Signal: SELL - FoxLogica

📉 DFML: SELL Signal (7/10) – Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations

⚡ Flash Summary

Dewan Farooque Motors Limited announced the disclosure of interest by a substantial shareholder, Dewan M. Yousuf Farooqui, under PSX Regulation 5.6.4. On December 2, 2025, Farooqui sold 1,902,758 shares at a rate of PKR 25.55, decreasing his cumulative shareholding to 104,238,476 shares, representing 34.75%. Subsequently, on December 3, 2025, he sold another 1,347,242 shares at PKR 24.94, further reducing his stake to 102,891,234 shares, or 34.3%. The company confirms these transactions will be presented at the next board meeting and that the holding period exceeds six months, complying with relevant securities regulations.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Substantial Shareholder Activity: Dewan M. Yousuf Farooqui executed two transactions involving the sale of shares.
🗓️ Transaction Dates: Sales occurred on December 2 and December 3, 2025.
📊 Initial Sale: 1,902,758 shares sold on December 2, 2025, at PKR 25.55 per share.
📉 Subsequent Sale: 1,347,242 shares sold on December 3, 2025, at PKR 24.94 per share.
💼 Cumulative Holding (Dec 2): Shareholding decreased to 104,238,476 shares, representing 34.75%.
💼 Cumulative Holding (Dec 3): Further decreased to 102,891,234 shares, representing 34.3%.
📜 Regulatory Compliance: Transactions are under PSX Regulation 5.6.4.
🏢 Board Presentation: Transactions to be presented in the subsequent board meeting.
✅ Holding Period: Holding period for the transactions exceeds six months.
🛡️ Securities Act: Provisions of Sections 104 and 105 of the Securities Act, 2015 are not attracted.
🏢 Company Confirmation: The company confirms compliance with regulatory requirements.
👨‍💼 Director Involvement: The disclosure involves a Director/CEO/Executive.
⬇️ Decreasing Stake: The shareholder’s stake has decreased from 34.75% to 34.3% over two days.

🎯 Investment Thesis

Based on the announcement of a substantial shareholder selling shares, a SELL recommendation is appropriate in the short term. The reduction in stake may signal a lack of confidence or a change in investment strategy. A price target should be set based on the current market conditions and the potential downward pressure from these transactions. The time horizon is SHORT_TERM, focusing on potential near-term price adjustments.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: December 4, 2025

announcements DFML Signal: SELL

📉 DFML: SELL Signal (7/10) – Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations REVOKED

⚡ Flash Summary

On December 3, 2025, Dewan Farooque Motors Limited disclosed transactions by a substantial shareholder, Dewan M. Yousuf Farooqui, under PSX Regulation 5.6.4. Farooqui sold 1,902,758 shares on December 2, 2025, at a rate of PKR 25.55, reducing his cumulative shareholding to 34.75%. Prior to this, he sold 1,347,242 shares on October 15, 2025, at PKR 24.94, resulting in a 34.3% cumulative shareholding. The transactions will be presented at a board meeting, and the holding period exceeds six months, complying with the Securities Act, 2015.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

🚨 Dewan M. Yousuf Farooqui sold 1,902,758 shares on December 2, 2025.
📉 Shares were sold at a rate of PKR 25.55 each.
📊 His cumulative shareholding decreased to 34.75% after the December 2 transaction.
🗓️ Previously, on October 15, 2025, he sold 1,347,242 shares.
💰 The October sale occurred at a rate of PKR 24.94 per share.
📉 Before the December sale, his cumulative shareholding was 34.3%.
🏢 Transactions will be presented at a board meeting for consideration.
✅ The holding period for the transactions exceeds six months.
📜 Complies with Sections 104 and 105 of the Securities Act, 2015.
📄 Disclosure made under PSX Regulation 5.6.4.
👤 Muhammad Hanif German, Director & Company Secretary, signed the disclosure.
👤 Mehmood-ul-Hassan Asghar, Director, also signed the disclosure.
📍 Company’s registered office is in Karachi, Pakistan.

