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Karachi, February 06, 2014 (PPI-OT): Cement dispatches for Jan14 increased by 2.6%YoY to clock In at 2.73mn tons. According to AKD Securities, growth was largely led by a sharp 26.1%YoY increase in exports via sea resulting in an overall Increase in exports of 7.6%YoY to clock in at 563k tons. Growth In local dispatches on ...

Karachi, February 04, 2014 (PPI-OT): Earnings: Engro Polymer announces whopping profit Engro Polymer and Chemicals – a subsidiary of Engro Corporation – has announced a profit after tax of Rs707 million on Monday for calendar year 2013 (CY13), up by a whopping 818% compared to just Rs77 million in the previous year. Earnings per share ...

Karachi, February 03, 2014 (PPI-OT): Pakistan State Oil: Earnings to spur| Rs 5/sh as interim cash dividend Pakistan State Oil (PSO) to announce financial results for 1HFY14. According to Standard Capital, they see earnings to spur by 92% YoY due to higher volumetric sales and increase in other income due mark-up income on bonds and ...

Karachi, February 03, 2014 (PPI-OT): The market welcomed the New Year with its bullish theme intact as the benchmark KSE-100 Index gained 6.03%MoM in Jan14 to close at 26,784 points. According to AKD Securities, in the process, the Index has returned 27.5%FYI4TD, on track to reach AKD Securities’ base case Jun14 Index target of 27,800 ...

Karachi, January 31, 2014 (PPI-OT): Cut down: OGRA proposes significant cut in oil prices According to MR Securities, Oil consumers are expected to get a big relief at the start of next month as the industry regulator has suggested a hefty reduction of up to Rs5.27 per litre in prices of petroleum products in line ...

Karachi, January 31, 2014 (PPI-OT): Pakistan Telecommunication Company Limited (PTCL) is scheduled to finalize its full-year CYI3 result over the weekend with result announcement on Monday Feb 314. According to AKD Securities, on a consolidated basis, AKD Securities expects PTCL to post NPAT of PkRI5.O7bn (EPS: PkR2.95) in CY13 vs. NPAT of PkR8.OObn (EPS: PkR1.57) ...

Karachi, January 30, 2014 (PPI-OT): According to official statistics released by the National Fertilizer Development Centre (NFDC). According to AKD Securities, total urea off take In CYI3 stood at 5.8Dmn tons, an increase of 13%YoY, where strong demand and higher gas availability to EFERT led the growth. While urea off take in Dec’13 surged to ...