Strength-6 - FoxLogica

⏸️ SITC: HOLD Signal (6/10) – AGM RESOLUTION

⚡ Flash Summary

Sitara Chemical Industries’ AGM, held on October 23, 2025, approved the annual audited financial statements for the year ended June 30, 2025. A final cash dividend of Rs. 11 per share (110%) was also approved, aligning with the board’s recommendation. Yousuf Adil, Chartered Accountants, were appointed as external auditors for the year ending June 30, 2026. Shareholders also consented to the disposal and sale of the company’s freehold agricultural land (investment property) comprising 3302 Kanal located near Faisalabad, with proceeds earmarked for loan repayment and/or alternate energy source establishment.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ AGM approved annual audited financial statements for the year ended June 30, 2025.
💰 A final cash dividend of Rs. 11 per share (110%) was approved. This is the dividend to be received per share.
👨‍💼 Yousuf Adil, Chartered Accountants, appointed as external auditors for the year ending June 30, 2026.
🏢 Board authorized to fix the remuneration of the external auditors for the year ending June 30, 2026.
🚜 Shareholder consent granted for the disposal and sale of 3302 Kanal of freehold agricultural land (investment property) near Faisalabad.
💸 Proceeds from land sale to be used for loan repayment and/or establishment of alternate energy source.
🤝 Board authorized to handle all aspects of the land sale, including negotiations, agreements, and legal formalities.
📜 Compliance with Section 183(3)(a) of the Companies Act, 2017, for the land sale.
🗓️ AGM held on October 23, 2025, in Karachi via in-person and video link.
💼 Mazhar Ali Khan, Company Secretary, certified the resolutions.

🎯 Investment Thesis

HOLD. The company’s decision to sell land and pay a dividend reflects a mixed outlook. The sale could create value, but its impact is uncertain. The dividend provides a return but is not substantial enough to warrant a BUY rating. A HOLD rating is appropriate until the company provides more clarity on its long-term strategy and the impact of the land sale.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements MUREB Signal: HOLD

⏸️ MUREB: HOLD Signal (6/10) – ORDINARY RESOLUTIONS PASSED IN THE ANNUAL GENERAL MEETING HELD ON OCTOBER 24, 2025.

⚡ Flash Summary

Murree Brewery’s Annual General Meeting on October 24, 2025, approved the annual audited financial statements for the year ended June 30, 2025. A final cash dividend of 145% (Rs. 14.50 per share) was approved, in addition to the interim cash dividends of 270% (Rs. 27 per share). This brings the total cash dividend for the year to 415%. KPMG Taseer Hadi & Co. will continue as auditors until the conclusion of the next AGM.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Annual audited financial statements for the year ended June 30, 2025, approved.
💰 Final cash dividend of 145% (Rs. 14.50/share) approved.
💵 Interim cash dividends of 270% (Rs. 27/share) already paid.
🎉 Total cash dividend for the year ended June 30, 2025, is 415%.
👨‍💼 KPMG Taseer Hadi & Co. re-appointed as auditors.
🗓️ Auditors’ term extends to the conclusion of the next AGM.
📈 Dividend payout reflects company’s financial health.
👍 Shareholder approval indicates confidence in management.
🍺 Consistent dividend policy maintained.
🔒 No major changes in auditors indicates stability.
🔍 Detailed financial statements available for review.
📢 AGM held in compliance with Pakistan Stock Exchange regulations.
📜 Resolutions passed as per the Rule Book of Pakistan Stock Exchange

🎯 Investment Thesis

HOLD. Murree Brewery’s consistent dividend policy and strong financial performance make it an attractive investment. However, potential market and regulatory risks suggest a cautious approach. A price target cannot be accurately determined without detailed financial statements and further analysis. Given the information available, a HOLD recommendation is appropriate.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements MTL Signal: HOLD

