The week marked with political hustle and bustle where son of Chief Justice face corruption charges allege by the real estate giant. Furthermore US envoy left the country empty handed suggesting the government was unable to develop consensus to open NATO supply route …(on page 02)
PPL - Ripe For Re-Rating
Amidst deepening global slump that triggered the recent downturn in international oil prices and precipitous depreciation of PKR against the green back, PPL offers diversification benefit. With greater exposure to gas based revenues, impact of adverse movement in oil price is partly mitigated since the sales derived from gas still constitute 70% of the revenue pie. …(on page 03)
Auto Volumes Maintain Stable Trajectory - 11MFY12
The latest PAMA statistics depicted automotive sales maintaining 15%YoY growth in 11MFY12 to 159,975 units, with PSMC leading the pack with its 31%YoY volumetric improvement. Passenger car sales are 12% above last year’s numbers while the LCV & Jeeps segment continues to support overall volumetric growth with 26%YoY gains. In comparison to the same month last year, automotive sales remain ↑26%. …(on page 05)
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