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Morning Call about – Auto sales down 24% in FY13, earnings to follow the same pattern – Arif Habib Limited

Karachi, July 11, 2013 (PPI-OT): Pakistan Automotive Manufacturers Association (PAMA) released the latest auto sales and production figures for Jun’13. According to Arif Habib Limited volumes showed car and LCV sales as marginally up 3% MoM in Jun’13. With this, cumulative auto sales for entire year FY13 (Jul-Jun’13) plunged by …

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Morning Call about -Off take + margins, All good to propel earnings – BUY – Arif Habib Limited

Karachi, July 08, 2013 (PPI-OT): International phosphoric acid prices are spiraling downwards since Jul-12, Fauji Fertilizer Bin Qasim’s (FFBL) phosphoric acid contract price was settled at USD 750/ton for 2QCY13, down 3% QoQ. According to Arif Habib Limited moreover, the company’s DAP and urea prices remained firmed. In addition the …

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Morning Call about – IMF back in: USD 5.3bn to replicate debt repayments with EFF – Arif Habib Limited

Karachi, July 05, 2013 (PPI-OT): IMF management and BoD to finalize funds disbursement in Sep’13 Finally, Pakistan gov’t and the IMF have reached an agreement over much- awaited funding that is expected at USD5.25bn (additional funding of USD2bn also requested depending upon performing conditional measures). According to Arif Habib Limited …

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