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Karachi, April 08, 2014 (PPI-OT): Cement dispatches to get boost from PSDP disbursements | regional elections Out of the targeted budget amount of Rs415bn – GoP has released Rs248.8bn under the head of Public Sector Development Program (PSDP) which indeed is a good omen for project development in the country. According to Standard Capital, this ...

Karachi, April 08, 2014 (PPI-OT): After touching its recent trough of 25.478.9 points. the Index has rallied by 3,100 points to close In at 28.578.9 level, translating into 12% return (20% En US$ terms during past 28 trading sessions. According to AKD Securities, They believe this bull Run was majority supported by 1) Extraordinary foreign ...

Karachi, April 07, 2014 (PPI-OT): According to news reports cement dispatches for 9MFY14 clocked in at 24.8mn tons up only 1%YoY. In this regard, cement dispatches fell in comparison to Mar13 where local dispatches came off by 4%YoY to 2.5mn tons while exports clocked in lower at 725k tons, down by 6%YoY. The decline in ...

Karachi, April 04, 2014 (PPI-OT): NIMs to improve banking comparative ratios The recent PIB auction held on 26th March broke all the record and banks also participated in the PIB auction wherein government raised Rs 532bn nearly 9 times the auction target of Rs 60bn. According to Standard Capital, this increasing appetite of banks for ...

Karachi, April 03, 2014 (PPI-OT): Pakistan Market: Clear whiner in the new MSCI FM 100′ As per a MSCI press release, the proposals for the new calculation methodology tor the MSCI FM 100 index have been, approved, including applying a cap of 40% to the cumulative weights of the two largest countries in the basket ...

Karachi, April 02, 2014 (PPI-OT): Pharma companies to benefit from strengthened PKR and focus on Nutrition segment Pharmaceutical industry has shown 11% growth in term of revenues and posted Rs 34bn as revenue during 1HFY14. But increasing cost is also ‘shrinking’ margin of the industry but IBL Health Care (IBLHL) and Abbott Pakistan (ABOT) have ...

Karachi, April 02, 2014 (PPI-OT): AKD Securities revisits AKD Securities Limited’s earnings case for ABL post CYI3 results and raise AKD Securities Limited’s earnings estimates by 5% on average across the investment horizon. Together with slightly higher payout projections, this raises AKD Securities Limited’s revised target price for ABL to PkRI00/share. While there is limited ...