Karachi:  While ABL has posted strong 39%YoY growth in 1HCY11 and AKD Securities leaves AKD Securities’ CY11F-CY15F largely unchanged, AKD Securities trims AKD Securities’ target price to PkR7O/share from PkR75/share previously. According to AKD Securities, This is largely due to a higher equity risk premium (6%) to account for relative …

Karachi: Technical Spotlight During intraday trading on Thursday, the KSE-100 Index gained a maximum of 69 points, but failed to sustain its initial momentum and ended up closing just above Wednesday’s close, which indicates the presence of strong resistance at upper levels Even if the Index breaks the resistance levels …

Karachi: Pakistan Oilfields Limited (POL) posted net earnings of PKR 10.82bn (EPS: PKR 45.72) in FY11, recording a spectacular growth of 45%, when compared with PAT of PKR 7.44bn (EPS: PKR 31.44) in FY10. According to Arif Habib Limited, this stupendous rise in the profitability was driven by surge in …

Karachi: Foreign Direct Investment (FDI) has fallen by 40% YoY to USD 112.4 mn during July-August FY12 mainly due to lack of foreign investors’ interest, adverse law & order situation, and energy crisis. The net foreign investment has been lower by 77 % to USD 65.2 mn during the July-August …

Karachi: The Independent Power Plants (IPPs) have withdrawn sovereign guarantee notices issued against the Government on account of a deal according to which the government would pay PkR 8.5 bn to these power plants and would also restore the payment of normal daily payments of PkR 200 mn. According to …

Karachi: The Securities and Exchange Commission of Pakistan (SECP) has recently signed a Memorandum of Understanding (MoU) with the Capital Market Board (CMB) of Turkey in order to promote cooperation and exchange of information among the two authorities. According to Alfalah Securities, the MoU signed would emphasize that the two …

Islamabad: The Securities and Exchange Commission of Pakistan (SECP) registered 277 companies in August, raising the total corporate portfolio to 59761 companies. The private companies have the highest share in new incorporation: 257, followed by 16 single- member companies, 2 public unlisted companies and 2 non-profit associations. Foreign investment by …