Karachi, April 21, 2014 (PPI-OT): Fauji Fertilizer Bin Qasim is set to announce its 1QCY14 result on Apr 2214. The company is expected to record Net Loss after Tax (NLAT) of PkR197mn, translating into LPS of PkR0.21 as against NPAT of PkR492mn (EPS of PkR0.53) posted during the same period last year. The loss is …

The post AKD Quotidian about — FFBL: 1QCY14 Result Preview appeared first on Business News Pakistan.

Karachi, April 18, 2014 (PPI-OT): The CA deficit for Mar’14 has clocked in at US$156mn vs. a revised surplus of US$167mn in Feb’14. As a result, the 9MFY14 CA deficit has been recorded at US$2,173mn (1.2% of GDP) compared to a deficit of US$1,255mn (0.7%of GDP) in the same period last year. This substantial rise …

The post AKD Quotidian about — Pakistan Economy: CA remains in control appeared first on Business News Pakistan.

Karachi, April 17, 2014 (PPI-OT): The BoD of LOTCHEM is scheduled to meet on 24-Apr-14 to announce the result for 1QCY14. In this regard, AKD Securities expects the company to post NLAT of PkR31mn (LPS: PkR0.02), a sharp improvement over 4QCY13 where the company posted NLAT of PkR584mn (LPS: PkR0.39). Regional PTA-Px Primary Margins (PM) …

Karachi, April 15, 2014 (PPI-OT): ICI is set to announce its result for 3QFY14 tomorrow. In this regard, AKD Securities expects the company to post sequential growth of 23%QoQ for NPAT of PkR604mn (EPS: PkR6.54) during 3QFY14. While revenues are likely to remain flat at PkR9,519mn due to a likely sequential slowdown in the Life …

Karachi, April 11, 2014 (PPI-OT): Marred by sluggish economic performances (5 yr average GDP growth at 2.9% and engulfed by the menace by the menace of circular debt ,Pakistan ‘s oil sales during the past 5 yrs (FY09-13)failed to live up to the precedent set inFY05-08.Such was the magnitude of negativity brought by circular debt …

Karachi, April 10, 2014 (PPI-OT): USDA released its monthly cotton report for Apr14 yesterday. In this regard, USDA’S production estimates for MY2OI 3/14 (MY: Marketing Year starting August 1st) came off by a meagre 60k bales while global consumption estimates were revised upwards by 240k bales. Global Inventory estimates have been revised to 96.92mn tons …

Karachi, April 09, 2014 (PPI-OT): The listed banking sector has gained 12.4%CYTD with valuation rerating in the ongoing macro uptick dovetailing with impetus to earnings following the recent shift into PIBs. According to AKD Securities, some of these positives should manifest in upcoming 1QCY14 results where AKD Securities expects earnings growth to be led by …

Karachi, April 08, 2014 (PPI-OT): After touching its recent trough of 25.478.9 points. the Index has rallied by 3,100 points to close In at 28.578.9 level, translating into 12% return (20% En US$ terms during past 28 trading sessions. According to AKD Securities, They believe this bull Run was majority supported by 1) Extraordinary foreign …