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Meezan Bank Limited (MEBL) - Corporate Briefing Key Takeaways (Feb 26, 2025)

Today's FIPI Net: +0.03(US$mn) Today's Foreign Corporate Net: -0.27(US$mn)

Topline Market Review (Feb 26, 2025): Market Pauses Rally as Profit-Taking Sparks Volatility After two days of strong buying by local mutual funds, as reflected in NCCPL data, the market took a breather today as investors opted for profit booking, resulting in a volatile session. The benchmark index fluctuated between an intraday high of 234 points and a low of 678 points before settling at 113,862, down 665 points (-0.58%). The downward movement was primarily driven by ENGROH, OGDC, PPL, MARI, and PSO, which collectively shaved 417 points off the index. From the power sector, HUBC announced its financial results for 2QFY25, reporting an EPS of Rs. 3.25, which fell short of expectations due to lower gross profits and higher other expenses. However, the company declared a Rs. 5/share dividend, exceeding industry estimates. Despite the index's decline, market activity remained strong, with 639.8 million shares traded and a total turnover of Rs. 22.7 billion. CNERGY led the volume charts, with 83.8 million shares exchanging hands, reflecting continued investor interest. Regards Topline Sales Desk

Pakistan Stock Exchange - Key Statistics

Hub Power Company (HUBC): 2QFY25 EPS at Rs3.25, down 72% YoY and 78% QoQ – lower than expectations (Feb 26, 2025)

HUBC: 2QFY25 EPS at Rs3.25 vs EPS Rs11.78 in 2QFY24 down 72% YoY and 78% QoQ - Earnings lower than expectations due to lower than expected consolidated gross profit and higher other expenses 2QFY25 DPS Rs5 - Higher than expectations.

According to an analyst at Topline Securities, the earnings exceeded industry expectations, primarily driven by higher-than-anticipated gross margins. The company’s net revenue surged by 24 per cent YoY and 8.0 per cent quarter-on-quarter (QoQ) to Rs24.89 billion, benefiting from increased total dispatches. Domestic dispatches grew by 17 per cent YoY and 14 per cent QoQ to 1.33 million tons, while export dispatches rose 42 per cent YoY but saw a slight 2.0 per cent QoQ decline to 0.16 million tons. https://lnkd.in/dSCqCFBY

Analyst Naveed Nadeem at Topline Securities said the KSE-100 index showed an upward trend, supported by local fund buying, as reported by NCCPL. It reached a high of 115,890 points before closing at 114,528 points, gaining 198 points or 0.17 per cent. https://lnkd.in/d5HkDcJZ

Board Meetings & Corporate Briefing