AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Pakistan stocks edged up trading thin volumes to close above 11,800 levels as investors cherish for coming Eid Holidays. According to Elixir Securities, Engro Corp ENGRO PA +5% kept proceedings interesting on a rather dull day with stock trading over 11% of KSE100 volumes. Stock recovered to close on …
Read More »The Bell about Construction & Materials – Elixir Securities Limited
Karachi: DGKC: Better margins make up for flattish volumes Top‐line surges despite dismal volumes According to Elixir Securities, despite a nominal 1% YoY growth in total off take during 1QFY12, top‐line surged by 44% YoY owing to increase in retention prices. Average net retention increased by 43% YoY to PKR263/bag; …
Read More »AKD Quotidian about —: Lower bond yields despite above-expected CPI
Karachi: Oct’11 CPI registered at 10.96%YoY/1.44%MoM, slightly higher than AKD’s expectations of 10.5%YoY/1.0%MoM. As a result, 4MFY12 avg. According to AKD Securities, CPI has registered at 11.34%.YoY which is more than 50bps lower than the Discount Rate. Core inflation for Oct’11 was recorded at 10.4%YoY. In connection to this, yesterday’s …
Read More »CCP may intervene in restraining further urea price hike – Alfalah Securities Limited
Karachi: The Competition Commission of Pakistan may intervene in restraining unilateral increase in fertilizer prices by the manufacturers, as the hike has severely affected the farmer’s community. According to Alfalah Securities, Fertilizer Manufacturers are being said to have a pricing cartel while claiming that urea prices have been hiked to …
Read More »Gas Load Management plan approved for the upcoming winter season – Alfalah Securities Limited
Karachi: The Ministry of Petroleum and Natural Resources has approved a gas load management plan for the upcoming winter season according to which, CNG sector would be provided with an uninterrupted gas supply during 4th to 11th November due to the occasion of Eid-ul-Azha after which it would be suspended …
Read More »CPI inflation climbs by 11.34% in July-Oct (4MFY12), 10.96% in Oct 11’ (YoY) and 1.4% (MoM) – Alfalah Securities Limited
Karachi: The Consumer Price Index (CPI) inflation has climbed up by 11.34% in 4MFY12 (Jul-Oct 2011) over the same period last year while, it has witnessed an increase of 10.96% in Oct11’ on YoY basis and 1.4% on MoM basis, owing to a significant rise in food and non-food commodity …
Read More »Pakistan Telecommunication Company wins global SAMENA Award 2011 as Best Telecom Operator in South Asia
Islamabad: Pakistan Telecommunications Company Limited (PTCL) has won the prestigious international SAMENA Award 2011 for being the “Best Telecom Operator in South Asia”. CEO and President PTCL, Mr. Walid Irshaid accepted this acclaimed honour on behalf of his company at the annual SAMENA ‘Convergence to Doha’ summit held in Doha …
Read More »