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Karachi: The Large Scale Manufacturing (LSM) registered an insignificant growth of 1.14% in FY11 as compared to the corresponding period last year, on account of improved performance by the textile, automobile, electronic goods and sugar sector. According to Alfalah Securities Limited, the large scale manufacturing (LSM) is being said to …
Read More »OMC’s and Dealer’s margins hike opposed
Karachi: The Ministry of Finance and Planning Division has opposed the hike in profit margins of Oil Marketing Companies (OMCs) and Dealer’s commission considering the fact that this hike would result in a significant increase in the price of Motor Spirit (MS) and High Speed Diesel (HSD) by PkR1.73 per …
Read More »Morning Call about Large Scale Manufacturing
Karachi: The Large-Scale Manufacturing (LSM) posted a rise of 1.14% YoY for the period FY11; while for the month of Jun’11 it contracted by 2.95%YoY. According to Arif Habib Limited, as per the data revealed by the Federal Bureau of Statistics (FBS); sub indices, except for Ministry of Industries, registered …
Read More »AKD Equity Research about Construction and Material Sector
Karachi: Coming off a below par price performance in FY11 (-ye 25% versus the KSE), AKD Securities expects his cement coverage cluster to pare price gains in FY12 versus the broader market. According to AKD Securities, moving past the trough in the seasonal demand cycle, AKD Securities expects local cement …
Read More »The Bell about Oil & Gas
Karachi: ECC has approved the increase in dealer and OMC commissions on MS and HSD in a meeting held on 16th August 11. According to Elixir Securities Limited, OMC margins for MS have been increased by PKR0.48/litre while HSD margins have been raised by PKR0.41/liter. Dealer margins have also been …
Read More »Morning Call about National Bank of Pakistan
Karachi: National Bank of Pakistan (NBP) is scheduled to announce its results for 1HCY11 on August 18, 2011. The bank is expected to post net earnings of PKR 8,625mn (EPS: PKR 5.13) in 1HCY11 compared to PKR 7,825mn (EPS: PKR 4.65) in the corresponding period last year, a rise of …
Read More »Jul Foreign investment declines by 61%
Karachi: The foreign investment has witnessed a drop of 61% during July 2011 on the back political uncertainties and tense law & order situation. According to Alfalah Securities Limited, the net inflows of foreign investment (FI) stood at USD 62 mn in July 2011 as against USD 157.8 mn in …
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