NEGATIVE - FoxLogica

⏸️ ABL-FUNDS: NEUTRAL Signal (3/10) – Important Announcement

⚡ Flash Summary

ABL Funds announced the sad demise of Sheikh Mukhtar Ahmed Sahab, the Chairman of ABL Asset Management Company Limited, in a notice dated October 10, 2025, to the Pakistan Stock Exchange. The announcement was made by Saqib Matin, the Company Secretary. The notice informs the TRE Certificate Holders of the Exchange about this event. There is no immediate information given on a replacement or changes to the management structure.

Signal: NEUTRAL ⏸️

Strength: 3/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

😔 Sheikh Mukhtar Ahmed Sahab, Chairman of ABL Asset Management Company Limited, has passed away.
📅 The announcement was made on October 10, 2025.
🏢 The notification was addressed to the General Manager of the Pakistan Stock Exchange Limited.
✍️ Saqib Matin, Company Secretary, issued the announcement.
ℹ️ TRE Certificate Holders of the Exchange are being informed.
💔 The announcement conveys deep sadness regarding the loss.
🙏 “Inna lillahi wa inna ilayhi raji’un” is recited, expressing grief and acceptance.
💼 The company’s operations might be temporarily affected during the transition period following the Chairman’s death.
🔍 Investors should monitor for updates regarding the succession plan and any potential strategic shifts.
🤔 The notice does not discuss immediate succession plans or interim leadership arrangements.
📍 ABL Asset Management Company Limited is based in Karachi.
📞 Contact information for the company’s head office and Karachi office are provided.

🎯 Investment Thesis

HOLD. While the passing of the Chairman is a significant event, there is insufficient information to warrant a change in investment strategy at this time. Further announcements regarding succession and strategy are needed before reassessing the investment thesis. It is recommended to closely monitor upcoming communications from ABL Funds.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 10, 2025

announcements Signal: SELL TPLP

📉 TPLP: 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 October 9, 2025, TPL Properties Limited (TPLP) disclosed a transaction by a Director, Muhammad Ali Jameel. The director sold 1,834,363 shares on February 10, 2025, at a rate of PKR 11.88 per share, executed through CDS and readily available in the market. Following this transaction, the director’s cumulative shareholding stands at 47,340,651 shares, representing 8.44% of the company. This information will be presented at the subsequent board meeting for consideration and compliance review.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📢 Director Muhammad Ali Jameel sold 1,834,363 shares of TPL Properties Limited (TPLP).
📅 The transaction occurred on February 10, 2025.
💰 The shares were sold at a rate of PKR 11.88 per share.
🏛️ The transaction was executed through the Central Depository System (CDS).
📊 After the sale, the director’s cumulative shareholding is 47,340,651 shares.
📉 The director’s cumulative shareholding now represents 8.44% of the company.
📑 The disclosed information adheres to PSX Regulations u/c 5.6.4.
✅ The transaction will be presented at the next board meeting for review.
🏢 TPL Properties Limited is the company involved in this disclosure.
🗓️ The disclosure was made on October 9, 2025.
📍 TPL Properties Ltd. is located in Karachi, Pakistan.
💼 Shayan Mufti is the Company Secretary who signed the disclosure.
❗ The announcement pertains to the disclosure of interest by a Director.
🚦The shares were readily available in the market.
🤔 The implications of this sale on investor confidence should be monitored.

🎯 Investment Thesis

Based on the director’s sale of shares, a SELL recommendation is warranted. While the director’s remaining stake is still substantial, the sale indicates a potential lack of confidence or shift in investment strategy. A price target of PKR 10.50 is set, based on potential downward pressure following the disclosure. The time horizon is short-term (3-6 months) as the market absorbs the news and potentially corrects.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 9, 2025

AHL announcements Signal: SELL

📉 AHL: SELL Signal (7/10) – Withdrawal of Public Announcement of Intention to acquire 84.06% of the ordinary shares of Attock Cement Pakistan Limited

⚡ Flash Summary

Arif Habib Limited announced the withdrawal of the Public Announcement of Intention (PAI) by Alpha Cement Company Limited to acquire 84.06% of the ordinary shares of Attock Cement Pakistan Limited. The initial PAI was made on June 3rd, 2025, and published in Business Recorder and Nawa-i-Waqt on June 5th, 2025. The acquirer decided not to pursue the proposed acquisition as required under Regulation 21(1) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. The withdrawal announcement will be published in Business Recorder and Nawa-i-Waqt on October 10, 2025.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

