Web Desk
Karachi, January 11, 2018 (PPI-OT): Autos: Record sales in 2017 as Dec volumes increase 20% YoY; profits to rise as well As per PAMA data, auto sales (total Cars and LCVs) in Dec-2017 stood at 19,237 units, registering a growth of 20% YoY and taking cumulative sales in full-year 2017 to an all-time high of…
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Karachi, January 11, 2018 (PPI-OT): Silver Technical Silver markets gapped lower at the open on Wednesday, drifting down towards the $16.90 level, but we had seen quite a bit of bullish pressure, breaking above the $17 level rather handily as the Americans came aboard. I believe that we will probably see a short-term pullback, but…
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Karachi, January 11, 2018 (PPI-OT): Crude Oil Technical The WTI Crude Oil market looks likely to continue to go sideways, perhaps with a slight negative bias, as we have gotten a little bit overextended on the short- term charts. Regardless, I believe that the markets will be looking to rally on dips, as value hunters…
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Karachi, January 11, 2018 (PPI-OT): Gold Technical Gold markets have shot much higher initially during the trading session on Monday, reaching above the $1325 level. We have rolled over since then, and it looks as if the $1325 level is going to offer significant resistance. A break above there is a very strong sign. At…
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Karachi, January 11, 2018 (PPI-OT):We Towel Manufacturers Association of Pakistan hails the timely decision of the Government of Pakistan elevating Mr. Haroon Akhter Khan on the position of Federal Minister for Revenue. Indeed it is in recognition of his acumen and expertise in the revenue and economic affairs. We look forward to work with the…
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Karachi, January 11, 2018 (PPI-OT):State Bank of Pakistan conducted its Open Market Operation, Reverse Repo (Injection), in following contracts on January 11, 2018. Quotes received and accepted are as given below: A: OMOs NO OMO Tenor Range Number of Quotes Offered a 01 Day (Injection) 5.87% – 5.83% 11 B: OMO RESULT (Rs. in…
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Lahore, January 11, 2018 (PPI-OT):Chairman/Founder of LPG Industries Association of Pakistan (LPG Chamber of Pakistan) and Chairman LPG Distributors Association Pakistan, Mr. Irfan Khokhar told that LPG importers have made rock solid decision to stop LPG import on February 1st, 2018. Approximately 50000 to 60000 MT LPG is required per month in next 2 months…
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