AKD Daily Pakistan Strategy: CY21 ends with a whimper - CY22 dependent on IMF Friday finally brought down curtains on a disappointing CY21 where the index performance clearly fell short of the expectations, closing at 44,596 points level, returning ~3%on a YoY basis. For Dec’21 alone, the market returned –ve 1.1%MoM over uncertainty on tabling of “mini-budget” and SBP-amendment bill in order to revive the IMF program. Strong corporate profitability growth during CY21 largely remained u...
AKD Daily Air Link IPO: Subscribe till PkR80/sh Air Link Communication Limited has filed intention for a listing on the PSX, with book building scheduled to take place on 30th Aug’21 and 31st Aug’21. The offering includes new shares issuance raising PkR3.9bn while OFS component is worth PkR1.9bn, at a base price of PkR65/sh with the cumulative amount at PkR5.8bn— the largest IPO in Pakistan’s history. The company is one of the leading and largest distributors of mobile phones in Pakistan w...
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