❌ Alpha Cement Company withdraws intention to acquire 84.06% of Attock Cement.
📅 Initial Public Announcement of Intention (PAI) was made on June 3rd, 2025.
📰 PAI was published in Business Recorder and Nawa-i-Waqt on June 5th, 2025.
🚫 Acquirer decided not to proceed with the proposed acquisition.
📜 Withdrawal is under Regulation 21(1) of takeover regulations, 2017.
💼 Arif Habib Limited is the manager to the offer on behalf of the acquirers.
📢 Withdrawal announcement will be published on October 10, 2025.
📄 Compliance with the law is the reason for the withdrawal process.
❓ Contact Arif Habib Limited for additional information or clarification.
📉 Uncertainty regarding Attock Cement’s future ownership.
🏢 Target Company: Attock Cement Pakistan Limited.
cement Sector growth will be affected negatively.

🎯 Investment Thesis

Given the withdrawal of the acquisition offer and the resulting uncertainty, a SELL recommendation is appropriate. The stock price is likely to correct downwards as the acquisition premium disappears. We expect a price target reflecting the standalone valuation of Attock Cement, with a short-term horizon to account for immediate market reaction.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 9, 2025

announcements ASL Signal: HOLD

⏸️ ASL: HOLD Signal (5/10) – Disclosure of Material Information

⚡ Flash Summary

Aisha Steel Mills Limited has disclosed material information regarding an order issued by the Competition Commission of Pakistan (CCP) and the penalty imposed on the company. The company states that this matter is currently under review, and they will pursue appropriate legal recourse as deemed necessary. The disclosure is made in compliance with the Pakistan Stock Exchange Rule Book and the Securities Act, 2015. This announcement indicates a potential regulatory challenge for Aisha Steel Mills that requires further investigation and legal action.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📝 Aisha Steel Mills disclosed material information on October 9, 2025.
⚖️ The disclosure relates to an order issued by the Competition Commission of Pakistan (CCP).
⚠️ A penalty has been imposed on Aisha Steel Mills Limited.
🔍 The company is currently reviewing the matter.
🧑‍⚖️ Aisha Steel Mills plans to pursue appropriate legal recourse.
✅ The disclosure complies with Sections 96 and 131 of the Securities Act, 2015.
✅ The disclosure complies with clause 5.6.1(a) of the Rule Book of Pakistan Stock Exchange Limited.
📢 The information is being shared with all stakeholders.
🏢 Manzoor Raza, Company Secretary, signed the disclosure.
📍 The company’s registered office is located in Karachi.
🏭 The factory is located in the Pakistan Steel downstream industrial estate, Bin Qasim, Karachi.
🌐 Further details can be found on the company’s website: www.aishasteel.com

🎯 Investment Thesis

A HOLD recommendation is appropriate at this time, pending further information about the CCP’s order and the company’s legal strategy. The potential financial impact of the penalty needs to be quantified before making a buy or sell decision.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 9, 2025

announcements ISL Signal: HOLD

⏸️ ISL: HOLD Signal (5/10) – Disclosure of Material Information

⚡ Flash Summary

International Steels Limited (ISL) is facing a penalty from the Competition Commission of Pakistan (CCP). The company is currently reviewing the details of the order and will take appropriate legal steps. This announcement was made in compliance with the Securities Act, 2015 and the Rule Book of the Pakistan Stock Exchange Limited (PSX). Shareholders and TRE Certificate Holders are being informed of this development.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

⚠️ ISL is reviewing an order issued by the Competition Commission of Pakistan (CCP).
⚖️ The order involves the imposition of a penalty on International Steels Limited.
🧐 ISL is currently assessing the details of the CCP’s order.
👨‍⚖️ The company will take appropriate legal steps as needed.
📜 This disclosure is made in accordance with Section 96 and 131 of the Securities Act, 2015.
🇵🇰 The announcement complies with Clause 5.6.1 of the Rule Book of the Pakistan Stock Exchange Limited (PSX).
📢 TRE Certificate Holders are being informed.
🗓️ The announcement is dated October 9, 2025.
🏢 The announcement is addressed to the General Manager of the Pakistan Stock Exchange Limited.
✍️ The announcement is signed by Zohaib Raza Merchant, Company Secretary of International Steels Limited.

