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Karachi, April 17, 2014 (PPI-OT): PKR appreciation helps reduce IMF loans: Senate informed Senate was informed that appreciation of the PKR against the US dollar helped reduce the debt obtained from the International Monetary Fund (IMF) to Rs 44.39 billion. Replying to a supplementary question on behalf of federal minister for finance Ishaq Dar, during ...

Karachi, April 17, 2014 (PPI-OT): United Bank Limited| focused on product development: Currently UBL is more focused on their product development strategy and coming up with new ideas weather it is about channelizing government funds to public by “Watan Card” or back end payment transfer mechanism in newly inaugurated BATS systems at KSE. These transactions ...

Karachi, April 17, 2014 (PPI-OT): The BoD of LOTCHEM is scheduled to meet on 24-Apr-14 to announce the result for 1QCY14. In this regard, AKD Securities expects the company to post NLAT of PkR31mn (LPS: PkR0.02), a sharp improvement over 4QCY13 where the company posted NLAT of PkR584mn (LPS: PkR0.39). Regional PTA-Px Primary Margins (PM) ...

Karachi, April 16, 2014 (PPI-OT): Bulls Still Pack a Punch Short-term: Yesterday’s doji session shows that excessive supply has neutralized at support around 28,947 levels. This should refresh the bullish momentum towards 29,682 levels. Would go neutral on close below 28,900 levels. General Outlook: Benchmark KSE has attained a normal channel target for the fifth ...

Karachi, April 16, 2014 (PPI-OT): Following partial resolution of Circular Debt (CD) in which the govt injected Independent Power Producers (IPPs) with PkR270bn, massive improvement in cumulative power production of the country was expected. However, the velocity of this improvement remained slow as Pakistan’s total power generation according to data released by National Electric Power ...

Karachi, April 15, 2014 (PPI-OT): ICI is set to announce its result for 3QFY14 tomorrow. In this regard, AKD Securities expects the company to post sequential growth of 23%QoQ for NPAT of PkR604mn (EPS: PkR6.54) during 3QFY14. While revenues are likely to remain flat at PkR9,519mn due to a likely sequential slowdown in the Life ...

Karachi, April 14, 2014 (PPI-OT): Indus Motors (INDU) is scheduled to announce its financial results on Friday, Apr 18’14 where AKD Securities expects the company to post NPAT of PkR,2350mn (EPS: PkR29.90) in 9MFYI4 versus NPAT of PkR1,730m (EPS: PkR22.O1) in 9MFYI3, up by 36%YoY. In 3QFYI4 alone, AKD Securities expects INDLJ to post NPAT ...