AMCAP Securities Private Limited

03/02/2017

Board Meetings Next week Feb 06 - 09, 2017

03/02/2017

Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 4.29% on a weekly basis on January 27, according to data released by the central bank on Thursday.

The SBP’s liquid foreign exchange reserves decreased by $789.7 million to $17,593.8 million compared to $18,383.5 million in the previous week. Total liquid foreign reserves held by the country, including net reserves held by banks other than the SBP, stood at $22,434.9 million. Net reserves held by banks amounted to $4,841.1 million. The decrease is mainly attributed to external debt servicing, including $500 million loan repayment to State Administration of Foreign Exchange (SAFE), China.

19/01/2017

Arif Habib Group, one of the largest private-sector conglomerates in Pakistan, has said that it is going to invest Rs25 billion (or $235 million) in a new cement plant that will be completed in the next two years.

The new plant will take the installed capacity of Power Cement to 3.37 million tons from its current capacity of just 0.9 million tons.

17/01/2017

Over 78% American companies are committed to investing more in Pakistan over the next 12 months, up 13 percentage points compared with 65% in last year, according to a perception survey conducted by the American Business Council (ABC) of Pakistan (ABC).

According to the survey results, the main reason behind the positive trend is the improved security situation of the country. The survey reveals a significant improvement of over 30% in perception of security-related matters compared with last year.

17/01/2017

Fauji Meat Limited, a subsidiary of Fauji Fertilizer Bin Qasim Limited (FFBL), officially commenced commercial operations on Monday, Revenue collection were recorded to an estimate of Rs1 billion in the first nine months of operations. FML commenced commercial operations in April 2016. This is one of the world’s largest meat processing and exporting plant established at the cost of $75 million.

06/01/2017

According to data released by All Pakistan Cement Manufacturers Association, domestic cement sales grew 11.07% in the first half of current fiscal year compared to dispatches in the same period of previous year. Exports, however, fell 3.53% in July-December 2016.

Overall, cement sales rose 8.65% and reached 19.81 million tons in the first half (July-December) of current fiscal year 2016-17.

06/01/2017

In Pakistan, the growth trend indicates that in the next two years the Cement current production capacity of 46 million tons will be insufficient to meet domestic demand. The industry is making massive investments to add new capacities. Encouraged by consistent domestic demand and government’s focus on a host of infrastructure projects, the cement industry has planned to increase its capacity by 26.25 million tons over the next two to three years to support a smooth growth of the national economy.

02/01/2017

KSE-100 Index Performance over 5 years

02/01/2017

01/01/2017

Wishing you all A very Happy New Year....

28/12/2016

PSX is trading at All-time High level.