Pakistan

PSX buoyant over earnings, rate cut talk | The Express Tribune

Published

2 مہینے ago

جولائی 25, 2024

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KARACHI:

Pakistan Stock Exchange (PSX) on Wednesday continued its bullish momentum as it extended gains from the previous session, buoyed by an earnings season rally coupled with expectations of a further reduction in policy rate.

The trading session commenced on a bullish note, where investors took keen interest in stocks of companies reporting positive earnings. Investor optimism prevailed throughout the session with minor ups and downs.

The bull-run was also powered by the talk of a potential rate cut by the State Bank of Pakistan (SBP) in its monetary policy meeting on July 29.

News of Prime Minister Shehbaz Sharif setting a target of $60 billion for annual exports in the next three years bolstered investor confidence, taking the KSE-100 index to the intra-day high of 79,704.36.

The bourse, after maintaining the bullish trend throughout the day, closed with gains of over 400 points.

“Stocks closed higher in an earnings season rally on expectations of SBP policy rate cut on July 29,” said Ahsan Mehanti, MD of Arif Habib Corp.

“PM’s resolve to push exports to $60 billion in the next three years along with hints of low-cost electricity and finance minister’s hopes of ratings upgrade by Moody’s due to government reforms and efforts to improve economic indicators played the role of catalysts in bullish close at the PSX.”

At the end of trading, the benchmark KSE-100 index recorded notable gains of 409.92 points, or 0.52%, and settled at 79,397.01.

Topline Securities, in its report, said that Pakistan’s stock market exhibited a positive momentum, with the index reaching a high of 79,704 points.

Key stocks such as Fauji Fertiliser Company, Meezan Bank, TRG Pakistan, Faysal Bank and Engro Fertilisers contributed positively as they collectively added 300 points to the index.

Conversely, United Bank, Hub Power and Dawood Hercules Corporation cast a negative impact, wiping off 110 points, Topline added.

Arif Habib Limited (AHL), in its report, commented that there was “more lift off Monday’s lows with the KSE-100 mustering gains of 0.52% day-on-day”.

Among corporate announcements, Honda Atlas Cars reported 1QMY25 earnings per share (EPS) of Rs1.42, up 40% year-on-year, attributed to better gross margins, which rose 1,020 basis points (bps). On a sequential basis, its earnings declined 85% quarter-on-quarter.

AHL said that TRG Pakistan gained the maximum on news that IBEX had announced the launch of Wave iX Translate, which would enable real-time translation in over 150 languages. “The fresh momentum has the potential to see TRG trade back towards its May high of Rs70.”

During the day, the largest index drags were Hub Power, United Bank and Dawood Hercules, AHL added.

Overall trading volumes increased to 386.98 million shares compared with Tuesday’s tally of 316.2 million. The value of shares traded during the day was Rs14.9 billion.

Shares of 430 companies were traded. Of these, 228 stocks closed higher, 155 fell and 47 remained unchanged.

Silkbank was the volume leader with trading in 36.9 million shares, gaining Rs0.1 to close at Rs1.10. It was followed by Hascol Petroleum with 25.8 million shares, gaining Rs0.61 to close at Rs6.69 and PIA Holding Company with 17.2 million shares, gaining Rs0.68 to close at Rs16.31.

Foreign investors were net sellers of shares worth Rs51.7 million, according to the NCCPL.

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Pakistan

Honda CD70 Dream Latest Price, Installment Plans – Sep 2024 Update – Pakistan Observer

Published

38 منٹ ago

ستمبر 20, 2024

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Honda remains leader in bikes market, with its top-selling units like CD 70, and that’s without making any major changes as the entry-level bikes look almost same for a long time. As the CD-70 remains its most selling model, bikes like the CD-70 Dream and Pridor are considered a niche products.

Despite failing to achieve top sales, CD 70 Dream is still in the market, featuring air-cooled, 4-stroke engine that delivers smooth performance and impressive fuel economy, often averaging around 60-70 km/l, making it ideal for daily commuting.

The bike looks better with stylish and modern design with attractive graphics, as compared to simple CD70. People also like its comfort as built quality remains optimum, comparing to other players.

Its pricing makes it accessible to a wide audience, including students and working professionals, solidifying its status as a favorite among motorcycle enthusiasts in Pakistan.

As bikes prices remain out of hands, people are having hard time to upgrade their ride while companies also face low sales.

Honda CD 70 Dream Price

The price of Honda CD70 Dream is Rs168,900 in September 2024.

Honda CD 70 Dream Installments

Installment Plans	Monthly Payments
3 months	Rs56,300
6 months	Rs28,300
9 months	Rs21,890
12 months	Rs17,200
24 months	Rs10,170
36 months	Rs7,800

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Pakistan

Check Property Ownership in Lahore, other Punjab cities Online – Pakistan Observer

Published

2 گھنٹے ago

ستمبر 20, 2024

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If you live in Lahore or any other city in Punjab; you might have faced difficulties in getting land record in previous years, but now the government made the land verification process smooth with digitization.

To curb the menace of land mafia and to help residents of Punjab, the government rolled out a systematic process and also eased the process of property transfers and real estate transactions.

A new verification system is Live by provincial authorities to check the legitimacy of properties available for purchase or investment across the region of 110 million people.

The relevant authority in this regard is Punjab Land Record Authority which oversees management and maintenance of land records. You can get different services, including ability to search for and view land records, as well as request copies of documents.

Check Property Ownership Online 2024

Here’s Step by Step Guide To Check property ownership

Step 1: Please visit PLRA portal at Punjab-zameen.gov.pk.

Step 2: Find ‘Property Registration,’ on home and click on https://rodportal.punjab-zameen.gov.pk/.

Step 3: It will ask you to select your district and service center.

Step 4: You can search by different options including Bahi number, ID card, registration number, or by person name.

Step 5: After entering details, please advance to ‘Search’ to get the land ownership.

With latest updates, you can check data on number of property transfers in last 36 months.

Beware of These Illegal Housing Societies in Lahore – September 2024 Update

Pakistan

Suzuki Bolan discontinued in Pakistan after 36 years; Here’s replacement for ‘Carry Dabba’ – Pakistan Observer

Published

3 گھنٹے ago

ستمبر 20, 2024

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LAHORE – Finally, it’s time to say goodbye to the iconic Suzuki Bolan as Pak Suzuki pulled plugs to replace the minivan with another model. Over the last 3.5 decades, Suzuki Bolan enjoyed decent sales and was valued for its flexibility, serving a multi-passenger vehicle and for commercial purposes.

Amid shift in auto landscape in Pakistan, Bolan becomes latest drive to be discontinued after Suzuki Mehran, which you can still spot.

Pictures of Suzuki Bolan’s last batch surfaced online, and Pakistanis hit nostalgia as many grew up in this vehicle. The final chassis number marked as 01151691. The country’s oldest automaker and maker of Bolan also confirmed discontinuation of the 800cc Carry Dabba.

The company decided to replace Bolan for its outdated design and lack of safety features. Amid its low sales, consumer demand for a modern replacement like Changan Karvaan increased.

Suzuki Every to Replace Bolan

Suzuki earlier mentioned that Every will replace Bolan, and one of its recent model was unveiled at a recent auto show.

The launch of Every models faced delays due to import challenges and it is expected to launch in mid October.

Suzuki Bolan Price in Pakistan

Pakistan

Gold prices reach historic high in Pakistan – Pakistan Observer

Published

4 گھنٹے ago

ستمبر 20, 2024

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