 (MCB Conference Call Notes)

Topline Result Review (Aug 13, 2018) PSO

 

10-Aug-2018

Topline Market Weekly Review (Aug 10, 2018)

Pakistan Automobiles – July 2018 Auto Sales grow 9% YoY

UBL – Earnings revised down, Downgraded to Hold

HBL – Earnings revised down, Downgraded to Hold

Topline Result Review (Aug 10, 2018) EFERT

 

9-Aug-2018

Topline Market Review Aug 9, 2018

 

8-Aug-2018

Topline Market Review Aug 8, 2018

 

7-Aug-2018

Topline Market Review Aug 7, 2018

Flash Note Aug 7, 2018 (HBL Conference Call Notes)

Topline Result Review (Aug 7, 2018) LOTCHEM

 

6-Aug-2018

Topline Market Review Aug 6, 2018

Pakistan Fertilizer – Urea sales to surge by 45% YoY in Jul 2018

 

3-Aug-2018

Topline Market Weekly Review (Aug 3, 2018)

Topline Result Review (Aug 3, 2018) EFOODS

Flash Note Aug 3, 2018 (UBL Conference Call Notes)

Pakistan Comp Sheet (Aug 3, 2018)

 

2-Aug-2018

Topline Market Review Aug 2, 2018

Topline Result Review (Aug 2, 2018) HBL

Topline Result Review (Aug 2, 2018) UBL

Pakistan Oil Marketing – Oil sales down 30% YoY in Jul 18

Engro Corporation (ENGRO) – Earning revised up ‘BUY’ maintained

 

1-Aug-2018

Topline Market Review Aug 1, 2018

Pakistan Cement – sales +4% YoY in Jul 2018

Topline Result Review (Aug 1, 2018) MCB

 

31-Jul-2018

Topline Market Review Jul 31, 2018

Topline Result Review (Jul 31, 2018) LUCK

Topline Result Review (Jul 31, 2018) FFC

Topline Result Review (Jul 31, 2018) FFBL

 

30-Jul-2018

Topline Market Review Jul 30, 2018

Topline Result Review (Jul 30, 2018) HCAR

 

27-Jul-2018

Topline Market Weekly Review (Jul 27, 2018)

 

26-Jul-2018

Topline Market Review Jul 26, 2018

Pakistan Politics – Khan’s PTI Emerged Victorious in National Polls

 

24-Jul-2018

Topline Market Review Jul 24, 2018

Topline Result Review (Jul 24, 2018) PSMC

 

23-Jul-2018

Topline Market Review Jul 23, 2018

 

20-Jul-2018

Topline Market Weekly Review Jul 20, 2018)

Pakistan Politics – Likely Market Response on Election Outcome

Flash Note Jul 20, 2018 (ENGRO)

 

19-Jul-2018

Topline Market Review Jul 19, 2018

 

18-Jul-2018

Topline Market Review Jul 18, 2018

Topline Result Review (Jul 18, 2018) PTC

 

17-Jul-2018

Topline Market Review Jul 17, 2018

Flash Note Jul 17, 2018 (Fertilizer)

 

16-Jul-2018

Topline Market Review Jul 16, 2018

Flash Note Jul 16, 2018 (Economy)

Pakistan Economy – State Bank increases interest rates by 100 basis points

 

13-Jul-2018

Topline Market Weekly Review Jul 13, 2018)

Flash Note Jul 13, 2018 (UBL)

 

12-Jul-2018

Topline Market Review Jul 12, 2018

International Industries (INIL) – Earnings revised downward, ‘BUY’ maintained

 

11-Jul-2018

Topline Market Review Jul 11, 2018

Flash Note Jul 11, 2018 (Economy)

Pakistan Automobiles – FY18 Auto Sales Rise 21%YoY

 

10-Jul-2018

Topline Market Review Jul 10, 2018

Pakistan Politics – General Elections 2018 Update; Party Manifestos – PTI vs. PML-N

 

9-Jul-2018

Topline Market Review Jul 9, 2018

Pakistan Banks- Interest Rates Assumption Revised up Banks to be beneficiaries

 

