Wednesday , 17 January 2018
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JS Securities Limited – Pakistan Market: Technical Outlook

Karachi, January 16, 2018 (PPI-OT):KSE-100 – Downside likely with 41,511 in sight Downward movement continued for the KSE-100 index as it closed at 42,347, down 586 points. Volumes stood at 130mn shares versus 239mn shares traded previously. The index is expected to revisit yesterday’s low of 42,270; where a drop below will continue the downtrend with 41,511 and 40,796 as ... Read More »

IGI Securities Limited – Investor Kit

Karachi, January 16, 2018 (PPI-OT): Top News The government w ants to present next fiscal year budget to the federal cabinet and Parliament in the month of May 2018 and preparations to this effect are going on in the Finance Division. https://fp.brecorder.com/2018/01/20180116335809/ Read More »

IGI Securities Limited – Investor Kit

Karachi, January 16, 2018 (PPI-OT): Top News Pakistan has reportedly refused to finalise negotiations with China on second phase of Free Trade Agreement until Beijing allow s export of at least 70 high priority items of Pakistan’s interest duty free, well informed sources told Business Recorder. The 8th meeting of 2nd Phase Negotiations of China-Pakistan FTA (CPFTA) is expected to ... Read More »

IGI Securities Limited – Investor Kit

Karachi, January 16, 2018 (PPI-OT): Top News The commission source said how the ECP can hold early elections without completing the delimitation process, which will be completed in May this year. Ignoring the conspiracy theories of all sorts regarding the Senate elections, the source said that the Election Commission of Pakistan is gearing up for these elections to be held ... Read More »

IGI Securities Limited – Investor Kit

Karachi, January 16, 2018 (PPI-OT): Top News Central Development Working Party (CDWP) has approved as many as 20 projects at the cost of Rs 80.6 billion, out of which five projects valuing Rs 60.9 billion were referred to Executive Committee of National Economic Council (ECNEC) for further proceedings.https://fp.brecorder.com/2018/01/20180116335861/ Read More »

IGI Securities Limited – Investor Kit

Karachi, January 16, 2018 (PPI-OT): Top News A single licence would be issued to a securities broker, dispelling the need to acquire all other mandatory licences including futures broker, securities advisor, futures adviser and accredited representative, the Securities Exchange Commission of Pakistan (SECP) announced on Monday. https://www.dawn.com/news/1383180/licensing-regime-simplified-for-brokers Read More »

IGI Securities Limited – Investor Kit

Karachi, January 16, 2018 (PPI-OT):Top News With its liabilities atop Rs325 billion, the government has decided to complete by April the process of separating non-core assets from air transport business of Pakistan International Airlines (PIA) for its ultimate divestment by June, said Federal Minister for Privatisation Daniyal Aziz on Monday. https://www.dawn.com/news/1383185/divestment-of-national-carrier-likely-by-june Read More »

Taurus Securities Limited – Market Roundup

Karachi, January 16, 2018 (PPI-OT):KSE-100 index lost 586 points yesterday, to close at 42347 with 130mn shares being traded. Top performance as per index points was witnessed in ENGRO, OGDC and DAWH; top decliners were HBL, UBL and FFC. Activity was mainly concentrated in Technology and Communication, Engineering and Cement. Read More »

Elixir Securities Limited – Pakistan Market Wrap

Karachi, January 15, 2018 (PPI-OT): Closing Bell – Continues to correct lower; -560 pts Pakistan equities continued to correct with benchmark KSE100 Index finishing below 42,500 level on first day of the new week, down ~1.4% or ~586 pts. Trading activity diminished as investors opted to stay on the sidelines ahead of scheduled protest by a united opposition led by ... Read More »

JS Securities Limited – Morning Briefing

Karachi, January 15, 2018 (PPI-OT): POL: One-off to propel 2QFY18 earnings and payout Pakistan Oilfields Limited (POL) is scheduled to announce 2QFY18 earnings on January 24, 2018 wherein we expect the company to post profits of Rs5,530mn (EPS of Rs23.38) for the quarter, up by a gigantic 136%/118% YoY/QoQ. The massive increase in earnings is largely attributable to one-off retrospective ... Read More »

AKD Securities Limited Equity Research – Daily Report

Karachi, January 15, 2018 (PPI-OT): Autos: Strong balance sheet = stronger investment case Underpinning strong earnings quality (FCFE/sh upon reported EPS ratio at 0.7x for the industry), we study the underlying asset quality measures (industry days inventory/current ratio of 6.5/2.1x for 2018) for at INDU and PSMC. Looking back, we highlight the relatively low drag on cash flow generation from ... Read More »

Elixir Securities Limited -Elixir Grid

Karachi, January 15, 2018 (PPI-OT): KSE100 – Short-Term Up-Trend Setup The benchmark KSE 100 Index has carried on with its climb ever since breaking above the daily 100 EMA at 41,424 convincingly on January 3rd 2018 (Chart #1). Index is now moving above an ascending trend-line connecting the lows of price action on weekly charts (Chart #2). However, at this ... Read More »

JS Securities Limited – Pakistan Market: Technical Outlook

Karachi, January 15, 2018 (PPI-OT):KSE-100 – Corrective trend ahead; ‘Sell on Strength’ The KSE-100 index extended the decline to close at 42,934 (-462 points). Volumes stood at 239mn shares as compared to 319mn shares traded previously. The index is expected to revisit yesterday’s low of 42,754; where a fall below will open the way towards 42,395, followed by 41,511. However, ... Read More »