Corporate Member of the Karachi & Islamabad Stock ... reports/15-10-30 Market Review... ·...

Corporate Member of the Karachi & Islamabad Stock Exchanges & the Pakistan Mercantile Exchange

Weekly Review – 30th October 2015

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Weekly Review –30th October 2015 Week 44 - 2015

________________ Contents

About Askari Securities Ltd ..................................................................................... 2

Do’s & Don’ts of Investments ................................................................................ 3

Market Snapshot........................................................................................................ 4

Corporate Actions ..................................................................................................... 5

Upcoming Board Meetings ...................................................................................... 7

Regional Stock Markets and Commodities Performance Review...................... 7

Stock Market Risk Level .......................................................................................... 8

Stock Market Liquidity Level .................................................................................. 8

Value Basket ............................................................................................................... 8

Sentiment Basket ....................................................................................................... 8

Market Commentary ................................................................................................. 9

Special Feature: Board Meeting Calendar – November 2015 .......................... 10

Red List Companies - Sector Wise ....................................................................... 11



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About Askari Securities Ltd Askari Securities Ltd. (“ASL”) is one of the fastest developing investment houses in Pakistan's Capital market, offering a wide range of investment services for institutions and retail clients. ASL is a member of the Karachi Stock Exchange, the Islamabad Stock Exchange and the Pakistan Mercantile Exchange. ASL is registered as a certified Mutual Fund Distributor with the Mutual Fund Association of Pakistan. ASL is a subsidiary of Askari Bank Ltd and the Army Welfare Trust. Askari Bank Ltd is a leading bank in Pakistan and is owned by the Fauji Foundation and it’s group of Companies. The Fauji Foundation and the Army Welfare Trust have launched companies, which are among the most renowned in Pakistan’s corporate arena. Askari Investment Management is a mutual fund management company which is wholly owned by Askari Bank Ltd. ASL’s success is built on its expanding presence in the market, service to the client, maturity in dealing with market situations and continuous evolution in services offered. For more information you can visit our office, website or simply contact us.



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Do’s & Don’ts of Investments The following is a list of Do’s and Don’ts that you should go through. It is aimed at helping you gain an insight into what one’s mental framework should be in the process of investments. The following have been observed time and again and are also based on empirical evidence.

Don’t try to beat the market. You simply can’t – moving sensibly with the market is good enough.

Explore the idea: Sell when the market is rising, Buy when the market is falling. This is an important way to make the best of price movements.

Don’t be greedy. When you are making a profit, book it and become ready to buy at lower levels.

Be ready to engage the market. If you are not ready, that opportunity will pass.

Don’t fear. Markets will dip and they will rise.

Be Patient. The market may make movements that are sudden, against your analysis or beyond your expectations – in all circumstances remain patient.

Buy good things and don’t expect bad things to outperform good things. When you buy a good security, the probability of it giving you a positive return is higher than a bad security.

Avoid deciding in a state of panic. Decisions taken while in a state of panic usually have bad results.

Don’t over trade. Avoid trading unnecessarily.

This is a game of averages. Success in investments is a function of averages.



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Market Snapshot 22-Oct-15 30-Oct-15 Change % Change

