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Karachi, February 18, 2014 (PPI-OT): While CY13 results were subdued EPS: PkR2I.62, +3%YoY), there is enough to suggest that the banks outlook is more promising, with management looking to utilize existing capital buffer (CAR: 22.2%) for balance sheet growth (Islamic banking) and diversification (foreign operations). According to AKD Securities, together with improving asset quality (9%YoY ...

Karachi, February 17, 2014 (PPI-OT): 28th SBA instalment: IMF to be paid $147 million on February 18 According to MR Securities, The country is all set to pay $147 million to the International Monetary Fund on account of 28th Stand-By Arrangement instalment next week, sources said. They said overall, four different payments, including two SBA ...

Karachi, February 14, 2014 (PPI-OT): On Thursday market opened in positive trend. According to RSL Securities Limited, market remained bullish and it touched its high at 26,860 points. Near the end of the session market showed a bearish trend and made its low at 26,510.67 points. Market finally closed at the level of 26,541.26 points ...

Karachi, February 14, 2014 (PPI-OT): Bank to post PKR 3.8/share earnings in 4QCY13, +13%YoY UBL is scheduled to announce CY13 earnings on 19th Feb, 2014. According to Arif Habib Limited, for the quarter Arif Habib Limited expects the bank to post earnings of PKR 3.8/share (+13%YoY), bringing the full year earnings to PKR 14.3/share (-3%YoY). ...

Karachi, February 14, 2014 (PPI-OT): Reserves will go past $10b by March end, govt plans According to MR Securities, As the country’s foreign currency reserves plunged to dangerously low levels of $7.6 billion, the federal government vowed to increase the reserves to $10 billion by the end of next month, a target that appears unrealistic ...

Karachi, February 14, 2014 (PPI-OT): Fauji Cement – Impressive results to follow suit FCCL is going to announce its 1HFY14 results on Feb 18 and Standard Capital expects the company to post net earnings of Rs 1200mn (EPS: Re0.87). According to Standard Capital, last year FCCL reported EPS of Re 0.67. The icing on the ...

Karachi, February 13, 2014 (PPI-OT): Islamic banking: MCB sets sights on Burj Bank According to MR Securities, MCB Bank said on Wednesday it intends to acquire Burj Bank, one of the five Islamic banks operating in the country. Subject to the State Bank of Pakistan (SBP) and other regulatory approvals, the most profitable conventional bank ...