Morning Briefing

Feb 06, 2012

Market Overview

The market experienced a minor rebound on Friday. The KSE-100 Index gained 52 points to close at 11,982 on the back of 130m shares exchanging hands. Most of the activity was concentrated in the Chemicals, Construction & materials, Personal goods and Financial services sectors. The top gainers according to Index points were OGDC, NESTLE and HBL; likewise the top decliners were FFC, ULEVER and NBP.
We advise investors to hold onto their positions. .

Inside: Pakistan State Oil- 2QFY12 Preview

News Snapshots

• Pakistan-Indonesia sign much-awaited PTA
• FDI falls 63.6% in first half of FY12
• CDNS collects Rs 104b investments in 7 months
• Election year: Government considers 20% increase in PSDP budget
• Government in hot water over fiscal deficit
• Looming default: PSO asks government to immediately release Rs 150 billion