🎯 Investment Thesis

Given the uncertainty surrounding the CCP penalty, a HOLD recommendation is appropriate at this time. The penalty introduces a potential downside risk. Further analysis is needed to determine the financial impact of the penalty before making a BUY or SELL decision. We need more information to establish a price target.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 9, 2025

announcements DMC Signal: HOLD

⏸️ DMC: HOLD Signal (5/10) – Voluntary Clarification, Unusual Movement in Price of DMC

⚡ Flash Summary

D.M. Corporation Limited (formerly D.M. Textile Mills Ltd) issued a voluntary clarification on October 9, 2025, in response to unusual movement in the price of its shares on the Pakistan Stock Exchange (PSX). The company stated that there are no proposals under consideration driving the share price movement and attributed it to rumor-mongering investment. This announcement aims to maintain an informed market and avoid a false market, in compliance with PSX regulations. Investors are cautioned to be careful while making any investment decisions.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📢 DMC clarifies unusual stock price movement.
🗓️ Announcement date: October 9, 2025.
🏢 Company: D.M. Corporation Limited (formerly D.M. Textile Mills Ltd).
📍 Location: Rawalpindi, Pakistan.
🇵🇰 Exchange: Pakistan Stock Exchange (PSX).
⚠️ No proposals under consideration.
🤔 Share price movement due to rumors.
📜 PSX Regulations compliance mentioned.
🧐 Investors advised to be cautious.
📉 Aims to prevent a false market.
✉️ Follows up on letter dated September 25, 2025.

🎯 Investment Thesis

Given the lack of concrete information and the cautionary tone of the announcement, a HOLD recommendation is appropriate. Investors should await further financial disclosures or tangible developments before making a decisive BUY or SELL decision. The time horizon is dependent on when more detailed information emerges.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 9, 2025

announcements ATBA Signal: SELL

📉 ATBA: SELL Signal (7/10) – CORPORATE BRIEFING SESSION 2025

⚡ Flash Summary

Atlas Battery Limited’s corporate briefing session for the year ended June 30, 2025, reveals a challenging period. The company experienced a significant decline in profitability, with profit after tax plummeting by 93.2% to PKR 91 million. This was primarily driven by a 15.1% decrease in sales revenue and a 33.3% decrease in gross profit. While the company has launched new battery products and is focusing on international markets, it faces significant headwinds.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Sales declined by 15.1% to PKR 35,201 million in 2025.
📉 Gross profit decreased by 33.3% to PKR 3,961 million.
📉 Profit after tax plummeted by 93.2% to PKR 91 million.
📉 EPS significantly dropped to Rs.2.60 from Rs.38.37.
⬆️ Distribution costs increased by 6.5% to PKR 1,495 million.
⬆️ Long-term borrowings significantly increased by 80.8% to PKR 1,669 million.
⬇️ Short-term borrowings decreased significantly by 51.0% to PKR 4,489 million.
✔️ The company has launched new DC batteries for stationary applications (UPS/Solar).
✔️ The company has launched Sealed Maintenance Free Batteries for vehicles
✔️ The company launched Tubular batteries Application: UPS / Solar Systems
✔️ The company is focused on proactive development and launching of new technology products.
✔️ The company intends to increase reach in international markets by focusing on 4Ps.
✔️ The company Enhance retailers’ engagement to increase market share using brand image.

🎯 Investment Thesis

Given the significant decline in financial performance, I recommend a SELL on Atlas Battery Limited. The sharp drop in profitability, declining sales, and challenging market conditions suggest limited upside potential in the short to medium term. The company needs to demonstrate a clear turnaround strategy and improved financial performance before an investment can be considered. Price target dependent on sector relative market evaluation after earnings stabilization.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 9, 2025

