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From the highs of the secondary public offering in July 2014 and strong operational performance and history, Pakistan Petroleum Limited (KSE: PPL) was expected to rock at the stock market in the times to come. But who knew that the crude oil prices would actually prove a hurdle. The E&P firms share price tagged along the sliding international crude oil prices.
Just two months ago, investors were seen flocking at Ferozsons stock counters as if there was no tomorrow! Led by the staggering demand, its stock price kissed a high of Rs675 per share with its average monthly turnover soaring by over five times during December 2014. Surely, those who managed to get their hands on the stocks must now be standing in good stead. But, the madness seems to be losing steam these days.
Perhaps the notion depicted by Economic Freedom Index 2015 - published annually by the Wall Street Journal and the Heritage Foundation and as painful as it may sound, Pakistan is classified as a mostly unfree country in the index, resting below the worldly and regional averages.
One sector that should benefit from declining crude oil prices is the domestic oil refining business. Continued weakness in oil prices brings improvement in gross refining margins - critical factor for refineries where their volatile nature has affected the profitability of the sector recently.
Haier, is bringing Chinese innovation to global management practices. Earlier this month, the company celebrated its 30 years of success in the serene and colourful town of Qingdao and BR Research was present there to observe the evolution of Chinese corporate culture through Haier's lens.
Shareholders are selling Pakistan Oilfields Limiteds (KSE:POL) shares relentlessly as the stock has painfully underperformed the benchmark since September 2014 - the time when receding crude oil prices started gaining full pace. And this has been the key factor in the exploration and production firms financial performance in first six month of the ongoing fiscal year.
Attock Cement (ACPL) surprised the market with a higher than expected dividend payout, even as the companys top line growth skirted just below analysts predictions.
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Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln