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Its not exactly a wheels-falling-off-the-wagon scenario, but the manufacturing sector is exhibiting a visible slowdown. The MCBs bimonthly Purchasing Manager Index (PMI) for September shows that the index has contracted by nearly 4 points over July 2014. A confluence of factors - post-Ramazan slowdown, floods-related logistics chasms and political instability - are seen as major reasons behind this.
It is nice to set your goals high - even nicer to set them realistically high, if not ambitiously high. The first Treasury-bill auction of second quarter FY15 fetched only Rs36 billion, against a target of Rs150 billion. And it came as no surprise; the market was not expected to suddenly start participating in short-term papers.
Land reforms keep popping up in drawing room conversations. But for a host of reasons the impact of Pakistan's yesteryear land reforms still appears unclear, which makes it difficult to have an informed discourse on the subject.
How long will see this see-saw movement continue at the Karachi Stock Exchange? The short answer is: as long as it takes to build enough momentum for the benchmark index to break through its recent highs.
It would be a surprise if Pakistan where spending on health is miniscule is among the countries that the best ones to age in. Global AgeWatch Index has released its 2014 rankings for 96 countries studying the situation of older people on the world, and Pakistan stands at number 91.
In the oil world, geopolitical risks seem to have taken a backseat - at least for now - and the focus is shifting to the growing crude oil surplus. Crude oil prices have slithered to a multi-year low. In 2014 so far, West Texas Intermediate (WTI) is around four percent down, whereas Brent crude oil has slipped by 12 percent in the same period.
As expected, September inflation clocked in on the higher side, closing in at 7.68 percent year-on-year. Having touched a 14-month low in August, the low base effect was expected to push CPI slightly higher. CPI in the first quarter has averaged 7.6 percent, well within the FY15 estimations of 8-8.2 percent.


Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
Arrow S&P 1,994.65 0.62
Arrow FTSE 6,463.55 0.15
Arrow DAX 9,114.84 0.35
Arrow CAC-40 4,141.24 0.74
Arrow Nikkei 15,658.00 1.67
Arrow H.Seng 23,702.04 1.49
Arrow Sensex 27,346.33 0.92

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln