NEGATIVE - FoxLogica

📉 REWM: SELL Signal (8/10) – Financial Results for the Quarter Ended September 30, 2025

⚡ Flash Summary

Reliance Weaving Mills Limited reported its financial results for the quarter ended September 30, 2025. The company experienced a net loss of PKR 2.902 million before taxation, a significant downturn compared to the profit of PKR 39.857 million in the same period last year. Correspondingly, profit after taxation and levies decreased to PKR 44.532 million from PKR 10.627 million. Earnings per share also declined substantially from PKR 0.34 to PKR 1.45.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Net loss before taxation: PKR (2.902) million vs profit PKR 39.857 million YoY.
📉 Profit after taxation and levies: Decreased to PKR 44.532 million from PKR 10.627 million YoY.
📉 Earnings per share (EPS): Dropped to PKR 1.45 from PKR 0.34 YoY.
⬆️ Sales – net: Marginal increase to PKR 10,735.824 million from PKR 10,722.929 million YoY.
Gross profit: Decreased to PKR 879.335 million from PKR 1,079.797 million YoY.
⬆️ Finance Cost: Decreased to PKR (643.511) million from PKR (795.185) million YoY.
💰 Cash dividend: NIL for the quarter.
🚫 Bonus shares: NIL for the quarter.
🚫 Right shares: NIL for the quarter.
🚫 Any other entitlement/corporate action: NIL for the quarter.
🚫 Any other price-sensitive information: NIL for the quarter.
⬇️ Profit from operations: Decreased to PKR 640.609 million from PKR 835.042 million YoY.
⬆️ Minimum and final tax levies: Increased to PKR 56.066 million from PKR (31.415) million YoY.

🎯 Investment Thesis

Based on the current financial results, a SELL recommendation is appropriate. The significant decline in profitability and EPS raises concerns about the company’s operational efficiency and future earnings potential. Price Target: PKR 25 (based on reduced earnings estimates). Time Horizon: 6-12 months. Rationale: The negative trends in profitability warrant caution, and investors should consider reducing their exposure to Reliance Weaving Mills Limited until there is evidence of a turnaround.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements Signal: SELL UCAPM

📉 UCAPM: SELL Signal (7/10) – UCAPM | Unicap Modaraba Disclosure of Change in Interest by Shareholder

⚡ Flash Summary

Map Out Management Company (Private) Limited, a shareholder of Unicap Modaraba, executed multiple sell transactions of the company’s shares on various dates in October 2025. The transactions involved selling shares at prices ranging from 5.80 to 6.57. A total of 746,662 shares were sold between October 2nd and October 22nd. The transactions are disclosed to the Pakistan Stock Exchange (PSX) as per regulatory requirements and will be presented in a subsequent board meeting.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Map Out Management Co. Pvt. Ltd. sold shares on multiple dates in October 2025.
🗓️ Sales occurred between October 2nd and October 22nd, 2025.
💰 Sale prices ranged from 5.80 to 6.57 per share.
📉 A total of 746,662 shares were sold during this period.
🗓️ On October 17, 2025, 20,000 shares were sold at 5.80.
📉 On October 2, 2025, 39,212 shares were sold at 5.80.
📉 On October 21, 2025, 150 shares were sold at 5.80.
📉 On October 22, 2025, a series of transactions took place: 99,500 shares at 5.91, 55,000 shares at 6.1, 60,500 shares at 6.2, 70,000 shares at 6.27, 95,000 shares at 6.32, 79,500 shares at 6.4 and 175,000 shares at 6.57.
💻 All transactions were executed electronically.
🏛️ The disclosure is in compliance with PSX regulations.
ℹ️ The transactions will be presented in the subsequent board meeting for consideration.
📄 The disclosure was made by Unicap Modaraba to the PSX on October 22, 2025.