 

6-Jul-2018

Topline Market Weekly Review Jul 6, 2018)

Pakistan Comp Sheet (Jul 6, 2018)

Flash Note Jul 6, 2018 (Politics)

 

5-Jul-2018

Topline Market Review Jul 5, 2018

Flash Note Jul 5, 2018 (KEL)

 

4-Jul-2018

Topline Market Review Jul 4, 2018

Pakistan Elections 2018 Update

 

3-Jul-2018

Topline Market Review Jul 3, 2018

Pakistan Oil Marketing – Oil sales down 5% in FY18 after a gap of 5-years

Pakistan Fertilizer – Urea inventory at 39 months low in Jun 2018

 

2-Jul-2018

Topline Market Review Jul 2, 2018

Pakistan Politics – PTI Likely To Lead The Electoral Battleground

 

29-Jun-2018

Topline Market Weekly Review Jun 29, 2018)

Pakistan Market Strategy – KSE-100 Index gains 4% in 1H2018 (down 6% in US$)

on of the worst performing in FY18

 

28-Jun-2018

Topline Market Review Jun 28, 2018

 

27-Jun-2018

Topline Market Review Jun 27, 2018

 

26-Jun-2018

Topline Market Review Jun 26, 2018

Pakistan Economy – Tax Amnesty Scheme expectations and implications

 

25-Jun-2018

Topline Market Review Jun 25, 2018

Pakistan Strategy – Pakistan’s placement on FATF blacklist least likely

Pakistan Gas Marketing – Price Increase & Likely Implication

 

22-Jun-2018

Topline Market Weekly Review Jun 22, 2018)

 

21-Jun-2018

Topline Market Review Jun 21, 2018

Pakistan Economy – Credit Rating Agencies turning “Negative”

 

20-Jun-2018

Topline Market Review Jun 20, 2018

 

19-Jun-2018

Topline Market Review Jun 19, 2018

 

14-Jun-2018

Topline Market Weekly Review Jun 14, 2018)

 

13-Jun-2018

Topline Market Review Jun 13, 2018

 

12-Jun-2018

Topline Market Review Jun 12, 2018

Pakistan Automobiles – May 2018 Auto Sales up 5% YoY – In line with expectations

 

11-Jun-2018

Topline Market Review Jun 11, 2018

Pakistan Economy – Rupee devalues for the third time in FY18

 

7-Jun-2018

Topline Market Weekly Review Jun 7, 2018)

Pak Elektron (PAEL) – Reiterate Buy

 

6-Jun-2018

Topline Market Review Jun 6, 2018

 

5-Jun-2018

Topline Market Review Jun 5, 2018

Pakistan International Bulk Terminal (PIBTL) – Reinstate with ‘Sell’

 

4-Jun-2018

Topline Market Review Jun 4, 2018

Flash Note Jun 4, 2018 (Fertilizer Data)

 

1-Jun-2018

Topline Market Weekly Review Jun 1, 2018)

Pakistan Comp Sheet (Jun 1, 2018)

Flash Note Jun 1, 2018 (Economy)

 

31-May-2018

Topline Market Review May 31, 2018

 

30-May-2018

Topline Market Review May 30, 2018

Pakistan Cement – sales +13% YoY in FY18; Industry Utilization at 2.5 Decade High!

Pakistan Cement – Sales up 2% YoY in May 2018

 

29-May-2018

Topline Market Review May 29, 2018

 

28-May-2018

Topline Market Review May 28, 2018

Flash Note May 28, 2018 (Politics Caretaker PM)

 

25-May-2018

Topline Market Weekly Review May 25, 2018)

Flash Note May 25, 2018 (Monetary Policy)

Flash Note May 25, 2018 (Economy)

 

24-May-2018

Topline Market Review May 24, 2018

 

23-May-2018

Topline Market Review May 23, 2018

Bank of Punjab (BOP) – Reinstate with ‘Hold’

 

22-May-2018

Topline Market Review May 22, 2018

LOTCHEM – Improving Global PTA Margins to Support Earnings

 

21-May-2018

Topline Market Review May 21, 2018

 

18-May-2018

Topline Market Weekly Review May 18, 2018)

Flash Note May 18, 2018 (Gas Marketing)

 

17-May-2018

Topline Market Review May 17, 2018

 

16-May-2018

Topline Market Review May 16, 2018

 

15-May-2018

Topline Market Review May 15, 2018

Flash Note May 15, 2018 (MSCI Market)

Topline Result Review (May 15, 2018) HCAR

 

14-May-2018

Topline Market Review May 14, 2018

Flash Note May 14, 2018 (SSGC)

 

11-May-2018

Topline Market Weekly Review May 11, 2018)

Pakistan Automobiles – Apr 2018, PSMC and ATLH Marked New History – In-line with expectation

 

10-May-2018

Topline Market Review May 10, 2018

Flash Note May 10, 2018 (INDU Analyst Briefing Notes)

 

9-May-2018

Topline Market Review May 9, 2018

 

8-May-2018

Topline Market Review May 8, 2018

 

7-May-2018

Topline Market Review May 7, 2018

Flash Note May 7, 2018 (ENGRO)

Pakistan Fertilizer – Urea sales to rise by 51% YoY in Apr 2018

Flash Note May 7, 2018 (MCB Conference Call Notes)

 

4-May-2018

Topline Market Weekly Review May 4, 2018)

Pakistan Comp Sheet (May 4, 2018)

Hascol Petroleum (HASCOL) – Earnings revised upwards, ‘Buy’ Stance maintained

Habib Bank (HBL) – Earnings revised downwards; ‘Buy’ Stance maintained

 

3-May-2018

Topline Market Review May 3, 2018

Pakistan Textiles – Sector Profitability flat during 2QFY18

Pakistan Fertilizer – Sector Earning up by 47% YoY in 1Q2018

 

2-May-2018

Topline Market Review May 2, 2018

Engro Corporation (ENGRO) – Earning revised upward ‘Buy’ stance maintained

Pakistan Banks – Banking Sector Profits down 18% YoY in 1Q2018

Pakistan Cement Sales up 17% YoY in Apr 2018

Cement Sector Profits down 24% YoY in 3QFY18

 

30-April-2018

Topline Market Review Apr 30, 2018

Topline Result Review (April 30, 2018) SNGP

United Bank (UBL) – Earnings revised downwards ‘Buy’ Stance maintained

 

28-April-2018

Pakistan Budget FY19 – Ambitious Budget Ahead of The Elections

 

27-April-2018

Topline Market Weekly Review Apr 27, 2018)

Pakistan Budget FY19 – Initial Impressions

Topline Result Review (April 27, 2018) SEARL

Topline Result Review (April 27, 2018) OGDC

Topline Result Review (April 27, 2018) HBL

Topline Result Review (April 27, 2018) INDU

 

26-April-2018

Topline Market Review Apr 26, 2018

Pakistan Economic Review FY18 – GDP Growth at 13-year High of 5.8%

Topline Result Review (Apr 26, 2018) HUBC

Fauji Fertilizer Bin Qasim (FFBL)- Upgraded to BUY

Topline Result Review (Apr 26, 2018) BOP

Topline Result Review (Apr 26, 2018) LUCK

 

25-April-2018

Topline Market Review Apr 25, 2018

Topline Result Review (Apr 25, 2018) PKGS

Topline Result Review (Apr 25, 2018) PAEL

Topline Result Review (Apr 25, 2018) MCB

Topline Result Review (Apr 25, 2018) MLCF

 

24-April-2018

Topline Market Review Apr 24, 2018

Topline Result Review (Apr 24, 2018) PPL

Topline Result Review (Apr 24, 2018) FFBL

 

23-April-2018

Topline Market Review Apr 23, 2018

Topline Result Review (Apr 23, 2018) PSO

Topline Result Review (Apr 23, 2018) ENGRO

 

20-April-2018

Topline Market Weekly Review Apr 20, 2018)

Pakistan Pre-Budget FY19

Topline Result Review (Apr 20, 2018) EFERT

Flash Note Apr 20, 2018 (UBL Conference Call Notes)

