SeekhKar

Update Log

New features, data updates and corrections, newest first. When SeekhKar gets a number wrong, the fix is recorded here.

Last updated: 6 Nov 2026

  1. New name and address: SeekhKar at seekhkar.pk

    • The site is now called SeekhKar and lives at https://seekhkar.pk, with a new logo. Every guide, comparison and calculator is unchanged.
    • Portfolios and watchlists are saved in your own browser for each web address, so they do not move on their own. If you used the portfolio tracker at the old address, download a backup there from the Backup panel and import it here.

  2. New post: JDW Sugar vs Ibrahim Fibres vs Bannu Woollen vs S.S. Oil Mills

    • JDW Sugar Mills, Ibrahim Fibres, Bannu Woollen Mills and S.S. Oil Mills compared on P/E, P/B, ROE, dividends, EPS growth and debt, using their latest results and closing prices on 5 November 2026. It explains Ibrahim Fibres' one-off Sindh cess (SIDC) charge and why Bannu Woollen's low price-to-book is misleading, and is listed under the "How to Find Undervalued Stocks on the PSX" guide.

  3. New post: Shifa vs Service Industries vs PIBTL vs Javedan

    • Shifa International Hospitals, Service Industries, Pakistan International Bulk Terminal and Javedan Corporation compared on P/E, P/B, ROE, dividends, EPS growth and debt, using results to 30 September 2026 and closing prices on 5 November 2026. It explains Service Industries' 10-for-1 share split and Javedan's one-off gain on the Naya Nazimabad Apartment REIT listing, and is listed under the "P/E Ratio by Sector in Pakistan" guide.

  4. New post: International Steels vs International Industries

    • International Steels and International Industries compared on P/E, P/B, ROE, dividends, profit growth and debt, using results to 30 September 2026 and closing prices on 5 November 2026, with the one-off Sindh Infrastructure Development Cess gains in both companies' Q1 FY27 profits explained. It is listed under the "How to Find Undervalued Stocks on the PSX" guide.

  5. New post: PSX vs Adamjee Insurance vs First Habib Modaraba

    • Pakistan Stock Exchange, Adamjee Insurance and First Habib Modaraba compared on P/E, P/B, ROE, dividend yield and profit growth, using results to 30 September 2026 and closing prices on 5 November 2026. It is listed under the "Dividend Investing in Pakistan" guide.

  6. Update: Thatta Cement's FY26 results

    • The Pioneer Cement and Power Cement comparison now gives Thatta Cement's FY26 results (filed on 5 November 2026). Thatta will be added to the comparison when it files its Q1 FY27 accounts, due by 29 November 2026.

  7. New posts: holding companies, and Pakistan Tobacco, Packages and Pak Elektron

    • Engro Holdings and Arif Habib Corporation compared on P/E, P/B, ROE, dividend yield, profit growth and debt, using results to 30 September 2026 and closing prices on 3 November 2026, with what each company owns. It is listed under the "How to Find Undervalued Stocks on the PSX" guide.
    • Pakistan Tobacco, Packages and Pak Elektron compared on the same measures, using results for the nine months to 30 September 2026. It is listed under the "Dividend Investing in Pakistan" guide.

  8. New posts: Haleon vs AGP, and Pakistan's two KSE-100 REITs

    • Haleon Pakistan and AGP compared on P/E, P/B, ROE, dividend yield, profit growth and debt, using results for the nine months to 30 September 2026 and closing prices on 2 November 2026. It is listed under the "P/E Ratio by Sector in Pakistan" guide.
    • Dolmen City REIT and TPL REIT Fund I compared on price to NAV, dividend yield, earnings and borrowings, with a short explanation of what a REIT is. It is listed under the "Dividend Investing in Pakistan" guide.

  9. New posts: food, textile and cement stock comparisons

    • National Foods, Fauji Foods and Murree Brewery compared on P/E, P/B, ROE, dividend yield, profit growth and debt, using results to 30 September 2026 and closing prices on 2 November 2026. National Foods is valued on its recurring earnings, without the gain on selling its Canadian business. It is listed under the "Dividend Investing in Pakistan" guide.
    • Interloop and Nishat Mills compared on the same measures. It is listed under the "How to Find Undervalued Stocks on the PSX" guide.
    • Pioneer Cement and Power Cement compared on the same measures. Thatta Cement will be added when it files its Q1 FY27 accounts. It is listed under the "P/E Ratio by Sector in Pakistan" guide.

