DGKC Rafhan Stake & OGDCL Dividend Path | ISL & Sugar Value Plays | Midday Flash 3 Jul 2026

Midday Flash (3 Jul 2026) covers a major day for the Pakistan Stock Exchange (PSX), with the KSE-100 entering July result season alongside falling inflation and lower PIB yields. In today’s breakdown, SCS Trade looks at DGKC’s landmark Rafhan Maize stake acquisition, OGDCL’s production recovery path, and key sector themes across cement, E&P, sugar, flat steel, and refineries. What's covered in this video: DGKC — Rafhan Maize transaction: DG Khan Cement’s group acquired a 31.07% stake in Rafhan Maize, worth around Rs. 28 billion at Rs. 9,800 per share. OGDCL — production and dividend outlook: OGDCL is targeting a return toward 50,000 barrels of oil per day, with expectations of a Rs. 5 quarterly dividend in FY2027. Cement Sector — pricing and investment book value: Northern Zone cement prices are holding around Rs. 1,500–1,600, while DGKC’s investment book value is impacted by the Rafhan Maize transaction. Sugar Sector — value plays: JDW Sugar, Shahmurad Sugar, and Shataj Sugar are discussed in the context of 11–12% extraction yields and ethanol export potential. ISL — flat steel demand: International Steel is highlighted as a flat steel leader, supported by auto, 2-wheeler, housing, roads, and galvanized product demand. Refinery Sector — Attock Refinery outlook: Attock Refinery is discussed as a potential exception due to its local crude linkage with Pakistan Oilfields. Whether you are tracking the KSE-100 index, doing fundamental analysis, or looking for the latest equity market updates, this breakdown has you covered. Join our webinar: https://invest.scstrade.com/webinar New to investing? Start here: https://invest.scstrade.com/new-to-in... Contact: UAN: 111-111-721 Ext: 117 & 118 New Account Opening: 0321-8296919, 0307-1-SCSSCS (727727) IT Related Support: 0306-1-SCSSCS (727727) Payments and Withdrawals: 0305-1-SCSSCS (727727) Website: https://scstrade.com/ Facebook:   / scstradez   Instagram:   / scstradecom   Twitter: https://x.com/scstrade LinkedIn:   / standard-capital-securities-pvt-ltd   TikTok:   / scstradez   Disclaimer: Any insight is purely for educational purposes only. Always do your own analysis before making investments. #PSX #PakistanStockMarket #KSE100 #KSE100Index #StockMarketPakistan #MarketAnalysis #DGKC #RafhanMaize #OGDCL #CementStocks #EnergyStocks #SugarStocks #SteelStocks #RefineryStocks #EarningsSeason #DividendYield