Topline Result Review (Apr 20, 2018) BAFL

Topline Result Review (Apr 20, 2018) ASTL

 

19-April-2018

Topline Market Review Apr 19, 2018

 

18-April-2018

Topline Market Review Apr 18, 2018

Topline Result Review (Apr 18, 2018) UBL

 

17-April-2018

Topline Market Review Apr 17, 2018

Topline Result Review (Apr 17, 2018) BAHL

Topline Result Review (Apr 17, 2018) ISL

 

16-April-2018

Topline Market Review Apr 16, 2018

Topline Result Review (Apr 16, 2018) POL

Topline Result Review (Apr 16, 2018) MARI

 

13-April-2018

Topline Market Weekly Review Apr 13, 2018)

 

12-April-2018

Topline Market Review Apr 12, 2018

Pakistan Strategy – Pakistan Key Holding Companies

Topline Result Review (Apr 12, 2018) PTC

 

11-April-2018

Topline Market Review Apr 11, 2018

Pakistan Automobiles – Mar 2018 Auto Sales +9% YoY (-1% MoM) – In-line with expectation

 

10-April-2018

Topline Market Review Apr 10, 2018

 

9-April-2018

Topline Market Review Apr 9, 2018

 

6-April-2018

Topline Market Weekly Review Apr 6, 2018)

Pakistan Comp Sheet (Apr 6, 2018)

Pakistan Economy – Tax Amnesty

Pakistan Consumer – Profitability up 24% YoY in Dec 2017

 

5-April-2018

Topline Market Review Apr 5, 2018

International Steel (ISL) – Earnings Revised downward, ‘Buy’ maintained

 

4-April-2018

Topline Market Review Apr 4, 2018

Flash Note Apr 4, 2018 (Fertilizer Data)

 

3-April-2018

Topline Market Review Apr 3, 2018

Pakistan Economy – Life with IMF & its Likely Impact

Topline Result Review (Apr 3, 2018) HASCOL

 

2-April-2018

Topline Market Review Apr 2, 2018

Pakistan Textiles – Sector Profitability flat during 2QFY18

 

30-Mar-2018

Topline Market Weekly Review Mar 30, 2018)

Topline Flash Note (Mar 30 2018) Monetary Policy

 

29-Mar-2018

Topline Market Review Mar 29, 2018

 

28-Mar-2018

Topline Market Review Mar 28, 2018

 

27-Mar-2018

Topline Market Review Mar 27, 2018

Pakistan Cement – Highest Ever Monthly Sales of 4.5mn tons in March, up 14% YoY

 

26-Mar-2018

Topline Market Review Mar 26, 2018

Topline Flash Note (Mar 26, 2018) HBL Conference Call Notes

 

22-Mar-2018

Topline Market Weekly Review Mar 22, 2018)

Pakistan Fertilizer – Pricing Momentum Looks Supprtive Market Weight Maintained

Pakistan Bank – Sector Profits down 4% YoY in 2017

 

21-Mar-2018

Topline Market Review Mar 21, 2018

Topline Result Review (Mar 21, 2018) IGIIL

Topline Result Review (Mar 21, 2018) AICL

 

20-Mar-2018

Topline Market Review Mar 20, 2018

Pakistan Strategy – Surprised PKR devaluation Good for the market

Topline Flash Note (Mar 20, 2018) Rupee Devaluation

 

19-Mar-2018

Topline Market Review Mar 19, 2018

Topline Result Review (Mar 19, 2018) DAWH

Topline Result Review (Mar 19, 2018) HBL

Topline Result Review (Mar 19, 2018) PSMC

 

16-Mar-2018

Topline Market Weekly Review Mar 16, 2018)

 

15-Mar-2018

Topline Market Review Mar 15, 2018

 

14-Mar-2018

Topline Market Review Mar 14, 2018

 

13-Mar-2018

Topline Market Review Mar 13, 2018

 

12-Mar-2018

Topline Market Review Mar 12, 2018

Pakistan Automobiles – Feb 2018 Auto Sales +15% YoY (-4% MoM) – In-line with expectation

