Tag Archives: AKD Securities

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 ...

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 ...

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 …

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 …