Muzzamil M Hussain

[Shahid Ali Habib @ShahidAliHabib1]

Alhamdulillah! I am so excited with an exceptional response to the IPO of BF Biosciences Limited, with an impressive participation of Rs. 4.7 billion. This marks a significant milestone, as it has been a considerable time since an IPO has garnered such overwhelming interest, achieving an oversubscription rate exceeding 3.4 times and a remarkable premium of 40% to floor, resulting in a strike price of Rs. 77/ share.

This extraordinary demand underscores the strong fundamentals of BF Biosciences, as well as the confidence investors have in its sponsors and management team. It is a promising development that will undoubtedly enhance the depth and vibrancy of our equity market.

Key Highlights:

• Total Demand: Rs. 4.7 billion
• Equity Raised: Rs. 1.925 billion
• Oversubscription : 3.4 times
• Strike Price: Rs. 77 (40% premium)

This successful IPO not only reflects robust investor confidence but also sets a new benchmark for the capital market in Pakistan.

We extend our heartfelt gratitude to all participants for making this achievement possible! Thank you for your trust and support!

[Muzzamil M Hussain @MuzzamilMHussa1]

Technical Analysis: 15-Aug-2024

#TechnicalAnalysis #AHL #PSX #Pakistan

[Shahid Ali Habib @ShahidAliHabib1]

Secure Logistics Group #IPO

SLG becomes the first IPO in the logistics sector on the main board of the Pakistan Stock Exchange (PSX).

Issue size of PKR 600 mn was oversubscribed with strike price of PKR 12/share. Total equity raising was 1.19 bn with 585 mn of Pre IPO.

A well-rounded participation was observed with strong participation from institutions (76%) and high net-worth individuals (24%).

Amongst institutions, financial institutions & mutual funds contributed 27% while Corporates & Others (49%).
Pre-IPO capital raise was PKR 585 mn led by existing institutional shareholders i.e. Saudi Bugshan Group and Karandaaz Pakistan translating into a total capital raise of PKR 1.19 bn.

Arif Habib Limited was the lead manager and book runner for the issue.

@pakstockexgltd @ArifHabibLtd @SECPakistan #equity #PSX

[Shahid Ali Habib @ShahidAliHabib1]

Arif Habib Limited successfully executed the maiden Short Term Sukuk of Air Link Communication Limited worth PKR 3 billion. AHL acted as an exclusive Lead Advisor and Arranger.

We would like to thank all our investors particularly Al Meezan Investments, NBP Funds, Alfalah Investments and Faysal Funds for their overwhelming response and steadfast support in the successful execution.

I am confident the company’s production, sales and export will likely grow at a faster pace going forward.

Best wishes to Airlink and its shareholders

[Shahid Ali Habib @ShahidAliHabib1]

Core inflation recedes, reaching lowest since Jan'23

SBP is expected to commence monetary easing cycle in the upcoming (Mar'24) policy with core inflation averaging 18.1% in Feb'24, marking its lowest point since Jan'23 (17.0%), and both headline and core inflation showing signs of decline.

@1sakhtar @StateBank_Pak @Financegovpk @GovtofPakistan
#MOF #GOP #PBS #Inflation #Pakistan #Economy #AHL

[Shahid Ali Habib @ShahidAliHabib1]

Pakistan’s Future is in our own hands. Every Vote Counts !

#Elections2024 #VoteForPakistan #GeneralElectionN0W #Pakistan #AHL

[Shahid Ali Habib @ShahidAliHabib1]

Monetary policy committee should consider the projected inflation numbers for the next 12 months while deciding the policy rate today.

Although Dec CPI recorded at 29.66% however the rate is sharply coming down to 19.84% for Mar and 17.47% for May YoY.

This clearly indicates that the policy rate should come down by 4% from 22% to 18% by June this year and then 3% more to reach 15% by December.

Monetary policy committee of @StateBank_Pak should start monetary easing today

[Shahid Ali Habib @ShahidAliHabib1]

Rate cut in upcoming MPS is possible

Rates in Tbills auction witnessed a decline as FIs having surplus liquidity opted to park their excess funds leading to lower bids.

