Markets
Earnings review of EFERT UBL SAZEW
Engro Fertilizers posted a 4% quarter-on-quarter increase in earnings for the September period
Oct 16, 2025
Oct 16, 2025
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).

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.
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In this episode of Stock Watch, Nukta’s Shuja Qureshi and Shahbaz Ashraf break down the latest corporate earnings from Engro Fertilizers, United Bank Limited (UBL), and Sazgar Engineering Works Limited.
Engro Fertilizers posted a 4% quarter-on-quarter increase in earnings for the September period and declared a dividend of PKR 4.50 per share.
UBL reported strong third-quarter results, bolstered by a lower effective tax rate of 53%. The bank announced a dividend of PKR 8.00 per share. Sazgar Engineering Works saw a 27% quarter-on-quarter growth in first-quarter earnings and rewarded shareholders with a dividend of PKR 15.00 per share.
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