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): 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 ...

Karachi, October 16, 2015 (PPI-OT): AKBL: 9M2015 EPS stood at Rs3.23, up 31% YoY Askari Bank Ltd (AKBL) announced its 9M2015 result today posting a PAT of Rs4.07bn (EPS: Rs3.23) against a PAT of Rs3.11bn reported in 9M2014. The result came in line with JS Securities Limited’s earnings expectation of Rs3.28 per share Key highlights ...

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 ...