⏸️ MTL: HOLD Signal (6/10) – CERTIFIED COPY OF RESOLUTIONS PASSED IN 62ND AGM

⚡ Flash Summary

Millat Tractors Limited (MTL) held its 62nd Annual General Meeting on October 24, 2025, where resolutions were passed including the approval of financial statements for the year ended June 30, 2025. A final cash dividend of Rs. 15.00 per share (150%) was approved, in addition to an interim dividend of Rs. 45.00 per share (450%) already paid, resulting in a total dividend of Rs. 60.00 per share (600%). A.F. Ferguson, Chartered Accountants, Lahore were appointed as auditors for the year ending June 30, 2026. Transactions with subsidiary/associated companies were ratified and the Chief Executive was authorized to approve future transactions with these entities.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ AGM: 62nd Annual General Meeting held on October 24, 2025.
💰 Dividend: Final cash dividend of Rs. 15.00 per share (150%) approved.
💸 Total Dividend: Cumulative dividend of Rs. 60.00 per share (600%).
🧾 Financials: Audited financial statements for the year ended June 30, 2025, adopted.
👨‍💼 Auditor Appointment: A.F. Ferguson appointed as auditors for the year ending June 30, 2026.
🏢 Audit Fee: Audit fee set at Rs. 5,280,000 for the year ending June 30, 2026.
📊 Review Fee: Half-year review report fee at Rs. 1,210,000.
📜 Other Fees: Special reports and trademark verification fees at Rs. 330,000 each.
🤝 Related Party Transactions: Transactions with subsidiaries/associated companies ratified.
✔️ Approval Authority: CEO authorized to approve transactions with subsidiaries.
📦 Component Purchases: Purchases from TIPEG Intertrade DMCC: Rs. 411,202,941.
🏭 Component Purchases: Purchases from Millat Industrial Products Limited: Rs. 358,516,691.
🔩 Component Purchases: Purchases from Bolan Castings Limited: Rs. 1,717,825,523.
🏢 Registered Office: Meeting held at 9 K.M Sheikhupura Road, Shahdara, Lahore.

🎯 Investment Thesis

Based on the information provided, a HOLD recommendation is appropriate. The company has demonstrated strong financial performance by approving a substantial dividend. Further analysis of the company’s financial statements is necessary to determine whether to upgrade to a BUY or downgrade to a SELL. A price target cannot be determined without further financial information. Time horizon: Medium Term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements KOHTM Signal: HOLD

⏸️ KOHTM: HOLD Signal (6/10) – Certified Copy of Resolutions Passed in Annual General Meeting

⚡ Flash Summary

Kohat Textile Mills Limited held its Annual General Meeting on October 24, 2025, where key resolutions were passed. Shareholders approved the annual audited financial statements for the year ended June 30, 2025. A final cash dividend of 10% (Re. 1 per share) was approved in addition to the Re. 1 interim dividend already paid. M/s Shinewing Hameed Chaudhri & Co. were re-appointed as external auditors for the company.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Annual Audited Financial Statements for the year ended June 30, 2025, were approved.
💰 A final cash dividend of 10% (Re. 1 per share) was approved.
💵 An additional Re. 1 interim dividend was previously paid.
🗓️ Dividend payable to members registered as of October 17, 2025.
🧑‍💼 M/s Shinewing Hameed Chaudhri & Co. re-appointed as external auditors.
🤝 Auditors to hold office until the conclusion of the next AGM.
🏢 Company authorized to share common expenses with associated companies like M/s Saif Textile Mills Limited.
💸 Common expenses include rent, salaries, utilities, and maintenance.
✔️ Related party transactions for the year ended June 30, 2025, ratified and approved.
✍️ Chief Executive authorized to execute related party transactions until June 30, 2026.
📜 CEO authorized to execute necessary documents related to these transactions.

