Karachi : In line with expectation, KSE100 index shed 1.3% on renewed concerns over US‐PAK relationship after NATO attack. According to Elixir Securities, investor’s sentiment reflected similar mood as stocks dipped more than 2% intra‐day, though recovered late on value buying by local institutions. To further shear participation, PKR hit …

Karachi : Oct‐11: Strong urea but weak DAP off takes Urea sales ↑3% YoY while DAP ↓19% YoY during 10MCY11 According to Elixir Securities, urea sales jumped 21% YoY to 518KT during Oct‐11, helped by increased product availability due to arrival of imports during Sep‐11 and Oct‐11. Oct‐11 urea production, …

Karachi : According to Adeel and Nadeem Securities Limited the Technical Analysis for November 28, 2011   Share Support-2  Support1 Resistance-1 Resistance-2 KSE-100 11,472.96  11,537.44  11,731.53 11,800.62 ATRL 115.61 117.97 122.33  124.66 OGDC 148.75 150.34 155.84  157.23 PPL 169.91 173.00 178.40 180.45 POL 350.84  355.30  361.00 364.49 NBP 40.80 41.37 …

Karachi : The KSE-100 Index closed on 11,648 points on Nov 25’11. According to AKD Securities, as a result, the Index has now shed 3.1%CYTD on relatively thin activity (CYTD avg. daily volume: 83mn shares; avg. daily turnover: PKR3.7bn), despite resumption of monetary easing and strong corporate earnings. While the …

Karachi : Pakistan Cotton Ginners’ Association (PCGA) is seeking rescheduling of its members’ loans and waiver of mark up from State Bank of Pakistan (SBP) for making payments to the cotton growers up to coming December. According to Alfalah Securities, around 75-80% ginning factories of Sind are reported to have …

Karachi : Lucky Cement being the star of the cement industry is on the final stages of completion of its “Tyre derived fuel (TDF)” plants which would utilize disposed shredded tyres as a replacement of coal for cement production. According to Alfalah Securities, the plants costing PKR 1bn is located …

Karachi : Oil and Gas Development Company Ltd. (OGDC) has reported to have made a major gas discovery in Zin Block in Marri-Bugti area of Baluchistan. According to Alfalah Securities, the initial exploration well has found significant hydrocarbons in zone 1 and 2. Further appraisal wells would be required to …