Intermarket Securities
27 Jun 2023
Pakistan Strategy: Pakistan makes last-gasp effort to rescue the IMF programme
Intermarket Securities
2 Jun 2023
Pakistan Economy: May CPI at new high of 38%, but monthly outturn is encouraging
Intermarket Securities
29 May 2023
Pakistan Fertilizer: April 2023 - Lower FFC offtake reduced industry volumes
Intermarket Securities
2 May 2023
Pakistan Economy - April CPI inches up to a new high of 36.4%
Intermarket Securities
2 May 2023
Lucky Cement: 3QFY23 Review - Resilient core profits despite sluggish demand; in line
Intermarket Securities
28 Apr 2023
Nishat Mills: 3QFY23 Result Review - Earnings beat on higher other income
Intermarket Securities
28 Apr 2023
Pioneer Cement: 3QFY23 Review - Lower offtake reduced profits; in line
Intermarket Securities
28 Apr 2023
Systems Ltd: 1QCY23 Review - Higher exchange gain elevated profits; in line
Intermarket Securities
27 Apr 2023
Cherat Cement: 3QFY23 Review: Low volumes and margins hurt profit
Intermarket Securities
27 Apr 2023
Fauji Fertilizer: 1QCY23 Review - Higher margins deliver earnings surprise
Intermarket Securities
27 Apr 2023
Kohat Cement: 3QFY23 Review - Lower margins cause a drag
Intermarket Securities
27 Apr 2023
Fatima Fertilizer: 1QCY23 Review - Higher margins lead to earnings beat
Intermarket Securities
27 Apr 2023
Systems Ltd: 1QCY23 Preview - Higher margins and Fx gains will lift earnings
Intermarket Securities
26 Apr 2023
Fauji Fertilizer Bin Qasim Ltd: 1QCY23 Review - Depressed margins and exchange losses
Intermarket Securities
20 Apr 2023
Pakistan Economy: Current account surplus of US$654mn in March 2023
Intermarket Securities
19 Apr 2023
Fauji Cement: 3QFY23 Review - Higher finance cost lead to slight earnings miss
Intermarket Securities
19 Apr 2023
DG Khan Cement: 3QFY23 Review - Higher other income leads to earnings beat
Intermarket Securities
19 Apr 2023
Systems Ltd: 4QCY22 Review - Multiple one-offs hurt earnings
Intermarket Securities
17 Apr 2023
Maple Leaf Cement: 3QFY23 Review - Earnings decline on higher expenses and lower margins
Intermarket Securities
17 Apr 2023
Systems Ltd: 4QCY22 Preview - Resilient core business to overshadow exchange losses
Intermarket Securities
17 Apr 2023
Engro Fertilizers: 1QCY23 Review - Earnings miss on higher-than-expected COGS
Intermarket Securities
13 Apr 2023
Pakistan Fertilizer- 1QCY23 Result Previews
Intermarket Securities
13 Apr 2023
Pakistan Cements: 3QFY23 Result Previews
Intermarket Securities
4 Apr 2023
Pakistan Economy – MPS Review - Another rate hike as the SBP chases inflation
Intermarket Securities
3 Apr 2023
Fatima Fertilizer: 4QCY22 Review - Earnings beat on lower tax rate and higher other income
Head of Research
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Intermarket Securities
Rahul is Head of Research at IMS and covers Strategy & Economy, and the Cement, Fertilizer and Technology sectors.
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