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Karachi, May 13, 2014 (PPI-OT): KSE-100: Heading south towards 50DMA The index witnessed a dull session and closed in red, with the volumes sliding to a seven month low. The index attempted to break its 20DMA but failed. A strong support is now at 28,280-28,300 area (double bottom). KASB Securities Limited believes the index will ...

The post KASB Securities Limited and Economics Research – The Keystone – Equities appeared first on Business News Pakistan.

Karachi, May 13, 2014 (PPI-OT): KSE-100 index lost 151 points yesterday to close at 28,344 points, with 88mn shares being traded. Top performance as per index points was witnessed in NATF, PAKT and MCB whereas; top decliners were OGDC, PPL and ENGRO. Activity was mainly concentrated in Construction and Materials (Cement), Commercial Banks and Financial ...

The post Taurus Securities Limited Market Roundup appeared first on Business News Pakistan.

Karachi, May 13, 2014 (PPI-OT): Gold may come under pressure on ETF outflows First outflow since 2nd May: Gold prices held most of the gains on Monday as the ongoing Ukraine crisis stoked its safe haven appeal. However, the metal was at risk of falling back on physical demand bullion-fund outflows. SDPR Gold Trust, the ...

The post KASB Securities Limited and Economics Research – Commodities Corner appeared first on Business News Pakistan.

Karachi, May 13, 2014 (PPI-OT): Strategy: CGT concerns to provide attractive entry point KASB Securities Limited foresees short-term weakness at the KSE due to significant upcoming hike in the capital gains tax (CGT) from Jul-2014 and the elimination of the “amnesty scheme” for stock market investors. The hike in CGT will be significant, rising to ...

The post Morning Shout released by KASB Securities Limited and Economics Research appeared first on Business News Pakistan.

Karachi, May 09, 2014 (PPI-OT): Islamic financing instruments: Dar optimistic about prospects Finance Minister Senator Mohammad Ishaq Dar on Thursday said that Pakistan’s foreign exchange reserves position had improved significantly on account of increased inflows from multilateral and bilateral sources. Foreign exchange reserves are going to further increase due to inflows from the World Bank ...

The post Morning Buzz for May 09, 2014 – MR Securities appeared first on Business News Pakistan.

Karachi, May 08, 2014 (PPI-OT): JS Global continues to lead in Fixed Income, FX market JS Global Capital Ltd (JS Global) continued its impressive showing in Pakistan’s Fixed Income and Foreign Exchange (FX) market in the 2013 Financial Market Association of Pakistan (FMA) survey. The FMA survey is considered the gold standard of gauging performance ...

The post Morning Buzz for May 08, 2014 – MR Securities appeared first on Business News Pakistan.

Karachi, May 06, 2014 (PPI-OT): Fuel and power costs battered bottom-line in 3Q: TGL announced its 3QFY14 results last week posting LPS of PKR3.29, against EPS of PKR0.91/sh during the same period last year. Operating results were significantly lower than expected because of low gas availability. Key factors behind Fuel and Power cost hike: Although ...

The post The Bell about TGL: Investment case remains strong despite poor 3Q results – Elixir Securities Limited appeared first on Business News Pakistan.