AKD Securities Equity Research – Pakistan Economy: CA surplus – An unusual trend

Karachi, May 19, 2015 (PPI-OT): Pakistan’s current account seems to be following an unusual trend where Jul-Apr’15 CAD has clocked in at US$1.36bn, nearly half the level seen in the same period in FY14, after recording a surplus of US$275mn in April’15. The downtrend has primarily been on the back of 1) receipt of US$717mn …

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AKD Securities Equity Research – Market Summary

Karachi, May 19, 2015 (PPI-OT): Bearish spell continued at local bourse. Trading remained dull at local bourse Bearish spell continued at local bourse. Trading remained dull at local bourse as the volume dried up, courtesy to lack of strong trigger coupled with uncertainty about the Budget for2015-16. Better result announcement and exciting future outlook kept …

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AKD Securities Equity Research – Pakistan weekly update

Karachi, May 15, 2015 (PPI-OT): Weekly Review The market saw considerable volatility in the outgoing week, where the KSE‐100 index lost 1.46%WoW owing to concerns about the budget FY16. Although average traded volume rose by 2.05% WoW in average traded value suggest the investors shied away from taking bigger positions. However, improvements on the macro …

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AKD Securities Equity Research – Trigger Shark

Karachi, May 12, 2015 (PPI-OT): Correction Resumes Short‐Term: Shocking many complacent bulls, the benchmark KSE breached its minor averages through an extremely weak line yesterday to settle around the 55‐day average (32,590). Immediate support placed within 32,370 — 32,164 levels may allow a temporary relief with limited upside up to 33,000 level. However, the short‐term …

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