  10. New posts: refinery, glass and chemical stock comparisons

    • Attock Refinery and Cnergyico compared on P/E, P/B, ROE, dividends, profit growth and debt, using results for the quarter ended 30 September 2026 and closing prices on 2 November 2026, with what drove the jump in refining profits. It is listed under the "P/E Ratio by Sector in Pakistan" guide.
    • Ghani Glass and Tariq Glass compared on the same measures. It is listed under the "Dividend Investing in Pakistan" guide.
    • Lucky Core Industries and Noventra (formerly Lotte Chemical Pakistan) compared on the same measures, with Noventra's planned purchase of Engro Polymer & Chemicals. It is listed under the "How to Find Undervalued Stocks on the PSX" guide.

  11. New posts: pharma, FMCG and auto stock comparisons

    • GSK Pakistan, Abbott, Highnoon and Searle compared on P/E, P/B, ROE, dividend yield, profit growth and debt, using results for the twelve months to 30 September 2026 and closing prices on 2 November 2026. It is listed under the "P/E Ratio by Sector in Pakistan" guide.
    • Nestle Pakistan, Colgate-Palmolive and Unilever Pakistan Foods compared on the same measures, with a note on McCormick's planned offer for Unilever Pakistan Foods. It is listed under the "Dividend Investing in Pakistan" guide.
    • Millat Tractors, Atlas Honda and Ghandhara Industries compared on the same measures. It is listed under the "How to Find Undervalued Stocks on the PSX" guide, and the old Atlas Honda analysis address now leads to it.

  12. New posts: mid-size bank and cement stock comparisons

    • Bank of Punjab, HabibMetro, Askari Bank, Allied Bank and Standard Chartered compared on P/E, P/B, ROE, dividend yield and profit growth, using results for the nine months to 30 September 2026 and closing prices on 2 November 2026. It is listed under the "Dividend Investing in Pakistan" guide.
    • Cherat, Bestway and Kohat Cement compared on the same measures plus debt, using results for the quarter ended 30 September 2026 and closing prices on 2 November 2026. It is listed under the "How to Find Undervalued Stocks on the PSX" guide.
    • The KSE-100 comparisons page now shows every company that ties for the lowest P/E or the highest yield.

  13. New page: KSE-100 stocks compared, sector by sector

    • A new page at /kse-100 lists every sector comparison with three headline numbers read from the post itself: the company that scores best on our scorecard, the lowest P/E and the highest dividend yield. It also lists the sectors still to come. It is linked from the main menu ("Compare Stocks"), the footer, the home page and each sector guide.
    • The home page now shows one link per sector. A sector with several comparisons, such as banks, links to its sector guide, which lists them all.

  14. New posts: two more bank stock comparisons

    • Bank AL Habib, NBP, Bank Alfalah and Faysal Bank compared on P/E, P/B, ROE, dividend yield and profit growth, using results for the nine months to 30 September 2026 and closing prices on 30 October 2026. It covers NBP's record Rs 35 dividend and the September 2026 court ruling on its pensions, and is listed under the "How to Find Undervalued Stocks on the PSX" guide.
    • Meezan Bank, Faysal Bank and Bank Makramah, the KSE-100's three Islamic banks, compared on the same measures, including Bank Makramah's 9M 2026 loss and recapitalisation. It is listed under the "P/E Ratio by Sector in Pakistan" guide.

  15. Company lists follow the October 2026 KSE-100 recomposition

    • Sector guides and the portfolio tracker now list the KSE-100 companies after the recomposition that took effect on 1 October 2026: Bank Makramah, Thatta Cement, Nishat Chunian Power and Image Pakistan were added, and Hum Network, Mehmood Textile, Pakistan Aluminium Beverage Cans and Rafhan Maize were removed.
    • Corrected two tickers: JDW Sugar Mills trades as JDWS, and Lotte Chemical's ticker no longer carries a stray space.

  16. New post: Hub Power, KAPCO, Nishat Power and Nishat Chunian Power stock comparison

    • New blog post comparing Hub Power, Kot Addu Power, Nishat Power and Nishat Chunian Power on P/E, P/B, ROE, dividend yield, debt and receivables, using results for the quarter ended 30 September 2026 and closing prices on 30 October 2026. It explains the new take-and-pay power contracts, notes why K-Electric is left out, and is listed under the "Dividend Investing in Pakistan" guide and on the power generation sector guide.

  17. Dividend Calculator corrected

    • The tax rate defaulted to 10%, which matches no dividend rate. It now offers the FY 2026-27 withholding rates: 15% for filers, 30% for non-filers, 7.5% for filers on dividends from power producers (IPPs) and 25% for dividends from a company that paid no tax, or a rate you enter.
    • Corrected the tax FAQ: for individuals the tax withheld on a dividend is the final tax, not added to other income at slab rates.
    • You can now enter the dividend in rupees per share instead of a yield. The monthly figure is labelled as an average, since most companies pay quarterly, twice a year or yearly.
    • Removed the claim that a 3-5% yield is good, the DRIP answer (PSX companies rarely offer one) and a link to stock pages that no longer exist.
    • Formulas on every calculator now keep one formula per line.