🎯 Investment Thesis

HOLD. Based on the announcement, the company is maintaining its dividend policy and auditor appointments, signaling stability. More detailed financial analysis is needed to form a stronger BUY/SELL recommendation. Price Target: To be determined based on full financial statement analysis. Time Horizon: Medium Term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements MCBIM-FUNDS Signal: HOLD

⏸️ MCBIM-FUNDS: HOLD Signal (6/10) – PAKISTAN CASH MANAGEMENT FUND (PCF) Daily Dividend Distribution for 23-OCT-25

⚡ Flash Summary

MCB Investment Management Limited, the management company of PAKISTAN CASH MANAGEMENT FUND (PCF), has announced a daily dividend distribution of Re. 0.0108 per unit for October 23, 2025. This dividend will be paid to unit holders whose names appear in the unit holder register at the close of the specified date. The announcement was made on October 24, 2025, by Muhammad Rehan Khan, the Company Secretary. This distribution is approved by the Board of Directors.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: SHORT_TERM

📌 Key Takeaways

📅 Announcement Date: October 24, 2025
💰 Fund: PAKISTAN CASH MANAGEMENT FUND (PCF)
💸 Dividend per Unit: Re. 0.0108
🗓️ Record Date: October 23, 2025
🏦 Management Company: MCB Investment Management Limited
✅ Approved by: Board of Directors
👤 Company Secretary: Muhammad Rehan Khan
📄 Document Type: System-generated
📍 Location: Pakistan Stock Exchange, Karachi
🔗 URL: www.mcbfunds.com
📧 Email: info@mcbfunds.com
💼 Formerly: MCB Arif Habib Savings and Investments Limited

🎯 Investment Thesis

HOLD. The announcement provides information only on the daily dividend distribution, which isn’t sufficient to issue a recommendation. Further, the unit price will be required. If the dividend distribution shows stable performance, this can be a good addition for a risk-averse investor’s portfolio looking for regular income.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements MCBIM-FUNDS Signal: HOLD

⏸️ MCBIM-FUNDS: HOLD Signal (6/10) – ALHAMRA ISLAMIC MONEY MARKET FUND (ALHIMMF) Daily Dividend Distribution for 23-OCT-25

⚡ Flash Summary

The ALHAMRA Islamic Money Market Fund (ALHIMMF), managed by MCB Investment Management Limited, has announced a daily dividend distribution of Re. 0.0241 per unit for October 23, 2025. This dividend will be paid to unit holders registered at the close of business on that date. The announcement was made on October 24, 2025, by Muhammad Rehan Khan, the Company Secretary. This payout reflects the fund’s performance and commitment to providing returns to its investors.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

💰 ALHIMMF declares daily dividend distribution.
📅 Record date for dividend: 23-OCT-25.
💸 Dividend per unit: Re. 0.0241.
🏢 Managed by MCB Investment Management Limited.
📜 Announcement date: 24-OCT-25.
👤 Announced by Company Secretary Muhammad Rehan Khan.
📈 Daily dividend indicates regular income for investors.
✅ Approved by Board of Directors.
🏦 Fund is an Islamic money market fund.
📍 Registered unit holders will receive the payout.
ℹ️ Information for investors in Karachi and Pakistan Stock Exchange.
🕒 Payout is for unit holders at close of 23-OCT-25.

🎯 Investment Thesis

HOLD. While the daily dividend distribution is positive, a comprehensive analysis of the fund’s portfolio, expense ratio, and benchmark performance is needed. The relatively small dividend payment suggests a conservative investment strategy. A HOLD recommendation is appropriate until a more detailed review can be conducted.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

AHCL announcements Signal: HOLD

⏸️ AHCL: HOLD Signal (6/10) – Certified Copy of Resolutions passed in Annual General Meeting held on 24th October 2025

