Archive for July, 2012
Morning Chronicle issued by Adeel and Nadeem Securities Limited
Karachi, July 31, 2012 (PPI-OT): Despite opening on a positive note, the KSE-100 share index showed negative patterns during the session and closed in the red zone. According to Adeel and Nadeem Securities Limited, the KSE-100 share index concluded the day with a decrease of 26.88 points (-0.18 percent) at 14,526.41. During the last week, [...]
AKD Quotidian about — LUCK: Acquisition of ICI Pakistan Ltd.
Karachi, July 31, 2012 (PPI-OT): As per notices issued at the Karachi Stock Exchange (KSE), the Yunus Brother Group has jointly signed a share purchase agreement with ICI Omnicron B.V. for the acquisition of a 75.81% stake (70 million shares) in ICI Pakistan Ltd. at a bid value of US$152.5 million (PKR 14.3 billion at [...]
AKD Securities Equity Research – Pakistan weekly update
Karachi, July 31, 2012 (PPI-OT): Neutral Profile —Momentum Would Refresh Through 14617 The KSE 100-Index settled 0.10% lower yesterday, with a turnover of 64.28 million shares (increased 43.32%) against 44.85 million shares traded on Friday. Immediate Short-Term View Failing to overcome May’12 closing high of 14617 level, the index has eased towards its minor averages. [...]
Taurus Securities Limited market overview
Karachi, July 31, 2012 (PPI-OT): The market remained range-bound with activity in selective scrips on Monday. According to Taurus Securities Limited, the KSE-100 Index shed 15 points to end the day at 14,512 on the back of 82m shares traded. Activity was mainly concentrated in Commercial Banks, Construction and Materials and Chemicals sectors. The top [...]
Market and Index Review – RSL Securities Limited
Karachi, July 31, 2012 (PPI-OT): On Monday the first day of the week market opened in a mixed and consolidated trend. According to RSL Securities Limited, it took an upward side trend in the opening and took resistance near the level of 14,500 points. After that market took a downward side trend. Market followed a [...]
Morning Call about Fertilizer Data Chemicals – Arif Habib Limited
Karachi, July 31, 2012 (PPI-OT): Record Jun-12 urea offtake helps prevent decline in 1HCY12 sales The National Fertilizer Development Centre (NFDC) has released fertilizer production and offtake figures for the month of Jun-12. Urea sales surge by 173% MoM in Jun-12; 1HCY12 offtake remains stable Urea offtake during Jun-12 rose by 173% MoM to a [...]
Alfalah GHP Investment Management Limited’s change of trustee of Alfalah GHP Cash Fund managed by Alfalah GHP Investment Management Limited
Karachi, July 31, 2012 (PPI-OT): Karachi Stock Exchange (G) Limited is hereby informed of retirement of Central Depository Company of Pakistan Limited (the Retiring Trustee) and appointment of MCB Financial Services Limited (the “New Trustee”) in accordance with the provisions of First supplementary trust deed of Alfalah GHP Cash Fund (the “Fund”) entered in to [...]
Oil and Gas Development Company Limited’s change of chief financial officer
Karachi, July 31, 2012 (PPI-OT): It is to inform that Mr. Muhammad Rafi has been appointed as acting Chief Financial Officer of the company w.e.f. 25-07-2012 in place of Mr. Aftab Ahmed. 2. You may please inform the members of your Exchange accordingly. For more information, Contact: (Eram Ali Aziz) Company Secretary Oil and Gas [...]
Meezan Bank Limited’s notice of board meeting and closed period
Karachi, July 31, 2012 (PPI-OT): We wish to inform you that a meeting of the Board of Directors of Meezan Bank Limited (MEBL) will be held in Karachi, Pakistan on Sunday, August 12, 2012 at 10:00 a.m. to consider and approve the reviewed accounts of the Bank for the quarter and half year ended June [...]
AKD Investment Management Limited’s announces 1st interim dividend for akd for akd cash fund (AKDCF) for FY 2012-2013
Karachi, July 31, 2012 (PPI-OT): We are pleased to inform you that Chief Executive of AKD Investment Management Limited (AKDIML), the management company of AKD Cash Fund (AKDCF), on behalf of Board of Directors, approved the first Interim dividend payout for AKD Cash Fund (AKDCF) @ Re. 0.33811 per unit. The details of the dividend [...]
Colony Sugar Mills Limited’s declaration of financial results for the nine months ended June 30, 2012
Karachi, July 31, 2012 (PPI-OT): We have to inform you that Board of Directors of the company declared following financial results for the nine months ended June 30, 2012 in their meeting held on Monday, July 30, 2012 at 4.00 p.m. at Ismail Aiwan-e-Science Building, 205-Ferozepur Road, Lahore: Nine Months Ended Third quarter ended June [...]
Askari Investment Management – Daily Fund Prices
Karachi, July 31, 2012 (PPI-OT): Date Redemption Offer Askari Sovereign Cash Fund (ASCF) Aug 01, 2012 100.5188 100.5188 Askari High Yield Scheme (AHYS) July 31, 2012 99.1807 97.1971 Askari Sovereign Yield Enhancer (AHYS) July 31, 2012 101.6887 100.4176 Askari Equity Fund (AEF) July 31, 2012 105.4505 103.3516 Askari Asset Allocation Fund (AAAF) July 31, 2012 [...]
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