🎯 Investment Thesis

SELL. The repeated sale of shares by a major shareholder, Map Out Management Co. Pvt. Ltd., indicates a potential lack of confidence in Unicap Modaraba’s future prospects. This selling pressure could negatively impact the stock price in the short to medium term. A price target cannot be accurately assessed without additional financial information; the time horizon is medium term (3-6 months) for the negative impact.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements DBSL Signal: HOLD

⏸️ DBSL: HOLD Signal (4/10) – DBSL | Dadabhoy Sack Limited Transmission of Quarterly Financial Statement for the First Quarter

⚡ Flash Summary

Dadabhoy Sack Limited (DBSL) reported un-audited financial statements for the three months ended September 30, 2025. The company experienced an operating loss of PKR 679,464, which is less than the PKR 973,577 loss from the same period last year. The loss per share was PKR 0.17, compared to PKR 0.24 in the prior year, due to no sales from the company. The company is working to attract investors and is hopeful of future growth, despite challenges due to financial difficulties and operational closure since 2008.

Signal: HOLD ⏸️

Strength: 4/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Operating Loss: PKR 679,464 for the quarter ended September 30, 2025.
📉 Previous Year Loss: Higher loss of PKR 973,577 for the same quarter in 2024.
📉 Loss Per Share: LPS decreased to PKR 0.17 from PKR 0.24 year-over-year.
⛔️ Sales: Company reports nil sales, continuing a trend.
⚠️ Accumulated Losses: Increased to PKR 40.044 million.
⚠️ Current Liabilities: Exceed current assets by PKR 5.423 million.
🚧 Operational Closure: Operations have been closed since the financial year 2008.
🤝 Financial Support: Reliant on financial support from Directors.
🏢 Revaluation Surplus: Fixed assets have a revaluation surplus of PKR 27.591 million.
💰 External Finance: Actively seeking finance from external sources.
⏳ Going Concern: Financial statements prepared on a going concern basis.
🏦 Short-Term Borrowings: Increased from PKR 1,672,690 to PKR 1,674,690.
🏦 Bank Balance: Remains at PKR 3,886.
📅 Authorization: Financial statements authorized on October 30, 2025.

🎯 Investment Thesis

Given DBSL’s current financial state, a HOLD recommendation is appropriate. While the company is seeking investment and expresses hope for future growth, significant risks and operational challenges remain. Any potential investment requires a high level of risk tolerance and should be contingent on successful restructuring and resumption of operations. We will need to see improvement in key financial metrics like sales and profitability to change our recommendation. Price target is contingent on the company’s successful turnaround. The timeline is MEDIUM_TERM.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements DBCI Signal: SELL

📉 DBCI: SELL Signal (8/10) – DBCI | Dadabhoy Cement Industries Limited Transmission of Quarterly Financial Statement for the First Quarter

⚡ Flash Summary

Dadabhoy Cement Industries Limited (DBCI) reported an operating loss of PKR 5.509 million for the three months ended September 30, 2025, compared to a loss of PKR 4.583 million in the same period last year. The company experienced a net loss after taxation of PKR 3.122 million, a stark contrast to the profit of PKR 0.680 million in the corresponding period of 2024. This financial performance reflects ongoing challenges, with management focusing on developing strategic and financial plans for future growth.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 DBCI reported an operating loss of PKR 5.509 million for the quarter ended September 30, 2025.
📉 Net loss after taxation stood at PKR 3.122 million, a significant decline from a profit of PKR 0.680 million in the same quarter of 2024.
⛔ Loss per share amounted to PKR (0.03) compared to earnings per share of PKR 0.01 in the prior year.
💼 Administrative expenses remained consistent at PKR 5.509 million.
💹 Other income was PKR 2.386 million, substantially lower than PKR 5.262 million in the prior year.
💸 Cash outflow before working capital changes amounted to PKR (2.882) million.
Investments in Dadabhoy Energy Supply Company Limited (DESCL) remained at PKR 118.264 million.
Assets: Property, plant, and equipment increased slightly from PKR 4.627 million to PKR 4.857 million.
Assets: Total assets decreased marginally from PKR 240.805 million to PKR 237.130 million.
Equity: Shareholders’ equity decreased from PKR 232.824 million to PKR 229.702 million.
Liabilities: Total liabilities decreased slightly from PKR 7.981 million to PKR 7.429 million.

