Brokerage

Karachi, April 30, 2015 (PPI-OT): Pakistan’s largest vertically integrated electric utility continues on a growth trajectory, despite. Growth is predominantly underpinned by: 1) persistent reduction in T and D losses (currently at 23.8%, ~2% cut p.a. down from 36% in FY09), 2 substantial governance turnaround, 3) improved fleet efficiency and 4) enhanced transmission infrastructure. With ...

Karachi, April 29, 2015 (PPI-OT): 9MFY15 EPS expected at PKR4.59 TGL is expected to announce its 9MFY15 results on April 30, 2015. Elixir Securities Limited expects the company to post EPS of PKR4.59 relative to LPS of PKR2.09 during the same period last year. 3QFY15 earnings are expected at PKR1.29/sh, significantly higher than the loss ...

Karachi, April 29, 2015 (PPI-OT): Official statistics released by the National Fertilizer Development Centre (NFDC) reflect 6%YoY improvement in 3MCY14 fertilizer offtake to 1.92mn tons against 1.82mn tons sold during the same period last year. The said increase in cumulative fertilizer sales came as a result of 10% higher urea sales during the period under ...

Karachi, April 29, 2015 (PPI-OT): Faysal Bank Ltd (FABL) announced its 1Q2015 result today posting a PAT of Rs1.88bn (EPS: Rs1.57), against PAT of Rs433mn reported in 1Q2014. Headline earnings surpassed JS Securities Limited’s expectations of Rs0.57/share on the back of whopping Gain on Sale of Securities of Rs1.27bn against Rs95mn in 1Q2014, however core ...

Karachi, April 29, 2015 (PPI-OT): National Bank of Pakistan (NBP) announced its 1Q2015 result today posting a PAT of Rs3.28bn (EPS: Rs1.54), against PAT of Rs3.15bn reported in 1Q2014. Core earnings net of provisions came in line with JS Securities Limited’s expectations; however surprise to the street was the hefty gains on sale of securities. ...

Karachi, April 29, 2015 (PPI-OT): Stalling Momentum Short‐Term: The bullish attempt was aborted through a tweezers top formation around 33,970 level yesterday. Inability to clear the aforementioned resistance is likely to invite pres‐sure towards 33,283 level. Need a break above 33,970 level to reset the upwards momentum towards 34,143 and 34,415 levels. Despite a deep ...

Karachi, April 27, 2015 (PPI-OT): Gold falls to important support Strong equities dent Gold: Gold prices continued to fall on Friday and hit a five week low despite a weaker US Dollar. While prices have held important support near US$1,175, a closing below this level could lead to further losses. Additionally, US equities continued to ...