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KASB Securities Limited and Economics Research- The Keystone – Equities
Written on 17 May, 2013 at 20:02 in Brokerage | viewed times | 0 Comments
Karachi, May 17, 2013 (PPI-OT): KSE-100: Test of support at 20,200 a possibility According to KASB Securities Limited, • After 11 sessions of straight gains, overbought state of KSE‐100 finally trickled into sentiments and induced a breather of 150 points.... (Continue reading)
Morning Shout released by KASB Securities Limited and Economics Research
Written on 17 May, 2013 at 20:02 in Brokerage | viewed times | 0 Comments
Karachi, May 17, 2013 (PPI-OT): APL: Organic growth thrust to continue; Buy According to KASB Securities Limited, • APL is trading at an attractive valuation (FY14E P/E of 7.3x, D/Y of 12%), where KASB Securities Limited believes market is yet... (Continue reading)
AKD Quotidian about — MCB: TP upgraded but still a Reduce
Written on 17 May, 2013 at 20:01 in Brokerage | viewed times | 0 Comments
Karachi, May 17, 2013 (PPI-OT): Following a better than expected IQCY13 result, clear improvement in asset quality dynamics and prospects for strong capital gains, AKD Securities raise AKD Securities target price for MCB to PkR230/share from PkR182/share previously. According to... (Continue reading)
AKD Securities Equity Research – Pakistan weekly update
Written on 17 May, 2013 at 20:01 in Brokerage | viewed times | 0 Comments
Karachi, May 17, 2013 (PPI-OT): Minute Breather — Bullish Theme Still Intact According to AKD Securities, short Term View: After eleven straight up-sessions, the index eased 0.73% yesterday, holding on to the 5 day average (20,323). With the 14-day RSI... (Continue reading)
Taurus Securities Limited – Market Roundup
Written on 17 May, 2013 at 20:01 in Brokerage | viewed times | 0 Comments
Karachi, May 17, 2013 (PPI-OT): KSE-100 index lost 150 points yesterday to close at 20,416.60 points with 324mn shares being traded. According to Taurus Securities Limited, top performers as per index points were UBL, PSL and PPL; likewise top decliners... (Continue reading)
Morning Call about – Fiscal deficit at 4.4% in 9M, thanks to under-target tax collections
Written on 17 May, 2013 at 20:01 in Brokerage | viewed times | 0 Comments
Karachi, May 17, 2013 (PPI-OT): The official numbers released by the Ministry of Finance reported a budget deficit of PKR 1.05trn for 9MFY13 or 4.4% of GDP, against last year’s 4.3%. According to Arif Habib Limited, understandably, higher deficit came... (Continue reading)
KASB Securities Limited and Economics Research – The Keystone – Equities
Written on 16 May, 2013 at 20:41 in Brokerage | viewed times | 0 Comments
Karachi, May 16, 2013 (PPI-OT): KSE-100: Overbought state jolting bulls Volatility increased on intraday basis which is a norm under current landscape where relentless bullish trend continues especially when momentum is extremely overbought. According to KASB Securities Limited now, yesterday’s... (Continue reading)
KASB Securities Limited and Economics Research – Commodities Corner
Written on 16 May, 2013 at 20:40 in Brokerage | viewed times | 0 Comments
Karachi, May 16, 2013 (PPI-OT): Equities rallied despite disappointing industrial data US markets remain buoyant as Dow and SandP 500 continued to make higher highs into uncharted waters. DJI gained 60.44 points, up 0.40%, and concluded previous session at record... (Continue reading)
Morning Shout released by KASB Securities Limited and Economics Research
Written on 16 May, 2013 at 20:40 in Brokerage | viewed times | 0 Comments
Karachi, May 16, 2013 (PPI-OT): MSCI downgrades PSO to MSCI FM Small Caps MSCI has announced its semi-annual review yesterday, where MSCI has deleted Pak State Oil from MSCI FM and added it to MSCI FM Small Caps. According to... (Continue reading)
AKD Quotidian about — Banks: In the midst of a catch-up rally
Written on 16 May, 2013 at 20:40 in Brokerage | viewed times | 0 Comments
Karachi, May 16, 2013 (PPI-OT): The listed banking sector has underperformed the KSE-100 Index by 8%CYTD but recent price performance suggests banks are in the midst of a catch-up rally where banks such as MCB, SNBL, and BOP have gained... (Continue reading)