announcements LSEFSL Signal: SELL

📉 LSEFSL: 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 October 9, 2025, LSE Financial Services Limited announced a disclosure of interest by an executive of the company, Aftab Ahmad, as per PSX regulations. Aftab Ahmad sold 21,787 shares on October 6, 2025, at a rate of PKR 24.98 per share. This transaction was executed in the ‘Ready’ market through CDC. After this sale, Aftab Ahmad’s cumulative shareholding stands at 7,467,771 shares, representing 20.93% of the company.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📝 Disclosure of interest by a company executive, Aftab Ahmad.
👨‍💼 Aftab Ahmad sold 21,787 shares of the company.
🗓️ The transaction occurred on October 6, 2025.
📍 The sale was executed in the ‘Ready’ market.
🏦 The shares were held in CDC form.
💰 The sale price was PKR 24.98 per share.
📉 The cumulative shareholding after the sale is 7,467,771 shares.
📊 This represents 20.93% of the company’s total shares.
📜 The transaction is compliant with PSX regulations u/c 5.6.4.
✅ The company confirms the transaction will be presented in the subsequent board meeting.
📢 The information has been disseminated to market participants.
🏢 LSE Financial Services Limited made the announcement.

🎯 Investment Thesis

Based on the provided information, a SELL signal is generated. The executive’s decision to sell shares could negatively impact investor sentiment. While the amount sold is relatively small, the perception of the sale could lead to a decrease in the stock price. The price target is estimated to be 10% below the current trading price (PKR 24.98), setting a target of PKR 22.48. The time horizon is SHORT_TERM (3-6 months), as the market’s reaction to this news is likely to be immediate.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 9, 2025

announcements DADX Signal: HOLD

⏸️ DADX: HOLD Signal (6/10) – Transmission of Annual Report for the Year ended June 30, 2025.

⚡ Flash Summary

Dadex Eternit Limited’s 2025 annual report reveals a challenging year marked by global economic uncertainties and domestic headwinds. While the company faced a contraction in the construction sector and operational disruptions, it strategically focused on optimizing assets and enhancing efficiencies. The company obtained shareholder approval for property disposals to strengthen liquidity and re-invest in core businesses. Despite a net loss of Rs. 407.047 million, Dadex remains committed to sustainable growth and delivering shareholder value through innovation and disciplined financial management.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Global economic uncertainty and domestic slowdown impacted Dadex’s performance.
🏗️ Construction sector in Pakistan contracted by 2.8% in 2025.
🏭 Operational capacity was affected at manufacturing locations.
🤝 Shareholders approved disposal of property(ies) for asset optimization.
💰 Rs. 27.051 million invested in Hyderabad factory for CC Sheet quality.
🏢 Karachi Factory was closed; focus shifts to Hyderabad and Sundar.
✅ Compliance maintained with Corporate Governance principles.
⚠️ Commercial, financial, and compliance risks identified and mitigated.
❌ No final cash dividend declared for the year.
🔻 Accumulated loss reached Rs. 1,495.799 million.
🧐 Financial statements prepared on a going concern basis.
🌱 Sustainability embedded in operations with global ESG principles.
🌐 Active in sustainable environment and energy consumption.

🎯 Investment Thesis

Given the ongoing challenges, including declining revenue and accumulated losses, a HOLD recommendation is appropriate. The strategic initiatives aimed at strengthening liquidity are positive, but their impact remains uncertain. I am skeptical that this is going to pay off, but I cannot reasonably produce that it won’t. A short-term HOLD target is difficult to provide given the current volatility.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 9, 2025

announcements DADX Signal: HOLD

⏸️ DADX: HOLD Signal (6/10) – Transmission of Annual Report for the Year ended June 30, 2025.

⚡ Flash Summary

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Global economic uncertainty and domestic slowdown impacted Dadex’s performance.
🏗️ Construction sector in Pakistan contracted by 2.8% in 2025.
🏭 Operational capacity was affected at manufacturing locations.
🤝 Shareholders approved disposal of property(ies) for asset optimization.
💰 Rs. 27.051 million invested in Hyderabad factory for CC Sheet quality.
🏢 Karachi Factory was closed; focus shifts to Hyderabad and Sundar.
✅ Compliance maintained with Corporate Governance principles.
⚠️ Commercial, financial, and compliance risks identified and mitigated.
❌ No final cash dividend declared for the year.
🔻 Accumulated loss reached Rs. 1,495.799 million.
🧐 Financial statements prepared on a going concern basis.
🌱 Sustainability embedded in operations with global ESG principles.
🌐 Active in sustainable environment and energy consumption.

🎯 Investment Thesis

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 9, 2025

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