Web Desk
Karachi, January 16, 2018 (PPI-OT): Closing Bell – Resumes gains after a three-day hiatus Pakistan Equities resumed gains on Tuesday after a three-day hiatus with benchmark KSE100 finishing a stone’s throw away from 43K level, up 592 points or 1.4%. Market opened on a positive note and traded higher during the day as sentiments were…
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Karachi, January 16, 2018 (PPI-OT): MCB: 4Q2017E growth to surpass peers, ‘Buy’ with TP of Rs252 We expect MCB Bank (MCB) to post earnings of Rs25.39bn (EPS: Rs21.42) in 2017, 16% YoY higher primarily on the back of lower effective tax rate of 29% as the bank had recorded a tax adjustment in 2Q2017. In…
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Karachi, January 16, 2018 (PPI-OT): Silver Technical Silver markets were noisy during the opening hours of Monday, but then settled near the $17.30 level. Ultimately, silver looks bullish, as we should continue to see buyers going forward, giving us an opportunity to buy dips based upon value. The anti-US dollar sentiment should continue to be…
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Karachi, January 16, 2018 (PPI-OT): Crude Oil Technical The WTI Crude Oil markets have pulled back just a bit, testing the 24-hour exponential moving average. However, we rallied from there and trying to reach towards the $65 level. If we can finally break above there, the market should continue to go much higher, but in…
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Karachi, January 16, 2018 (PPI-OT): Automobile Assembler – Earnings revised on price hike; INDU stands out amongst its peers Following PKR deprecation against USD by 5% in Dec-17, auto manufacturers have increased the prices of their units to reflect rise in imported costs For INDU, the price hike during the fiscal year will result in…
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Karachi, January 16, 2018 (PPI-OT): Gold Technical The gold markets have rallied a bit during the trading session on Monday, but keep in mind that the market is thin due to Americans celebrating the Martin Luther King Jr. birthday. Because of this, volume is an issue and is very likely that the moves will be…
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Islamabad, January 16, 2018 (PPI-OT):After the successful organization of PEOC-2016 and 2017, PEOC is being organized once again in Karachi on 20th January 2018. This Conference is being organized by all the Four Associations which are related to Edible Oil / Oilseed and Soap Industry, namely, PVMA, APSEA, PEORA, and PSMA. This Conference is indeed…
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