Archive for November, 2011
Morning Briefing for November 30, 2011 – Standard Capital
Karachi: Discount rate will be slashed given sluggish economic indicators There is a strong probability that State Bank of Pakistan (SBP) shall further decrease interest rates from present level of 12%. According to Standard Capital, Standard Capital has already indicated that interest rates can come to a level of 10% (in 5‐6months) just to spur [...]
KASB Securities Limited and Economics Research- The Keystone – Equities
Karachi: KSE‐100: Formation suggests short‐term recovery possible According to KASB Securities Limited, • The index managed to register a higher high and a higher low. The resultant formation is a doji star which along with the previous candlestick is mildly bullish. • The Stochastic Oscillator maintains its buy signal having just cleared the oversold region, [...]
Morning Shout released by KASB Securities Limited and Economics Research
Karachi: Banks: Spreads and asset quality watch According to KASB Securities Limited, • Banking sector spreads (measured as the difference between yield on advances and cost of deposits) have started moving downhill and have dropped 21bp to 7.67% in Oct‐11 from their high of 7.88% in Jul‐11. • KASB Securities Limited believes the effect of [...]
AKD Securities Equity Research – Pakistan weekly update
Karachi: Suspecting Minute Recovery Last candle depicts equilibrium between the demand and supply forces —neutralizing. In AKD Securities’ view, immediate sustainability above 11459~11404 can enable a minute recovery towards 11780~11869 area. On the flipside, a relapse below 11404 would negate such immediate strength, and can result in further weakness to 11325. Backed by a positive [...]
Taurus Securities Limited market overview
Karachi: The market posted minor gains on Tuesday to end the day in the green zone. According to Taurus Securities Limited, there was buying activity in selective oil, fertilizer and banking stocks, while the news of a PKR 100 per bag drop in urea prices had a negative impact on the share price of FFC. [...]
Morning Call about Lotte Pakistan PTA Limited – Arif Habib Limited
Karachi: Persisting weak margins are eroding profitability further With the continual fall in the PTA primary margins, Arif Habib Limited is revising downwards Arif Habib Limited’s earnings estimates and thus Arif Habib Limited’s target price to PKR 12.7/share for Lotte Pakistan PTA Limited (LOTPTA). According to Arif Habib Limited, earlier Arif Habib Limited had a [...]
Wapda likely to get exempted from hydel power cess
Karachi: The government has decided to exempt the Water and Power Development Authority (Wapda) from hydro power cess payable to the Indus River System Authority (IRSA) while it also plans to recall an earlier notification sent to Wapda for imposing a charge of PKR 0.5/unit electricity produced from water. The Council of Common Interests (CCI) [...]
ECC to impose complete ban on company fitted CNG kits
Karachi: The Economic Co-ordination Committee (ECC) of the cabinet is likely to impose a complete ban on company fitted CNG kits/cylinders in locally manufactured vehicles in order to discourage the increasing demand of CNG for automobile consumption and to ensure availability of gas for the households. According to Alfalah Securities Limited, The Ministry of Petroleum [...]
KSE approves listing of SME’s, having paid up capital less than PKR 200 mn
Karachi: The Karachi Stock Exchange (KSE) has approved a Small Medium Enterprises (SME) board in a move to attract new listings of SME’s having paid up capital less than PKR 200 mn. According to Alfalah Securities Limited, in order to facilitate these listings, the KSE board has decided to charge a lower listing fee and [...]
Micro insurance a must for poverty alleviation
Karachi: It is a recognized fact that without servicing the insurance requirements of low-income people, the risks to economic development are not safeguarded. This has also been proved by the recent floods in Pakistan where in the absence of proper insurance coverage, the economic losses suffered by the masses had a very adverse effect on [...]
12 outlaws arrested; wine and weapons seized
Islamabad: Islamabad Police on Tuesday arrested twelve outlaws from various areas of the cities for their alleged involvement in drug peddling, dacoities and recovered 19 wine bottles, weapons from their possession, a police spokesman said. ASI Haider Ali Shah from CIA police arrested five thieves involved in stealing gas kits of vehicles. These persons were [...]
105 absconders during last three weeks
Islamabad: In a crackdown against those involved in crime of heinous nature, Islamabad Police arrested 105 absconders during the last three weeks and also arrested 26 gamblers along with stake money and other items, a police spokesman said on Tuesday. During the last few months, utmost efforts are being made to arrest proclaimed offenders and [...]
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