The 25-Day Operational Blueprint

Day Focus Area Objective (1 Hour) Primary Source

1 Income Statement Find Revenue, Cost [Link]

of Sales, & Gross
Profit.

2 Operating Calculate Operating [Link]

Expenses Profit by
subtracting OpEx.

3 Debt Burden Check Finance [Link]

Costs (Bank
interest payments).

4 The Bottom Line Identify Net Income [Link]

(Actual money left
over).

5 Assets Review Total Assets [Link]

(Cash, property,
equipment).

6 Liabilities & Equity Subtract Liabilities [Link]

from Assets to find
Net Worth.

7 Cash Flow Verify "Cash from [Link]

Operating
Activities" is
positive.

8 Market Cap Multiply Stock Price PSX Data Portal

by Outstanding
Shares.

9 Liquidity Analyze Daily PSX Data Portal

Trading Volume to
 gauge trap risk.

10 Order Book Watch live Bids, PSX Data Portal

Asks, and Spread
during market
hours.

11 Dividends Calculate Dividend PSX Data Portal

Yield (The cash
payout to you).

12 Pricing Power Identify sectors that YouTube / Research

can raise prices
during inflation.

13 Market Diagnostics Watch a daily YouTube (Invest

market recap to KaR)
learn terminology.

14 Interest Rates Track KIBOR and its SBP Website / PSX

inverse effect on
stock prices.

15 EPS Find Earnings Per [Link]

Share for three
different
companies.

16 P/E Ratio Divide Price by EPS [Link]

to find your
payback period.

17 P/B Ratio Compare stock [Link]

price to physical
liquidation value.

18 ROE Check Return on [Link]

Equity to judge
management
 efficiency.

19 Masterclass Pt 1 Study local YouTube (PSX 101)

Pakistani market
cycles and
dynamics.

20 Masterclass Pt 2 Analyze YouTube (PSX 101)

macroeconomic
triggers (IMF
bailouts, rates).

21 Valuation Teardown Write a 1-paragraph Your Notes

summary of one
company's value.

22 Infrastructure Learn CDC Investor [Link]

Account vs. Broker
Sub-Account.

23 Vault Mechanics Review CDC Access Portal

requirements for
opening a CDC
Account.

24 Indices Compare KSE-100 PSX Data Portal

(Broad) vs. KMI-30
(Islamic/Shariah).

25 Final Simulation Allocate Rs. Your Notes

1,000,000 paper
money to 3 stocks
and justify.
Phase 1: The School’s Anatomy (Diagnosing the Business)
Your goal this week is to understand how cash moves through a business using [Link]'s
visual charts.

●​ Day 1: Top Line vs. Direct Costs. Log into [Link]. Pick a cement company (e.g.,
LUCK). Find the "Financials" tab. Identify their "Revenue" (the tuition fees) and their
"Cost of Sales" (teacher salaries). Calculate the Gross Profit.
●​ Day 2: The Friction (OpEx). Stay on the same company. Find their "Operating
Expenses" (electricity, admin, marketing). Subtract this from the Gross Profit to find the
"Operating Profit." Note how much friction it takes just to keep their gates open.
●​ Day 3: The Debt Burden. Look at their "Finance Costs." This is the interest they pay to
the banks. If interest rates are 20%, see how much of their profit gets wiped out just
servicing loans.
●​ Day 4: The Bottom Line (Net Profit). Find the "Net Income." This is what is actually left
in the drawer. If a company has massive Revenue but negative Net Income, they are
bleeding cash. Write down why they bled cash (was it OpEx or Finance Costs?).
●​ Day 5: The Balance Sheet (Assets). Switch to the Balance Sheet tab. Look at their
"Total Assets." This is the physical campus, the buses, and the cash in the bank.
●​ Day 6: The Balance Sheet (Liabilities). Look at "Total Liabilities" (what they owe).
Subtract Liabilities from Assets to find the "Total Equity." This is the true net worth of the
business if they closed down today and sold everything.
●​ Day 7: The Cash Flow Check. Find the "Cash Flow Statement." A company can fake Net
Profit using accounting tricks, but they cannot fake hard cash. Ensure their "Cash from
Operating Activities" is positive. If it is negative, the school is running out of money
before the summer vacation ends.

Phase 2: The Auction House (Market Dynamics)

Your goal this week is to understand how the stock price is actually decided. Your source is the
PSX Data Portal ([Link]).