KSE 100 Index 33,954.98 34,261.60 306.62 0.90

Weekly Total KSE Volume: 825,915,890 Daily Avg.: 206,478,973

Daily Avg. KSE Traded Value: 11,601,806,517 Avg. Traded Val/Share: 56.19

Admajee Insurance 56.84 57.08 0.24 0.42

Allied Bank Ltd. 99.29 100.86 1.57 1.58

Arif Habib Corp 53.69 59.37 5.68 10.58

Askari Bank Ltd. 22.32 22.39 0.07 0.31

Attock Refinery 197.06 194.91 -2.15 -1.09

Attock Petroleum 519.29 518.00 -1.29 -0.25

Atlas Battery Ltd 755.01 788.00 32.99 4.37

Atlas Honda 344.85 358.33 13.48 3.91

Attock Cement 181.87 176.01 -5.86 -3.22

Azgard Nine 5.16 5.12 -0.04 -0.78

Bank Al-Falah 28.00 28.72 0.72 2.57

Bank Al-Habib Ltd 43.00 43.00 0.00 0.00

Bank Of Punjab 9.32 9.16 -0.16 -1.72

Biafo Industries 311.77 278.75 -33.02 -10.59

Archroma Pakistan Ltd 458.79 449.33 -9.46 -2.06

Colgate-Palmolive (Pakistan) Ltd 1369.86 1535.00 165.14 12.06

Crescent Steels & Allied Products 109.54 109.01 -0.53 -0.48

D.G.K.Cement 140.25 140.73 0.48 0.34

Dewan Cement 15.51 15.15 -0.36 -2.32

Dewan Salman 2.74 2.81 0.07 2.55

Engro Corp. 303.39 305.59 2.20 0.73

Engro Foods 153.33 149.70 -3.63 -2.37

Fatima Fert Co. 46.95 46.63 -0.32 -0.68

Fauji Cement 35.30 35.79 0.49 1.39

Fauji Fert Bin Qasim 59.95 58.18 -1.77 -2.95

Fauji Fertilizer Co. 125.77 125.51 -0.26 -0.21

Gatron Industries 137.70 137.70 0.00 0.00

Ghani Glass 118.47 123.42 4.95 4.18

Habib Bank Ltd. 208.00 209.69 1.69 0.81

Hub Power Co. 102.69 104.26 1.57 1.53

Jahangir Siddiqui & Co. 21.77 21.56 -0.21 -0.96

J.D.W. Sugar Mills Ltd 315.00 330.00 15.00 4.76

ICI Pakistan 515.89 504.05 -11.84 -2.30

Indus Motor Co. 1070.95 1194.46 123.51 11.53

Karachi Electric Ltd. 7.31 7.57 0.26 3.56

Kot Addu Power Co. 85.87 84.67 -1.20 -1.40

Pak Cement Ltd 18.58 19.00 0.42 2.26

Lotte Chemical 6.91 6.76 -0.15 -2.17

Lucky Cement Ltd. 540.21 535.34 -4.87 -0.90

Maple Leaf Cement 69.56 71.05 1.49 2.14

Mari Gas Co. Ltd 427.46 420.52 -6.94 -1.62

MCB Bank Ltd. 243.35 244.87 1.52 0.62

Millat Tractors Ltd 608.76 583.00 -25.76 -4.23

National Bank 55.44 55.78 0.34 0.61

National Refinery Ltd. 230.46 230.64 0.18 0.08

Nestle Pakistan Ltd 9747.00 9225.25 -521.75 -5.35

NIB Bank 1.92 1.95 0.03 1.56

Nishat (Chunian) 37.87 38.36 0.49 1.29



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Nishat Chunian Power 55.93 58.77 2.84 5.08

