Karachi: OGDC recorded 7% YoY rise in profitability OGDC record 7% YoY rise in earnings in FY11 Oil & Gas Development Company Limited (OGDC) declared Profit after Tax (PAT) of PKR 63.5bn (EPS: PKR 14.77) in FY11, a rise of 7% YoY. According to Arif Habib Limited, this is due …
Read More »Morning Buzz for August 12, 2011
Karachi: According to MR Securities, many countries, including Pakistan, have had to face cutbacks in civil financial assistance. Instead of USD 1.5 bln during 2011, the USAID could get only USD 947.2 mln due to across the board cut on international assistance by the US government. This would most probably …
Read More »Market & Index Review
Karachi: On Thursday market opened in a negative and downward side trend. According to RSL Securities Limited, Market breached the level of 11,200 points and the lowest level of the market was at 11,107.03 points. From that level market showed some an upward side trend. Market showed a volatile and …
Read More »Paint Companies issued show cause notices
Karachi: The Competition Commission of Pakistan (CCP) has issued show cause notices to 16 paint companies including ICI Pakistan, Berger Paints Pakistan, Nelson Paint Industries, on account of misleading marketing practices as these companies were hiding tokens or redeemable coupons in paint packs. According to Alfalah Securities Limited, the purpose …
Read More »July exports declined by 9.2%
Karachi: The exports from Pakistan witnessed a decline of 9.2% MoM to USD2.2 bn as against USD 2.4bn in June, 2011. According to Alfalah Securities Limited, while the imports also declined by 4.5%MoM in July to USD 3.6bn taking the trade deficit to USD 1.48 bn. However, exports were higher …
Read More »KSE Members asked to enrol with Sind Revenue Board
Karachi: KSE Members and other service providers are required to get themselves enrolled with the Sind Revenue Board (SRB). According to Alfalah Securities Limited, this is done pursuant to the enactment of Sind Sales tax on services 2011 effective from 1st July, 2011. Moreover, businesses dealing with share trading will …
Read More »AKD Quotidian about — HBL: 25% YoY growth expected in 1HCY11
Karachi: Habib Bank Ltd (HBL) is scheduled to announce its 1HCY11 result on Friday, Aug 19’11. According to AKD Securities, on a consolidated basis, AKD Securities expects HBL to post NPAT of PkR9.81bn (EPS: PkR8.90) in 1HCY11 against NPAT of PkR7.87bn (EPS: PkR7.14) in 1HCY10, translating into stellar 25%YoY growth. …
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