IMS Day Wrap – Fight Club!
“It’s only after we’ve lost everything that we’re free to do anything.” – Tyler Durden
With the obnoxious rumors hitting the dance floor once again the bears had the edge to start the day stretching but were unable to gain much traction as buyers regrouped confidence & as the day progressed the index managed to settle at 33,934.04 level. What a recovery hats off to the brave not a frenzy buying spree but it made it exactly pretty much where we left yesterday (-24.08) points.
The Sui’s came back in the limelight and bounce back on the back of news reports that Oil and Gas Regulatory Authority has increased the Unaccounted for Gas (UFG) benchmark for Sui Companies (SSGC & SNGP) from existing from 4.5% to 7% and once again SSGC managed to grab 11.2mn shares. Banks, Autos, Constructions, Healthcare & Consumer Discretionary were the winners whereas Chemicals, Energy, OMC were let go.
Auto had to offer some goodies (Cars+ LCVs) came in at 19,729 units (+56%YoY) in Oct’15 on robust 11th Generation Corolla sales and continued euphoria of Apna Rozgar scheme with HCAR disappointing in comparison on anticipation of new Civic model in 2016.
Moving forward we expect sanity to prevail with a short term rally aiming for 34,200 and rumors should be overruled and value should be hunted.
Looking After day to Day financial transactions, Reconciliation in QuickBooks, also Preparing different type of MIS Reports.
9 年Tariq Choudhry, The same way, as GoP was encouraging Pakistan Steel Mill. We will feed all those corp & Govt own companies, do not you worry, your tax money will be used most into these. even mine & others, You did not realized how NBP swindle 13 billion in Bangladesh operation, but GOP, MOF, ECC, SBP & NBP want's to continue the Bangladesh operation of NBP. Your tax money will not be waste, GOP will use it as much as you can afford to pay.
Certified Wealth Management Advisor CWMA - Senior Vice President & Senior Relationship Manager
9 年How can a Govt encourage gas theft to a company ??? Unheard of