Web Desk
Karachi, January 04, 2018 (PPI-OT): Closing Bell – Key Sectors Lead Gains! Pakistan equities surged again Thursday on institutional buying in key sectors that led to Benchmark KSE100 Index settling higher over 41,900 mark. Market opened positive as Oils led early gains following overnight rise in global crude after US reported larger than expected drop…
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Karachi, January 04, 2018 (PPI-OT): Autos: Sales likely to grow by 17% YoY in Dec-2017 We preview auto sales for Dec-2017, where we expect volumes (Passenger Cars + LCVs) to grow by 17% YoY to 18,760 units. We expect Honda Atlas Cars (HCAR) to outperform sector growth, with 32% YoY rise in unit sales during…
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Karachi, January 04, 2018 (PPI-OT): Silver Technical The Silver markets continue to be very volatile, but breaking above the $17 level was a very strong sign, and therefore I think that the market is ready to continue going higher. Perhaps we go to the $17.50 level above, which is resistance, and it could take a…
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Karachi, January 04, 2018 (PPI-OT): Crude Oil Technical The WTI Crude Oil market initially went sideways during the trading session on Wednesday, but then shot towards the $61.50 level above. The market looks likely to roll over from here though, because we have seen so much in the way of an overextension. A pullback should…
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Karachi, January 04, 2018 (PPI-OT): Gold Technical Gold markets continue to be choppy, but I think we will continue to go to the upside, perhaps looking towards the $1325 level above, and then eventually the $1350 level. I think that pullbacks offer value, as the US dollar continues to fall in general. That translates to…
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Karachi, January 04, 2018 (PPI-OT): Oil and Gas Marketing Companies – FO Turmoil Drags Total Volumes Down in Dec-17; Lower Refining Takes a Toll on Other POL Products Industry volumes for oil marketing companies witnessed a decline of 11%YoY to 1.87mnTons during Dec-17 bringing industry volumes for 1HFY18 to 13.17mnTon up by meagre +1%YoY. To…
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Karachi, January 03, 2018 (PPI-OT): Provisional Urea and DAP off-take numbers for Dec-2017; urea inventory likely to drop to 232k tons As per our channel checks, domestic Urea sales in Dec-2017 are expected to clock at ~750k tons, down 16% YoY but up 24.5% MoM. This off-take attrition on a YoY basis can be attributed…
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