Archive for May, 2012
PPI Original Text (PPI-OT) – KASB Securities Limited and Economics Research- The Keystone – Equities
Karachi, May 31, 2012 (PPI-OT): KSE-100: KSE-100: Closing below 50-DMA suggests further downside risk According to KASB Securities Limited, • The index registered a lower high and a lower low which establishes Tuesday’s formation as a top and a formidable resistance. Moreover it has closed below the 50-DMA which was its critical support. • The [...]
PPI Original Text (PPI-OT) – KASB Securities Limited and Economics Research- Commodities Corner
Karachi, May 31, 2012 (PPI-OT): Euro zone liquidity worries invite safe haven bids Precious metals revive on risk flight According to KASB Securities Limited, • As dollar and US Treasuries continued to rally, gold too shrugged off a rough start and recovered mid-session to close in green (up 0.5%). Risk averse investors shunned the Euro [...]
PPI Original Text (PPI-OT) – Morning Shout released by KASB Securities Limited and Economics Research
Karachi, May 31, 2012 (PPI-OT): POL: Stars aligned for significant earnings upgrade According to the KASB Securities Limited, • In the backdrop of positive upgrades on reserves, appraisal drilling and development project, KASB Securities Limited believes POL is all set to shake off its relative underperformance vs KSE-100 index (16% in 6 months). • Recent [...]
PPI Original Text (PPI-OT) – Technical Analyses issued by Adeel and Nadeem Securities Limited
Karachi, May 31, 2012 (PPI-OT): According to Adeel and Nadeem Securities Limited the Technical Analysis for May 30, 2012: Share Support-2 Support1 Resistance-1 Resistance-2 KSE-100 13,921.08 14,003.17 14,171.42 14,272.20 ATRL 126.66 128.42 132.01 134.88 OGDC 156.67 158.28 162.43 164.94 PPL 188.44 190.80 195.41 198.16 POL 357.97 361.25 370.00 374.94 NBP 44.61 45.47 46.83 47.68 MCB [...]
PPI Original Text (PPI-OT) – Morning Chronicle issued by Adeel and Nadeem Securities Limited
Karachi, May 31, 2012 (PPI-OT): The Karachi Stock Exchange surged further in the Tuesday session despite of foreign selling. According to Adeel and Nadeem Securities Limited, the KSE-100 share index concluded the day at 14,071.85 with an increase of 40.34 points (+0.29 percent). The intra-day range of the KSE-100 index for the session was 14,047.87 [...]
PPI Original Text (PPI-OT) – AKD Quotidian about — KSE outperforms Region in May
Karachi, May 31, 2012 (PPI-OT): Asian stocks have registered their largest monthly drop in more than 3yrs, with the MSCI Asia ex-Japan Index down 8%MoM in May 31’12 on mounting concerns over Europe’s sovereign debt crisis. According to AKD Securities, in the same timeframe, the KSE-100 Index has shed a contained 0.85% despite volatile US-Pakistan [...]
PPI Original Text (PPI-OT) – AKD Securities Equity Research – Pakistan weekly update
Karachi, May 31, 2012 (PPI-OT): 50-MA Violated The benchmark KSE slid 1.42% yesterday, with a turnover of mere 88.22mn shares (decreased 27%) against 119.68mn shares traded a session earlier. Intraday/Immediate View After a retreat from 14158 resistance, the index approached the lower boundary of a two week trading range (13844~14168) by way of an extremely [...]
PPI Original Text (PPI-OT) – Taurus Securities Limited market overview
Karachi, May 31, 2012 (PPI-OT): The market witnessed selling pressure on Wednesday to close in the red zone. According to Taurus Securities Limited, the KSE-100 Index shed 200 points to close at 13,872 on the back of 129m shares exchanging hands. Activity was mainly concentrated in the Commercial Banks, Chemicals and Construction and materials sectors. [...]
PPI Original Text (PPI-OT) – Morning Call about Hub Power Company Limited – Arif Habib Limited
Karachi, May 31, 2012 (PPI-OT): HUBC offers a combination of growth and Defence Hub Power Company Limited (HUBC) through a notice to Karachi Stock Exchange (KSE) has informed that company will pay PKR 1.62bn to FBR under amnesty scheme, in order to settle pending tax amount in relation to issuance of shares against the project [...]
PPI Original Text (PPI-OT) – Tax rationalization in Budget FY13 – Alfalah Securities Limited
Karachi, May 31, 2012 (PPI-OT): The government has decided to bring tax reforms in the FY13 budget where it intends to abolish Federal Excise Duty (FED) on several items like cosmetics, filter rods, lubricating oil in packs, base lube oil, lubricating oil made from reclaimed oil, lubricating oil in bulk, lubricating oil produced from sludge [...]
PPI Original Text (PPI-OT) – Upward revision of Fiscal Deficit target to 4.9% of GDP for FY13 – Alfalah Securities Limited
Karachi, May 31, 2012 (PPI-OT): The government has revised the fiscal deficit target to 4.9% of GDP from 4.2% projected earlier to incorporate additional expenses of PkRs 161 bn on account of high anticipated subsidies to the power sector, increase in salaries of government employees and expenditures pertaining to campaigning in the election year. Out [...]
PPI Original Text (PPI-OT) – Pak Rupee continues to weaken – Alfalah Securities Limited
Karachi, May 31, 2012 (PPI-OT): Pakistan Rupee has further weakened against US dollar on May 30, 2012 falling by 60 – 70 paisa’s during the day to close at PkRs 93.50 in the interbank market. According to Alfalah Securities Limited, the risks on the external front are rising as the State Bank reserves are depleting [...]
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