International Industries (INIL) – Beneficiary of construction and auto sector boom

 

9-Mar-2018

Topline Market Weekly Review Mar 9, 2018)

 

8-Mar-2018

Topline Market Review Mar 8, 2018

Topline Flash Note (Mar 8, 2018) BAFL Conference Call Notes

 

7-Mar-2018

Topline Market Review Mar 7, 2018

Flash Note Mar 7, 2018 (Fertilizer Data)

 

6-Mar-2018

Topline Market Review Mar 6, 2018

 

5-Mar-2018

Topline Market Review Mar 5, 2018

Pakistan Politics – Senate Elections – PML-N gains highest seats as expected

Pakistan Oil Marketing – Sales down 18% YoY in Feb 2018; 8MFY18 sales drop 3%

 

2-Mar-2018

Topline Market Weekly Review Mar 2, 2018)

Pakistan Comp Sheet (Mar 2, 2018)

Pakistan Cement – Sector Profits -26% YoY in 2QFY18

 

1-Mar-2018

Topline Market Review Mar 1, 2018

Topline Flash Note (Mar 1, 2018) Pakistan Cement

TRG Pakistan (TRG): 2QFY18 LPS at Rs0.6, flat YoY

 

 

28-Feb-2018

Topline Market Review Feb 28, 2018

Topline Result Review (Feb 28, 2018) PKGS

Pakistan Cement – Sales up 9% YoY in Feb 2018

 

27-Feb-2018

Topline Market Review Feb 27, 2018

Topline Result Review (Feb 27, 2018) PPL

 

26-Feb-2018

Topline Market Review Feb 26, 2018

Topline Result Review (Feb 26, 2018) SNGP

 

23-Feb-2018

Topline Market Weekly Review (Feb 23, 2018)

Topline Result Review (Feb 23, 2018) NML

Topline Result Review (Feb 23, 2018)

Topline Flash Note (Feb 23, 2018) HUMNL Investor Briefing Session

 

22-Feb-2018

Topline Market Review Feb 22, 2018

Pakistan Politics – As Expected, Court Removes Mr. Sharif as Party Head

Topline Flash Note (Feb 23, 2018) PAEL

Topline Result Review (Feb 22, 2018) MARI

 

21-Feb-2018

Topline Market Review Feb 21, 2018

Topline Result Review (Feb 21, 2018) PSO

Topline Flash Note (Feb 21, 2018) ENGRO Analyst Briefing Notes

Topline Result Review (Feb 21, 2018) ENGRO

 

20-Feb-2018

Topline Market Review Feb 20, 2018

Topline Result Review (Feb 20, 2018) NBP

Topline Flash Note (Feb 20, 2018) NBP Analyst Briefing Notes

Topline Result Review (Feb 20, 2018) DGKC

 

19-Feb-2018

Topline Market Review Feb 19, 2018

Topline Result Review (Feb 19, 2018) OGDC

Topline Flash Note (Feb 19, 2018) OGDC Conference Call Notes

Topline Result Review (Feb 19, 2018) UBL

Topline Result Review (Feb 19, 2018) ASTL

 

16-Feb-2018

Topline Market Weekly Review (Feb 16, 2018)

Topline Result Review (Feb 16, 2018) MLCF

 

15-Feb-2018

Topline Market Review Feb 15, 2018

Topline Result Review (Feb 15, 2018) MCB

 

14-Feb-2018

Topline Market Review Feb 14, 2018

Topline Result Review (Feb 14, 2018) BAHL

Topline Result Review (Feb 14, 2018) PTC

 

13-Feb-2018

Topline Market Review Feb 13, 2018

Pakistan Banks – Pension Case Impact Lower than Expectation

 

12-Feb-2018

Topline Market Review Feb 12, 2018

Topline Result Review (Feb 12, 2018) EFOODS

Pakistan Automobiles – Jan 2018 Auto Sales +13% YoY (+22% MoM) – Record monthly sales

 

9-Feb-2018

Topline Market Weekly Review (Feb 9, 2018)

 

