Kohat Cement Company Limited (KOHC): FY25 Analyst Briefing Takeaways – By Foundation Research
Nov 11 2025
Foundation Securities
Kohat Cement Company Limited (KOHC PA) held its 1QFY26
analyst briefing today to discuss financial/operational performance and outlook
of the company.
Kohat Cement Company Limited (KOHC PA) profitability clocked
in at PKR 2.9Bn (EPS: PKR 3.20/sh) in 1QFY26 vs. PKR 3.4Bn (EPS: PKR 3.74/sh)
during 1QFY25. In FY25, KOHC profitability was reported at PKR 11.6Bn (EPS: PKR
12.59/sh) as compared to PKR 8.9Bn (EPS: PKR 9.67/sh) in FY24.
In 1QFY26, local retention prices settled at PKR 14.6k/ton
vs. cost incurred of PKR 9.6k/ton. However retention prices in FY25 stood at
PKR 16.1k/ton vs. PKR 14.9k/ton in the year prior. Recently prices have
increased which would offset impact of surge in coal prices thereby gross
margins will sustain.
Fauji Fertilizer Company Limited (FFC): Acquiring of 25% in FFBL Power Company Limited (FPCL) – By Topline Research
Nov 11 2025
Topline Securities
As per company notice, Fauji Fertilizer Company Limited
(FFC) board has approved acquisition of 214,687,500 ordinary shares of FFBL
Power Company (FPCL) (25% of the paid capital) from the Parent Company Fauji
Foundation. Post this acquisition, total ownership of FFC in FPCL will increase
to 100%.
For this purpose, swap ratio has been calculated as per
valuation report which translates 1 share of FFC against a consideration of
13.49 shares of FPCL.
FFC will issue 15,914,566 ordinary shares at a par value of
Rs10 per share, representing approximately 1.1% of the company’s paid-up share
capital before the issue. The issuance will result in minimal dilution for
existing shareholders.
Pakistan Market Wrap: Pakistan Stock Exchange Suffers Sharp Sell-off Amid Renewed Geopolitical Tensions – By HMFS Research
Nov 11 2025
HMFS Research
The Pakistan Stock Exchange (PSX) witnessed a sharp downturn
today, as the benchmark KSE-100 Index plunged over 3,700 points, marking one of
the steepest single-day declines in recent sessions. The sell-off came amid
renewed geopolitical tensions and a fragile domestic security environment,
prompting investors to adopt a distinctly risk-averse stance. Selling pressure
persisted throughout the session, dragging the benchmark to an intra-day low of
157,766, before closing marginally higher at 157,871, down 3,668 points for the
day. Volumes remained steady, with 291mn shares changing hands on the KSE-100
Index and 835mn on the broader All-Share Index. The most actively traded scrips
included FNEL (77mn), KEL (67mn), and WTL (47mn). The sharp reversal came on the
heels of Monday’s rally, as political and security developments took center
stage once again.
A day after the Senate passed “The Constitution
(Twenty-Seventh Amendment) Bill, 2025”, added an element of political
uncertainty to the trading floor. Investor sentiment was further undermined
following a blast in Islamabad, intensifying concerns over the domestic
security outlook. Going forward, market sentiment is expected to remain largely
cautious, with investors likely to seek clarity on both the evolving political
landscape and security situation, alongside monitoring external cues. Investors
are advised to exercise prudence in short-term positioning, focusing on
fundamentally resilient names with stable earnings visibility and
opportunities.
Pakistan Market Wrap: The benchmark index closed on a negative note today – By IIS Research
Nov 11 2025
Ismail Iqbal Securities
The benchmark index closed on a negative note today, weighed
down by heightened geopolitical tensions and a bomb blast incident in
Islamabad. The compromised security environment hurt investor sentiment,
leading to aggressive profit-taking and dampening market momentum. Trading
volumes increased to 291mn shares today as compared to 225mn shares in the
previous session. Today, the KSE-100 index lost 3,668 points to close at
157,871 level, down by -2.27% DoD. Commercial Banks, Oil & Gas Exploration
Companies, and Cement sectors were the major laggards in today's session,
cumulatively shedding 1721 points from the index.
