AKD Securities Limited – Stock Smart

Karachi, May 03, 2019 (PPI-OT): Weekly Review Continuing to price-in increased macro risks, event based factors and general slag in earnings growth witnessed during the outgoing results season, the KSE-100 index closed at 36,123pts, down 2.7%WoW taking the market into the red for CY19TD (-4.9%CYTD). Key news flows during the week included: 1) amidst ongoing […]

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AKD Securities Limited Equity Research – Daily Report

Karachi, May 03, 2019 (PPI-OT): Pakistan OMC’s: Spring for some, winter for others Apr’19 volumetric offtake clocked in at 1.7mn tonnes, moving +14%MoM/-11%YoY with FO sales continuing to crater, albeit at a lessening pace (+48%MoM/-26%YoY), while MO-GAS/HSD offtake shifted +5/+13%MoM and +4/-16%YoY. Cumulative 10MFY19 volumes amounted to 15.2mn tonnes, receding 24%YoY exhausted by weak power […]

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Jazz seeks High Court injunction regarding spectrum license renewal

Karachi, May 03, 2019 (PPI-OT): Jazz has petitioned the Islamabad High Court to ensure that its existing spectrum license continues until equitable and fair renewal terms and conditions are finalised with the Government of Pakistan. Jazz seeks to ensure that it’s 58 million telecom, broadband, and mobile financial customers have continuous service. The digital backbone […]

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