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Karachi, February 24, 2014 (PPI-OT): Cement prices increased by Rs 15/bag Positive for north zone sector Boom in the construction industry urged cement makers to increase the cement prices by Rs 15/ bag this month anticipating higher local demand ahead as reported by Dawn newspaper the other day. According to Standard Capital, they see that ...

Karachi, February 24, 2014 (PPI-OT): The Board of Oil and Gas Development Company Limited (OGDC) is scheduled to meet tomorrow to finalize the company’s IHFYI4 result. According to AKD Securities, they expect the company to post earnings of PkRBS2bn (EPS: PkRIS15) Compared to earnings of PkR4O.2bn (EPS; PkRII.45) during the corresponding period last year – ...

Karachi, February 21, 2014 (PPI-OT): According to MR Securities, Foreign currency: Reserves increase to $7.99b Total foreign reserves held by the country stood at $7.99 billion for the week ended February 14, according to figures released by the State Bank of Pakistan (SBP) yesterday. Banks must provide fact sheet on credit cards: SBP The State ...

Karachi, February 21, 2014 (PPI-OT): KAPCO has shed 9% after announcement of IHFVI4 result, where the company posted earnings decline of 23%YoY, which was well below expectations. According to AKD Securities, the earnings decline was led by higher OandM costs as the company undertook major overhauls which stretched to Dec’13. However, AKD Securities expects 2HFYI4 ...

Karachi, February 20, 2014 (PPI-OT): The CA deficit for Jan’14 has clocked in at US$464mn vs. a revised Surplus of US$283mn in Dec13. According to AKD Securities, as a result, the 7MFY14 CA deficit has been recorded at US$2,05Smn (less than 1% of GOP) compared to a deficit of US$441mn in the same period last ...

Karachi, February 20, 2014 (PPI-OT): Fauji Cement: 1HFY14 Result Review… FCCL posted profit after tax of Rs 1.25bn (EPS: Re 0.94) in its recently announced 1HFY14 results as compared to Rs 0.92bn (EPS: Re 0.69) in the corresponding period last year; showing a sharp uptick of 36.2% YoY along with a cash pay-out of 0.75/sh, ...

Karachi, February 19, 2014 (PPI-OT): Nishat Chunian Limited (NCL) announced 20FY14 result yesterday where the company posted earnings of PkRI043mn (EPS: PkR521}, up 366%QoQ/70%YoV led primarily by dividend of PkRI, O3Bmr’ (EPS impact: PkR4.67) received from NCPL during 20FV14. According to AKD Securities, that said. a slump in the yarn market coupled with a sharp ...