Brokerage

Karachi, December 19, 2013 (PPI-OT): Improved Textile sector dynamics to benefit Banking sector According to Arif Habib Limited, Improved Textile sector dynamics to uplift Banking sector asset quality Considering on average 16% exposure of the banking sector gross advances to country’s textile sector, the news of granting GSP+ Status can potentially serve as a positive ...

Karachi, December 18, 2013 (PPI-OT): New beginnings: PIBT makes it to the stock exchange According to MR Securities, Trading for the shares of Pakistan International Bulk Terminal (PIBT) on theKarachi Stock Exchange (KSE) will commence from December 23 after the KSE approved the company’s application for formal listing and quotation on the bourse’s ready board. ...

Karachi, December 18, 2013 (PPI-OT): Insurance sector PE exposition The general insurance segment in Pakistan goes with the economy. Considering the fact that now industrial sector may really take-off, KASB Securities Limited sees underwriting profits of big companies to increase. According to Standard Capital, however, these companies still bank on investment income wherein returns from ...

Karachi, December 18, 2013 (PPI-OT): AKD Securities believes a PkR15/bag increase in cement prices in the north is right around the corner, considering that cement producers have recently increased prices by PkR15-20/bag in an effort to pass on the impact of an increase in electricity tariffs. According to AKD Securities, on the cost front AKD ...

Karachi, December 17, 2013 (PPI-OT): PE exposition till 7x (some options left) Standard Capital sees some blue chips are trending PEs i.e. 9x – 10x as against expected KSE100 PE of 10.9x. According to Standard Capital, nevertheless, Standard Capital sees continuous developments in related sectors wherein government is vying for public spending. Standard Capital likes ...

Karachi, December 17, 2013 (PPI-OT): According to news reports, the GoP is planning to offload 12% shares of UBL and ABL in early CY14 as part of the privatization drive. According to AKD Securities estimates that the GoP owns about a 20% share in UBL/ 12% share in ABL and while it is unclear whether ...

Karachi, December 17, 2013 (PPI-OT): Impact of rising Cement prices and changing market pie Cement prices jump PKR 20/bag in Southern region As per media reports, cement prices in the southern region of the country have increased by PKR 20/bag, which now hover between PKR 520-505 per bag. According to Arif Habib Limited, as per ...