Karachi: The market reverted back to selling activity on Friday with selective banking, fertilizer and oil stocks leading the way. According to Taurus Securities, the KSE-100 Index plunged by 159 points to close at 11,525 on the back of 82m shares transacted. Most of the activity was concentrated in the …
Read More »Result Preview 9MCY11 net earnings expected to jump by 27.3% YoY – Arif Habib Limited
Karachi: United Bank Limited (UBL) board meeting to for its 9MCY11 results is scheduled for 10:00 am in Abu Dhabi. According to Arif Habib Limited, the bank is expected to post 3.7% QoQ growth in bottom-line during the 3QCY11 with net earnings to reach PKR 3,557mn (EPS: PKR 2.91) compared …
Read More »Morning Call about LOTPTA, HUBC, PSMC & NML for the period ended September 2011 – Arif Habib Limited
Karachi: LOTPTA; Lower margins may drag earnings by 37% QoQ According to Arif Habib Limited, The board of directors of Lotte Pakistan PTA Limited (LOTPTA) is scheduled to meet on October 26, 2011 to approve the financial result for 3QCY11. Arif Habib Limited expects the company to post profit after …
Read More »Pakistan may witness severe power and gas crises in winter – Alfalah Securities Limited
Karachi: Pakistan may witness severe gas and power crises in the upcoming winter season which is feared to result in a complete closure of fertilizer manufacturers, CNG stations and other industries. According to Alfalah Securities Limited, on the other hand, the finance ministry has promised to inject funds for the …
Read More »SBP amends Prudential Regulation for enterprise, consumer financing – Alfalah Securities Limited
Karachi: State Bank of Pakistan (SBP) has amended the prudential regulations for corporate and commercial banking, small and medium enterprises financing and consumer financing. The SBP circular issued to revise the instructions on provisioning against classified assets as follows: • Allow benefit of Forced Sale Value (FSV) of eligible collaterals/securities …
Read More »The Bell about LUCK: 1QFY12 EPS expected at PKR5.20 – Elixir Securities Limited
Karachi: Low base and higher retentions to bloat EBITDA margins According to Elixir Securities, they expect EBITDA margins to surge by 78% YoY (up 17% QoQ) during 1QFY12 owing to low base effect along with rise in retention prices. EBITDA margins for LUCK fumbled in 1QFY10 and reached its lowest …
Read More »AKD Quotidian about —: BAFL: 9MCY11 Result Preview
Karachi: Bank Alfalah Ltd (BAFL) is scheduled to finalize its 9MCY1I result on Oct 24’ll. On an unconsolidated basis, AKD expects BAFL to post NPAT of PkR2.50bn (EPS: PkR1.85) in 9MCY11 against NPAT of PkR1.50bn (EPS: PkR1.11) in 9MCY10, translating into exceptional 66%YoY growth. According to AKD Securities, this growth …
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