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Karachi, July 31, 2013 (PPI-OT): On Tuesday market opened in a positive direction. The resistance level of the market was at 23,467.09 points. According to RSL Securities Limited from there market showed a consistent downward side pressure. The first support was seen near the level of 23,265 points and the …
Read More »AKD Quotidian about — EPCL: 1HCY13 Result Preview
Karachi, July 30, 2013 (PPI-OT): EPCL is scheduled to announce its IHCYI3 result on Aug 0513. AKD Securities expects the company to post NPAT of PkR54Omn (EPS: PkR0.81) in 1 HCYI3, up by a significant 9x YoY. According to AKD Securities major factors behind the substantial projected rise in IHCYI3 …
Read More »AKD Quotidian about — 1HCY13 Fertilizer Off takes update
Karachi, July 29, 2013 (PPI-OT): According to official statistics released by the National Fertilizer Development Centre (NFDC), urea Off take remained flat during IHCYI3 to stand at 2.7mn tons, mainly due to a higher base effect from lower imported urea sales in Jun’12. DAP Off take, on the other hand, …
Read More »State Bank of Pakistan’s Open Market Operations (Injection) result –
Karachi, July 29, 2013 (PPI-OT):State Bank of Pakistan conducted its Open Market Operations (Mop up) in following contracts on Jul 29, 2013. Bids received & accepted are given below: A: OMO BIDS NO OMO Tenor Bids Range Number of Bids Offered 1 04-Days (Repo) 8.40 – 8.70% 04 B: OMO …
Read More »United Bank Ltd’s Principal Protected Fund turns out to be another great success
Karachi, July 29, 2013 (PPI-OT):The UBL Principal Protected Fund II (UPPF II) launched by UBL Funds, has generated investments over Rs. 825 Million till close of its IPO and has been established as another great feat for UBL Funds’ capital protected series. UBL Principal Protected Fund II’s offering of up …
Read More »Saquib Fayyaz Magoon appointed Chairman Federation of Pakistan Chambers of Commerce and Industry Standing Committee on Anti Smuggling
Islamabad, July 29, 2013 (PPI-OT): Mr. Zubair Ahmed Malik, President, FPCCI has appointed Mr. Saquib Fayyaz Magoon as Chairman of FPCCI Standing Committee on Anti Smuggling for the year 2013. His nomination is reflective of the confidence reposed in him by the President of FPCCI mainly due to his long …
Read More »Turkish investment in Pakistan’s energy, infrastructure and municipal services: Dr.
Kadir Topbash Ankara, July 29, 2013 (PPI-OT): Mayor of Istanbul Dr. Kadir Topbash in a meeting with Ambassador of Pakistan in Turkey Mr. Muhammad Haroon Shaukat assured full support for initiating further development and investment projects specially in energy, low cost housing, infrastructure and municipal services. The Mayor said that …
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