Initiating coverage with a ‘Buy’: We initiate coverage on Tariq Glass Ltd (TGL), with a Buy rating and Dec’23 target price of PKR 97.0/sh, offering

All Pakistan Cement Manufacturers Association (APCMA) released monthly cement numbers where the total cement dispatches for Feb’23 were reported at

To little surprise, MPC of the SBP jacked up policy rate by a sizable 300bps to 20%. Note that secondary market yields had already incorporated an