Broker Name	Date	Sector	Company	Type	Target Profit	% Up Side	Link
Insight Securities - Pakistan	2021-11-16	CEMENT	FCCL	Strong growth prospects; Reiterate ‘BUY’	30	60.26	Download
Taurus Securities Limited	2021-11-23	CEMENT	DGKC	Corporate Briefing Takeaways	-	-	Download
Taurus Securities Limited	2021-11-24	CEMENT	PIOC	Corporate Briefing Takeaways	-	-	Download
Toplines security limited	2021-10-29	CEMENT	LUCK	Corporate Briefing Takeaways	-	-	Download
Taurus Securities Limited	2021-11-26	CEMENT	LUCK	Detailed sector report	1,071	39	Download
Inside Secuirty	2021-11-26	CEMENT	MLCF	Earnings revised down; Maintained ‘BUY’	46	40	Download
Inside Secuirty	2021-12-17	CEMENT	FCCL	Preferred picks	29	72.2	Download
Inside Secuirty	2021-12-17	CEMENT	MLCF	Preferred picks	58	81.5	Download
Inside Secuirty	2021-12-17	CEMENT	LUCK	Preferred picks	998	57.3	Download
Toplines security limited	2022-01-04	CEMENT	LUCK DGKC MLCF BWCL PIOC CHCC ACPL KOHC FCCL	Sector Research	-	-	Download
Darson Securities (Private) Limited	2022-01-19	CEMENT	FLYNG	Flashnote	-	-	Download
Inside Secuirty	2022-01-20	CEMENT	MLCF LUCK	Attractive valuations clouded by weak macros	-	-	Download
Toplines security limited	2022-01-27	CEMENT	LUCK DGKC MLCF KOHC FCCL	Pakistan Equity	-	-	Download
Darson Securities (Private) Limited	2022-01-27	CEMENT	LUCK	Result Preview	-	-	Download
Taurus Securities Limited	2022-01-28	CEMENT	DGKC PIOC MLCF	Result Preview	-	-	Download
Toplines security limited	2022-01-28	CEMENT	LUCK	Pakistan Equity	-	-	Download
Toplines security limited	2022-01-31	CEMENT	LUCK	Corporate Briefing Key Takeaways	-	-	Download
Darson Securities (Private) Limited	2022-02-02	CEMENT	DGKC	Economizing Their Market Dynamics By Creating Efficiencies!	77.74	56	Download
Darson Securities (Private) Limited	2022-02-03	CEMENT	ACPL	Result Preview	-	-	Download
Inside Secuirty	2022-02-07	CEMENT	ACPL	ACPL PA: 2QFY22 EPS clocked in at PKR4.2 – Above Expectations	-	-	Download
Darson Securities (Private) Limited	2022-02-16	CEMENT	CHCC	Result Review!	-	-	Download
Foundation Securities Private Limited	2022-02-16	CEMENT	PIOC	Earning Preview: PIOC 2QFY22 EPS expected to clock in at Rs3.37, up 19% YoY	-	-	Download
Taurus Securities Limited	2022-02-17	CEMENT	KOHC	2QFY21 PAT arrived at PKR 1.6Bn (EPS: PKR 7.9)	-	-	Download
Taurus Securities Limited	2022-02-21	CEMENT	FCCL	2QFY22 EPS clocked in at PKR1.07 – Above expectations	-	-	Download
Inside Secuirty	2022-02-23	CEMENT	MLCF	2QFY22 consolidated EPS came at PKR1.75	-	-	Download
Toplines security limited	2022-03-02	CEMENT	LUCK DGKC MLCF BWCL PIOC CHCC ACPL KOHC FCCL	Sector Research	-	-	Download
Taurus Securities Limited	2022-03-04	CEMENT	PIOC FCCl ACPL	Sector Update	-	-	Download
Toplines security limited	2022-03-07	CEMENT	Thatta	Corporate Briefing Key Takeaways	-	-	Download
Darson Securities (Private) Limited	2022-03-11	CEMENT	MLCF KOHC FCCL DCL	Afghan Coal The New Gold	-	-	Download
Taurus Securities Limited	2022-03-21	CEMENT	LUCK	LEPCL commences commercial production	-	-	Download
Insight Securities	2022-03-22	CEMENT	LUCK DGKC FCCL PIOC CHCC MLCF	Unprecedented valuations under headwinds	-	-	Download
Topline Securities Ltd	2022-03-30	CEMENT	LUCK DGKC FCCL PIOC CHCC MLCF THCCL FLYNG FECTC	Listed Cement Comp Sheet	-	-	Download
Topline Securities Ltd	2022-04-04	CEMENT	LUCK DGKC FCCL PIOC CHCC MLCF	Sector Research	-	-	Download
Topline Securities Ltd	2022-04-12	CEMENT	LUCK DGKC FCCL PIOC KOHC	Elevated coal prices & demand slowdown to impact adversely	-	-	Download
Insight Securities	2022-04-19	CEMENT	LUCK DGKC FCCL PIOC MLCF ACPL	Earnings to decline by 29.6% due to one-offs in SPLY	-	-	Download
Insight Securities	2022-04-20	CEMENT	MLCF	3QFY22 consolidated EPS came at PKR1.42 – Below expectations	-	-	Download
