Tag Archives: AKD Quotidian

Karachi, January 13, 2014 (PPI-OT): Pakistan Automotive Manufacturers Association (PAMA) has released auto numbers for the month of Dec’13. According to the data, overall industry volumes grew by 6.5%YoY in IHFYI4 to stand at 61,252 units where on MoM basis a decline of 7.5% was recorded with volumes of 8.868 units in Dec’13. According to ...

Karachi, January 10, 2014 (PPI-OT): The process of privatization appears to be well and truly underway with the Board of the Privatization Commission approving the sale of stakes in two E&P companies (OGDC/PPL) and three Banks (HBL, UBL, ABL) with a view to raise at least PkRlT5bn (US$1GSbn). According to AKD Securities ,in AKD Securities’ ...

Karachi,January 09, 2014 (PPI-OT): AKD Securities reinitiate coverage on Engro Corp. (ENGRO) following AKD Securities blackout period owing toAKO Securities! position as the lead book builder for the IPO of Engro Fertilizers. According to AKD Securities, after a blip in CYI2, wherein the company posted consolidated earnings of just PkR1. 8bn (EPS: PkR2.6) following losses ...

Karachi, January 08, 2014 (PPI-OT): According to official statistics, total sales of POL products during 1HFY14 clocked in at 10.7mn tons ,a growth of 11%YcY.Among major products, sales of MS during 1HFYI4 increased by 20%YoY to 19mn tons on continued gas curtailment to the transport sector, FO volumes surged by 13%YoY to 36mn tons as ...

Karachi, January 07, 2014 (PPI-OT): OGRA is set to announce a hike in gas tariffs shortly, where SNGP has demanded a hike of more than 15% for fertilizer manufacturers. According to AKD Securities Limited, however, with the second phase of gas tariff rationalization still to be announced (after the recent GIOC increase of PkRIO3/mmbtu on ...

Karachi, January 06, 2014 (PPI-OT): As per news reports, cement dispatches for the month of Dec13 clocked in at 295mn tons – an increase of 6%MoM/46%YoY. According to AKD Securities, in this regard, local dispatches posted a growth of 4%YoYI9%MoM to clock in at 2.33mn tons, the highest domestic dispatches for the month of December ...

Karachi, January 03, 2014 (PPI-OT): Headline CPI numbers in Dec13 surprised the market and registered at 9.18%YoY. This translates into a deflationary trend of- 132%MoM in contrast to the average l.3%MoM CPI increase In SMFVI4 as well as the highest sequential decrease since Jul08. According to AKD Securities, the fall in sequential price pressures is ...