Category: Brokerage
KASB Securities Limited and Economics Research- The Keystone – Equities
Karachi, May 24, 2013 (PPI-OT): KSE-100: RSI doing the trick Finally, the RSI which yesterday reached the recent high of 89.70 seemingly caused a breather and was aided by weakness emanating from stocks which led the recent rally. According to KASB Securities Limited importantly, RSI appears to have found a critical resistance area which has [...]
AKD Quotidian about — Apr’13 Textile exports and sector update
Karachi, May 24, 2013 (PPI-OT): As per PBS, textile exports in the month of Apr’13 slipped by 3%MoM to US$1.1 bn where yam exports dropped by IO%MoM to US$1 88mn, following a 12%MoM decline in yarn export volumes. According to AKD Securities for IOMFYI3, textile exports are up by 6%YoY to US$1O.7bn. Following weak Chinese [...]
Morning Shout released by KASB Securities Limited and Economics Research
Karachi, May 24, 2013 (PPI-OT): FFBL: DAP margin hike not enough to upgrade from U/P KASB Securities Limited revises up PO for FFBL by 7% (to PRs44) and 2013/14E EPS by 12%/9% to account for lower input cost (phosacid), which was down 2.5% QoQ. According to KASB Securities Limited believes despite recovery in margins, FFBL’s [...]
AKD Securities Equity Research – Pakistan weekly update
Karachi, May 24, 2013 (PPI-OT): Pit Stop Short-Term View: Benchmark KSE eased 0.54% yesterday. With a bullish theme intact above minor averages, expect continuation towards 21,797 21,946 levels. According to AKD Securities Immediate supports reside around 21,336 and 20,958 levels. Thrust of impulse is strong enough to produce further gaps in the sessions ahead (i.e [...]
Taurus Securities Limited Market Roundup
Karachi, May 24, 2013 (PPI-OT): KSE-100 index lost 116 points yesterday to close at 21,342.65 points with 473mn shares being traded. According to Taurus Securities Limited top performers as per index points were FFC, ENGRO and BAHL whereas; top decliners were MCB, OGDC and PPL. Activity was mainly concentrated in Construction and Materials, Fixed Line [...]
KASB Securities Limited and Economics Research – The Keystone – Equities
Karachi, May 23, 2013 (PPI-OT): KSE-100: Stocks driving index seemingly losing luster! Gaining another 290 points today, the momentum indicator RSI has once again reached recent high of 89.70. According to KASB Securities Limited however, importantly few stocks which drove index level to new highs are gradually losing luster; evident through their intraday behaviour as [...]
KASB Securities Limited and Economics Research- Commodities Corner
Karachi, May 23, 2013 (PPI-OT): Lack of clarity on bond purchase program takes a toll Overall market sentiments weakened on the news that tapering the bond program is gathering more attention. According to KASB Securities Limited FOMC minutes indicated that some officials were open to the idea of tapering the pace of purchase of bonds, [...]
Morning Shout released by KASB Securities Limited and Economics Research
Karachi, May 23, 2013 (PPI-OT): Presidential Ord to be signed for interim tax measures As per latest news, the interim govt is in the process of announcing measures to boost tax revenue by ~PRs152bn with an objective to reduce fiscal deficit. According to KASB Securities Limited these measures include 1% hike in GST, 5% WHT [...]
AKD Quotidian about — A Backdoor Case for Monetary Easing!
Karachi, May 23, 2013 (PPI-OT): Bouyed by post-election fervour and strong FPI flows (CYTD: US$283mn), the KSE-100 Index has gained 27%CYTD. According to AKD Securities in view, part of this bullish momentum may also be attributable to emergent expectations of further monetary easing. In this regard, potential arrangement of a deferred oil payment facility from [...]
AKD Securities Equity Research – Pakistan weekly update
Karachi, May 23, 2013 (PPI-OT): Bulls Rule Short-Term View: Allied to the bullish theme, benchmark KSE gained 1.37% yesterday to its best levels on a whooping turnover of 372.6mn shares (highest since October 2007). According to AKD Securities expects continuation towards 21,797 21,946 levels, with immediate supports around 21,336 and 20,958 levels. Thrust of impulse [...]
Taurus Securities Limited Market Roundup
Karachi, May 23, 2013 (PPI-OT): KSE-100 index gained 291 points yesterday to close at 21,458.90 points with 572mn shares being traded. According to Taurus Securities Limited top performers as per index points were PPL, KESC and PSO whereas; top decliners were INDU, DAWH and EFOODS. Activity was mainly concentrated in Construction and Materials, Chemicals and [...]
KASB Securities Limited and Economics Research- The Keystone – Equities
Karachi, May 22, 2013 (PPI-OT): KSE-100: Relentless momentum gaining stupendously Relentless bull trend takes another leap forward taking out the big figure 21,000 and was aided by exorbitant 71% increase in volume. According to KASB Securities Limited what concerns us is that prevailing rally without a reasonable breather may be prone to counter trend moves [...]
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