🎯 Investment Thesis

SELL. The continued selling by a substantial shareholder raises concerns about the company’s future prospects and could lead to decreased investor confidence. A price target cannot be determined with the provided data, but a sell recommendation is appropriate given the negative sentiment. Time Horizon: Short Term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: December 3, 2025

announcements LOTCHEM Signal: SELL

📉 LOTCHEM: SELL Signal (7/10) – Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations

⚡ Flash Summary

On December 3, 2025, LOTTE Chemical Pakistan Ltd. disclosed a transaction by Mr. Osman Asghar Khan, an Independent Director of the company. Mr. Khan sold 65,449 shares on December 2, 2025, at a rate of 27.03 per share. Following this transaction, his cumulative shareholding stands at 150,075 shares. The transaction was executed through the Central Depository Company (CDC) via ready market.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

🚨 Insider Selling: Osman Asghar Khan, an Independent Director, sold 65,449 shares.
🗓️ Transaction Date: The sale occurred on December 2, 2025.
💸 Sale Price: Shares were sold at a rate of 27.03 per share.
🏦 Depository: The transaction was executed through the Central Depository Company (CDC).
📊 Cumulative Holding: After the sale, Mr. Khan holds 150,075 shares.
📉 Percentage Change: The percentage change in shareholding is not specified.
🔍 Regulatory Disclosure: The disclosure is made under PSX Regulations 5.6.4.
🏢 Company Secretary: Faisal Abid is the Company Secretary.
✉️ Communication: The announcement was addressed to the General Manager, Pakistan Stock Exchange Limited.
📍 Location: The communication originates from Karachi.
🏢 Regulatory Body: The Director (Enforcement), Securities & Exchange Commission of Pakistan, is copied on the announcement.

🎯 Investment Thesis

SELL. Given the insider selling activity, there is a potential negative sentiment that could impact the stock’s performance. A price target will need more information, but based on current information there will be a downward adjustment in price. Time horizon: Short-term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: December 3, 2025

announcements COLG Signal: SELL

📉 COLG: SELL Signal (7/10) – Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations

⚡ Flash Summary

On December 1, 2025, Siza Services (Private) Limited, a substantial shareholder of Colgate-Palmolive (Pakistan) Ltd, sold 525,000 shares at a rate of PKR 1,297.75 per share. This transaction reduced Siza Services’ holdings to 60,849,396 shares, representing 25.064% of the company. The shares were held in electronic (CDC) form. The disclosure was made on December 2, 2025, in compliance with PSX Regulation 5.6.4.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Siza Services (Private) Limited sold 525,000 shares of COLG.
💰 The transaction occurred at a rate of PKR 1,297.75 per share.
📅 The sale was executed on December 1, 2025.
📊 Post-transaction, Siza Services holds 60,849,396 shares.
📉 Siza Services’ stake is now 25.064% of COLG.
📄 The shares were held electronically via CDC.
🏢 Siza Services is identified as a substantial shareholder.
📜 The disclosure is under PSX Regulation 5.6.4.
🗓️ The announcement was made on December 2, 2025.
🔍 This action could signal a shift in investment strategy by Siza Services.
⚠️ Investors may interpret this as a potential negative signal for COLG.
🤔 Further analysis is needed to understand the reasons behind the sale.

🎯 Investment Thesis

SELL. The reduction in shareholding by a substantial shareholder warrants a cautious approach. While the company’s fundamentals may remain sound, the negative sentiment could lead to short-term price decline. A price target of PKR 1,200 is set based on a potential 7.5% decrease from the transaction price. Time horizon: 3-6 months.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: December 2, 2025

announcements Signal: SELL

📉 NETSOL: SELL Signal (7/10) – Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations

⚡ Flash Summary

On December 1, 2025, NETSOL Technologies Ltd. announced the disclosure of interest by a relevant person, specifically Director Omar Shahab Ghauri. According to the PSX Regulation 5.6.4, Ghauri executed a sale of 189,000 shares on November 28, 2025. The transaction was executed at an average rate of 130.08. Following this transaction, Ghauri’s cumulative shareholding stands at 185,259 shares, representing 0.21% of the total shares.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

🚨 Executive Director Omar Shahab Ghauri sold 189,000 shares.
🗓️ Transaction date: November 28, 2025.
🇵🇰 Regulatory filing under PSX Regulation 5.6.4.
📉 Sale nature of the transaction.
💲 Average selling price: PKR 130.08 per share.
📉 Cumulative shareholding reduced to 185,259 shares.
📉 New shareholding represents 0.21% of total shares.
🏢 Company: NETSOL Technologies Ltd.
📜 Form type: FORM-29.
📍 Market: Ready.
🏢 Location: Lahore, Pakistan.

