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OGDCL’s share price has been bruised by two key factors of late, and both do not seem be fading away immediately; International crude oil prices are at multi-year low, while the privatisation of the E&P firm is still pending given the glitches it has been facing recently.
Talk of turnarounds and National Bank of Pakistan (KSE: NBP) has managed a big one. The top line story remains the same almost with every big bank and NBP is no exception. The formula is simple. There is a willing borrower, ready to pay you lucrative rates on risk-free lending. You would simply do your job i.e. invest more and more in long-term government securities.
PSO’s latest financial performance slipped slightly, and it all started at the top. It has been a long time since Pakistan State Oil has witnessed a decrease in its revenues. In FY14, PSO’s top line growth was highlighted by better volumetric sales and better product margins. However, the oil marketing company did not open FY15 well as sales dropped by five percent year-on-year.
Not very long ago, a dip of any sorts in Fauji fertilizer Company’s (KSE: FFC) profits was unthinkable. It is now a reality. Urea off-take has not been impressive to say the least. FFC faced slight dip in urea sales during the 9MCY14 period, but this is not the primary concern. FFC has had many such dips resulting in profit increase, but times have changed – big time!
Analysing banking sector financial results has of late become a monotonous job. You can just simply replace a few numbers, insert Bank Alfalah (KSE: BAFL) in place of any similar-sized bank and your job is done. The story is similar – most of the deposit growth parked in longer term government securities, advances kept in check, deposit-mix rationalised, non-core income improved – and you have pretty healthy after-tax profits.
Historically, Nishat Power Limited’s margins have been on an upward journey even during the toughest times. And when power sector is in a deplorable state again, the firm has posted a hefty increase in its earnings for 1QFY15.
HUM Network Limited’s (KSE: HUMNL) mounting fame in recent years hasn’t gone unnoticed. Its success is penned all over its financial statements while its sky-rocketing rise on local bourse has baffled many. To recall, in FY14, the company flaunted a phenomenal profitability growth of 98 percent year-on-year. And the start of FY15 has continued to be promising with its bottom line boasting a growth of 33 percent in 1HFY15.


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln