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AKD Quotidian about — Jan14 MPS Review

Karachi, January 20, 2014 (PPI-OT): The SBP in i~ Jan14 MPS kept the discount rate unchanged at 10%. In line with AKD Securities’ expectations. Based on the IHFYI4 average CPI of 8.89%. this brings real interest rates to +1 %. In this regard, the SBP kept the Discount rate unchanged due to 1) lower than ...

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Morning Buzz for January 20, 2014 – MR Securities

Karachi, January 20, 2014 (PPI-OT): Country becomes eligible for next EFF tranche: NIR target modified downward According to MR Securities, The International Monetary Fund (IMF) modified the time bound target of Net International Reserves (NIR) downward by $2 billion for the second quarter (end-December 2013), thereby enabling Pakistan to become eligible for the disbursement of ...

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Morning Buzz for January 17, 2014 – MR Securities

Karachi, January 17, 2014 (PPI-OT): LSE approves Engro Fertilizers’ application: shares’ trading from today Lahore Stock Exchange Limited (LSE) has approved the application for formal listing and quotation of shares of Engro Fertilizers Limited on completion of all formalities required under the Listing Regulations of the Exchange. According to MR Securities, NEPRA raises tariff for ...

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Morning Call about Bank Al-Falah – Arif Habib Limited

Karachi, January 16, 2014 (PPI-OT): Strong fundamentals, not yet priced-in With result season excitement gaining pace particularly for the banking sector, Arif Habib Limited’s best call stands out for Bank Al-Falah (BAFL). According to Arif Habib Limited, the Bank is currently trading at forward CY14E P/BV of 0.9x, and a PER of 6.2x. Based on ...

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