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Karachi, December 31, 2013 (PPI-OT): Dividend yield options Today Standard Capital highlight some of the glaring dividend options via Standard Capital’s database. According to Standard Capital Limited, Standard Capital see Pakistan market is still attractive based on future dividend yields which include options such as NCPL, PKGP, FCCL, POL, APL etc. Dividend yield Dividend Expected ...

Karachi, December 31, 2013 (PPI-OT): Market Today On Monday the first day of the week market opened in a positive direction. It touched its highest level at 25,378.96 points. According to RSL Securities Limited, after that market showed some profit taking and entered in to the negative zone. The lowest level of the market was ...

Karachi, December 30, 2013 (PPI-OT): UAE launches projects worth $1.2 million in Pakistan The President’s initiative aims to support the people of Pakistan, contribute for developing its provinces and cities, and provide them with modern developmental facilities. According to MR Securities, in implementation of the directives of the President, His Highness Shaikh Khalifa bin Zayed ...

Karachi, December 30, 2013 (PPI-OT): PSO – Turnover increased in 5MFY14 alongwith margins Dunya newspaper website reported that PSO turnover increased during 5MFY14 to Rs 621bn against Rs 525bn reported in same period last year. According to Standard Capital, the 18% YoY increased in turnover is mainly due to increasing petroleum prices plus increasing volumetric ...

Karachi, December 27, 2013 (PPI-OT): Foreign currency: With heavy debt repayment, reserves fall to $3.1b According to MR Securities, Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased to $3.1 billion on December 20 as opposed to $3.4 billion a week earlier, showed data released by the SBP on Thursday. Dar tells ...

Karachi, December 27, 2013 (PPI-OT): Chemical sector – Standard Capital’s coverage EPCL, GGL and ICI Chemical sector is highly responsive to international commodity prices and local gas supply to plants. In recent times there was less gas supply and hence production decline was witnessed in few companies. Companies situated in southern zone, however, don’t face ...

Karachi, December 27, 2013 (PPI-OT): Fertilizer Price Performance The fertilizer sector has gained 7% in Dec’13TD in anticipation of strong earnings and payouts in 4QCY13 amid looming uncertainty over hike in gas tariffs in Jan’14 and reversion to US$0.7/mmbtu for Engro Fertilizers. According to AKD Securities, while various proposals have come forth with regards to ...