●​ Day 8: Market Capitalization. A Rs. 10 stock is not "cheaper" than a Rs. 100 stock.
Multiply the current stock price by the "Outstanding Shares" to find the Market Cap.
This is the absolute price tag to buy 100% of the company outright.
●​ Day 9: Liquidity & Volume. Look at the daily "Volume" of a blue-chip stock (like ENGRO)
versus a penny stock. Volume is how many shares traded hands today. If volume is low,
you will be trapped in the stock when you want to sell.
●​ Day 10: The Order Book. Open an active stock during market hours (9:30 AM to 3:30
PM PKT). Watch the "Bid" (buyers) and "Offer/Ask" (sellers) change in real time. The price
only moves when one side gets aggressive and crosses the spread.
 ●​ Day 11: Dividends (The Payout). When the school makes a profit, the owner can either
reinvest it into a new building or take it home as cash. That cash payout is a Dividend.
Look up the "Dividend Yield" of a bank like MEBL.
●​ Day 12: Inflation & Pricing Power. If inflation hits 25%, the school must raise tuition, or
their margins die. Spend an hour researching which PSX sectors have "pricing power"
(the ability to force customers to pay more, like power companies) and which ones get
crushed.
●​ Day 13: Daily Market Diagnostics. Go to YouTube. Search for "Sarmaaya Financials"
or "Invest KaR." Watch one of their daily market recap videos. Write down every term
you don't understand.
●​ Day 14: The Interest Rate Gravity. Research the current KIBOR (Karachi Interbank
Offered Rate). When the State Bank of Pakistan raises rates, companies pay more for
debt, their Net Profits drop, and stock prices fall. Understand this inverse relationship.

Phase 3: Valuation (Pricing the Squad)

Just like football analytics, you need metrics to know if a player is overpriced. Your source is the
"PSX 101 Mubariz Siddiqui" podcast on YouTube.

●​ Day 15: Earnings Per Share (EPS). If the school makes Rs. 1 Crore in profit, and there
are 1 Million shares, the EPS is Rs. 10 per share. Find the EPS of three different
companies on Sarmaaya.
●​ Day 16: The P/E Ratio (Price-to-Earnings). Divide the stock price by the EPS. If a stock
costs Rs. 100 and the EPS is Rs. 10, the P/E is 10. It will take 10 years of current profits to
pay you back. Find the P/E of a tech company vs. a fertilizer company.
●​ Day 17: P/B Ratio (Price-to-Book). This compares the stock price to the physical
liquidation value of the company (Total Equity). If the P/B is below 1, the market values
the company at less than the sum of its physical parts.
●​ Day 18: Return on Equity (ROE). How efficiently is management running the squad? If
the school has Rs. 10 Crore in Equity and makes Rs. 2 Crore in profit, the ROE is 20%.
Look for companies with consistent ROE above 15%.
●​ Day 19: The Masterclass (Part 1). Watch the first 30 minutes of the Mubariz Siddiqui
PSX 101 podcast. Take notes on how he describes the local market cycles in Pakistan.
●​ Day 20: The Masterclass (Part 2). Watch the rest of the podcast. Focus on how
macroeconomic events (like IMF bailouts) trigger market rallies regardless of individual
company health.
●​ Day 21: The Valuation Teardown. Pick one company. Write down its Market Cap, P/E,
ROE, and Dividend Yield. Write a one-paragraph summary of whether you think the
"school" is overpriced or underpriced.

Phase 4: The Pakistani Infrastructure (The Vault)

Your goal is to understand the plumbing so your money is never stolen or locked up. Your
source is [Link] and the CDC portal.

●​ Day 22: Brokers vs. the CDC. Read the SECP guidelines on the difference between a
Sub-Account (held by the broker) and an Investor Account (held directly by the Central
Depository Company).
●​ Day 23: CDC Online Mechanics. Go to the CDC Access portal
([Link]). Read the requirements for their Online Account Opening
Solution. Look at the IBAN and tax filer requirements.
●​ Day 24: KSE-100 vs. KMI-30. Understand the indices. The KSE-100 tracks the largest
companies. The KMI-30 tracks only Shariah-compliant companies (excluding
conventional banks with interest-based debt). Decide which universe you will operate in.
●​ Day 25: The Final Simulation. You have Rs. 1,000,000 in paper money. Pick exactly 3
companies. Allocate the capital. Write down exactly why you bought them based on
their Net Profit, P/E ratio, and cash flow.