Fast Cables Limited (FCL): held its analyst briefing earlier today to brief investors about FY25 results and future outlook – By AKD Research
Nov 7 2025
AKD Securities
- FCL reported revenue of PkR31.9bn in FY25, down 11%YoY, due
to subdued domestic demand, slower public projects, and heightened competition
across segments. Net profit stood at PkR1.3bn (EPS: PkR2.03), down 33%YoY.
- Gross margins compressed to 16.9% (vs. 18.7% in FY24), due
to weaker pricing power and commodity price volatility, with copper and
aluminum prices up ~10%YoY.
- Established in 1985, FCL operates 6,000+ cable SKUs, has a
nationwide network of 350+ dealers, and various global certifications systems.
It operates two CCV lines, along with Aluminum and Alloy manufacturing
facilities.
Fast Cables Limited (FCL): held its analyst briefing earlier today to brief investors about FY25 results and future outlook – By AKD Research
Nov 7 2025
AKD Securities
- FCL reported revenue of PkR31.9bn in FY25, down 11%YoY, due
to subdued domestic demand, slower public projects, and heightened competition
across segments. Net profit stood at PkR1.3bn (EPS: PkR2.03), down 33%YoY.
- Gross margins compressed to 16.9% (vs. 18.7% in FY24), due
to weaker pricing power and commodity price volatility, with copper and
aluminum prices up ~10%YoY.
- Established in 1985, FCL operates 6,000+ cable SKUs, has a
nationwide network of 350+ dealers, and various global certifications systems.
It operates two CCV lines, along with Aluminum and Alloy manufacturing
facilities.
Fast Cables Limited (FCL): FY25 & 1QFY26 Corporate Briefing Takeaways – By Taurus Research
Nov 7 2025
Taurus Securities
- Fast Cables Limited (FCL) manufactures over 10 types of
cables with over 6,000 product SKUs. It has a nationwide network of 350+
dealers and branch offices in every province. Its products and state of the art
manufacturing and testing facilities are internationally certified. FCL has the
privilege of being the only Pakistani Company to have acquired a number of
these certifications. As the market leader in its industry, FCL has a large
number of clients for whom it has facilitated industrial, commercial, housing,
and public sector projects. FCL’s product portfolio also includes lights,
metals, and PVC.
- FCL’s ‘Fast Tasdeeq’ service allows its customers to verify
whether or not they have purchased a counterfeit product. The service can be
used via SMS and each cable coil’s unique identification code.
- During FY25, FCL recorded PKR 32Bn in revenue, down 11%YoY.
The gross margin decreased by ~2ppts to 17%. Its net profit was recorded at PKR
1.27Bn, down 32%YoY. As a result, FCL recorded an EPS of PKR 2.03/sh compared
to PKR 3.68/sh in the SPLY. FCL paid a 5% dividend at PKR0.5/sh in addition to
bonus shares of 2.5% (25 for every 100).
Pakistan Market Wrap: KSE-100Dips as Investors Lock Profits Amid Global Tensions – By HMFS Research
Feb 19 2026
HMFS Research
- The KSE-100 index endured intense selling pressure today as
investors aggressively moved to lock in gains, resulting in a sharp and
broad-based correction across the equity market. The benchmark plunged to an
intra-day low of 7,206 points, with heavyweights from the fertilizer, banking,
and E&P sectors leading the downturn. Escalating geopolitical tensions
between the US and Iran dampened investor sentiment, triggering widespread
profit-taking and amplifying volatility. By the close of the session, the index
settled at 172,170, marking a record decline of 6,683 points (down 3.74%) from
the previous day’s close.
- Trading activity remained relatively moderate, with volumes
recorded at 229mn shares on the KSE-100 index and 540mn shares in the overall
market. The day’s volume leaders included WTL (84mn), KEL (62mn), and TSBLR1
(46mn). Going forward, market direction is likely to remain contingent upon
geopolitical developments and evolving domestic economic indicators.
Additionally, forthcoming result announcements from blue-chip companies could
provide selective support to the benchmark. In this environment, investors are
advised to remain vigilant, carefully assess market dynamics, and focus on
fundamentally strong stocks offering sustainable long-term growth potential.
Pakistan Market Wrap: The benchmark index closed on a sharply negative note – By IIS Research
Feb 19 2026
Ismail Iqbal Securities
- The benchmark index closed on a sharply negative note,
declining from the outset amid global uncertainty and rising oil prices, which
weighed on investor sentiment. Trading volumes decreased to 229mn shares today
as compared to 425mn shares in the previous session. Today, the KSE-100 index
lost 6,683 points to close at 172,170 level, down by -3.74% DoD. Banks, Cement,
and E&Ps sectors were the major laggards in today's session, cumulatively
shedding 3506 points from the index.
