Karachi, May 19, 2015 (PPI-OT): Pakistan’s current account seems to be following an unusual trend where Jul-Apr’15 CAD has clocked in at US$1.36bn, nearly half the level seen in the same period in FY14, after recording a surplus of US$275mn in April’15. The downtrend has primarily been on the back of 1) receipt of US$717mn …
Karachi, May 19, 2015 (PPI-OT): Bearish spell continued at local bourse. Trading remained dull at local bourse Bearish spell continued at local bourse. Trading remained dull at local bourse as the volume dried up, courtesy to lack of strong trigger coupled with uncertainty about the Budget for2015-16. Better result announcement and exciting future outlook kept …
Karachi, December 16, 2014 (PPI-OT): UBL: Reiterate liking post correction While UBL is up 27%CYTD, it has shed 10% since the SBP re-initiated monetary easing with a 50bps DR cut to trade at a CY15F P/B of 1.5x and P/E of 8.4x. With reinvestment risk on the horizon, AKD Securities trims AKD Securities EPS estimates …
Karachi, November 24, 2014 (PPI-OT): Expanding Triangle Resistance in Play Short‐Term: A dark cloud cover at upper boundary of an expanding triangle has interrupted the short‐term bull trend. Expect resistance in 31,620 — 31,848 levels capping the recovery attempt. Slippage below 30,989 — 30,970 levels would expose weakness towards 30,194 levels. Sell in 31,620 — …
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