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Karachi, April 11, 2014 (PPI-OT): Insurance Sector gains confidence | Portfolio galore…maintain buy in AICL The macro-economic indicators showing revival of Pakistan economy which has attracted foreign investors to invest in Pakistan Reportedly a Switzerland based private equity fund has shown interest in the insurance sector in Pakistan, where at least 3 companies are likely ...

Karachi, April 11, 2014 (PPI-OT): Marred by sluggish economic performances (5 yr average GDP growth at 2.9% and engulfed by the menace by the menace of circular debt ,Pakistan ‘s oil sales during the past 5 yrs (FY09-13)failed to live up to the precedent set inFY05-08.Such was the magnitude of negativity brought by circular debt ...

Karachi, April 10, 2014 (PPI-OT): USDA released its monthly cotton report for Apr14 yesterday. In this regard, USDA’S production estimates for MY2OI 3/14 (MY: Marketing Year starting August 1st) came off by a meagre 60k bales while global consumption estimates were revised upwards by 240k bales. Global Inventory estimates have been revised to 96.92mn tons ...

Karachi, April 09, 2014 (PPI-OT): Fertilizers sector |Rabi off-take review: Fertilizer’s off-take during Feb 14: As per the latest data released by National Fertilizers Development Centre total nutrient off-take during Feb 14 was about 268 thousand tones, showed growth of 17.1% YoY against Feb13 off-take which is mainly due to good agricultural condition within the ...

Karachi, April 09, 2014 (PPI-OT): KSE‐100: Overbought indicators call for swift correction According to KASB Securities Limited, The index remained positive during the entire trading day but slid in the second half to close near its session’s low. The Stochastic in the daily chart is now turning down and RSI is overbought which is a ...

Karachi, April 09, 2014 (PPI-OT): The listed banking sector has gained 12.4%CYTD with valuation rerating in the ongoing macro uptick dovetailing with impetus to earnings following the recent shift into PIBs. According to AKD Securities, some of these positives should manifest in upcoming 1QCY14 results where AKD Securities expects earnings growth to be led by ...

Karachi, April 08, 2014 (PPI-OT): Budget books: Govt makes history, avoids deficit in March According to MR Securities, Probably, for the first time in the country’s history, the revenues matched expenditures in March that helped restrict the budget deficit in the first nine months of the current financial year to Rs825 billion or 3.1% of ...