🎯 Investment Thesis

Given DBCI’s current financial distress and negative performance trends, a SELL recommendation is warranted. The company’s inability to generate profits and persistent losses make it an unattractive investment in the short to medium term. There is a risk of further equity dilution and potential bankruptcy.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements CHBL Signal: SELL

📉 CHBL: SELL Signal (9/10) – Financial Results for the Year Ended June 30, 2025

⚡ Flash Summary

Chenab Limited reported a significant loss for the year ended June 30, 2025, with a sharp decline in sales and a negative gross profit. The company’s operating loss widened, and despite a decrease in administrative expenses, the overall financial performance deteriorated substantially compared to the previous year. With negative earnings per share, the company did not recommend any cash dividend, bonus shares, or right shares. This announcement will likely negatively impact the stock price.

Signal: SELL 📉

Strength: 9/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

🚨 Sales plummeted by 28.4% from PKR 3,342.3 million in 2024 to PKR 2,389.6 million in 2025.
📉 Gross profit turned into a loss of PKR 80.3 million in 2025, compared to a profit of PKR 10.9 million in 2024.
💸 Operating loss widened by 12% from PKR 469.9 million in 2024 to PKR 526.3 million in 2025.
📉 Administrative expenses decreased by 7.6% from PKR 351.1 million to PKR 324.3 million.
📉 Loss for the year before levies and income tax deepened to PKR 590.3 million, a 103.5% drop YoY.
⛔ No cash dividend, bonus shares, or right shares were recommended.
⚠️ Earnings per share (EPS) turned more negative, from (PKR 2.84) in 2024 to (PKR 5.42) in 2025.
💰 Finance costs decreased from PKR 243.7 million to PKR 211.5 million.
🔻 Total Assets decreased slightly from PKR 10,918.7 million in 2024 to PKR 10,270.2 million in 2025.
🔻 Non-Current Liabilities decreased from PKR 9,060.9 million to PKR 8,630.2 million
💵 Cash and bank balances decreased from PKR 81.4 million to PKR 56.7 million.
Long term financing decreased from PKR 8,079 million to PKR 7,469 million
Revenue reserves increased from (PKR 8,068.4) million to (PKR 8,615.0) million.

🎯 Investment Thesis

Based on the current financial performance and trends, a SELL recommendation is warranted. The company’s declining revenue, increasing losses, and negative earnings per share indicate significant financial distress. There’s no clear turnaround strategy evident in the announcement, and the lack of dividends further diminishes the investment appeal. Given the substantial negative trends, the price target should be re-evaluated to reflect the company’s distress, with a significant downside expected. The time horizon for this recommendation is SHORT_TERM, as further deterioration is expected in the near future.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements IML Signal: HOLD

⏸️ IML: HOLD Signal (5/10) – Approval of Extension in time to file First Quarterly Financial Statements For the Period Ended September 30, 2025

⚡ Flash Summary

Imperial Limited has requested and received an extension from the Securities and Exchange Commission of Pakistan (SECP) to file its first quarterly financial statements for the period ended September 30, 2025. The company, through its letter dated October 22, 2025, initially requested this extension. The SECP granted a 30-day extension, allowing the company to file its financials by November 29, 2025. This announcement indicates a potential delay in financial reporting, which may concern investors.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📅 Extension granted for filing Q1 2025 financial statements.
📄 Extension request made on October 22, 2025.
✅ SECP approved the extension via letter No. SMD/PRDD/Comp/(77)/2022/84.
🕒 New deadline for filing: November 29, 2025.
📜 Extension pertains to Section 237 of the Companies Act, 2017.
🇵🇰 SECP reserves the right to take action for non-compliance.
⚠️ Delay in reporting can create uncertainty for investors.
🤔 Company sought a 30-day extension.
🏢 Letter issued from SECP Islamabad office.
✉️ SECP’s email for Rida Khurram Mughal is rida.mughal@secp.gov.pk.
🚦Potential Impact: Investors may react negatively to delayed financial information.
🔎 Regulatory Scrutiny: SECP may monitor closely for compliance with regulations.

🎯 Investment Thesis

Given the lack of financial information and the delay in reporting, a HOLD recommendation is appropriate. Investors should avoid making new investments or liquidating existing positions until the financial statements are released and thoroughly analyzed. A neutral stance is recommended until further clarity on the company’s financial health is provided. Once the statements are released, reassess the situation. The price target should be re-evaluated upon the publication of the financial statements.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

ABL-FUNDS announcements Signal: HOLD

⏸️ ABL-FUNDS: HOLD Signal (5/10) – ABL Islamic Dedicated Stock Fund-Quarterly Financial Statements for the quarter ended September 30, 2025.

