Brokerage

Karachi, April 19, 2016 (PPI-OT): Tariq Glass Industries Limited Back in Business Elixir Securities Limited resumes coverage on Tariq Glass Industries Limited (TGL) with Dec-16 PT of PKR120/sh offering an upside of 96% from last closing. TGL is currently trading at an undemanding FY17/18 PE of 6.01x/6.41x. The company has been able to secure a ...

Karachi, February 23, 2016 (PPI-OT): KSE-100 index lost 334 points yesterday, to close at 30,678 with 133mn shares being traded. Top performance as per index points was witnessed in MCB, NBP and NATF; top decliners were SEARL, PSO and LUCK. Activity was mainly concentrated in Commercial Banks, Technology and Communication and Cable and Electrical Goods. ...

Karachi, October 19, 2015 (PPI-OT): EFOODS: 9M2015 EPS stood at Rs3.39, up 10x YoY Engro Foods (EFOODS) announced 9M2015 results today, where the company posted earnings of Rs2.60bn (EPS of Rs3.39), up 10x YoY. 3Q2015 earnings clocked in at Rs624mn (EPS of Rs0.81), against a loss of Rs77mn (LPS of Rs0.10) in 3Q2014. Core earnings ...

Karachi, October 16, 2015 (PPI-OT): MCB Bank: 13% YoY higher EPS at Rs6.50 for 3Q2015E MCB Bank’s (MCB) board meeting to consider 9M2015 accounts is scheduled on October 20 th 2015 where JS Securities Limited expects the bank to post 15% YoY higher earnings at Rs20.78bn (EPS: Rs18.67). JS Securities Limited also expects the bank ...

Karachi, October 16, 2015 (PPI-OT): Index up slightly by 0.3% WoW despite persisting volatility With political tensions somewhat cooling down and leftover SECP investigation concerns subsiding, market managed to close in the positive territory. Nonetheless, sector specific concerns continued to hinder broad based rally and the tug of war between the bulls and bears continued ...

Karachi, October 16, 2015 (PPI-OT): MLCF: Earnings to grow by stellar 64%YoY in 1QFY16 Scheduled to announce its 1QFY16 earnings on Oct 19’15, AKD Securities Limited expects Maple Leaf Cement (MLCF) to post net earnings of PkR893mn (EPS: PkR1.69) against PkR545mn (EPS: PkR1.03) in the same period last year, depicting a stellar growth of 64%YoY. ...

Karachi, October 16, 2015 (PPI-OT): Market fails to find direction as banks stage a mini recovery Benchmark index opened the week with on a positive note rising by 341pts (1%) as gains in regional markets and recovery in oil over the weekend brought interest back in E and P’s. However Monday’s momentum soon fizzled out ...