AKD Securities : AsiaNet-Pakistan

Tag: AKD Securities

AKD Securities – Equity Research

December 5, 2014 | Brokerage

Karachi, December 05, 2014 (PPI-OT): Focus more on stocks and less on the KSE-100 Index Having gained an avg. 30% per annum during the past 4 years (CY10-13), the KSE-100 Index continued its ascent in CY14 as well where it has so far risen by 27% in CY14TD and is currently at its all-time high …

Read More

AKD Securities — Trigger Shark

December 4, 2014 | Brokerage

Karachi, December 04, 2014 (PPI-OT): Former Resistance at 32,049 — 32,225 Levels under Challenge Short‐Term: Yesterday’s recovery through 31,735 levels puts former resistance at 32,049 — 32,225 levels under challenge. Any reaction from the aforementioned resistance would produce a retreat towards 31,677 levels. Accumulate textiles and cements and wait for a bottom confirmation in oil …

Read More

AKD Securities – Pakistan Economy

November 24, 2014 | Brokerage

Karachi, November 24, 2014 (PPI-OT): Single-digit interest rates here to stay Led by lower food and petroleum product prices, Nov’14 CPI is expected to clock in at the sub-5%YoY range, which will vindicate the SBP’s 50bps cut in the DR to 9.5% particularly as the PkR has gained 1.1%MTD vs. the US$. While Nov’14 CPI …

Read More

AKD Securities – Stock Smart

November 21, 2014 | Brokerage

Karachi, November 21, 2014 (PPI-OT): Weekly Reviews This week the KSE-100 index surged above 32,000+ levels on the back of DR rate cut, however with profit taking during the end of the week, with the index settled at 31,495pts, upside of 0.48%WoW. News flows moving the market included 1)50bps rate cut in the latest MPS …

Read More

AKD Securities Equity Research – Pakistan weekly update

April 16, 2014 | Brokerage

Karachi, April 16, 2014 (PPI-OT): Bulls Still Pack a Punch Short-term: Yesterday’s doji session shows that excessive supply has neutralized at support around 28,947 levels. This should refresh the bullish momentum towards 29,682 levels. Would go neutral on close below 28,900 levels. General Outlook: Benchmark KSE has attained a normal channel target for the fifth …

Read More

AKD Quotidian about — Circular Debt resolution leads to 8MFY14 FO based generation

April 16, 2014 | Brokerage

Karachi, April 16, 2014 (PPI-OT): Following partial resolution of Circular Debt (CD) in which the govt injected Independent Power Producers (IPPs) with PkR270bn, massive improvement in cumulative power production of the country was expected. However, the velocity of this improvement remained slow as Pakistan’s total power generation according to data released by National Electric Power …

Read More

AKD Quotidian about — Fertilizer Numbers: Potential for higher imports in 2Q?

February 28, 2014 | Brokerage

Karachi, February 28, 2014 (PPI-OT): As per the latest numbers released by the National Fertilizer Development Centre (NFDC), total urea off take In the first month of CYI4 (Jan) stood at 6192k tons, an increase of 19.7%YoY. According to AKD Securities, the growth was led primarily by higher sales of EFERT following availability of feed …

Read More

AKD Quotidian about — Pakistan Economy: FX Reserves bottomed out

December 20, 2013 | Brokerage

Karachi, December 20, 2013 (PPI-OT): The Executive Board of the IMF has completed its quarterly review of the EFF program and has approved immediate disbursement of about US$550mn. According to AKD Securities, in doing so, the performance criterion on net international reserves was also waived. While expressing overall satisfaction over Pakistan’s performance in the program …

Read More

AKD Securities Equity Research — In The Groove

November 29, 2013 | Brokerage

Karachi, November 29, 2013 (PPI-OT): Short‐Term: Recovery through 23,939 level has refreshed immediate momentum for 24,324 — 24,352 levels with overall short‐term focus set at 24,686 level. According to AKD Securities Limited, immediates supports reside around 24,100 and 23,939 levels. Buy the dips! General View: Escape from an intermediate corrective channel has refreshed the primary …

Read More

AKD Securities Equity Research – Pakistan weekly update

August 16, 2013 | Brokerage

Karachi, August 16, 2013 (PPI-OT): Recent Peak Under Challenge Above Minor Averages Short‐Term: Benchmark KSE continues to hold above minor averages. According to AKD Securities this can put recent peak (23,946) under challenge with a key support around 23,310 level. Sustained break above 23,946 would be required to set continuation of bullish momentum towards 24,941 […]

Read More

AKD Securities Equity Research

March 14, 2013 | Brokerage

Karachi, March 14, 2013 (PPI-OT): Corrective Profile Short- Term View: The benchmark KSE encountered resistance around the 50% retracement of 18312 to 17491 descend at 17902 yesterday. According to AKD Securities today, the index can recede back to minute supports around 17633 and 17579. In case of a break above 17902 17930 the index would […]

Read More