⚡ Flash Summary

ABL Islamic Dedicated Stock Fund (ABL-IDSF) reported its quarterly financial statements for the period ended September 30, 2025. The fund posted a return of 29.18%, underperforming its benchmark return of 33.20%. The fund’s AUM increased by 7.69% to PKR 141.84 million compared to PKR 131.71 million as of June 30, 2025. At the end of the period, 93.99% of the fund was invested in equities.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Fund’s AUM increased by 7.69% to PKR 141.84 million from June 30, 2025.
📉 Underperformed benchmark with a return of 29.18% against 33.20%.
💰 Fund was 93.99% invested in equities at quarter’s end.
🇵🇰 Pakistan’s economy showed signs of stabilization with inflation averaging 4.2% YoY.
📊 Large-scale manufacturing offered tentative recovery signs, with July 2025 output rising 8.99% YoY.
⚠️ Fiscal performance fell short of expectations, with a revenue gap of ~Rs 198-200 billion.
🌎 External account remained sensitive, with workers’ remittances providing a crucial cushion.
✅ Market sentiment improved due to sovereign rating upgrades and debt management.
🔍 KMI-30 index saw a rally, rising 33.2% QoQ.
💸 Mutual Funds showed strong local buying, absorbing foreign outflows.
🏢 AUMs in the mutual fund industry increased by 7.81% in the first two months of FY26.
⭐ PACRA maintained ABL AMC’s management quality rating at ‘AM1’ with a ‘stable’ outlook.
🌪️ Recent devastating floods across the country have contributed to a rise in inflation.
⚡ Positive momentum in the market is anticipated, supported by foreign investment inflows.

🎯 Investment Thesis

HOLD. The ABL Islamic Dedicated Stock Fund’s underperformance against its benchmark raises concerns about its investment strategy and stock selection process. Despite the AUM growth and positive macroeconomic factors, the fund’s inability to deliver competitive returns warrants a cautious approach. Given these factors, a HOLD recommendation is appropriate. More research needed. I would set the price target at 15.5 with a time horizon of medium-term to long-term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements MEEZAN-FUNDS Signal: HOLD

⏸️ MEEZAN-FUNDS: HOLD Signal (5/10) – Quarterly Reports of Money Market Fund, Income Funds and Fixed Term Fund under management of Al Meezan Investment Management Limited for the quarter ended September 30, 2025

⚡ Flash Summary

The Al Meezan Investment Management Limited’s report analyzes the quarterly performance of the Meezan Rozana Amdani Fund for the period ended September 30, 2025. The fund’s net assets decreased significantly, resulting in a stable net asset value (NAV) per unit of 50.0000 Rupees. Total income decreased substantially compared to the same quarter last year, while expenses saw a smaller decrease. Despite the decrease in net assets, the fund maintained its investment objective of providing daily payouts through Shariah-compliant instruments.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Net assets decreased from 66,479,090,000 Rupees to 29,501,629,000 Rupees.
📊 NAV per unit remained stable at 50.0000 Rupees.
📉 Total income dropped from 3,232,345,000 Rupees to 1,112,749,000 Rupees.
💸 Expenses decreased from 207,753,000 Rupees to 151,419,000 Rupees.
🏦 Balances with banks decreased from 25,354,605,000 Rupees to 1,654,786,000 Rupees.
📉 Investments decreased from 44,655,614,000 Rupees to 27,547,283,000 Rupees.
💰 Profit on sukuk certificates decreased from 1,191,191,000 Rupees to 485,921,000 Rupees.
🏦 Profit on savings accounts with banks increased from 245,359,000 Rupees to 358,007,000 Rupees.
🔴 Net realized loss on sale of investments increased in losses from (1,639,000) Rupees to (4,288,000) Rupees.
🔴 Net unrealized (diminishing) on re-measurement of investments went from 77,382,000 Rupees appreciation to (21,143,000) Rupees diminishing.
📉 Total comprehensive income for the quarter went from 3,024,592,000 Rupees to 961,330,000 Rupees.
🔴 Number of units in issue decreased from 1,329,582,293 to 590,032,096.
📅 The cumulative distribution per unit for the quarter ended September 30, 2025, amounted to 1.1332 Rupees.