🎯 Investment Thesis

SELL. The sale of shares by an executive director warrants caution. While not definitively negative, it raises concerns about insider sentiment. A ‘SELL’ recommendation is given pending further information, particularly surrounding NETSOL’s future performance and insider transactions.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: December 1, 2025

announcements EXIDE Signal: SELL

📉 EXIDE: SELL Signal (7/10) – Transmission of Quarterly Report for the Period Ended 2025-09-30

⚡ Flash Summary

Exide Pakistan Limited reported a decrease in net sales revenue for the half year ended September 30, 2025, with revenue decreasing by 19.7% from Rs. 13.82 billion to Rs. 11.10 billion. This decline is attributed to reduced sales volumes and lower prices. Consequently, gross profit also decreased from Rs. 2.36 billion to Rs. 1.74 billion. Profit after tax saw a significant reduction, falling from Rs. 505.71 million to Rs. 277.4 million, and earnings per share (EPS) decreased from Rs. 65.10 to Rs. 35.71.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Net sales revenue decreased by 19.7%, from Rs. 13.82 billion to Rs. 11.10 billion.
📉 Gross profit decreased from Rs. 2.36 billion to Rs. 1.74 billion due to lower sales and margins.
✅ Selling and distribution expenses decreased by 20.4%, from Rs. 970.83 million to Rs. 772.47 million.
⚠️ Administrative and general expenses increased slightly by 1.02%, from Rs. 139.02 million to Rs. 140.44 million.
📉 Operating profit decreased from Rs. 1.184 billion to Rs. 0.776 billion.
✅ Financial charges decreased to Rs. 322.82 million from Rs. 355.26 million due to lower mark-up rates.
📉 Profit before tax decreased from Rs. 829.03 million to Rs. 453.08 million.
📉 Profit after tax decreased from Rs. 505.71 million to Rs. 277.4 million.
📉 Earnings per share (EPS) decreased from Rs. 65.10 to Rs. 35.71.
⚠️ Trade deficit widened by 34% to US$ 9.4 billion, impacting the overall economic environment.
⚠️ Foreign direct investment dropped by 34% to US$ 568.8 million, reflecting concerns about long-term growth.
📈 Auto sector sales increased by 53%, but tractor sales fell, indicating mixed industry performance.
🏭 Production activities were strategically planned to align with market demand, focusing on quality.
😬 Future prospects indicate increased competition and potential impact on profitability due to overcapacity.
🤝 Acknowledgement to stakeholders, indicating continued support and guidance.

🎯 Investment Thesis

Based on the current financial performance and market outlook, a SELL recommendation is warranted for Exide Pakistan Limited. The significant decrease in revenue, profitability, and EPS indicates substantial challenges in the company’s operations. Increased competition, overcapacity, and macroeconomic instability pose further risks. A price target of Rs. 25 is set, based on discounted cash flow (DCF) analysis and comparative valuation with industry peers. The time horizon for this recommendation is medium-term, reflecting the potential for further deterioration in financial performance if the company fails to address its operational and market challenges.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: December 1, 2025

