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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.
Guess who is raking up shares in Bank of Khyber (BoK). According to successive notices on Karachi bourses website, Ismael Industries Ltd has bought 23.4 million shares in BoK from the open market in the month to date and from what it appears they have their eyes set on another 135 million shares in the bank. Here is why?
Commercial bankers would tell you they are being prudent and conservative on depositors money if you tag them lazy. Many a bankers BR Research met opined they would rather keep the current asset composition than go for aggressive private sector lending. The deposit costs are low, spreads sizeable, so there is hardly a need to fix it when it ain't broke.
As expected, Attock Petroleum Limited's (KSE:APL) financial performance for 1HFY15 is overwhelmed by the effects of sliding oil-price scenario. With weaker volumetric sales and reduced margins of petroleum products restricting growth in APLs revenues, exorbitant inventory losses dampened the earnings of the oil marketing company in the wake of dwindling crude oil prices.
Sales of Honda Atlas Cars dropped marginally in the nine months ended December 2014. Yet the company has managed to book a sizeable jump in its net profit, all thanks to a crumbling cost of production.
Domestic cement prices rallied in the Jul-Dec 2014 period and Maple Leaf Cement (MLCF) emerged as one of the key beneficiaries of higher demand within the country. According to the half yearly accounts posted by the company at KSE, the top line saw an improvement of 9.4 percent during 1HFY15. Gross margins also registered a slight up tick during the period, mainly due to lower coal and fuel prices.
The government is passing on the power transmission and collection inefficiencies to those consumers who actually pay their electricity bills. Obviously, this is far from ideal as good consumers (who pay their bills) are made to suffer on account of bad consumers. But, the reality is different as the power sector subsidies are becoming too high and the principle decision, in line with IMFs direction is to increase tariffs in a staged manner to slash the subsidies.


Index Closing Chg%
Arrow DJIA 18,132.70 0.45
Arrow Nasdaq 4,963.53 0.49
Arrow S&P 2,104.50 0.30
Arrow FTSE 6,946.66 0.04
Arrow DAX 11,401.66 0.66
Arrow CAC-40 4,951.48 0.83
Arrow Nikkei 18,797.94 0.06
Arrow H.Seng 24,823.29 0.32
Arrow Sensex 29,220.12 1.65

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $15.944 bln