Stocks that contributed positively include POL (+10pts), KTML
(+4pts), NRL (+2pts), SCBPL (+2pts), and LOTCHEM (+2pts).
I am pleased to inform that the majority of the bed sheets that you can see in HEMA and IKEA are actually produced in KTML
. Pakistan has a new position in wider width printing and this gives Pakistan a unique place in the textile industry around the globe.
Secondly, the govt is expected to rationalize taxation of holding companies on inter-corporate dividend, which will be positive for Holding companies like ENGRO, INIL, KTML
, LUCK etc.
"I want to congratulate KTML
for being a pioneer in its thinking about the issue of sustainability in its energy mix.
Performance came amid heavy support from consumer discretionary (+1.41 per cent), materials (+1.36 per cent), financials (1.35 per cent) and utilities (+1.24 per cent) with major push coming from NML (+4.07 per cent), KTML
(+2.78 per cent), LUCK (+2.43 per cent), ENGRO (+1.01 per cent), DGKC (+2.84 per cent), FFBL (+4.68 per cent), EFERT (+1.25 per cent), HBL (+2.09 per cent), MCB (+2.70 per cent) and SNGP (+2.59 per cent).
Some recovery was seen in Banks and Cements, while textiles such as KTML
and NML also performed better.
LAHORE -- The PML-N government's business-friendly policies have encouraged Kohinoor Textile Mills Limited (KTML
) group to invest Rs 6 billion in 40 MW coal power project at its Maple Leaf Cement Factory.
Stocks that contributed negatively include FCCL (-8pts), PSO (-7pts), SPWL (-5pts), KTML
(-5pts) and HBL (-4pts).
This coupled with export led policies of new Govt., caused NCL, NML and KTML
to gain 13 percent during the week.
Contribution to upside came from HUBC (+1.9 per cent), SNGP (+2.12 per cent), KAPCO (+1.09 per cent), MCB (+1.34 per cent), BAHL (+1.37 per cent), NBP (+2.81 per cent) and SEARL (+3.1 per cent) while NESTLE (-5 per cent), KTML
(-2.32 per cent), THALL (-1.38 per cent), LUCK (-1.21 per cent), ENGRO (-0.66 per cent) and DAWH (-1.34 per cent) weighed down on market performance.
Major companies scheduled to announce results next week include ENGRO, PSMC, INDU, MLCF, FATIMA, EFERT, PIOC, MTL, KTML
, ABL, MCB, SEARL, and ICI.
Stocks that contributed negatively include NATF (-3pts), KTML
(-3pts), SHEL (-3pts), EFUG (-3pts) and ABOT (-3pts).