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Analyst Opinion
PSO - Pakistan State Oil Company Ltd. Consolidated
PSO Clears Key Resistance, Setting the Stage for Further Gains
M Wajahat    8/18/2026 12:00:00 AM
PSO has successfully broken above its long-term resistance zone, signalling strengthening bullish momentum and a significantly improved technical outlook. We advise investors to consider accumulating positions within the PKR 382.30–384.35 range. Based on the prevailing chart structure, the stock has the potential to advance towards PKR 399.91, PKR 412.35, and PKR 435.21, provided bullish momentum remains supported by healthy volume participation. To ensure prudent risk management, a strict stop-loss at PKR 345.60 is recommended.
Link: https://scstrade.com/research/Research%20Reports/General/Technical%20Analysis%20Report%20PSO%20Aug%2018,%202026...pdf
PSO - Pakistan State Oil Company Ltd. Consolidated
PSO owns PRL
SCS Research update    8/4/2026 12:00:00 AM
SCS assessment PSO now owns a 63% stake in PRL. This is an increase from the previous holding of ~60% As per SCS, the extraordinary move in PRL is related to this government-based ownership Also, SCS believes PRL will increase its production of petrol after the new refining policy. Also, refineries were allowed to export FO (heating oil) as per media handouts SCS would like to remind that PSO is still waiting for a resolution of inter-corporate debt. As per a media handout published last week, PSO is still depicting the receivable amount of PKR 900bn in the media reports Hence, SCS Research is positive on PSO & PRL on these downstream oil sector developments
Link: https://www.linkedin.com/in/mahsan178/
PSO - Pakistan State Oil Company Ltd. Consolidated
PSO & Petrol Price Break up….
Ahsan Muhammad Asif    8/1/2025 12:00:00 AM
In the oil marketing (OMC) sector, we are focusing on Pakistan State Oil (PSO). We are covering it and our FY25 EPS estimation is PKR 44/sh plus a dividend forecast of PKR 10-20/sh. Whilst our FY26 EPS target is PKR 120/sh based on 1) our probable thrust of an increase in OMC margin by the government to benefit Saudi based companies viz. Aramco sites & WAFI 2) incremental other income 3) reduction in financial charges 4) an improved profile of the balance sheet once there is improvement in intercorporate circular debt situation at the behest of IMF from time to time.
Link: https://www.scstrade.com/research/Research%20Reports/General/PSO%20&%20Petrol%20Price%20Break%20up%E2%80%A6.pdf
PSO - Pakistan State Oil Company Ltd. Consolidated
PSO – Main beneficiary
Ahsan Muhammad Asif    7/28/2025 11:18:12 AM
PSO – Main beneficiary of the government plans to settle its corporate debt. PSO Receivable is standing ~PKR 500bn as per company latest books. In this case PSO is expected to receive approximately PKR 66.2 bn which constitutes an after-tax incremental impact of PKR 119.9/sh on EPS. PSO has already reported 9MFY25 EPS of PKR 32.52/sh. Ahsan M Asif Research Analyst SCS