Tag Archives: AKD Quotidian

Karachi, November 22, 2013 (PPI-OT): While the larger banks have rebounded swiftly post the recent SBP directive tying the rate floor on savings a/c to the DR, price performance of selected medium/small banks has been mixed, driven more by corporate developments. According to AKD Securities, although not under AKD Securities’ formal coverage, AKD Securities takes ...

Karachi, November 21, 2013 (PPI-OT): The Current Account for Oct’13 has registered a minor deficit of US$166mn vs. a revised deficit of US$574mn in Sep’13. According to AKD Securities this improvement was primarily due to 1) 9%MoM contraction in balance of goods and services (104%MoM increase in exports of services likely on CSF receipts of ...

Karachi, November 20, 2013 (PPI-OT): Amid strong payouts maintained by FFC in 9MCY13 despite substantial investments made in AKBL and Al-Hamd Foods, a likely gas tariff revision in Jan’14 and a potential reversion of ENGRO’s Enven feedstock gas tariff to US$0.7/mmbtu spell risks to earnings going forward. According to AKD Securities however, given improved pricing ...

Karachi, November 12, 2013 (PPI-OT): Auto industry sales in Oct’13 have clocked in at 9,955 units, higher by 6%YoY but lower by 11%MoM. According to AKD Securities, considering auto financing continues to rise (+20%YoY/3%MoM to PkR53.6bn), AKD Securities, attributes sequentially lower sales by OEMs to competition faced from imported variants, particularly as local assemblers have ...

Karachi, November 11, 2013 (PPI-OT): The US Department of Agriculture (USDA) released its cotton world markets and trade report for November on Friday, Nov 08’13. According to AKD Securities, Ending inventory estimates were revised upwards by 1mn bales (1 bale = 480lbs) over Sep’13 estimates to 95.7mn bales. Global production is expected to clock in […]

Karachi, November 08, 2013 (PPI-OT): While high inflation readings, looming risks to the PkR/US$ parity and expected monetary tightening likely presenting a theme for subdued market performance in the near-term, defensive stocks in the power and fertilizer sectors could come into the limelight, in AKD Securities views. According to AKD Securities in this regard, the ...

Karachi, November 06, 2013 (PPI-OT): The EU Committee on International Trade has reportedly approved the list of countries applying for the EU GSP Plus Status including Pakistan. According to AKD Securities in view, the GSP Plus status for Pakistan will result in an increase in textile exports particularly in the higher value added segment of ...