Oil & Gas Development Co. (OGDC): Expanding frontier footprint; BUY reiterated – By Topline Research
Feb 19 2026
Topline Securities
- We reiterate our BUY stance on Oil and Gas Development
Company (OGDC), with a Mar-27 Target Price (TP) of Rs419/share, implying a
total return of 48% (including dividend yield of 5%). The stock was highlighted
as a top pick in our 2026 strategy report released on Nov 08, 2025. Since then,
OGDC has delivered a return of 19%, outperforming the benchmark by 11%.
- This is despite a recent correction of 12.1% in the stock
price over the last one month, amid concerns surrounding the Reko Diq project,
which we believe have overplayed.
Pakistan Market Wrap: KSE-100 closes at 172,170 down 6,683 points – By Alpha-Akseer Research
Feb 19 2026
Alpha Capital
- The equity market commenced the session on a negative
footing and remained under sustained selling pressure throughout the day. The
KSE-100 Index witnessed significant intraday volatility, fluctuating between
171,647 and 179,280 before settling at 172,170—down 6,683 points at close.
Total traded volume on the main board reached 215.5 million shares, with an
aggregate value of PKR 21.2 billion.
- Key contributors to the index decline included FFC (-3.3%, -
539 points), ENGROH (-3.8%, -350 points), UBL (-2.4%, -347 points), OGDC
(-4.7%, -302 points), and PPL (-5.5%, -298 points). On the activity front, KEL
and BOP dominated volumes, with 58.8 million and 28.1 million shares traded,
respectively.
Faysal Bank Ltd (FABL): 4QCY25 Result Review – By AKD Research
Feb 19 2026
AKD Securities
- Faysal Bank Ltd (FABL) announced its 4QCY25 financial
results earlier today, wherein the bank posted NPAT of PkR6.7bn (EPS: PkR4.4)
for the quarter, up 105%YoY/34% QoQ. The result is above our expectations due
to higher than anticipated gain on sale of securities. In addition to the
result, bank announced a final cash payout of PkR2.0/ sh, below our
expectations of PkR2.5/sh, taking CY25 cash payout to PkR6.5/sh.
- Net spread earned was recorded at PkR17.6bn in 4QCY25, down
by 13%YoY/1% QoQ due to reduction in yields along with impact of MDR
introduction on saving accounts.
D.G. Khan Cement Company Limited (DGKC): Result Preview 2QFY26 – By AHCML Research
Feb 19 2026
Al Habib Capital Markets
- D.G. Khan Cement Company Limited is scheduled to announce
its 2QFY26 results on 23 February 2026 and is expected to report a PAT of PKR
2,652 million (EPS: PKR 6.05), down 2.5% YoY.
- Quarterly sales are projected at PKR 19,932mn, down 8.1%
YoY, mainly due to lower exports after the Afghan border closure.
Attock Cement Pakistan Limited (ACPL): Result Preview 2QFY26 – By AHCML Research
Feb 19 2026
Al Habib Capital Markets
- Attock Cement Pakistan Limited is scheduled to announce its
2QFY26 results on 23 February, 2026 and is expected to report a PAT of PKR
1,027 million (EPS: PKR 7.48), up 76.8% YoY, driven by higher retention prices,
volumetric growth, and the addition of a 4.8MW wind mill.
- Sales revenue for the quarter is expected to reach PKR
11,622 mn, up 30.20% YoY.
Faysal Bank Limited (FABL): 4QCY25 Result Review – By Taurus Research
Feb 19 2026
Taurus Securities
- 4QCY25 EPS: PKR 4.6. 4QCY25 PAT up 95%YoY. CY25 PAT down
6%YoY. Further, FABL has also announced a final cash dividend of PKR 2.00/sh.,
taking the CY25 dividend payout to PKR 6.5/sh.
- Net Spread Earned (NSE): Remained flattish compared to the
previous quarter on account of pressure on margins due to plateauing asset
yields and slight uptick in the cost of funds. Overall, NSE declined 1%QoQ.
Technical Outlook: KSE-100 expected to test resistance at the 50-DMA – By JS Research
Feb 19 2026
JS Global Capital
- KSE-100 index showed sharp recovery to close at 178,853
level, up 5,703 points DoD. Volumes stood at 698mn shares versus 716mn shares
traded previously. The index is expected to test resistance at 179,699 (50-DMA)
where a break above that will target the 30-DMA currently at 184,064 level.
