Markets
Corporate earnings of FCEPL, AICL, and HTL
Watch the video for the full analysis
Jan 15, 2026
Jan 15, 2026

Shuja Qureshi
Presenter
With over 20 years of combined experience in media and stock brokerage, Shuja Qureshi is a seasoned professional who hosts a weekly stock market show on Nukta. Passionate about personal finance, he also presents 'How to Money with Shuja Qureshi' on Nukta.
Shahbaz Ashraf
Business Consultant
Seasoned Investment Professional | CFA | 17+ Years of Experience in Equity Research, Valuation & Advisory Seasoned investment professional with over 17 years of experience in equity research, financial analysis, valuations, and investment advisory—primarily focused on financial services firms, including equity brokerages, asset management companies, and family offices. Skilled in financial modeling, portfolio management, and evaluating multi-asset investment opportunities. Known for delivering data-driven insights and actionable strategies tailored to both institutional and private clients. Holds a BBA and MBA in Finance from the Institute of Business Management (IoBM), Karachi, and is a Chartered Financial Analyst (CFA).
- YouTube
In this episode of Stock Watch, Nukta’s Shuja Qureshi and Shahbaz Ashraf analyze the September quarter results of Frieslandcampina Engro Pakistan Ltd (FCEPL), Adamjee Insurance Company Ltd (AICL), and Hi-Tech Lubricants Ltd (HTL).
FCEPL’s impressive 237% quarter-on-quarter earnings growth was driven by a 4.8% rise in sales, AICL’s 50% profit increase supported by a 19.6% boost in investment income, and HTL’s 10% earnings per share growth as gross margins improved to 10%.








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