8-Feb-2018

Topline Market Review Feb 8, 2018

Topline Result Review (Feb 8, 2018) EFERT

 

7-Feb-2018

Topline Market Review Feb 7, 2018

 

6-Feb-2018

Topline Market Review Feb 6, 2018

Pakistan Politics – Senate Elections – Why so important this time

 

2-Feb-2018

Topline Market Weekly Review (Feb 2, 2018)

Pakistan Comp Sheet (Feb 2, 2018)

Bank of Punjab (BOP) – Initiating coverage with a ‘Sell’

 

1-Feb-2018

Topline Market Review Feb 1, 2018

Topline Result Review (Feb 1, 2018) TRG

 

31-Jan-2018

Topline Market Review Jan 31, 2018

Topline Result Review (Jan 31, 2018) IGIIL

Topline Flash Note (Jan 31, 2018) TRG

 

30-Jan-2018

Topline Market Review Jan 30, 2018

Topline Result Review (Jan 30, 2018) FFC

 

29-Jan-2018

Topline Market Review Jan 29, 2018

Topline Flash Note (Jan 29, 2018) HASCOL

 

26-Jan-2018

Topline Market Weekly Review (Jan 26, 2018)

Topline Flash Note (Jan 26, 2018) Economy

Topline Result Review (Jan 26, 2018) FFBL

Topline Result Review (Jan 26, 2018) LUCK

 

25-Jan-2018

Topline Market Review Jan 25, 2018

 

24-Jan-2018

Topline Market Review Jan 24, 2018

Topline Result Review (Jan 24, 2018) POL

Pakistan Cement – Cement Expansions in Punjab hit snag

 

23-Jan-2018

Topline Market Review Jan 23, 2018

Topline Result Review (Jan 23, 2018) HCAR

Topline Result Review (Jan 23, 2018) ISL

 

22-Jan-2018

Topline Market Review Jan 22, 2018

 

19-Jan-2018

Topline Market Weekly Review (Jan 19, 2018)

 

18-Jan-2018

Topline Market Review Jan 18, 2018

Pakistan Automobile – Curtailment of used car imports to benefit local players

Topline Flash Note (Jan 18, 2018) MLCF

 

17-Jan-2018

Topline Market Review Jan 17, 2018

MARI – Dismantling of Gas Price Formula Unlocking Value

 

16-Jan-2018

Topline Market Review Jan 16, 2018

Pakistan Banks – Advances grow by 17% in 2017; ADR improves to 53%

 

15-Jan-2018

Topline Market Review Jan 15, 2018

 

12-Jan-2018

Topline Market Weekly Review (Jan 12, 2018)

 

11-Jan-2018

Topline Market Review Jan 11, 2018

 

10-Jan-2018

Topline Market Review Jan 10, 2018

Pakistan Automobiles – Dec’17 Auto Sales +20% YoY (-9% MoM); (Inline-with expectations)

Topline Result Review (Jan 10, 2018) TRG

 

9-Jan-2018

Topline Market Review Jan 9, 2018

 

8-Jan-2018

Topline Market Review Jan 8, 2018

Pakistan Gas Marketing – Reinstate SNGP as ‘Buy’; SSGC as hold

Pakistan Cements – Record January Sales

 

5-Jan-2018

Topline Market Weekly Review (Jan 5, 2018)

Pakistan Comp Sheet (Jan 5, 2018)

 

4-Jan-2018

Topline Market Review Jan 4, 2018

Pakistan Oil Marketing – Sales -11% YoY in December; 2017 Oil Sales flat

 

3-Jan-2018

Topline Market Review Jan 3, 2018

 

2-Jan-2018

Topline Market Review Jan 2, 2018

Topline Flash Note (Jan 2, 2018) Fertilizer Data

 

1-Jan-2018

Topline Market Review Jan 1, 2018

 

29-Dec-2017

Pakistan Market Review 2017 – Fall of Stocks, Property & Currency

 

29-Dec-2017

Topline Flash Note (Dec 29, 2017) MLCF

 

29-Dec-2017

Pakistan Cements – Sales +6% YoY in Dec; 1HFY18 sales +11%

 

