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 …

Karachi, November 25, 2014 (PPI-OT): Pakistan Banks: Assessing recent trends The latest banking sector data indicates that banks’ balance sheet continues to grow in double digits (up 14%YoY in Sep’14). While the NPL ratio has slightly inched up to 13% in Sep’14 on classification of certain names in the energy chain, the overall asset quality …

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 …

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 …

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 …

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 19, 2013 (PPI-OT): Allied Bank Limited (ABL) is scheduled to announce its 1HCYI3 result on Aug 21’13. According to AKD Securities on a consolidated basis, expect ABL to post NPAT of PKR5.73bn (fully-diluted EPS: PkR5. 50) in 1HCYI3 vs. NPAT of PkR6.74bn (EPS: PkR6.48) in IHCYI2, translating into a decline of I 5%YoY. …