However, any downside will find support between 175,800 and 177,385 levels,
respectively. The RSI and the Stochastic Oscillator have moved up, supporting a
recovery view. Investors are recommended to 'Buy on dips', with risk defined
below 175,796 level. The support and resistance are at 175,796 and 180,442
levels, respectively.
Morning News: IT exports rise 20pc in 7MFY26 – By IIS Research
Feb 19 2026
Ismail Iqbal Securities
- Information technology (IT) exports surged 20 per cent
year-on year (YoY) to reach $2.6 billion in the first seven months of FY26,
according to a Topline Research report issued on Wednesday.
- Foreign Direct Investment (FDI) in Pakistan fell sharply 51
percent during the first seven months of the current fiscal year (FY26).
Faysal Bank Ltd (FABL): 4QCY25 Result Review – By AKD Research
Feb 19 2026
AKD Securities
- Faysal Bank Ltd (FABL) announced its 4QCY25 financial
results earlier today, wherein the bank posted NPAT of PkR6.7bn (EPS: PkR4.4)
for the quarter, up 105%YoY/34% QoQ. The result is above our expectations due
to higher than anticipated gain on sale of securities. In addition to the
result, bank announced a final cash payout of PkR2.0/ sh, below our
expectations of PkR2.5/sh, taking CY25 cash payout to PkR6.5/sh.
- Net spread earned was recorded at PkR17.6bn in 4QCY25, down
by 13%YoY/1% QoQ due to reduction in yields along with impact of MDR
introduction on saving accounts.
Cherat Cement Company Ltd. (CHCC): Earnings declined on lower prices – By AKD Research
Feb 18 2026
AKD Securities
- Revenue declined by 11%YoY to PkR9.4bn, mainly due to 13%YoY
drop in local retention prices despite 11%YoY higher local offtakes. Notably,
total offtakes declined by 2%YoY to 0.64mn tons due to lower exports amid
Afghan border closure.
- Gross margins slightly improved to 36.3% from 36.0% in SPLY,
driven by higher proportion of local sales in the mix.
Pakistan Petroleum Limited (PPL): Earnings dip on higher opex and normalized taxation charge – By AKD Research
Feb 13 2026
AKD Securities
- Pakistan Petroleum Limited (PPL) reported 2QFY26 financial
results earlier today, with consolidated earnings clocking in at PkR20bn for
the second quarter (EPS: PkR7.40), down 26% YoY — slightly below expectations.
Alongside the result, company also announced a half-yearly cash dividend of
PkR2.0/sh, taking cumu lative cash payout to PkR4.0/sh for the first half
(payout ratio: 27%).
- Net Sales stood at PkR61.8bn during 2QFY26, up 1%YoY.
Regarding hydrocar bon production, PPL’s estimated oil and gas output clocked
in at 11.1kbpd (up 4%YoY) and 554mmcfd (down 1%YoY) as per PPIS data.
Askari Bank Limited (AKBL): 4QCY25 Result Review – By AKD Research
Feb 9 2026
AKD Securities
- Askari Bank Limited (AKBL) announced its 4QCY25 financial
results earlier today, wherein the bank posted NPAT of PkR4.8bn (EPS: PkR3.3)
for the quarter, down 32% YoY/36%QoQ. The result is below our expectation due
to higher provisioning and non markup expenses. In addition to the result, bank
announced a final cash payout of PkR1.75/sh, taking full-year CY25 cash payout
to PkR5.0/sh.
- NII was recorded at PkR22.2bn in 4QCY25, up by 14%YoY/down
by 3%QoQ, due to increase in asset book despite decline in yields.
Technical Outlook: KSE-100: Range bound activity witnessed – By AKD Research
Dec 24 2025
AKD Securities
- The index opened on a strong note but moved within a narrow
range throughout the session, posting an intraday high of 663 points and a low
of 236 points. It ultimately closed 130 points lower at 171,074. Investor
participation weakened, with trading volumes dropping by 27% compared to the
previous session. The MACD remains bullish as it continues to trade above its
signal line, having crossed above it 25 sessions ago. Since the MACD moved
above its moving average, the Index has gained 6.30%, fluctuating between a
high of 172,674.66 and a low of 160,564.84. Meanwhile, the daily Parabolic SAR
is positioned below the current index level, indicating a continuation of the
prevailing uptrend.
- Technically, the immediate support is seen at 170,900 and a
breach below this could extend the decline toward 170,300 and 169,800. Conversely,
resistance is expected around 171,800, followed by 172,500 and 173,000. It is
recommended to accumulate positions on weakness with risk defined below support
zone.
