ENGROH: Major Share Buyback Announcement -Bullish Catalyst AheadEngro Holdings LimitedPSX_DLY:ENGROHMindTrade_2026Engro Holdings Limited (PSX: ENGROH) has announced a strategic share buyback program that could significantly impact shareholder value: Key Highlights: ✅ Buyback Size: Up to 45 million shares (~3.73% of outstanding shares) ✅ Buyback Window: May 7 - October 25, 2026 ✅ AGM Approval: April 28, 2026 (Books closed: April 21-28) Why This Matters: 1. Positive Signal: Management confidence in financial position and long-term outlook 2. EPS Enhancement: Reducing share count will boost earnings per share 3. Shareholder Returns: Direct capital return + improved cash flow per share 4. Market Psychology: Buyback announcements typically drive 2-3% immediate price increases Technical Setup (From Chart): Current Price: ~255.49 PKR 🎯 Target: 388.94 PKR (+33.9%) 🛑 Stop Loss: 230.95 PKR 📊 Risk/Reward: 1.65 This buyback announcement aligns well with the technical setup, showing a potential move toward 388 PKR. Risk Note: Wait for confirmation of AGM approval on April 28 before establishing large positions.