Karachi, July 04, 2013 (PPI-OT): Local cement off take in FY13 has exceeded 25mn tons – a record high! Together with flattish exports, total cement dispatches in FY13 have clocked in at 33.43mn tons, up 3%YoY. According to AKD Securities going forward, provided local dispatches continue to grow in the …
Read More »RSL Securities Limited – Market Today
Karachi, July 04, 2013 (PPI-OT): On Wednesday market opened in a positive trend and faced pressure near the level of 21,800 points. According to RSL Securities Limited the highest level of the market was at 21,828.53 points from there market showed a declining trend and took support near the level …
Read More »AKD Quotidian about — Banks: 2QCY13 to show sequential improvement
Karachi, July 03, 2013 (PPI-OT): Based on preliminary workings, AKD Securities expects combined profitability of the Big-5 Banks to register close to PkR23bn in 2QCYI3 implying a contained decline of 5%YoY (vs. average decline of 12%YoY across the previous two quarters) and growth of 3%QoQ. AKD Securities build premise around …
Read More »Morning Call about -LDI minutes for Jun’13 down, interim dividend a possibility? – Arif Habib Limited
Karachi, July 03, 2013 (PPI-OT): LDI minutes for Jun’13, decline continues 10.4% MoM Although reservations have been expressed by the new Minister of IT in its recent meeting with LDI operators on the ICH arrangement on lowering int’l incoming minutes, the ICH consortium remains adamant on maintaining rates at current …
Read More »AKD Quotidian about — Inflation to inch up in FY14
Karachi, July 02, 2013 (PPI-OT): Jun’13 CPI has clocked in at 5.85%YoY/0.73%MoM, thereby bringing the FY13 CPI average to 7.40% which is 160bps below the DR. At the same times Trimmed Core inflation has clocked in at 6.8%YoWO.6%MoM n Jun13, bringing the FY13 average for this measure to an even …
Read More »Morning Call about – Inflation at 7.36% in FY13; FY14 average to hover around 10% – Arif Habib Limited
Karachi, July 02, 2013 (PPI-OT): Inflation at 7.4% in FY13 against targeted 9.5% Surprisingly, CPI inflation for the month of Jun’13 rose by only 5.85% YoY, against 5.13% recorded in May’13 and 11.3% in Jun’12. According to Arif Habib Limited on a monthly basis, the pace of increase was only …
Read More »AKD Quotidian about — Depicting Exhaustion In Downwards Pressure
Karachi, July 01, 2013 (PPI-OT): Short‐Term: Previous five diminutive candles with falling volume depict exhaustion in downwards pressure as the index approaches 20,783 level —38.2% retracement of 17,388 to 22,881 ascend. According to AKD Securities, recovery through 21,235 would produce an upwards retracement towards 21,525 — 21,702 levels. Reduce exposure …
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