Technical Outlook: KSE-100: Upward ride continues – By AKD Research
Dec 19 2025
AKD Securities
- The index began the session on a strong footing and
maintained its bullish bias throughout the day, reaching an intraday high of
1,935 points. It eventually closed with a hefty gain of 1,647 points at
171,961. Investor participation eased, as trading volumes slipped by 10% compared
to the previous session. KSE100 ended the day 11.1% below the upper Bollinger
Band, while the bands themselves are 3.36% wider than normal. The MACD remains
bullish, trading above its signal line, which it crossed 22 sessions ago. Since
that crossover, the Index has advanced 6.85%, moving within a range of 172,249
on the upside and 160,565 on the downside.
- Technically, the immediate support is seen at 171,500 and a
breach below this could extend the decline toward 170,800 and 170,300. Conversely,
resistance is expected around 172,500, followed by 173,100 and 173,900. It is
recommended to accumulate positions on weakness with risk defined below support
zone.
Morning News: KSE-100: Making a higher high – By AKD Research
Dec 16 2025
AKD Securities
- The index opened on a strong note and witnessed increased
volatility during the session, touching an intraday high of 1,137 points. It
ultimately settled at 170,741, registering its highest-ever close with a gain
of 877 points. Market participation strengthened, as trading volumes jumped by
33% compared to the previous session. The Index is currently trading 22.5%
above its 200-period moving average, indicating a clear upward trend. There is
a likelihood of rising volatility and sharp price swings in the near term.
Volume indicators show moderate in flows into the Index, suggesting a mildly
bullish undertone. Trend forecasting oscillators remain bullish and have
maintained this stance for the past 13 trading sessions.
- Technically, the immediate support is seen at 170,200 and a
breach below this could extend the decline toward 169,700 and 169,300. Conversely,
resistance is expected around 171,100, followed by 171,500 and 172,000. It is
recommended to accumulate positions on weakness with risk defined below support
zone.
Technical Outlook: KSE-100: Closed at historic high – By AKD Research
Dec 10 2025
AKD Securities
- The index opened on solid ground and carried its bullish
momentum through the session, touching an intraday high of 1,298 points. It
wrapped up the day with a strong gain of 1,153 points, closing at 169,456.
Investor interest strengthened noticeably, as trading volumes jumped 32% from
the previous session. A long lower shadow emerged on the candle, a typically
bullish signal. Over the last 10 sessions, the market has posted 6 positive and
4 negative closings, signaling a mild upside bias. The index also opened with
an upside gap on healthy volumes which is an indication that raises the
likelihood of a runaway gap, often indicative of a sustained continuation in
trend.
- Technically, the immediate support is seen at 169,000 and a
breach below this could extend the decline toward 168,300 and 167,800. Conversely,
resistance is expected around 170,000, followed by 170,700 and 171,500. It is
recommended to accumulate positions on weakness with risk defined below support
zone.
Technical Outlook: KSE-100: Bullish session amid improved volumes – By AKD Research
Dec 8 2025
AKD Securities
- The index began the day on a strong footing and stayed
bullish throughout the previous session, reaching an intraday high of 1,640
points. It eventually closed with a mild gain of 802 points at 167,086. Market
participation strengthened, as trading volumes rose by 35% from the prior
session. KSE100 is currently trading 21.4% above its 200-period moving average,
indicating a continued upward trend. Volatility remains extremely low relative
to the average over the last 10 sessions. Volume indicators show moderate
inflows into the Index, reflecting a mildly bullish tone. Trend-forecasting
oscillators also remain bullish and have maintained this stance for seven consecutive
periods.
- Technically, the immediate support is seen at 166,500 and a
breach below this could extend the decline toward 165,800 and 165,100. Conversely,
resistance is expected around 167,800, followed by 168,500 and 169,100. It is
recommended to accumulate positions on weakness with risk defined below support
zone.
Technical Outlook: KSE-100: Low volumes given little price action – By AKD Research
Dec 5 2025
AKD Securities
- The index started the day on a strong note but became
volatile as trading progressed, hitting an intraday high of 672 points and a
low of 259 points. It ultimately closed with a modest gain of 138 points at
166,284. Market participation declined, with trading volumes falling by 35%
compared to the previous session. Over the past 10 sessions, the market has
seen 4 positive closes and 6 negative closes, resulting in a net of 2 negative
sessions. Volume indicators show moderate inflows into the Index, reflecting a
slightly bullish tone. Trend forecasting oscillators remain bullish and have
maintained this stance for the past six sessions.
- Technically, the immediate support is seen at 165,800 and a
breach below this could extend the decline toward 165,200 and 164,500. Conversely,
resistance is expected around 166,800, followed by 167,500 and 168,100. It is
recommended to accumulate positions on weakness with risk defined below support
zone.
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Relative Strength Index (RSI)
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