Arif Habib Limited	2022-04-21	CEMENT	MLCF	Result Review	-	-	Download
Arif Habib Limited	2022-04-22	CEMENT	ACPL	Result Review	-	-	Download
Insight Securities	2022-04-25	CEMENT	DGKC	3QFY22 EPS clocked in at PKR3.3 – Inline with expectations	-	-	Download
Foundation Securities Private Limited	2022-04-25	CEMENT	CHCC	Earnings Preview	-	-	Download
Arif Habib Limited	2022-04-26	CEMENT	KOHC	Result Review	-	-	Download
Foundation Securities Private Limited	2022-04-27	CEMENT	FCCL	Earnings Review	-	-	Download
Foundation Securities Private Limited	2022-04-28	CEMENT	LUCK	Earning Review	-	-	Download
Topline Securities Ltd	2022-05-10	CEMENT	LUCK BWCL KOHC FECTC FLYNG	Cement sector profits grew by 7% QoQ in 3QFY22	-	-	Download
Topline Security Limited	2022-05-31	CEMENT	LUCK DGKC CHCC BWCL PIOC KOHC MLCF FCCL	Slowdown in construction activities affecting sales	-	-	Download
JS Global	2022-06-08	CEMENT	INDU MLCF	Budget Preview FY23	-	-	Download
Darson Securities Limited	2022-06-21	CEMENT	DGKC	Major Announcements	--	-	Download
Topline Securities Ltd	2022-06-24	CEMENT	OGDC PPL MARI ENGRO MCB UBL MEBL LUCK MLCF INDU NML EPCL	Budget FY23 (June 24, 2022)	-	-	Download
Darson Securities Limited	2022-06-28	CEMENT	DGKC	Analyst Briefing Takeaways	-	-	Download
Darson Securities Limited	2022-07-05	CEMENT	MLCF	Cement offtake bounce back in the month of June’22	-	-	Download
Arif Habib Limited	2022-07-05	CEMENT	DGKC	Policy rate likely to increase by 100bps	-	-	Download
Topline Securities Ltd	2022-07-21	CEMENT	MLCF	Pakistan Strategy	-	-	Download
Topline Securities Ltd	2022-07-29	CEMENT	LUCK DGKC BWCL PIOC ACPL KOHC FCCL	Sector Research	-	-	Download
Insight Securities - Pakistan	2022-08-18	CEMENT	DGKC	Inexpensive multiples, Maintained ‘BUY’	95	47	Download
Foundation Securities Private Limited	2022-08-25	CEMENT	CHCC	Earning Review	-	-	Download
Insight Securities - Pakistan	2022-09-05	CEMENT	LUCK	Diversification to make immune from sector shocks	829	58	Download
Topline Securities Ltd	2022-09-16	CEMENT	LUCK DGKC BWCL PIOC ACPL KOHC FCCL	Floods & Cement Sector Outlook	-	-	Download
foundation securities Ltd	2022-11-25	CEMENT	DGKC	Analyst Briefing Takeaways	-	-	Download
Foundation Securities Private Limited	2023-01-30	CEMENT	LUCK	2QFY23 EPS clocked in at Rs32.4	-	up 61% YoY	Download
Topline Securities Ltd	0000-00-00	CEMENT	DGKC	Seasonal decline to result in lower dispatches on MOM basis	-	-	Download
Chase Securities Pakistan Private Limited	2023-02-15	CEMENT	MLCF	Historical Returns	-	-	Download
Insight Securities	2023-02-22	CEMENT	MLCF	2QFY23 EPS clocked in at PKR2.73	-	41%	Download
Foundation Securities Private Limited	2023-02-23	CEMENT	PIOC	2QFY23 EPS clocked in at Rs5.17	-	77%	Download
Insight Securities	2023-02-23	CEMENT	FCCL	2QF23 Analyst briefing takeaways	-	64%	Download
Foundation Securities Private Limited	2023-02-24	CEMENT	FCCL	Analyst Briefing Takeaways	-	34%	Download
Standard Capital Securities	2023-03-15	CEMENT	LUCK	Pak Cement EV/ton vs India, Iran comparison	-	-	Download
Insight Securities	2023-03-29	CEMENT	MLCF	Standing strong in challenging times	-	-	Download
Chase Securities Pakistan Private Limited	2023-04-04	CEMENT	BWCL	Directors’ Report Cement Sector For the Period Ended December 2022	-	-	Download
Insight Securities	2023-04-17	CEMENT	Luck	Pakistan Cements 3QFY23 Previews: Profitability to decline by 5% YoY P	-	-	Download
Topline Securities Ltd	2023-04-19	CEMENT	FCCL	3QFY23 EPS at Rs0.77 up 21% YoY while down 32% QoQ - Earnings lower than industry expectations	-	-	Download
Topline Securities Ltd	2023-04-19	CEMENT	DGKC	3QFY23 EPS at Rs2.69 down 18% YoY while up 118% QoQ - Earnings higher than industry expectations	-	-	Download
Insight Securities	2023-04-28	CEMENT	ACPL	- 3QFY23 EPS clocked in at PKR3.62 - Below Expectation	-	-	Download
