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Karachi, January 09, 2014 (PPI-OT): Issuance of bonds: no good prospects on horizon According to MR Securities Limited , finance Minister Ishaq Dar seems to be over optimistic about materialization of $3 billion through issuance of ‘Remittances Bonds and Euro Bonds’ in a year as well as persuading buyers to release the remaining payment of ...

Karachi,January 09, 2014 (PPI-OT): AKD Securities reinitiate coverage on Engro Corp. (ENGRO) following AKD Securities blackout period owing toAKO Securities! position as the lead book builder for the IPO of Engro Fertilizers. According to AKD Securities, after a blip in CYI2, wherein the company posted consolidated earnings of just PkR1. 8bn (EPS: PkR2.6) following losses ...

Karachi,January 09, 2014 (PPI-OT): Nishat Mills Limited Personal Goods According to Arif Habib Limited, dvidend Income support to increase earnings by 50% QoQ Arif Habib Limited reiterate Arif Habib Limited’s ‘BUY’ stance on NML with Jun’14 TP of PKR 158.6/share (PEx 5.69 and PBx 0.80 on FY14E estimates). According to The scrip has already rallied ...

Karachi, January 08, 2014 (PPI-OT): According to official statistics, total sales of POL products during 1HFY14 clocked in at 10.7mn tons ,a growth of 11%YcY.Among major products, sales of MS during 1HFYI4 increased by 20%YoY to 19mn tons on continued gas curtailment to the transport sector, FO volumes surged by 13%YoY to 36mn tons as ...

Karachi, January 06, 2014 (PPI-OT): Sell-off of 31 SOEs: privatisation BoD meets on January 8 According to MR Securities, The Board of Directors (BoD) of Privatisation Commission (PC) is all-set to take up the issue of selling 31 state-owned entities including Oil and Gas Development Company (OGDCL) and Pakistan Petroleum Limited (PPL) in its secluded ...

Karachi, January 06, 2014 (PPI-OT): Cement sector in limelight – good local dispatches | export decline marginalized The cement sector association APCMA reports highest ever domestic sales during 1st half. According to Standard Capital, the total local cement dispatches in during July- Dec 2013 had grown by 2.1% to 11.976mn tons as against 11.727mn tons ...

Karachi, January 06, 2014 (PPI-OT): 2) NSS rate hike; Banks unintended consequence bearer According to Arif Habib Limited, 1) Cooling inflation gives some flexibility to SBP 1HFY13, period average under 9% For the month of Dec-13, falling food prices (-3.3% MoM) cools off CPI inflation by 1.32% MoM to 9.18%YoY.Overall non-food prices continue its upward ...