Nishat Mills Ltd 103.07 102.93 -0.14 -0.14

Nishat Power Ltd. 55.26 57.90 2.64 4.78

OGDC 137.25 137.95 0.70 0.51

P.S.O. 318.84 337.47 18.63 5.84

P.T.C.L.A 17.95 17.61 -0.34 -1.89

Pak Oilfields 313.97 318.97 5.00 1.59

Pak Petroleum Ltd. 126.79 127.10 0.31 0.24

Pak Reinsurance Ltd 32.73 33.10 0.37 1.13

Rafhan Maize Products 9700.00 9700.00 0.00 0.00

Security Papers Ltd. 78.09 91.22 13.13 16.81

Service Industries Ltd. 860.00 873.28 13.28 1.54

Shahtaj Sugar Mills Ltd 68.93 68.93 0.00 0.00

Sui North Gas 35.27 34.93 -0.34 -0.96

Sui South Gas 39.23 38.11 -1.12 -2.85

TRG Pakistan Ltd. 36.51 37.13 0.62 1.70

Tri-Pack Films Ltd. 231.62 223.87 -7.75 -3.35

United Bank Ltd. 163.55 164.12 0.57 0.35

Unilever Pakistan Food 7149.00 7120.00 -29.00 -0.41

Corporate Actions

Company Name Payouts EPS (Rs.) Book Closure

Ghandha Nissan Limited 10% (I) 2.65 04.11.2015

Saif Power Limited 7.50% (III) 3.92 06.11.2015

Allied Bank Limited 17.50% (III) 10.36 06.11.2015

Pakistan Int’l Container Terminal Limited 60% (III) 15.99 07.11.2015

MCB Bank Limited 40% (III) 18.16 11.11.2015

Habib Bank Limited 35% (III) 18.48 11.11.2015

Oil & Gas Development Company Limited 15% (I) 4.25 11.11.2015

Bata Pakistan Limited 510% (I) 137.88 11.11.2015

Nishat Chunian Power Ltd 20% (I) 2.376 13.11.2015

Resham Textile Industries 7% (F) 2.87 13.11.2015

Indus Motor Company Ltd 200% (I) 37.33 14.11.2015

Nishat Power Limited 10% (I) 2.625 16.11.2015

Ghani Glass limited 40% (F) 12.78 17.11.2015

Pakistan Tobacco Co. Ltd 60%(I) 24.78 18.11.2015

Biafo Industries Limited 25% (I) 4.32 18.11.2015

Nishat Mills Limited 45% (F) 11.13 24.11.2015

Al-Ghazi Tractors Limited 600% (II) 23.17 26.11.2015

Fauji Fertilizer Co. Ltd. 27.50% (III) 9.39 04.12.2015

Engro Fertilizers Limited 15% (II) 7.45 04.12.2015

United Bank Limited 30% (III) 15.74 04.12.2015

Engro Corporation Limited 50% (III) 19.96 08.12.2015

Ghani Glass Limited 20% (I) 2.46 23.12.2015

Pak Suzuki Motor Co Ltd. ----- 51.52 -----

Avanceon Limited ----- 1.75 -----

JS Investments Limited ----- 1.98 -----

Kot Addu Power Co. Ltd ----- 2.39 -----

Shell Pakistan Limited ----- 1.73 -----

Pakistan Refinery Limited ----- (2.28) -----



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Attock Cement Pakistan Ltd ----- 4.20 -----

Arif Habib Limited ----- 2.40 -----

Pakistan Telecommunication Co. Ltd ----- 1.56 -----

Highnoon Laboratories Ltd ----- 14.67 -----

Millat Tractors Limited ----- 6.77 -----

Thatta Cement Co. Ltd. ----- 1.17 -----

GlaxoSmithKline Pakistan ----- 6.20 -----

National Bank of Pakistan ----- 5.69 -----

Standard Chartered Bank (Pakistan) Ltd. ----- 1.94 -----

Lotte Chemical Pakistan ----- (0.33) -----

Cyan Limited ----- 6.65 -----

Murree Brewery Co. Ltd. ----- 9.12 -----

ICI Pakistan Limited ----- 5.14 -----

Security Papers Limited ----- 3.32 -----

Pak Elektron Limited ----- 2.75 -----

Adamjee Insurance Co. ----- 6.23 -----

Unilever Pakistan Foods Ltd ----- 146.33 -----

Jahangir Siddiqui & Co. Ltd ----- 3.62 -----

JS Bank Limited ----- 0.86 -----

D. G. Khan Cement Co. ----- 3.93 -----

Pakistan State Oil Co Ltd. ----- 11.97 -----

Arif Habib Corporation ----- 5.60 -----

Shifa International Hospitals Limited ----- 2.98 -----

Fauji Fertilizer Bin Qasim ----- 1.01 -----

JS Global Capital Limited ----- 3.74 -----

Treet Corporation Ltd ----- 0.62 -----

AkzoNobel Pakistan Ltd ----- 8.55 -----

Fauji Cement Co. Ltd. ----- 0.83 -----

Crescent Steel & Allied Products ----- 2.07 -----

Lucky Cement Limited ----- 9.18 -----

Systems Limited ----- 2.95 -----

The Bank of Punjab ----- 2.37 -----

Hascol Petroleum Limited ----- 7.49 -----

Dewan Cement Limited ----- 0.35 -----

Dewan Farooque Motors Limited ----- (0.29) ----- Engro Polymer & Chemical ----- (1.23) -----

