Tag Archives: AKD Securities Limited

Karachi, April 03, 2015 (PPI-OT): Bull Run continued at local bourse on last session of the week as well to end the week at flourish note. Today session started on upbeat note and continued the momentum till the end of the day. Cement and Electricity sector were the pick of the sectors’ as the both ...

Karachi, April 02, 2015 (PPI-OT): AKD Securities Limited updates AKD Securities Limited’s investment case on EFERT where post incorporation of Eximp’s fertilizer trading business, tweaking finance cost and capacity utilization assumptions AKD Securities Limited revises AKD Securities Limited’s earnings forecast by 14.2% in CY15E to PkR13.23/sh vs. PkR11.59/sh previously, while the same over the long ...

Karachi, March 30, 2015 (PPI-OT): The IMF approved the release of US$501mn under the EFF agreement at the conclusion of its Board’s meeting of the sixth review while commending GoP for its progress on the program as well as brining economic stability. Pakistan comfortably met all quantitative and structural benchmarks for the review, assessing performance ...

Karachi, March 27, 2015 (PPI-OT): Coming from a low base in the corresponding period last year, total urea off take in 2MCY15 stood at 1.084mn tons compared to 0.997mn tons during the corresponding period last year – a growth of 8.7%YoY (as per recently released NFDC figures). In this regard, total urea off take in ...

Karachi, March 27, 2015 (PPI-OT): Fatima Fertilizer (FATIMA) announced NPAT of PkR9.3bn (EPS: PkR4.41) in CY14, registering an increase of 15%YoY as compared to NPAT of PkR8.0bn (EPS: PkR3.82) in the previous year. In 4QCY14 alone, the company recorded NPAT of PkR2.8bn (EPS: PkR1.34), down 7%QoQ against NPAT of PkR3.03bn (EPS: PkR1.45) in 3QCY14 as ...

Karachi, March 27, 2015 (PPI-OT): Emotional Extremes Short‐Term: Yesterday’s high volume candle reflects emotional extremes at deeply oversold daily readings. This indicates that the first leg of correction (wave A) has reached selling climax and a reversal is due. AKD Securities Limited expects market registering a relief rally towards 31,325 and 32,038 levels in wave ...

Karachi, March 25, 2015 (PPI-OT): Pakistan’s sovereign credit ratings, commencing in 1994 with a ‘B+’ from S and P and a ‘Ba3’ rating from Moody’s, have gradually treaded down to B- and Caa1, respectively, at present. Moody’s last downgraded Pakistan’s rating in Jul’12 and while raised its outlook from ‘negative’ to ‘stable’ in Jul’14, it ...