Karachi, January 01, 2014 (PPI-OT): Faysal Bank – Satiating PBV of 0.52x | CY14PE7.5x Core triggers In the wake of increased minimum deposit rates by SBP @6% and then linking it to repo rate, Standard Capital sees challenges for medium sized banks such as FABL. According to Standard Capital, however, starting from 1HCY13, Standard Capital ...

Karachi, January 01, 2014 (PPI-OT): The KSE-100 Index gained 3.9% in Dec’13, bringing full-year CY13 returns to a robust 49.4% (US$ adjusted: 41%). According to AKD Securities, with sentiments buoyed by the first ever democratic transition in Pakistan’s history, investors shrugged off macro weakness to focus on the cheap valuation multiples, driving the market’s P/E ...

Karachi, January 01, 2014 (PPI-OT): FCCL: Positives overplayed; downgrade to Sell According to Elixir Securities Limited, Cements have rallied due to cement price hikes and expectations of better volumes Cement sector has outperformed the benchmark index by 6pp during Dec-13 owing to increase in cement prices in the south amid improving dispatches and expectations of ...

Karachi, January 01, 2014 (PPI-OT): Equities: 2014 unfolds another chapter of growth story! According to Arif Habib Limited, Below is an excerpt of Arif Habib Limited’s detailed Strategy Report to be released shortly. Pakistan’s Politics 2014 Pakistan’s politics finally enters a stable mode after 2013 general elections, when the change for a better Pakistan came ...

Islamabad, January 01, 2014 (PPI-OT): MARKET TREND: Bullish COMPANIES TRADED: TOTAL PLUS MINUS EQUAL 162 123 -39 0 INDEX POSITION: INDEX Opening Closing Change ISE-10 Index: 4591.59 4646.08 54.49 TOTAL VOLUME: Previous Current Change 153,023 230,000 76,977 VOLUME LEADERS: Company VOLUME of Shares Lafrage Pakistan Cement 188,500 Fauji Cement Limited 15,000 Adamjee Insurance 10,500 Top ...

Karachi, January 01, 2014 (PPI-OT): JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the entity ratings of Indus Dyeing and Manufacturing Company Limited (IDMCL) from ‘A/A-2’ (Single A/A-Two) to ‘A+/A-1’ (Single A-Plus/A-One). Outlook on the medium to long term rating is ‘Stable’. The upgrade takes into account the improvement in risk absorption capacity of the ...

Karachi, January 01, 2014 (PPI-OT): Name of the Fund Date NAV Rate AKD Golden Arrow Selected Stocks Fund (GASF) January 02, 2014 12.2400 8.5000 AKD Income Fund (AKDIF) January 01, 2014 49.2538 48.7660 AKD Opportunity Fund (AKDOF) January 01, 2014 60.4500 58.6500 AKD Index Tracker Fund (AKDITF) January 01, 2014 12.9700 12.8300 For more information, ...