⚡ Flash Summary

Arif Habib Corporation Limited (AHCL) held its 31st Annual General Meeting on October 24, 2025, where shareholders approved the annual audited financial statements for the year ended June 30, 2025. A final cash dividend of Re. 1 per share (100% of face value) was approved, as recommended by the Board of Directors. The meeting also saw the reappointment of A. F. Ferguson & Co. as external auditors for the year ending June 30, 2026. Special resolutions related to transactions with related parties were passed, and a fresh limit of additional investment of Rs. 1,000 Million was approved for REIT schemes managed by Arif Habib Dolmen REIT Management Ltd.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🗓️ AGM held on October 24, 2025, at Stock Exchange Building, Karachi.
✅ Annual audited financial statements for the year ended June 30, 2025, were adopted.
🤝 Resolutions passed for special businesses related to related party transactions and investments.
✔️ Minutes of the Extra-Ordinary General Meeting held on September 22nd, 2025 were approved.
💰 Final Cash Dividend of Re. 1 per share (100% of face value) approved for the year ended June 30, 2025.
🏢 A. F. Ferguson & Co. reappointed as external auditors for the year ending June 30, 2026.
✍️ Board authorized to fix the remuneration of external auditors for the year ending June 30, 2026.
💼 Transactions with related parties approved as disclosed in the audited financial statements for the year ended June 30, 2025.
🏦 Board authorized to approve related party transactions for the financial year ending June 30, 2026.
💸 Rs. 1,000 Million fresh limit approved for REIT Schemes managed by Arif Habib Dolmen REIT Management Ltd.
🔄 Renewal of unutilized equity investment limits in associated companies approved.
🏢 Unutilized equity portion of PKR 2,059 million for Javedan Corporation Ltd.
🏢 Unutilized equity portion of PKR 500 million for Arif Habib Ltd.
🏢 Unutilized equity portion of PKR 2,800 million for Fatima Fertilizer Company Ltd.
Authorization granted to Chief Executive and/or directors for necessary actions related to the resolutions.

🎯 Investment Thesis

Based on the limited information, a HOLD recommendation is appropriate. The dividend approval is positive, but more comprehensive financial analysis is needed. A price target and time horizon cannot be accurately determined without further information on the company’s financial performance and future prospects. The company’s involvement in REIT schemes and associated companies requires careful evaluation of their potential impact on overall performance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements JKSM Signal: HOLD

⏸️ JKSM: HOLD Signal (6/10) – Certified Resolution(s) passed in the 39th Annual General Meeting of J. K. Spinning Mills Limited

⚡ Flash Summary

J.K. Spinning Mills Limited held its 39th Annual General Meeting on October 24, 2025, where shareholders approved the audited financial statements for the year ended June 30, 2025. Riaz Ahmad and Company were appointed as external auditors for the year 2025-26. A final cash dividend of Rs. 2 per share, or 20%, was approved for ordinary shareholders, excluding Directors, the CEO, their spouses, and close relatives. The board was also authorized to approve related party transactions on a case-to-case basis for the financial year ending June 30, 2026.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Audited financial statements for the year ended June 30, 2025, were approved.
👨‍💼 Riaz Ahmad and Company appointed as external auditors for the year 2025-26.
💰 Final cash dividend of Rs. 2 per share (20%) approved for eligible shareholders.
👨‍💼 CEO and Company Secretary authorized to facilitate dividend payment.
🏢 Transactions with related parties ratified for the year ended June 30, 2025, as per Note 42.
🤝 Board authorized to approve related party transactions on a case-to-case basis for FY 2026.
🗓️ Related party transactions will be presented for formal ratification in the next AGM.
📍 AGM held on October 24, 2025, at 29 K.M, Sheikhupura Road, Khurrianwala, Faisalabad.
📜 Resolutions adopted with or without modification by the shareholders.
🏢 J.K. Spinning Mills is associated with J. K. Power Ltd, J. K. Agriculture Farms, J. K. Tech, and Fine Fabrics.
🌐 Company can be reached at jkgroup@jkgroup.net and http://www.jkgroup.net

🎯 Investment Thesis

HOLD. The company’s dividend payout is a positive sign, but the need to carefully monitor related party transactions suggests caution. Further analysis of financial performance is needed before making a stronger recommendation. A more detailed financial review is warranted before changing this recommendation.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements OLPL Signal: HOLD

⏸️ OLPL: HOLD Signal (6/10) – Certified True Copies Of The Resolutions Passed In The 39th Annual Gneral Meeting