We can see a possible small rate cut witnessing the recent auctions both Tbills and Ijara Sukuk
#PSX @StateBank_Pak

[Shahid Ali Habib @ShahidAliHabib1]

Gov't raised a total amount of PKR 86bn in yesterday's Ijarah Sukuk auction against the participation of PKR 618bn.

With this amount, the gov't was able to maintain the cutoff of 1yr Fixed Sukuk at 19.50% (previous: 19.52%) while cutoffs of (Fixed) 3yr and 5yr were 16.05% and 15.49%, respectively.

Next auction is scheduled for Feb 20th, 2024 (target: PKR 150bn)
#SBP #PSX

[Shahid Ali Habib @ShahidAliHabib1]

We are so proud to sponsor #IPO summit hosted by @pakstockexgltd. Excellent initiative by FM @1sakhtar, @akifsaeed65 and @FarrukhHKhan.

This event will encourage many companies to join #PSX
@SECPakistan #AHL

[Arif Habib Limited @ArifHabibLtd]

Team AHL secured victory in the Qualifying Round at IBA Alumni Premier League! 🏏🏆 Semi-final & Final match await this Saturday. We wish our Cricket Team Best of Luck for the upcoming match!

#IBAAlumniLeague #Cricket #AHL #Pakistan

[Shahid Ali Habib @ShahidAliHabib1]

In 2016, 50% of the assets under management by #mutualfunds were “Equities”, today it’s just 10%….

Mutual funds assets have grown from 530 bn to 1488 bn however equities portion declined significantly in last over 6 years
#Pakistan #PSX

[Shahid Ali Habib @ShahidAliHabib1]

PSX companies managed to post 1.3% growth in CY22 results and declined 2.7% for December quarter results for KSE100 companies

KSE100 :
39 Companies results announced (45% weight)
CY22 +1.3% compared to CY21
4Q22 -2.7% compared to CY21
#Pakistan
@pakstockexgltd

[Muzzamil M Hussain @MuzzamilMHussa1]

@RektProof Whats TG

[Yousuf M.Farooq @YousufMFarooq]

The Dar peg has broken !! Sanity prevails !

USDPKR 235 and moving

So you
Shut down industries
Get people fired
Destroy Businesses
Beg
And then the market wins !!

Genius

[Shahid Ali Habib @ShahidAliHabib1]

Bank Alfalah concludes #PSX's biggest #buyback amounting to Rs 6 bn, 11.3% of the paidup capital.
@BankAlfalahPAK #AHL @pakstockexgltd

[Syed Muzammil Shah @SyedMuzammilOFL]

1 party system,centralised media,Presidential model plan,hybrid rule by unelected members,hyper Islamisation by SNC,misogyny on state level,legislations through ordinance,delusion of Turkish serials,investment in the Khan Cult;ladies & gents,the house of cards has finally fallen.

[Syed Muzammil Shah @SyedMuzammilOFL]

Sending a woman to lead a delegation 4 talks with barbaric zealots who lock women at home &deny their right 2 education& life,is the sweetest revenge ever.If there’s 1 person a progressive Pakistani should be proud of,it’s @HinaRKhar.The shrine owner &his Kaptan should take notes

[Shahid Ali Habib @ShahidAliHabib1]

Globe Residency REIT is close end development REIT with limited life of 48 months
Objective is to construct 9 apartment towers. After sale, REIT will be dissolved and profits will be distributed
Project site is situated inside Naya Nazimbad
Fixed price IPO at Rs.10 per unit soon

[Shahid Ali Habib @ShahidAliHabib1]

Globe Residency REIT #IPO :
Resuming #IPO momentum at #PSX with Globe Residency.
Its the 1st development REIT to be listed and offering an exciting projected IRR of 25%+. Limited life of 48 months.
9 apartments towers, Meezan is partner in 3. Total 1344 apartments
@ArifHabibLtd