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Karachi, May 16, 2013 (PPI-OT): Equities rallied despite disappointing industrial data US markets remain buoyant as Dow and SandP 500 continued to make higher highs into uncharted waters. DJI gained 60.44 points, up 0.40%, and concluded previous session at record 15,276. According to KASB Securities Limited the SandP also moved …
Read More »AKD Quotidian about — Banks: In the midst of a catch-up rally
Karachi, May 16, 2013 (PPI-OT): The listed banking sector has underperformed the KSE-100 Index by 8%CYTD but recent price performance suggests banks are in the midst of a catch-up rally where banks such as MCB, SNBL, and BOP have gained in the 26%-45% range over the last month. According to …
Read More »Morning Call about – Democratic transition gains confidence for early economic revival – Arif Habib Limited
Karachi, May 16, 2013 (PPI-OT): As the veteran political party, PML’N, plans to diligently rein in country’s administration –only a few days away– post Elections 2013, Arif Habib Limited has seen a number of developments taking place for country’s good that have reflected into capital market’s gaining more momentum (~22% …
Read More »Morning Briefing – Standard Capital
Karachi, May 15, 2013 (PPI-OT): Trivial issues for cement players – point to ponder Afghanistan syndrome There are many cement companies which are about to show exponential earnings growth at the conclusion of FY13. According to Standard Capital expects their sales spree may receive some dent if one of the …
Read More »AKD Quotidian about — Cotton Update: May’13
Karachi, May 15, 2013 (PPI-OT): On Friday May 1O’13 USDA issued its first cotton report for the marketing year (MV: year starting August 1st) 2013/14. According to AKD Securities in this regard, USDA has forecasted global cotton production down by 3.l3mn bales VoY to 117.Bmn bales for MY14F. Global ending …
Read More »AKD Quotidian about — Construction and Material: 1OMFY13 Review and Outlook
Karachi, May 14, 2013 (PPI-OT): As per the latest off take numbers quoted in news reports, total cement dispatches for I OMFY1 3 have increased by 4%YoY to 27.6mn tons where local dispatches were up by 6%YoY to 20.7mn tons while exports have declined by 2%YoY to 6.9mn tons. According …
Read More »The Bell about –KOHC: Deleveraging and margin/volume growth to drive rerating – Elixir Securities Limited
Karachi, May 14, 2013 (PPI-OT): Profitability growth continued in 9MFY13: Kohat Cement Company Limited (KOHC) posted profit of PKR1.9bn (EPS: PKR14.8) in 9MFY13, up 91% YoY. 3QFY13 earnings clocked in at PKR732mn (EPS: PKR5.7), up 64% YoY. According to Elixir Securities Limited strong growth in earnings was primarily driven by …
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