Day: March 27, 2024

Karachi, Oil and gas exploration companies, key players in the market with a market capitalization of Rs. 1,272,765,584,149, reported a minor index decrease from 13,260.230 to 13,246.010. Despite the decline of 14.220 points, the sector saw substantial trading with 7,236,423 turnover and Rs. 1,113,127,030.27 traded value, indicating its major role in the market dynamics and accounting for 2.041% of the total market capitalization.

Lahore, Highnoon Laboratories Ltd (HINOON), a leader in the pharmaceutical industry, declared a 200% dividend and a 10% bonus for 2024, following a 15% bonus in 2023. The company's impressive earnings per share (EPS) of Rs. 57.71* for January-February 2024 reflect its exceptional financial health and market performance. With a daily weighted average rate of Rs. 514.20 and a peak of Rs. 556, Highnoon Laboratories reinforces its commitment to innovation and shareholder returns. Listed since 1995, the company has a market lot size of 1 unit, emphasizing its industry prominence.

Karachi, The paper and board sector reported an index increase, rising from 16,714.000 to 16,796.000, a gain of 82.000 points. With a market capitalization of Rs. 78,618,349,577 and activity marked by 399,151 turnover and Rs. 16,895,196.12 traded value, the sector evidenced growth and an 0.113% contribution to the total market capitalization, highlighting its steady performance in the market.

Karachi, Hoechst Pakistan Ltd. (HPL), a significant pharmaceutical company, announced a 300% dividend for 2024, showcasing its financial strength and commitment to investors. The company's earnings per share (EPS) stood at Rs. 17.29* for the initial months of 2024, with a daily weighted average rate of Rs. 1260.00 and a high of Rs. 1422. Since its 1977 listing, Hoechst Pakistan has been a key player in the healthcare sector, with a market lot size of 20 units, reflecting its dedication to growth and innovation.

Karachi, The Engineering sector on the Pakistan Stock Exchange marked a modest increase in its index, rising by 59.980 points to 33,161.750. With a market capitalization of Rs. 105,270,562,133 and a traded value of Rs. 237,965,458.380, the sector contributes 1.126% to the market capitalization and 1.290% to the total capitalization. This uptick reflects steady growth and investor confidence in the engineering sector.

Karachi, IBL HealthCare Ltd. (IBLHL), active in the pharmaceutical industry, announced a 20% bonus for 2024, following a 10% dividend and a 10% bonus in the previous year. The company reported an earnings per share (EPS) of Rs. 4.33 for January-February 2024, indicating strong financial health. With a daily weighted average rate of Rs. 30.65 and a peak of Rs. 37.7, IBL HealthCare is committed to enhancing healthcare delivery and shareholder value. Listed since 2009, the company has a market lot size of 500 units, showcasing its operational success and market confidence.

Karachi, The Food and Personal Care Products sector on the PSX observed substantial growth, with its index increasing by 590.190 points to 62,757.350. The sector boasts a market capitalization of Rs. 814,199,979,730 and a traded value of Rs. 881,416,079.710, making up 8.711% of the market capitalization and 9.699% of the total capital traded. This performance highlights the sector's significant contribution to the market's dynamism.

Karachi, Macter International Ltd. (MACTER), known for its high-quality pharmaceutical products, declared a 32.1% dividend for 2024, following a 9.80% distribution in 2023. The company's earnings per share (EPS) of Rs. 8.58 for the early months of 2024 demonstrate its strong market position and financial stability. Trading at a daily average rate of Rs. 458.11, Macter International is focused on expanding its reach and enhancing shareholder returns. Since its 2017 listing, the company has been committed to excellence, with a market lot size of 500 units.

Karachi, The Insurance sector saw a slight decline in its index, dropping by 128.790 points to 17,787.260. The sector's market capitalization stands at Rs. 138,404,808,757, with a traded value of Rs. 165,480,090.000, contributing 1.481% to the market capitalization and 3.411% to the total capital traded. Despite the minor dip, the sector remains a crucial component of the financial market.

Karachi, Otsuka Pakistan Ltd. (OTSU), a key pharmaceutical company, faced a setback with a negative earnings per share (EPS) of Rs. (0.60) for January-February 2024, despite declaring a consistent 15% dividend for the recent years. The company’s trading rate was Rs. 131.21, reaching a high of Rs. 172.85, indicating its resilience and ongoing efforts to improve financial health. Since its 1989 listing, Otsuka Pakistan has been dedicated to providing innovative healthcare solutions, with a market lot size of 100 units.

Karachi, The Jute sector of the Pakistan Stock Exchange maintained a stable position with no change in its index, remaining at 19,109.000. Despite a market capitalization of just Rs. 193,665,726 and no traded value reported, the sector represents a minuscule 0.002% of the market capitalization and 0.000% of the total capital traded. The sector's stability underscores its niche yet consistent role in the market.

Karachi, The Searle Company Limited (SEARL), a prominent name in the pharmaceutical sector, declared a 31.13% right issue at no cost (RNIL) for 2024, following a 25% bonus in 2023. The company's earnings per share (EPS) of Rs. 0.77 for the initial months of 2024, coupled with a daily weighted average rate of Rs. 53.07 and a peak of Rs. 60.05, indicate its ongoing commitment to growth and value creation. Listed since 1993, The Searle Company continues to be a key player in healthcare, with a market lot size of 1 unit, reflecting its focus on innovation and shareholder returns.