Brokerage

Karachi, March 31, 2014 (PPI-OT): Hascol Petroleum- General Public Subscription | Do not subscribe in IPO Given appetite shown by high-net worth in book building process HPL was able to record strike Price of Rs 56.5/sh which is beyond Standard Capital’s expectation. According to Standard Capital, during book building process carried on March 4 and ...

Karachi, March 28, 2014 (PPI-OT): 1QCY14 earnings to clock in at PKR 0.72/share +10% YoY In Arif Habib Limited’s today’s Morning Call, Arif Habib Limited highlights upon PTC’s result preview for the 1QCY14, PKR/USD appreciation impact on LDI revenues and latest updates on Telenor Pvt. Ltd’s partial exit from the International Clearing House (ICH) arrangement. ...

Karachi, March 27, 2014 (PPI-OT): As per the latest numbers released by National Fertilizer Development Centre (NFDC), urea sales for 2MCYI4 have clocked in at 997.6k tons as against 936.1k tons sold in the same period last year, depicting growth of 6.6%YoY. According to AKD Securities, as for DAP, the phosphate based fertilizer’s off take ...

Karachi, March 26, 2014 (PPI-OT): Cement Dispatches data for month of Mar- 14: As per the latest data available to us, the overall cement dispatches for the industry posted 22% MoM growth, wherein YoY dispatches were stable. According to Standard Capital, during March DGKC with 35% and MLCF with 34.5% MoM growth were the major ...

Karachi, March 25, 2014 (PPI-OT): SBP seeks dollar buyers” data According to MR Securities, The State Bank of Pakistan (SBP) on Monday asked all exchange companies of “A” category to submit the data of dollar consumers, who purchased the greenback during last one week. Sources told Business Recorder that the SBP through some banks is ...

Karachi, March 25, 2014 (PPI-OT): According to details released by the Pakistan Bureau of Statistics (PBS), textile exports for the month of Feb’14 increased by 3%MoM to US$1.131bn bringing 8MFY14textile exports to US$9.155bn, up 828%YoY. According to AKD Securities, the benefit of GSP Plus status is yet to materialize. This is evident from the sequential ...

Karachi, March 24, 2014 (PPI-OT): External debts, liabilities decline by $4 billion in CY13 According to MR Securities, Pakistan’s external debt and liabilities scaled down by some $4 billion during the last calendar year, (CY13), mainly due to massive repayment of Standby Arrangement (SBA) programme to International Monetary Fund (IMF). Sources in banking sector told ...