Insight Securities	2023-04-28	CEMENT	PIOC	3QFY23 EPS clocked in at PKR4.18 - Above Expectation	-	34	Download
Topline Securities Ltd	2023-05-02	CEMENT	LUCK	3QFY23 EPS at Rs67.11 up 178% YoY & 101% QoQ - Earnings higher than industry expectations	-	178	Download
Insight Securities	2023-05-04	CEMENT	LUCK	Pakistan Cements Dispatches down by ~18% in 10MFY23	-	-	Download
Topline Securities Ltd	2023-05-12	CEMENT	LUCK	Conference 2023 Takeaways; No price war expected	-	-	Download
Insight Securities	2023-05-16	CEMENT	LUCK	Pakistan Cements Staying afloat despite multiple headwinds	-	-	Download
Foundation Securities Private Limited	2023-05-18	CEMENT	LUCK	LUCK to expand clinker capacity in Iraq by 1.8mn tons	-	-	Download
Insight Securities	2023-06-08	CEMENT	DGKC	Revival in export volumes to lift margins	-	-	Download
Chase Securities Pakistan Private Limited	2023-06-16	CEMENT	KOHC	Continuing the games: Coal Price Decline Sets the Stage for Cement Margins to Explode	-	-	Download
Chase Securities Pakistan Private Limited	2023-06-22	CEMENT	LUCK	Cement Dispatches are expected to decline by 15.7% YoY in FY23	-	-	Download
Insight Securities	2023-06-27	CEMENT	ACPL	Pakistan Cements Coal prices reverting to mean	-	-	Download
Insight Securities	2023-07-05	CEMENT	LUCK	Pakistan Cements Dispatches down by ~16% in FY23	-	-	Download
Chase Securities Pakistan Private Limited	2023-07-11	CEMENT	DGKC	Cement Sector Update: Coal Price Decline Sets the Stage for Cement Margins to Explode	-	-	Download
Insight Securities	2023-08-04	CEMENT	LUCK	4QFY23 Previews: Profitability to increase by 46% YoY	-	46%	Download
Insight Securities	2023-08-08	CEMENT	LUCK	4QFY23 EPS clocked in at PKR8.3 - Below Expectation	-	-	Download
Chase Securities Pakistan Private Limited	2023-08-24	CEMENT	BWCL	Cement Dispatches are expected to grow by 26% YoY and 30% MoM in Aug’23	-	26% YoY	Download
Insight Securities	2023-08-29	CEMENT	ACPL	4QFY23 EPS clocked in at PKR3.33 – Inline with expectation	-	-	Download
Insight Securities	2023-08-29	CEMENT	FCCL	4QFY23 EPS clocked in at PKR0.19 – inline with expectation	-	-	Download
Chase Securities Pakistan Private Limited	2023-08-30	CEMENT	LUCK	CORPORATE BRIEFING NOTES	-	-	Download
Insight Securities	2023-08-31	CEMENT	DGKC	4QFY23 LPS clocked in at PKR13.1 – below expectation	-	-	Download
Insight Securities	2023-09-05	CEMENT	LUCK	Dispatches up by ~45% in 2MFY23	-	-	Download
Insight Securities	2023-09-14	CEMENT	FCCL	FY23 Analyst briefing takeaways	-	-	Download
Insight Securities	2023-09-18	CEMENT	LUCK	Leading across industries	-	56%	Download
Chase Securities Pakistan Private Limited	2023-09-21	CEMENT	LUCK	Cement Dispatches are expected to grow by 25% YoY in 1QFY24	-	-	Download
Insight Securities	2023-09-28	CEMENT	PIOC	4QFY23 LPS clocked in at PKR0.4 - Below Expectation	-	-	Download
Topline Securities Ltd	2023-10-03	CEMENT	LUCK	LUCK, BWCL and FCCL major contributor in profitability	-	-	Download
Insight Securities	2023-10-10	CEMENT	ACPL	1QFY24 EPS clocked in at PKR11.23 – below expectation	-	-	Download
Topline Securities Ltd	2023-10-17	CEMENT	MLCF	Cement profitability to increase by 40% YoY in 1QFY24	-	-	Download
Insight Securities	2023-10-19	CEMENT	MLCF	On solid grounds	-	-	Download
Chase Securities Pakistan Private Limited	2023-10-26	CEMENT	MLCF	Maximizing Returns in The Next Cycle–Part 1	-	-	Download
AKD RESEARCH	2023-10-27	CEMENT	LUCK	DGKC | PIOC 1QFY24 Result Previews	-	-	Download
Topline Securities Ltd	2023-11-01	CEMENT	LUCK	1QCY24 Corporate Briefing Takeaways	-	-	Download
Arif Habib Limited	2023-11-06	CEMENT	LUCK	Result Review: 1QFY24 EPS @ PKR 22.11	-	-	Download
Chase Securities Pakistan Private Limited	2023-11-14	CEMENT	KOHC	CORPORATE BRIEFING NOTES	-	-	Download