On the flipside POL PPL and MEBL
We estimate HBL (with low levels of PIB investments relative to its deposit base) and MEBL
(Islamic asset mix) will face annualized earnings attrition of 2.
3%WoW, due to the announcement of a contingent dividend for minority shareholders, MEBL
, HBL and FFC.
Gainers leading the bourse this week were EFERT, AKBL, MEBL
, FFC and HBL.
Banking results will be critical in determining the market direction, with MCB, ABL, BAFL, and MEBL
reporting results next week.
Another sector in the limelight this week was banking, where SBP decided to block the sale of majority stake of MEBL
by Kuwait's Noor Financial citing concerns regarding suitability of prospective buyers.
Major results included NBP, MEBL
and PSMC where NBP result Was significantly lower than expected, and the stock thus lost 8% during the week.
Top losers during the week were INDU, EFOODS, PTC, MEBL
Key results this week included results of FFC, EFOODS and MEBL