  18. Footer links to the newest stock comparisons

    • The footer on every page now lists the six newest sector stock comparisons, so each new comparison is one click from any page.

  19. Home page: new top section

    • The home page opens with a search box for companies, sectors and calculators, links to each sector comparison, and a card comparing four large banks on P/E, dividend yield and ROE using the figures from the bank comparison post. The site counts that sat lower on the page now sit in this section.
    • A search from the home page with no direct match opens the blog filtered by that word.

  20. Updated: PPL first-quarter results and a Meezan Bank correction

    • The OGDC, PPL, Mari and POL comparison now includes PPL's results for the quarter ended 30 September 2026 (EPS Rs 9.27, up 26%, and a Rs 2 interim dividend), which replace the analyst estimate shown before. PPL's book value is now dated 30 June 2026.
    • Corrected Meezan Bank's market value in the bank stock comparison to Rs 946 billion (Rs 523.76 × 1,807,096,448 shares); it was shown as Rs 943 billion.

  21. New post: PSO vs Attock Petroleum oil marketing stock comparison

    • New blog post comparing Pakistan State Oil and Attock Petroleum on P/E, P/B, ROE, dividend yield, debt, market share and circular-debt receivables, using results for the quarter ended 30 September 2026 and closing prices on 29 October 2026. It is listed under the "Dividend Investing in Pakistan" guide and on the oil marketing sector guide.

  22. New post: Systems, TRG, Air Link and PTCL technology stock comparison; sector guides link their comparisons

    • New blog post comparing Systems Limited, TRG Pakistan, Air Link Communication and PTCL on P/E, P/B, ROE, dividend yield, debt and growth, using their latest results to 30 September 2026 and closing prices on 29 October 2026. It explains why P/E, EV/EBITDA and book value suit different companies in the sector, and is listed under the "How to Value Stocks in Pakistan" guide. The old Systems Limited post address now redirects here.
    • Sector guides now show a "Stocks Compared" panel linking to that sector's comparison post (banks, oil and gas exploration, fertilizer, cement and technology so far).

  23. Blog: single-company analyses replaced by sector comparisons

    • Removed the seven single-company posts (Meezan Bank, Mari Energies, Lucky Cement, Fauji Fertilizer, Systems Limited, OGDC and Atlas Honda). Each company is now covered with newer figures in a sector comparison, and each old address redirects permanently to that comparison, or to the technology or automobile sector guide until those comparisons are published.

  24. New post: Lucky, Fauji, Maple Leaf and DG Khan cement stock comparison

    • New blog post comparing Lucky Cement, Fauji Cement, Maple Leaf Cement and DG Khan Cement on P/E, P/B, ROE, dividend yield, debt, dispatches and enterprise value per tonne of capacity, using results for the quarter ended 30 September 2026 and closing prices on 29 October 2026. It is listed under the "How to Find Undervalued Stocks on the PSX" guide.

  25. New post: FFC, Engro Fertilizers and Fatima fertilizer stock comparison

    • New blog post comparing Fauji Fertilizer, Engro Fertilizers and Fatima Fertilizer on P/E, P/B, ROE, dividend yield, debt and urea sales, using consolidated results for the nine months to 30 September 2026 and closing prices on 29 October 2026. It is listed under the "Dividend Investing in Pakistan" guide.

  26. New post: OGDC, PPL, Mari and POL oil and gas stock comparison

    • New blog post comparing OGDC, PPL, Mari Energies and Pakistan Oilfields on P/E, P/B, ROE, dividend yield and circular-debt receivables, using their results for the year to 30 June 2026 and closing prices on 28 October 2026. P/E and growth are also shown excluding the one-off super tax reversals booked in FY26. It is listed under the "P/E Ratio by Sector in Pakistan" guide.

  27. New post: UBL, Meezan, HBL and MCB bank stock comparison

    • New blog post comparing UBL, Meezan Bank, HBL and MCB on P/E, P/B, ROE, dividend yield and profit growth, using their results for the nine months to 30 September 2026 and closing prices on 28 October 2026. It is listed under the "How to Value Stocks in Pakistan" guide.

