We upgrade our rating on Allied Bank Ltd (ABL) to Buy from Neutral following 9% correction in stock price since early Nov 18. Our TP for ABL stand

While we acknowledge the difference in installed capacities of MLCF and PIOC, we see more reasons for a pair-trade between MLCF-PIOC. We believe th

In a recent development, the Supreme Court retracted the ban on high-rise buildings in Karachi. The ban was imposed in May17 following rising water