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Karachi, April 03, 2015 (PPI-OT): Weekly Review After witnessing 4.8% decline in the last week, the KSE‐100 index posted a sharp rebound in the week under review, with the market gaining 3.9%WoW to settle at 31,414 points. The market commenced the week in negative territory as benchmark index fell 3.4% on Mon‐day, however, going forward ...

Karachi, April 03, 2015 (PPI-OT): Bull Run continued at local bourse on last session of the week as well to end the week at flourish note. Today session started on upbeat note and continued the momentum till the end of the day. Cement and Electricity sector were the pick of the sectors’ as the both ...

Karachi, April 03, 2015 (PPI-OT): In 2QFY15, Nishat Mills Limited (NML) posted NPAT (unconsolidated) of PkR1.54bn (EPS: PkR4.38), lower by 32%YoY. On the back of sluggish demand and ample supply putting pressure on the topline (down by 4%YoY), and COGS stepping up by 5%YoY due to increased power costs and charging of further depreciation, NML’s ...

Karachi, April 02, 2015 (PPI-OT): AKD Securities Limited updates AKD Securities Limited’s investment case on EFERT where post incorporation of Eximp’s fertilizer trading business, tweaking finance cost and capacity utilization assumptions AKD Securities Limited revises AKD Securities Limited’s earnings forecast by 14.2% in CY15E to PkR13.23/sh vs. PkR11.59/sh previously, while the same over the long ...

Karachi, March 30, 2015 (PPI-OT): The IMF approved the release of US$501mn under the EFF agreement at the conclusion of its Board’s meeting of the sixth review while commending GoP for its progress on the program as well as brining economic stability. Pakistan comfortably met all quantitative and structural benchmarks for the review, assessing performance ...

Karachi, March 27, 2015 (PPI-OT): Banks: 1-7% drag on valuations by 50bps discount rate cut JS Securities Limited continues to like Pak Banks despite another 50bps cut in discount rate by the State Bank of Pakistan (SBP). JS Securities Limited believes recent underperformance of the banking sector remains unjustified given a muted 1-7% valuations impact ...

Karachi, March 27, 2015 (PPI-OT): Coming from a low base in the corresponding period last year, total urea off take in 2MCY15 stood at 1.084mn tons compared to 0.997mn tons during the corresponding period last year – a growth of 8.7%YoY (as per recently released NFDC figures). In this regard, total urea off take in ...