Meezan Bank Limited ----- 3.94 ----- Mari Petroleum Company Limited ----- 13.32 ----- Askari Bank Limited ----- 3.23 -----

The Searle Company Ltd. ----- 5.94 -----

Pakistan Oilfields Limited ----- 5.95 ----- Engro Powergen Qadirpur Limited ----- 4.32 -----

Descon Chemicals Ltd ----- 0.03 ----- Kohinoor Textile Mills ----- 1.54 ----- Sitara Chemical Industries Limited ----- 9.60 ----- NIB Bank Limited ----- 0.17 ----- Dawood Lawrencepur Ltd ----- 11.93 ----- Dawood Hercules Corporation Limited ----- 44.40 -----



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Pakistan Petroleum Ltd ----- 2.98 ----- National Foods Limited ----- 2.86 ----- Engro Foods Limited ----- 3.39 ----- Habib Metropolitan Bank ----- 5.72 ----- Ferozsons Laboratories ----- 23.07 -----

*(Consolidated) ** (Unconsolidated),

Upcoming Board Meetings

Company Name Date / Day Time

Johnson & Phillips (Pakistan) 31.10.2015 Saturday 10:00 a.m.

Quice Food Industries Limited 31.10.2015 Saturday 11:00 a.m.

EFU Life Assurance Limited 31.10.2015 Saturday 11:00 a.m.

Agriauto Industries Limited 31.10.2015 Saturday 11:30 a.m.

EFU General Insurance Ltd. 31.10.2015 Saturday 01:00 p. m.

Flying Cement Company ltd 31.10.2015 Saturday 01:00 p. m.

Amtex Limited 31.10.2015 Saturday 03:30 p.m.

Azgard Nine Limited 31.10.2015 Saturday 04:00 p.m.

Tri-Star Polyester Limited 31.10.2015 Saturday 04:30 p.m.

Wah Nobel Chemicals Ltd 03.11.2015 Tuesday 09:30 a.m.

Hallmark Insurance Co. Ltd. 03.11.2015 Tuesday 11:00 a.m.

Regional Stock Markets and Commodities Performance Review

Regional Markets Country Last Level Daily %

WTD % MTD % CYTD %

KSE-100 Index Pakistan 34,262 (0.21) 0.93 6.11 6.63

BSE-30 SENSEX Index India 26,657 (0.68) (2.96) 1.92 (3.06)

DSI Index Bangladesh 4,564 0.00 (1.79) (5.93) (6.18)

CSE All Shares Index Sri Lanka 7,042 (0.40) (0.56) (0.12) (3.52)

SSE Composite Index China 3,383 (0.14) (0.88) 10.80 4.57

NASDAQ Dubai UAE 20 Index U.A.E 3,317 0.00 (3.58) (4.98) (12.15)

Commodities

Brent Crude Oil ($/bbl) 49.10 0.61 3.32 1.51 (14.36)

Gold ($/oz.) 1,145.00 (0.20) (1.60) 2.64 (3.30)

Silver ($/oz.) 15.54 (0.10) (1.93) 7.01 (0.41)

In $ Millions

Foreign Investors Portfolio Invest. (FIPI) Pakistan (6.73) (20.15) (48.24) (226.00)

Source: Indices Website, Chicago Mercantile Exchange (CME), FIPI as of 29/10/2015, DSI Index & NASDAQ Dubai Closed on Friday.



