Karachi: Why Asian market witness downward rally? Asian markets witnessed a decline in stocks as data signalled slowdown in the global economic growth and fear of Greece default further exaggerating the concerns. The spreading impact of Europe’s credit woes encouraged investors to pull funds out of risk assets. This downward …
Read More »AKD Quotidian about —: 4QCY11 off to rocky start for Fertilizers
Karachi: The escalating power crisis, particularly in Punjab has led to gas supply suspension to SNGP supplied fertilizer plants, including ENGRO’s new urea plant. According to AKD Securities, while they had anticipated a shutdown for gas curtailment in 4QCYII, the recent shutdown has come at least a month in advance …
Read More »Morning Call about Oil and Gas Development Company Limited
Karachi: At current price level of PKR 132.14/share OGDC implies a TR of 22.1%… According to Arif Habib Limited, the Stock of Oil and Gas Development Company Limited (OGDC) has lost its vigour by 14% since the start of current fiscal year, underperforming the Benchmark KSE-100 Index by 8%. Apprehension …
Read More »National Saving Scheme reduces rates
Karachi: National Saving Scheme (NSS) has decided to reduce the rate of return on its investment schemes on account of a reduction in discount rate by the State Bank from 14% to 13.5% followed by a revision in the rates of Pakistan Investment Bonds (PIBs) and Market Treasury Bills (T-bills). …
Read More »Petrol prices up by PkR 4.15 per litre
Karachi: The government has fixed the new prices of petrol at PkR 88.95/per litre (up by PkR 4.15/litre), diesel at PkR 94/litre (up by PkR 1.51/litre) and HOBC at PkR 112.65/litre (up by PkR 2.72/litre) while, the prices of Kerosine Oil and Light Diesel Oil (LDO) has been kept unchanged. …
Read More »Govt. borrowing to reach PkR 1.07 trn in 2QFY12
Karachi: The government intends to borrow PkR 1.07 trn through the auction of Pakistan Investment Bonds (PIBs) and Market Treasury Bills (Tbills) during 2QFY12 owing to increased current expenditure and lack of adequate revenue generation which has led the government to borrow massively from the domestic banking system. According to …
Read More »Morning Buzz for September 30, 2011 – MR Securities
Karachi: LHC restrains OGRA, ministry from pursuing LPG Policy According to MR Securities, the Lahore High Court (LHC) on Thursday restrained the Oil and Gas Regulatory Authority (OGRA) and the Ministry of Petroleum and Natural Resources from taking any coercive action against LPG marketing companies pursuant to the controversial LPG …
Read More »