Brokerage

Karachi, December 26, 2013 (PPI-OT): Agreements with Turkey: Monitoring of projects is a key to success According to MR Securities, At a time when the economy of Pakistan is facing some serious challenges, the visit of Turkish premier Recep Tayyip Erdogan, along with a high-powered business delegation, has provided some respite. Turkey agreed to support ...

Karachi, December 26, 2013 (PPI-OT): Food and beverages sector – evergreen Food industry is ever green industry which is still untapped in terms of resources. According to Standard Capital, many existing entities are vying to venture into dairies and other segment. Many good companies are unquoted entities as well. Owing to tremendous resources Standard Capital ...

Karachi, December 26, 2013 (PPI-OT): Following the resumption of interest rate hike cycle, weighted average banking spreads for Nov’13 have clocked in at 6.24%, lower by 43bps YoY but higher by 4bps MoM, the sequential increase primarily driven by higher lending rates. According to AKD Securities, as a result, spreads have averaged 6.26% in 11MCY13 ...

Karachi, December 26, 2013 (PPI-OT): FFBL: Downgrade to hold on stellar price performance Strong 4Q results likely… FFBL is expected to post DAP and urea sales of 340k tons (+38% YoY) and 18k tons (-78% YoY) respectively during 4QCY13. According to Elixir Securities Limited, despite strong DAP off take, 4QCY13 EPS shall clock in at ...

Karachi, December 26, 2013 (PPI-OT): GSP+ Status rejuvenates Textile’s Growth Potential! According to Arif Habib Limited, The following is an excerpt of Arif Habib Limited’s detailed report released on the Textile sector of Pakistan and the companies in Arif Habib Limited’s coverage. Textile Sector; Main stay of the economy! The textile sector has remained at ...

Karachi, December 23, 2013 (PPI-OT): The Current Account deficit for Nov’13 has registered at a steep US$589mn (US$mn) vs. According to AKD Securities, a minor deficit (revised) of US$96mn in Oct’13. This substantial rise in the deficit was primarily due to i) 11%MoM decline in exports to US$1,850mn (slowdown in textile exports, petroleum group and ...

Karachi, December 23, 2013 (PPI-OT): On Friday the last day of the week market opened in a positive direction. Market showed a mixed and depressed trend. According to RSL Securities Limited, the low of the market was at 25,392.89 points. However after that market showed some strength and touched its high at 25,640.52 points. Market ...