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 …
Read More »AKD Quotidian about — Higher CPI in FY14 points to higher interest rates
Karachi, July 10, 2013 (PPI-OT): Having registered at 5.85%YoY/O.72%M0M in Jun’13, AKD Securities expects CPI to increase by 1.8%MoM which will lead Jul’13 CPI to clock in at -8%YoY. According to AKD Securities this is corroborated by the SPI trend which suggests a steep MoM increase of 3% which AKD …
Read More »AKD Quotidian about — FATIMA – Upside triggers in place
Karachi, July 09, 2013 (PPI-OT): Despite robust growth in fertilizer demand and impressive IQCYI3 results, FATIMA has remained a laggard in the KSE-100 Index’s ongoing bull-run. According to AKD Securities trading at an attractive CY1 3F PIE of 6.4x, FATIMA remains one of AKD Securities tops picks in the AKD …
Read More »Market and Index Review-Market Today-RSL Securities Limited
Karachi, July 08, 2013 (PPI-OT): On Friday market again opened in a positive side. According to RSL Securities Limited the first pressure was seen near the level of 22,075 points. From there market saw a gradual increase and it touched the level of 22,242.23 points. By the mid of the …
Read More »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 …
Read More »AKD Quotidian about — Pakistan Market: IME Program – EFF instead of SBA
Karachi, July 05, 2013 (PPI-OT): The visiting IMF mission and the Government of Pakistan have reached a staff-level agreement on a 36-month arrangement totalling US$5.3bn under an Extended Fund Facility. According to AKD Securities the new program will be presented for approval before the IMF’s Executive Board in early Sep’13 …
Read More »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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