Brokerage

Karachi, February 12, 2014 (PPI-OT): Rabi crops drove the Automobile sales by massive 58.6% MoM As per the latest automobile sales data by PAMA, overall volumetric sales of auto sector jump by 58.6% MoM and 53% YoY. According to Standard Capital, 107,020 units were sold in 7MFY14 as against the sales of 70,029 units in ...

Karachi, February 12, 2014 (PPI-OT): Dividend income support to increase earnings by 50%QoQ! Arif Habib Limited reiterates Arif Habib Limited’s ‘BUY’ stance on Nishat Mills Ltd (NML) with Jun’14 TP of PKR 158.6/share offering an upside of 18.2% (PEx 5.73 and PBx 0.77on FY14E). According to Arif Habib Limited, going forward, Arif Habib Limited foresees ...

Karachi, February 11, 2014 (PPI-OT): Monetary policy: Analysts revise policy rate expectation for remainder of FY14 According to MR Securities, With lower than expected inflation numbers for two consecutive months, analysts have now revised their expectation of a policy rate hike in the remainder of the current fiscal year – something they believed was inevitable ...

Karachi, February 11, 2014 (PPI-OT): EFERT analyst briefing key takeaways 1) ENGRO to get a 5.3x boost in CY13 earnings Engro Corporation Limited (ENGRO) is scheduled to announce its CY13 results on February 14, 2014. According to Arif Habib Limited, the company is expected to post substantial earnings growth of 5.3x to PKR 8,425mn (EPS: ...

Karachi, February 07, 2014 (PPI-OT): Power tariff up by Rs 1.01 per unit According to MR Securities, Nepra has increased power tariff of Distribution Companies (Discos) by Rs 1.01 per unit for December 2013, according to the monthly fuel adjustment formula. The increase will be applicable across the board except K-Electric (former KESC) consumers. The ...

Karachi, February 06, 2014 (PPI-OT): Domestic debt crosses Rs 10 trillion mark According to MR Securities, The federal government’s domestic debt and liabilities continued to surge on the back of massive borrowing for reducing fiscal deficit, reaching Rs 10 trillion at the end of first half of this fiscal year. Analysts said government has taken ...

Karachi, February 06, 2014 (PPI-OT): Allied Bank Limited | EPS Rs 10.46 & cum. DPS Rs 5.75 for CY13 – undervalued as against MCB The board meeting of Allied Bank Limited (ABL) is scheduled on 11th Feb 2014 to announce financial results for CY13. According to Standard Capital, they see earnings to decrease by 6.6% ...