Tag Archives: AKD Quotidian

Karachi, December 06, 2013 (PPI-OT): Cement dispatches for Nov’13 have reportedly clocked in at 2.7mn tons posting a subdued growth of 3%YoY as compared to 2.6mn tons in Nov’12. According to AKD Securities Limited, in this regard, while domestic dispatches displayed strong growth of 9%YoY to clock in at 2.1mn tons, export dispatches posted the ...

Karachi, December 04, 2013 (PPI-OT): AKD Securities expects FFBL to post a strong 38%YoY earnings growth in CY13 (EPS: PkR6.4) on the back of 13%YoY higher DAP production during the year, where the management target of 725k tons for the year is 75k tons higher than the company’s design capacity of 650k tons. According to ...

Karachi, December 02, 2013 (PPI-OT): The KSE-100 Index gained a strong 6.7% in Nov’13 which turned out to be the second best month for Pakistan equities after a stellar 15.0% return in May13. According to AKD Securities this brings 11MCY13 returns to 43.8%, a run rate at which the robust 49.0% returned in CY12 may ...

Karachi, November 29, 2013 (PPI-OT): Autos: Unfolding dynamics According to AKD Securities Limited, the auto sector has garnered much limelight of late with all stakeholder eyes on the new auto policy titled ‘Auto Industry Development Program II’ (AIDP II), with the policy likely to be announced by the end of the current year. The policy ...

Karachi, November 27, 2013 (PPI-OT): Automation services provider Avanceon Ltd intends to issue 25.16mn shares at a floor price of PkR14/share to raise funds for business development projects in the UAE, where 75% of these shares will be offered via book building. According to AKD Securities with a history of 24 years and presence in ...

Karachi, November 26, 2013 (PPI-OT): Weighted average banking sector spreads for Oct’13 have clocked in at 6.20%, down by 11bpsMoM/57bpsYoY. According to AKD Securities this was the first month in which the linking of the savings a/c rate floor to the DR became effective and brings the 8MCY13 average spread to 6.26% vs. 7.11% in ...

Karachi, November 25, 2013 (PPI-OT): After registering at 9.1%YoY in Oct’13, AKD Securities expects headline CPI to accelerate to double digits in Nov’13 to clock in at ~10.5%YoY. According to AKD Securities this translates into a 0.86%MoM increase which is lower than the 1.36%MoM CPI average increase in 4MFY14. The rise in sequential price pressures, ...