FTSE Rebalancing Outflow; 10 out of 14 stocks sold out by Oct; Sold over US$65mn in Oct alone
Based on the Oct 2024 holding analysis, the FTSE benchmarked fund, Vanguard (the fund), has sold approx. US$66mn worth of stocks in Oct...
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Pakistan Banks: Listed Banks Profitability up 16% QoQ and Down 1% YoY in 3Q2024
Pakistan's listed banks profitability clocked in at Rs158bn, down by 1% YoY while up 16% QoQ in 3Q2024. Despite the decline in interest rates,...
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Boost Research
United Bank (UBL): Recorded highest ever quarterly earnings in 3Q2024
United Bank (UBL) announced its 3Q2024 result today, where the bank recorded highest ever quarterly earnings of Rs18.3bn (EPS of Rs14.96),...
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Pakistan Banks: Earnings to increase 10% QoQ and 9% YoY in 3Q2024; Market Weight Stance Maintained
Topline Banking Universe is likely to post an earnings growth of 9% YoY in 3Q2024, driven by higher Net Interest Income (NII) and Non...
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Pakistan Banks: Aggressive lending at lower rate to avoid tax; Bank-wise Sensitivity and its Impact
Many banks in Pakistan are now racing to meet the Gross Advances to Deposit Ratio (ADR) of 50% by Dec-2024 to avoid additional tax. To recall,...
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