26-Dec-2017

Pakistan Market – 2017 Sectors Performance

 

26-Dec-2017

PIBTL – Earnings Revised Down ‘Maintain Buy’

 

22-Dec-2017

Pakistan Petroleum (PPL) – Upgrade to Buy

 

21-Dec-2017

Maple Leaf Cement (MLCF) – Upgrade to Buy

 

20-Dec-2017

Pakistan Market Outlook 2018

 

18-Dec-2017

Pakistan Bank – Impairment for all in equity valuation, Banks Profitability will be affected in 2017

 

13-Dec-2017

ENGRO – Upgrade to Buy

 

11-Dec-2017

Pakistan Automobiles – Nov’17 Auto Sales +18% YoY (-10% MoM)

 

8-Dec-2017

Pakistan Comp Sheet (Dec 8, 2017)

Pakistan Strategy – 3 IPOs in 2017, 8 Lined up for 2018

Topline Flash Note (Dec 8, 2017) Rupee Devaluation

Century Paper (CEBP) – Pakistan’s Leading Paper Board Supplier

 

6-Dec-2017

Pakistan Energy – Declining Fuel Oil demand Impact on OMCs, IIPs & Refineries

HCAR – Earnings Revised ‘Maintain Hold’

 

5-Dec-2017

Pakistan Gas Marketing – Uncertainty arising from OGRA’s proposal ‘places Sui Cos. ‘Under Review’

Topline Flash Note (Dec 5, 2017) Nov Offtake Urea

 

30-Nov-2017

Pakistan Cements – Sales up 5% YoY in November

Pakistan Gas Marketing – OGRA proposes lower tariff regime for Gas companies

Topline Flash Note (Nov 30, 2017) – Economy

 

28-Nov-2017

Cherat Packaging (CPPL) – Pakistan’s Largest Cement Bag Supplier

 

24-Nov-2017

Pakistan Textiles – Profitability down 23% in 1QFY18 (Nov 24, 2017)

 

23-Nov-2017

E&Ps – Oil vol flat YoY, Gas vol -3% YoY in Oct 2017

 

22-Nov-2017

Topline Result Review (Nov 22, 2017) HCAR

 

21-Nov-2017

Pakistan Economy – Pakistan’s New Dollar Bond Issue

 

17-Nov-2017

Profits of non-life insurance sector down 32% in 3Q2017

 

15-Nov-2017

Pakistan Market – De-Rating widens peer PE discount

 

14-Nov-2017

Topline Flash Note (Nov 14, 2017) – Market Update

 

13-Nov-2017

Pakistan Automobiles – Oct’17 Auto Sales +46% YoY (+24% MoM)

 

10-Nov-2017

Pakistan Consumer – Profitability up 11% YoY in Sep 2017

 

9-Nov-2017

Market Strategy – MSCI Semi Annual Review, Pakistan Weight in MSCI EM likely to fall

 

7-Nov-2017

Pakistan Banks – Sector Profits down 2% YoY in 3Q2017

 

6-Nov-2017

Pakistan Cements – Sector Profits -3%, Pretax Profits – 15% YoY in 1QFY18

Pakistan Oil Marketing – Sales +5% YoY in Oct 2017 Below expectations

 

3-Nov-2017

Pakistan Comp Sheet (Nov 3, 2017)

Topline Flash Note (Nov 3, 2017) – Oct Offtake Urea

SEARL – Estimates revised upwards ‘Hold’ Stance maintained

 

2-Nov-2017

Pakistan Consumers – PAEL & PKGS Estimates Revised ‘BUY’ stance maintained

 

1-Nov-2017

DGKC – Estimates Revised Upward ‘Buy’ Stance maintained

 

31-Oct-2017

Pakistan Cements – Sales up 13% YoY in October

 

Pakistan Banks – HBL & NBP Estimates Revised Stance maintained

 

6-Oct-2017

Pakistan Comp Sheet (Oct 6, 2017)

 

8-Sep-2017

Pakistan Comp Sheet (Sep 8, 2017)

 

4-Aug-2017

Pakistan Comp Sheet (Aug 4, 2017)