KSE shrugging off the negativity to maintain ascent – KASB Research
By: KASB Securities Ltd.
Barring a bump on the first day (-0.5%) due to poor law and order situation over the weekend, it was largely one-way traffic in the shortened week. Net gains accrued to 1.6% WoW while average vols/values each receded by 15% WoW.
CCP’s decision to nullify the ICH and impose fines on LDI operators was a key event while fortunes for the energy chain hung in the balance over conflicting reports on release of funds.
Pakistan Tobacco Co, Pak. Int. Cont. Ter. Ltd., Rafhan Maize, TPL Trakker Ltd and Hum Network Limited were the major gainers while TRG Pakistan, Jahangir Siddiqui & Co, National Bank, Murree Brewery and P.T.C.L. major losers in the benchmark KSE-100 this week.
News This Week
- Urea sales +30% YoY, DAP sales +83% YoY during 1Q13
- FFC posted 27% EPS growth in 1Q13
- Government reduced POL prices effective May 1st 2013