AKD Securities Limited – Stock Smart (13-09-2019)

Karachi, September 13, 2019 (PPI-OT): Weekly Review Coming-off from holidays, KSE-100 index continued with the previous week’s trend gaining 3.3%WoW to close at 31,481pts. T-Bill Auction (where 12M yield declined by 31bps) seeded market expectations of a cut in discount rate (AKD expects ‘Status Quo’ in the upcoming monetary policy), providing critical catalyst for market […]

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AKD Securities Limited Equity Research – Daily Report (13-09-2019)

Karachi, September 13, 2019 (PPI-OT): Pakistan Autos: Sales are ‘up in smoke’ Aug’19 total automotive industry sales stood at 10,503 units down 20%MoM/43%YoY pulled lower by 17%MoM/41%YoY dip in passenger car (PC) sales to 9,126 units, 33%MoM/53%YoY decline in LCV offtake and 41%MoM/61%YoY fall in Truck sales, concluding five months of consecutive sales decline for […]

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Pakistan to host ICCIA meetings in Karachi in November 2019: Secretary General ICCIA

Karachi, September 13, 2019 (PPI-OT): Yousef Hasan Khalawi, Secretary General Islamic Chamber of Commerce, Industry and Agriculture (ICCIA) visited FPCCI Head Office on 13th September 2019 and met Former Chief Executive TDAP and Former President FPCCI S.M. Muneer, Senior Vice President FPCCI Dr. Mirza Ikhtiar Baig, Vice Presidents FPCCI Muslim Mohamedi and Noor Ahmed Khan, […]

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