⚡ Flash Summary

OLP Financial Services Pakistan Limited held its 39th Annual General Meeting on October 24, 2025. The shareholders approved the audited financial statements for the year ended June 30, 2025. A final cash dividend of PKR 3.5 per share (35%) for the year ended June 30, 2024, was approved, in addition to the already paid interim dividend of PKR 2 per share (20%). KPMG Taseer Hadi & Co. were re-appointed as the external auditors for the year ending June 30, 2026.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ AGM approved audited financial statements for the year ended June 30, 2025.
💰 Final cash dividend of PKR 3.5 per share (35%) approved for FY2024.
💵 Interim cash dividend of PKR 2 per share (20%) already paid.
🤝 Total dividend for FY2024 is PKR 5.5 per share (55%).
🏢 KPMG Taseer Hadi & Co. re-appointed as external auditors for FY2026.
🗓️ Next audit period will end on June 30, 2026.
👍 Board authorized to fix auditor remuneration.
📜 Resolutions passed in compliance with PSX regulations.
📅 AGM held on October 24, 2025.
🏦 OLP Financial Services Pakistan Limited (formerly ORIX Leasing Pakistan Limited) conducted the meeting.
📍 Meeting held in Karachi, Pakistan.
✔️ Nadeem Amir Ali, Company Secretary, certified the resolutions.
📊 Dividend payout indicates confidence in the company’s financial performance.

🎯 Investment Thesis

HOLD. The dividend payout is a positive sign, and the re-appointment of the auditor ensures continued financial oversight. The total dividend of PKR 5.5 is attractive, however a deeper dive into the financial results is required to see if the company is investable at the current share price. Until further data is available, a hold strategy is appropriate. Without access to the Audited Financial Statements, it is not possible to provide a price target. The time horizon is medium-term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements OPENFUND Signal: HOLD

⏸️ OPENFUND: HOLD Signal (6/10) – OPEN FUND 786 Smart Fund Transmission of Quarterly Report for the Period Ended September 30, 2025

⚡ Flash Summary

OPEN FUND 786 Smart Fund’s quarterly report for the period ended September 30, 2025, indicates a decrease in net assets from PKR 1,513.811 million to PKR 1,409.085 million. However, the Net Asset Value (NAV) per unit increased from PKR 84.06 to PKR 86.02 during the quarter. The fund’s total income decreased from PKR 69.798 million to PKR 42.141 million, while net income also declined from PKR 62.714 million to PKR 34.061 million. This performance reflects broader economic stabilization efforts in Pakistan amid ongoing inflationary pressures.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Net assets decreased from PKR 1,513.811 million to PKR 1,409.085 million.
⬆️ NAV per unit increased from PKR 84.06 to PKR 86.02.
📉 Total income decreased from PKR 69.798 million to PKR 42.141 million.
📉 Net income decreased from PKR 62.714 million to PKR 34.061 million.
🏦 Balances with banks decreased from PKR 949.917 million to PKR 714.882 million.
⬆️ Investments increased from PKR 558.697 million to PKR 690.756 million.
⬆️ Accrued income/profit decreased slightly from PKR 18.962 million to PKR 17.591 million.
📊 Total assets decreased from PKR 1,527.728 million to PKR 1,423.380 million.
💸 Total liabilities increased slightly from PKR 13.917 million to PKR 14.295 million.
📜 Number of units in issue decreased from 18,007,686 to 16,380,813.
📉 Income from investments and balances with banks decreased from PKR 64.342 million to PKR 40.466 million.
⬆️ Expenses increased from PKR 7.083 million to PKR 8.079 million.
🌐 Pakistan’s liquid foreign exchange reserves stood at USD 19.79 billion.
✅ Registration of the Trust Deed of the fund was made under the Sindh Trust Act, 2020.

🎯 Investment Thesis

Given the decrease in total income and net income, a HOLD recommendation is appropriate. While the NAV per unit increased slightly, the overall decline in net assets and higher expenses raise concerns. Further analysis of the fund’s asset allocation, expense management, and sector-specific performance is needed before considering a BUY recommendation. If the fund can control expenses and improve its income-generating capacity, it may warrant a more positive outlook. If the sector in general is in for poor performance then a SELL recommendation is appropriate.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

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