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AKD Quotidian about — Banks: Universe Result Previews

Karachi, October 21, 2013 (PPI-OT): Banking sector result season kicks off from this week where AKD Securities reiterates that earnings in general are likely to continue their downtrend in 3QCY13 as NIMs continue to compress. According to AKD Securities only NBP may end up posting sequential growth and that too if subjective Bangladesh provisions do ...

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AKD Quotidian about — Auto Sector: Sep13 Sales Volumes

Karachi, October 14, 2013 (PPI-OT): As per the latest data released by the Pakistan Automotive Manufacturers Association (PAMA), auto industry volumes (Cars and LCVs) for the month of Sep’13 increased by 0.6%MoM/14.9%YoY to stand at 11.2k units. According to AKD Securities tractor sales in Sep’13 continued with their disappointing trend declining by 9.4%MoM/32.2%YoY. Coming back ...

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AKD Quotidian about — Minute Pullback Expected —Bearish Theme Intact

Karachi, October 11, 2013 (PPI-OT): Short‐Term: Expect a minute pullback towards 21,912 level today. However, the short‐term profile would remain bearish below 22,089 — 22,331 levels sighting possibility for further weakness towards 21,066 — 20,924 and 20,283 levels. Sell on strength up to 22,089 level while needing a break above 22,331 to go neutral. According ...

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AKD Quotidian about — Cements: Highest September on record!

Karachi, October 07, 2013 (PPI-OT): According to data released by the All Pakistan Cement Manufacturers Association (APCMA), cement dispatches picked up in Sep’13 after the dual impact of Ramadan/monsoon rains. According to AKD Securities, local sales increased by a strong 19%YoY/36%MoM to clock in at 2.14mn tons during while exports, although posting the 20th YoY ...

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AKD Quotidian about —LOTCHEM: Negatives overplayed

Karachi, October 04, 2013 (PPI-OT): Given the recent decline in Primary Margins and disappointing 1HCY13 results, AKD Securities cuts AKD Securities’ EPS forecasts by 12% on average. According to AKD Securities that said, AKD Securities believes that the negatives have been overplayed where anticipated PM rationalization in the medium term as additional Px capacity comes ...

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AKD Securities Equity Research – Approaching Resistance

Karachi, October 04, 2013 (PPI-OT): Short-Term: Expect termination of pullback as the index approaches 22,320 — 22,525 resistance zone. According to AKD Securities maintains a bearish outlook below 22,857 level sighting possibilities for near-term weakness towards 21,451 — 21,416 and 20,924 levels. Sell the pullback up to 22,320 — 22,525 levels while needing a break ...

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