  28. Learning site: sector guides rebuilt, empty data pages removed

    • SeekhKar runs as a learning site without live prices. The sectors page now explains how each sector earns money, its risks, the numbers to check and the valuation methods that suit it; each sector guide adds an "at a glance" panel, a step-by-step "how to value" section and its full company list.
    • Removed pages that could only show "not available" without a licensed price feed: stock pages, the stock and valuation screeners, the dividend calendar, announcements, the watchlist and its alerts, and stock comparison. Their addresses redirect to the matching guide or tool.
    • Removed the currency converter, which used fixed, undated exchange rates, and the Stock Analysis menu. The archived company case studies remain on the blog.

  29. Learning-first content review and search fixes

    • Merged 14 overlapping blog posts into the seven learning guides, which gain sections on where valuation inputs come from, terminal value with a worked DCF, dividend yield and how dividends are paid, trailing versus forward P/E, business quality checks and value traps. The old addresses redirect to the matching guide.
    • The seven company stock analyses and the bank comparison are now archived case studies, dated to mid-2026. Buy and sell verdicts, analyst targets and "who should buy" sections were removed, and these pages are no longer offered to search engines.
    • Corrected the CDC account guide: there is no general capital gains tax exemption for holding shares two years, PSX settles trades on T+1 since February 2026, and broker rankings and stock suggestions were removed. Tax rates now point to NCCPL and FBR.
    • Corrected the halal stocks guide: the six KMI screening tests as published by PSX, the 2026 debt-ratio change, and removed references to calculators SeekhKar does not offer. Company picks were removed.
    • Fixed the debt payoff calculator: the extra payment was applied to every debt at once, so avalanche and snowball always gave the same answer. It now pays minimums on all debts and puts the extra on one target debt at a time.
    • Thirteen calculators gain worked examples, guidance on reading the result and common mistakes. Every example figure is checked against the calculator in automated tests.
    • Removed the "Guides" page, which listed handbooks that did not exist, and the home page's "25+ calculators" figure, which now counts the actual calculators.
    • Unknown addresses now return a proper "page not found" response, security and caching headers are applied, pages no longer jump while loading, and blog images are served in smaller, modern formats.

  30. Portfolio tracker, watchlist alerts and offline app

    • Portfolio tracker that stores everything in your browser: trades, fees, dividends, bonus shares and splits, with realised and unrealised P&L (weighted average or FIFO), sector allocation and a KSE-100 comparison. Download a full backup at any time.
    • Watchlist with in-app alerts for ex-dividend dates, results announcements and margin of safety thresholds.
    • SeekhKar can be installed as an app and keeps working offline with the last data it showed.

  31. Dividend calendar, announcements, Shariah filter and screener

    • New dividend calendar, announcements feed and stock screener with shareable links. They fill in once a licensed data source is connected.
    • Shariah status from KMI All Share Index membership, with its date and source, shown on stock pages and filterable everywhere stocks are listed.
    • Stock pages add DDM and P/E-relative values, a composite margin of safety, payout history and announcements.
    • Take Home Pay calculator adds a freelancer (export) mode using the section 154A final tax.

  32. Credibility fixes: dated data, traceable valuations, FY 2026-27 tax

    • Removed every hand-typed stock price, ratio and intrinsic value. They had no date or source, 85 stocks showed zero placeholders, and the displayed "Graham Number" values did not match the Graham formula (for example OGDC showed Rs. 195 where its own inputs gave Rs. 183.64).
    • Stock pages now compute every figure from dated, sourced inputs and show the calculation in a "How this was calculated" block.
    • Stocks whose price is missing, zero or more than 3 trading days old are hidden from lists, and their pages show "Data temporarily unavailable".
    • Replaced contradictory "live", "5-minute delay" and "illustrative" wording with one data statement used everywhere.
    • Removed the unbacked "Join 50,000+ investors" line and a newsletter form that did not send your address anywhere.
    • Income Tax, Salary and Take Home Pay calculators updated to the FY 2026-27 slabs in the Finance Act 2026, with FY 2025-26 still selectable. The previous version used FY 2024-25 slabs and a standard deduction that does not exist in the law.
    • New pages: Methodology, Data Sources and Terms, author pages and this Update Log.

  33. Search and trust improvements

    • Every page, blog post, stock and sector page is now prerendered for search engines, and the sitemap is generated from the same route list.
    • Removed unverified usage statistics and testimonials from the home page.
    • Fixed structured data and broken internal links.

  34. All KSE-100 companies added

    • Added company profile pages for all KSE-100 constituents. 85 of these were published with placeholder (zero) financial figures; those figures were removed on 17 October 2026.

  35. Performance and accessibility

    • Faster page loads (bundle splitting, font loading, layout-shift fixes) and colour-contrast fixes.

  36. Prerendered pages

    • Introduced prerendering so search engines see full page content.

  37. Site launched

    • PSX valuation tools (Graham Number, DCF, P/E Relative, DDM) and personal finance calculators for Pakistan.