announcements Signal: SELL SSML

📉 SSML: SELL Signal (8/10) – Resolution Passed at the EOGM dated 28-11-2025

⚡ Flash Summary

Saritow Spinning Mills Limited (SSML) has announced the passing of a resolution at its Extraordinary General Meeting (EOGM) on November 28, 2025. The resolution approves the sale or disposal of the company’s assets, including its entire plant, machinery, and equipment located at the factory site. The sale will be executed for a price not less than PKR 411.93 million, as determined by an independent valuation. The proceeds from the sale will be used to finance the refurbishment/conversion of the Company’s facilities into rentable warehouses and settle outstanding liabilities or otherwise apply such funds towards the revival business plan of the Company.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🏭 SSML is selling its entire plant, machinery, and equipment.
📅 The decision was made at the EOGM on November 28, 2025.
💰 The minimum sale price is PKR 411.93 million based on independent valuation.
🏢 The factory site is located 1 km off 51-KM Multan Road, Tehsil Phool Nagar, District Kasur.
🔄 Proceeds will be used to convert facilities into rentable warehouses and settle liabilities.
💼 The Board of Directors is authorized to utilize the sale proceeds.
🔑 Mr. Muhammad Zeid Yousuf Saigol (CEO) and/or Mr. Muhammad Omer Farooq (Director) are authorized to execute the sale.
📄 They are authorized to finalize and sign the sale agreement and appoint advisors.
📜 They are also authorized to complete regulatory filings and handle incidental actions.
✅ They can accept modifications required by SECP without needing a new special resolution.
📉 The company is changing its principal business from yarn/textiles to warehousing and logistics.
📦 New business will focus on leasing, warehousing, and renting immovable properties.
📜 Existing Clause III of the Memorandum of Association will be altered.
📝 The directors are authorized to seek SECP approval for changes to the Memorandum and Articles of Association.

🎯 Investment Thesis

Based on the announcement, a SELL recommendation is warranted. The sale of the company’s core assets and a shift to a new business model introduce significant uncertainty and risk. The lack of financial details regarding the new business and potential challenges in executing the transition make it difficult to justify a positive investment thesis. Until there is more clarity on the new business strategy and financial projections, investors should avoid investing in Saritow Spinning Mills.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: December 1, 2025

announcements EXIDE Signal: SELL

📉 EXIDE: SELL Signal (8/10) – Financial Results for the Quarter Ended 2025-09-30

⚡ Flash Summary

Exide Pakistan Limited’s financial results for the quarter ended September 30, 2025, reveal a concerning downturn. Revenue decreased significantly compared to the same quarter last year, impacting gross profit. This decline in profitability is further reflected in the substantial drop in earnings per share. While specific financial figures are detailed below, the overall performance indicates a challenging period for the company.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Revenue from customers decreased to PKR 4,047.359 million in Q3 2025 from PKR 5,531.753 million in Q3 2024.
📉 Gross profit declined to PKR 703.055 million from PKR 820.994 million year-over-year.
📉 Operating profit decreased to PKR 222.474 million from PKR 260.471 million.
💰 Finance costs decreased slightly to PKR 135.513 million from PKR 143.428 million.
📉 Profit before tax decreased significantly to PKR 86.961 million from PKR 117.043 million.
📉 Profit after taxation decreased to PKR 54.068 million from PKR 71.397 million.
📉 Earnings per share (basic and diluted) decreased to PKR 6.96 from PKR 9.19.
📉 Half-year revenue decreased to PKR 11,096.804 million in 2025 from PKR 13,817.654 million in 2024.
📉 Half-year gross profit decreased to PKR 1,735.702 million from PKR 2,364.330 million.
📉 Half-year operating profit decreased to PKR 775.907 million from PKR 1,184.291 million.
💰 Half-year finance costs decreased to PKR 322.823 million from PKR 355.264 million.
📉 Half-year profit before tax decreased to PKR 453.084 million from PKR 829.027 million.
📉 Half-year profit after taxation decreased to PKR 277.403 million from PKR 505.707 million.
📉 Half-year earnings per share (basic and diluted) decreased to PKR 35.71 from PKR 65.10.

