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): Little Changed; +33 pts Pakistan equities closed last day of the week little changed on thin volumes with benchmark KSE100 index trading in a narrow band of ~210 points. Despite the surge in regional equities on ever-decreasing possibility of rate hike by US Federal Reserves this year, local market failed ...

Karachi, October 16, 2015 (PPI-OT): DGKC: Expansion – a race against time; Reiterate BUY! Bottom line expansion to continue in FY16; Reiterate BUY! DGKC posted a robust earnings growth of 28% YoY (i.e. PKR17.40/sh) in FY15 beating street consensus. Elixir Securities Limited expects DGKC to continue to post expansion in bottom line in FY16 albeit ...

Karachi, October 16, 2015 (PPI-OT): Restricted upside at the 50-DMA; stay cautious Resistance continued at the 50-DMA as the KSE-100 index lost 53 points to close at 33,922 with low volumes of 145mn shares. The index is expected to target the 200-DMA at 33,682; followed by the 30-DMA at 33,346. However, any upside will continue ...

Islamabad, October 16, 2015 (PPI-OT): Following is the text of press release issued by Islamabad Stock Exchange TTTT MARKET TREND: Bearish COMPANIES TRADED: TOTAL PLUS MINUS EQUAL 142 80 -62 0 INDEX POSITION: INDEX Opening Closing Change ISE-10 Index: 3041.58 3078.40 36.82 INDEX Opening Closing Change IMI- 25 Index 2485.37 2488.15 2.78 TOTAL VOLUME: Previous ...