🎯 Investment Thesis

Given the financial performance and the lack of further information, a HOLD recommendation is appropriate. The fund faces challenges in income generation but maintains stability in NAV. A specific price target would require a full sector analysis.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements Signal: HOLD TRIPF

⏸️ TRIPF: HOLD Signal (5/10) – Transmission of Quarterly Report for the Period Ended 30 September 2025 (Revised)

⚡ Flash Summary

Tri-Pack Films Limited reported a net sales increase of 6% to Rs. 23,283 million for the nine months ended September 30, 2025, driven by an 8% increase in sales volume. Despite the revenue growth, the company reported a loss after tax of Rs. 373 million, influenced by a tax charge of Rs. 241 million pertaining to prior years. Excluding this extraordinary item, the company would have reported a profit at the after-tax level. The company faces future challenges due to the commissioning of another BOPP line in the domestic market, potentially increasing the gap between supply and demand.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

⬆️ Sales volumes increased by 8% compared to the same period last year.
💰 Net Sales Value increased by 6% to Rs. 23,283 million.
📉 The company reported a loss after tax of Rs. 373 million.
❗ A tax charge of Rs. 241 million from prior years significantly impacted the bottom line.
✅ Gross margins strengthened due to strategic focus on high-margin export markets.
📉 Loss/Earnings per share is (Rs 9.61).
💸 Finance costs increased to Rs. 1,967 million.
✅ Q3 2025 showed a turnaround with a profit before income tax of Rs. 130 million, compared to a loss in the same period last year.
📉 The company reports a loss before income tax of Rs. 158 million versus a profit of Rs 14 million in SPLY.
⚠️ Future outlook indicates potential challenges due to new BOPP line commissioning, increasing supply & demand gap.
📉 Cash generated from operations improved significantly to Rs. 5,324 million compared to Rs. 1,236 million in SPLY.
📉 Net cash used in financing activities is (Rs 4,005) million.

🎯 Investment Thesis

Based on the current financial performance and the expected challenges, a HOLD recommendation is appropriate. The company shows some operational improvements, but the net loss and tax issues create uncertainty. Further monitoring of financial performance and market dynamics is advised before considering a BUY or SELL decision.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements EFUL Signal: SELL

📉 EFUL: SELL Signal (6/10) – 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 October 31st, 2025, EFU Life Assurance Ltd. disclosed a transaction by Saifuddin N. Zoomkawala, a Non-Executive Director, under PSX Regulation 5.6.4. The director sold 10,000 shares at a rate of PKR 151.16 per share on October 30, 2025. Following this transaction, Zoomkawala’s cumulative shareholding stands at 474,617 shares, representing 0.45% of the company. The shares were sold in the ‘Ready’ market through CDC certificates. This disclosure ensures transparency regarding the dealings of company insiders.

Signal: SELL 📉

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📅 Transaction Date: October 30, 2025.
👤 Person Involved: Saifuddin N. Zoomkawala, Non-Executive Director.
💼 Nature of Transaction: Sale of shares.
📉 Number of Shares Sold: 10,000 shares.
💲 Rate per Share: PKR 151.16.
📊 Market: Ready market.
📜 Form of Shares: CDC Certificates.
holding after transaction: 474,617 shares.
📉 Percentage Holding: 0.45% of the company.
regulatory compliance: transaction disclosed under PSX Regulation 5.6.4.
ℹ️ Disclosure Requirement: Company Secretary to present transaction at the next Board meeting.
⏳ Holding Period Rule: Transactions must comply with the holding period rules of over six months.
🚫 Restriction: No dealing in shares during closed periods by Directors/CEOs/Executives.
portal updates: Company to update details in the UIN Management System.

🎯 Investment Thesis

HOLD. While the insider selling is a slightly negative signal, the amount is small and does not warrant a strong sell recommendation. Further monitoring of insider transactions and company performance is advisable. A price target cannot be accurately determined without more information or financial data in this disclosure.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

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