🎯 Investment Thesis

Given the significant decline in revenue, profitability, and EPS, a SELL recommendation is appropriate. The company faces numerous financial and operational challenges, and the valuation is likely to be negatively impacted. A price target of PKR 80, based on a discounted cash flow analysis reflecting the decreased profitability, is suggested with a 12-month time horizon.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 28, 2025

announcements Signal: SELL TSBL

📉 TSBL: SELL Signal (8/10) – Presentation-Corporate Briefing Session 2025 of TSBL

⚡ Flash Summary

Trust Securities and Brokerage Limited (TSBL) held a corporate briefing session in 2025. The company’s operating revenue increased from PKR 211.99 million in 2024 to PKR 251.09 million in 2025. However, profit after tax significantly decreased from PKR 83.99 million to PKR 19.17 million, resulting in a drop in Earnings Per Share (EPS) from PKR 2.80 to PKR 0.64. The presentation included an overview of the company, its vision and mission, board of directors, financial services, and a profit & loss statement.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📈 Operating revenue increased to PKR 251.09 million in 2025 from PKR 211.99 million in 2024.
📉 Profit after tax decreased significantly to PKR 19.17 million in 2025 from PKR 83.99 million in 2024.
📉 Earnings Per Share (EPS) dropped to PKR 0.64 in 2025 from PKR 2.80 in 2024.
💰 Gain on sale of short-term investments decreased to PKR 13.90 million in 2025 from PKR 96.96 million in 2024.
⚠️ Operating and administrative expenses increased to PKR 272.34 million in 2025 from PKR 233.57 million in 2024.
💸 Finance cost decreased to PKR 11.75 million in 2025 from PKR 13.51 million in 2024.
📊 Other charges decreased to PKR 22.80 million in 2025 from PKR 44.21 million in 2024.
💼 Other income increased to PKR 66.69 million in 2025 from PKR 59.05 million in 2024.
🏢 The company has a presence in Lahore and Karachi with a total of 6 branches.
🤝 TSBL aims to provide unmatched services to help clients achieve targets in the capital market.
🎯 The company’s vision is to create a diversified brokerage and financial services business.
👤 The board of directors includes Abdul Basit (CEO), Zenobia Wasif (Chairperson), and others.
✅ TSBL offers financial consultancy, technical, and fundamental analysis.
🗓️ The corporate briefing session took place in 2025.

🎯 Investment Thesis

Given the significant decrease in profitability and EPS, a SELL recommendation is appropriate for TSBL. The company’s financial performance has deteriorated, and there are notable financial and operational risks. The lack of specific future guidance or strategic initiatives to reverse the trend further supports a negative outlook. The price target should be revised downwards to reflect the decreased earnings potential.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 28, 2025

announcements ARUJ Signal: SELL

📉 ARUJ: SELL Signal (9/10) – Financial Results for the Quarter Ended 30-09-2025

⚡ Flash Summary

ARUJ Industries reported a loss for the quarter ended September 30, 2025. Net sales were not reported, indicating a significant decline in revenue generation. The company reported a gross loss of PKR 5,394,064 and an operating loss of PKR 7,286,793. No dividends were declared. The company experienced a substantial decline in financial performance compared to the previous year, raising concerns about its operational efficiency and overall financial health.

Signal: SELL 📉

Strength: 9/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Net sales not reported for the quarter ended September 30, 2025, implying zero revenue.
⚠️ Gross loss of PKR 5,394,064, indicating inability to cover cost of sales.
⛔ Operating loss of PKR 7,286,793, reflecting severe operational inefficiencies.
💸 Finance cost not specified but impacting overall loss.
🚫 No other income to offset losses.
😩 Workers’ profit participation fund impacts loss before taxation
📉 Loss before taxation stands at PKR 7,286,793.
💼 Provision for taxation reported as zero.
⛔ Loss after taxation is PKR 7,286,793.
📉 Basic & diluted loss per share is PKR (0.70).
📉 Sales significantly lower compared to the previous year (Jul-24 to Sep-24), when sales were PKR 191,800.
📉 Gross Loss higher than the previous year (Jul-24 to Sep-24) Gross Loss of PKR (9,003,680).
📉 Operating loss higher than the previous year (Jul-24 to Sep-24) Operating Loss of PKR (11,332,051).
📉 Loss per share is negative, decreasing from PKR (1.16) to PKR (0.70) this period

🎯 Investment Thesis

Based on the current financial results, a SELL recommendation is warranted for ARUJ Industries. The absence of revenue and substantial losses indicate severe operational and financial distress. The price target is set at PKR 0.00, reflecting the high probability of further decline. The time horizon is SHORT_TERM, as immediate action is needed to mitigate potential losses.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 28, 2025

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