Research Updates

Wahdat Poultry Farm

Dynea Pakistan Limited

A Structural Re-rating Opportunity

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Re-rating a Fertilizer Giant

Fauji Fertilizer Company Ltd-The Evolution of an Industrial Titan

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INDUS MOTOR COMPANY LIMITED (INDU)

Franchise Deeply Undervalued

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Spectrum Auction for NGMS/5G - 2026

Spectrum Auction for Next Generation Mobile Services (NGMS)/5G - 2026

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International Steels Limited

International Steels Limited - Recharging Growth: ISL’s Resurgence Ahead

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Interloop Limited - (ILP)

Reinforced Fundamentals Prompt Buy Revision

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Ghani Dairies Limited IPO:

Ghani Dairies Limited IPO: Capitalizing on Pakistan’s Growing Dairy Market

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Technical Analysis

KSE100 Extends Bullish Momentum, Closes at Record 186,166.82 (+2.20%)

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FEDERAL BUDGET FY 2025-2026: Detailed Review

From Deficits to Discipline: Pakistan’s Budgetary Pivot

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FERTILIZER SECTOR UPDATE

Diverging Trends as Rabi Season Nears Close

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Result Review

Maple Leaf Cement Factory Limited (MLCF) – 3QFY26

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Result Review

Result Review - United Bank Limited – 1QCY26

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Result Review

Engro Fertilizers Limited (EFERT) - 1QCY26

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Result Review

Allied Bank Limited – 1QCY26

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Market Round-Up

From Red to Green: Market Recovers on Ceasefire Expectations

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Economy

Rate Cut Alert: SBP Reduces Policy Rate by 50bps Amid Moderating Inflation

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HMFS’s Top Picks

Unlocking Success - HMFS’s Top Picks

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HMFS Strategy Report

PAKISTAN STRATEGY REPORT 2026

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HMFS Buzzer

PAMA has released the automobile production and sales figures for March 2026. The sales statistics for the major automobile assemblers are as follows:

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HMFS Buzzer

The NFDC has released the fertilizer production and off-take figures for March 26. The off-take statistics for the major manufacturers are as follows:

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Auto Sector Update

Auto Sector Update: May Auto Volumes Recover; Budget Measures Reshape Sector Outlook

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Weekly Report

Major Events

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Latest News

  • Morning News

    Most IMF targets met, $1.2bn tranche approval likely in May
  • Morning News

    First Central Asian shipment reaches Pakistan via China, bypassing Afghanistan
  • Morning News

    China praises Pak efforts for ME peace
  • Morning News

    SBP forex reserves increase $18m to $15.1bn as of April 17