Pakistan Market Wrap: KSE-100 closes at 157,871 down 3,668 points – By Alpha-Akseer Research
Nov 11 2025
Alpha Capital
The equity market opened on a weak note and continued to
trade in negative territory throughout the session. The KSE-100 Index recorded
an intraday high of 161,517 and a low of 157,766, before settling at 157,871 —
down by 3,668 points. Overall market activity remained muted, with a total
trading volume of 289.3 million shares and a traded value of approximately PKR
25.8 billion.
Key stocks contributing to the index’s decline included
ENGROH (-3.5%, -264 points), OGDC (-3.9%, -220 points), HUBC (-3.0%, -198
points), NBP (-4.4%, -173 points), and MARI (-2.9%, -168 points). In terms of
volumes, KEL and BOP dominated the activity with 66.8 million and 45.2 million
shares traded, respectively.
Agriauto Industries Limited (AGIL): Corporate Briefing Notes – By Chase Research
Nov 11 2025
Agriauto Industries Limited recorded consolidated earnings
per share of PKR 6.62 in FY25, as compared to loss per share of PKR 9.65 in
FY24.
The company recorded net sales of PKR 11.9 Bn, up 39% from
PKR 8.5 Bn in FY24. Along with this, it saw its gross margin expand from 5% in
FY24 to 10% in FY25. As a result, gross profit surged 216% from PKR 389 Mn in
FY24 to PKR 1.2 Bn in FY25.
Nishat Chunian Limited (NCL): Corporate Briefing Notes – By Chase Research
Nov 11 2025
NCL has reported standalone earnings per share of PKR 3.29
in FY25 (FY24: PKR 2.88). Furthermore, in 1QFY26 the company reported EPS of
PKR 2.18 (1QFY25: PKR 0.15).
The company generated 63% of its sales from the domestic
market and 37% from exports. Spinning remained the leading revenue contributor
with a 57% share, followed by Home Textile at 27% and weaving at 16%, while a
minor portion was contributed by external power sales.
The Organic Meat Company Limited (TOMCL): Corporate Briefing Notes – By Chase Research
Nov 11 2025
TOMCL has reported earnings per share of PKR 2.31 in FY25
(FY24: PKR 2.94). Furthermore, in 1QFY26 the company reported EPS of PKR 0.92
(1QFY25: PKR 1.01). The net profit margin has fallen predominantly because of
the change in taxation. The effective tax rate has increased significantly.
Previously, under final fixed tax regime, where income tax
was pegged at 1% on export turnover/proceeds. The effective tax rate was
previously around 18.5% to 20%.
Pakistan Petroleum Limited (PPL): Corporate Briefing Session Insights – By HMFS Research
Nov 11 2025
HMFS Research
Pakistan Petroleum Limited (PPL) conducted its corporate
briefing session, outlining operational highlights, strategic developments, and
future growth priorities. The management emphasized stability in core
operations, progress on international ventures, and diversification into
minerals as key pillars for sustaining long-term value.
PPL’s portfolio remains extensive, comprising 21 producing
fields (nine operated and twelve partner-operated) and 46 exploratory blocks
(twenty-five operated). The company contributes nearly 19% of the country’s
total gas production (~3.8 BCFD in FY25) and 16% of local oil output (~406,000
bpd), reaffirming its leading role in Pakistan’s E&P landscape.
Meezan Bank Limited (MEBL): 9MCY25 Analyst Briefing Takeaways – By AKD Research
Nov 11 2025
AKD Securities
Bank’s profit for 9MCY25 stood at PkR67.2bn (EPS: PkR37.4),
down 13%YoY, due to lower Net Spread Earned on the back of lower policy rate.
Return on financings, investments and placements fell to
PkR312.1bn in 9MCY25, down 18%YoY from PkR378.3bn in 9MCY24, due to falling
yields.
