Archive for the Uncategorized Category

KASB Says KSE-100: Buy signal generated in the oversold region

Posted on March 24, 2011

The index registered a higher high and a higher low and in the process, gave the requisite confirmation of a bottom. The Stochastic Oscillator has generated a buy signal in the oversold region. Moreover, the RSI has also shown improvement which further supports the bullish view. We maintain our buy stance on the market. TD25-03-11

KASB Says: LOTPTA: Eyeing all-time high 1Q and volatility beyond that

Posted on March 23, 2011

As 1Q11 rears its end, we are increasingly bullish on LOTPTA declaring all-time high earnings of PRs1.4/sh due to strong primary margins during in the period. The disastrous earthquake and tsunami affecting Japanese PX supply and planned turnarounds in PTA plants during Mar-Apr should inflate prices and volatility in primary margins for 2Q11E. While primary [...]

KSE-100: Formation indicates bottom; Indicators well oversold

Posted on March 23, 2011

The index registered a higher low and closed in the green. The resultant formation is indicative of a bottom however a confirmation is required. The Stochastic Oscillator continues to decline and is well oversold and is at a level from where it usually reverses. Moreover the RSI is has inched up thus supporting the bullish [...]

PAKISTANI CEMENT MAY GAIN MARKET IN INDIA

Posted on February 7, 2010

All Pakistan Cement Manufacturers Association, Maj Gen (retd) Rahmat Khan, Former Chairman APCMA, foreign exchange, Geo News, Pakistan exports, cement exports, Pakistani cement, india interested in pakistan cement

GLOBAL MARKETS ROUT HITS ASIA

Posted on February 7, 2010

HONG KONG: Mounting fears about parlous government finances in Europe hammered stock markets across Asia on Friday following New York”s worst finish since November. A global flight to safety lifted the dollar and depressed the euro, despite concern that US jobs data out later in the day would flag enduring weakness in the world”s largest [...]

US SEEKS ACCESS TO NUCLEAR PROGRAM OF PAKISTAN: JI

Posted on February 7, 2010

LAHORE: Ameer Jamaat-e-Islami Syed Munawwar Hassan has said US agenda tops creation of uncertainty in Pakistan so that it should have access to Pakistan’s nuclear program. He said she also looks all set to get our nuclear program declared unsafe in order to let international community have control over it. Addressing the gathering of the [...]

Azgard Nine to sell 24.99% stake in Pak-America Fertilizer

Posted on July 10, 2009

KARACHI: Azgard Nine Company Limited has announced to sell 24.99 per cent of its stake in Pak American Fertilizers. According to sources Azgard Nine will use the proceeds from sale in retiring its debts.

KSE finishes week on positive note

Posted on June 5, 2009

KARACHI: Karachi Stock Exchange (KSE) witnessed limited buying on Friday and the benchmark KSE-100 Index closed slightly up by 16 points to 6,894. The stock market started the day in green territory and the positive trend was seen throughout the two sessions on the last trading day of the week. The trade volume was recorded [...]

Pak, ADB signed Neelum-Jhelum project investment pact

Posted on June 5, 2009

ISLAMABAD: Pakistan and Islamic Development Bank (IDB) have signed $140 million investment pact for Neelum-Jhelum power project. Sources of Economic Affairs Ministry told Geo News that Memorandum of Understanding (MOU) has been signed in IDB executive board meeting. Pakistani ambassador has signed the MOU in Turkmenistan’s city Ashkabad.

PSO seeks gasoline up to 60,000T June/July

Posted on May 31, 2009

SINGAPORE: Pakistan State Oil (PSO) is seeking up to 60,000 tonnes of gasoline for June-July delivery, a tender document showed on Monday, the latest of tenders over recent months which traders said were to plug a production gap. PSO, which is not a regular gasoline importer, is looking to buy 30,000 tonnes of 87-octane grade [...]

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