Karachi: Cement scrips have largely outperformed the market given positive news flow related to prices, local volumes and possible acquisitions. According to AKD Securities, in this regard, following release of 1HFY12 detailed accounts, AKD Securities has updated AKD Securities’ financial model for DGKC and present today AKD Securities’ revised earnings …

Karachi: Dawood Hercules Corporation has notified the stock exchange that gas supply to their 100% owned subsidiary Dawood Hercules Fertilizers Limited’s plant was restored by Sui Northern Gas Pipelines Limited (SNGPL) on April 6, 2012 and the plant had successfully recommenced the production of urea since April 7, 2012. According …

Karachi: The Economic Co‐ordination Committee (ECC) of the Cabinet has allowed institutional investment in National Saving Schemes with a view to meeting government’s growing requirements of borrowing. According to Alfalah Securities Limited, The government would be requiring huge borrowing in the next couple of months to finance the rising fiscal …

Karachi: Engro Powered, a subsidiary of Engro Corporation is likely to seek USD 3 billion funding from Chinese investors for its coal mining and electricity project at Thar after being refused from international lenders including the World Bank. According to Alfalah Securities Limited, Thar coal reserves having estimated to have …

Karachi: The Karachi Electric Supply Company (KESC) has called upon investors for the formation of strategic alliances with the company through Expression of Interests (EoIs). According to Alfalah Securities Limited, KESC is seeking to enter into strategic alliances with parties through a Distribution Franchise Agreement (DFA) which would be signed …

Karachi: Pakistan Telecommunication (PTCL) is expected to receive the remaining 100 property ownerships that are pending since the privatization of the company after failure of payment of USD 800 million in lieu of privatization proceeds. According to Alfalah Securities Limited, in case of settlement of the payment issue between Etisalat …

Islamabad:   Company Name Symbol Code Opening Closing Volume Change ENGINEERING Ados Pakistan ADOS 6.00 6.20 0 0.20 Crescent Steel CSAP 22.02 23.12 0 1.10 International Ind. INIL 29.55 29.75 0 0.20 Pakistan Engg. PECO 55.28 55.28 0 0.00   For more information, contact: Islamabad Stock Exchange ISE Towers 55-B, …