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Stock Market Risk Level

Low Moderate High Stock Market Liquidity Level

Low Moderate High Value Basket Allied Bank Ltd (“ABL”)

Attock Cement Pakistan (“ACPL”)

Adamjee Insurance Co. (“AICL”)

Attock Petroleum(“APL”)

Atlas Battery (“ATBA”)

Atlas Honda (“ATLH”)

Bank Al-Habib (“BAHL”)

Biafo Industries (“BIFO”)

Colgate-Palmolive Pakistan (“COLG”)

Clariant Pakistan (“CPL”)

Engro Corporation (“ENGRO”)

Fauji Fertilizer Co. (“FFC”)

Fauji Fertilizer Bin Qasim (“FFBL”)

Gatron Industries (“GATI”)

Ghani Glass (“GHGL”)

Habib Bank (“HBL”)

Hascol Petroleum (“HASCOL”)

Hub Power Co. (“HUBC”)

ICI Pakistan (“ICI”)

Indus Motor Co. (“INDU”)

J.D.W. Sugar Mills (“JDWS”)

KotAddu Power (“KAPCO”)

Lucky Cement (“LUCK”)

Mari Petroleum. (“MARI”)

MCB Bank (“MCB”)

Meezan Bank (“MEBL”)

Millat Tractors (“MTL”)

National Bank of Pakistan (“NBP”)

Nestle Pakistan (“NESTLE”)

Nishat Chunian Power (“NCPL”)

Nishat Mills(“NML”)

Nishat Power (“NPL”)

Oil & Gas Dev. Co. (“OGDC”)

Pak Oil Field (“ POL”)

Pak Petroleum (“PPL”)

Pak State Oil (“PSO”)

Pak Telecommunication (“PTC”)

Pak Tobacco (“PAKT”)

Rafhan Maize Product (“RMPL”)

Security Papers (“SEPL”)

Sui North Gas (“SNGP”)

Sui South Gas (“SSGC”)

Thal Ltd. (“THAL”)

Tri-Pack Films (TRIPF”)

United Bank (“UBL”)

Unilever Pakistan (“ULEVER”)

Unilever Food (“UPFL”)

Sentiment Basket

Arif Habib Corporation (“AHCL”)

Azgard Nine (“ANL”)

Attock Refinery (“ATRL”)

Bank Alfalah (“BAFL”)

Bank of Punjab (“BOP”)

Crescent Steel (“CSAP”)

D.G.K. Cement (“DGKC”)

Jahangir Siddiqui Co. (“JSCL”)

Karachi Electric (“KESC”)

Lafarge Pakistan (“LPCL”)

Lotte Pak PTA (“LOTPTA”)

NIB Bank Ltd. (“NIB”)

National Refinery (“NRL”)

Service Industries (“SRVI”)

Shahtaj Sugar Mills (“SHJS”)

Silk Bank Ltd. (“SILK”)

TRG Pak Ltd. (“TRG”)

Note: “Ltd.” excluded for the sake of brevity



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Market Commentary The KSE-100 Index ended this week at 34,262 gaining 307 points i.e.0.90% (last week: -0.03%) in this week. Daily total volumes for this week were 206 million shares (last week: 162 million shares). Risk is moderate and liquidity is moderate. Average traded price per share for this week was Rs. 56.19 (last: Rs. 50.61). China’s central bank cut interest rates for sixth time since November by 25 bps to 4.35% - due to a global slowness in demand economies are facing pressure which is expected to be eased by an expansionary policy. US and Pakistan’s meetings ended on mixed notes. The Pakistani PM said that the US said that it will support economic reforms and peace. Pakistan is to get $178 mln from the ADB on easy installments for 20 years. A Pakistan investment conference is to be held on 4th November in Islamabad. The ECC granted an extension up to 7th November regarding the 0.3% WHT for non-filers. The Tax reform committee advised that simple return filing should be done to encourage filers. Pakistan’s 1st quarter trade deficit narrowed by 76%. Foreign firms repatriated $359 mln in profits and dividends for the July to September period which shows a 52.6% increase (last: $236 mln). The Ministry of Commerce said that the export target of $35 bln which is to be achieved by 2018 is not possible without the help of stakeholders especially the Ministry of Finance. Forex reserves were at a $19.8 bln. The Pakistani Rupee was trading at Rs. 105.70 / $US at the end of the week and Rs. 104.55 / $US in the beginning of the week. Gold was trading at $1147 at the end of the week (week’s beginning: $1177.7), Silver was trading at $15.59 at the end of the week (week’s beginning: $15.96) and Crude Oil was trading at $45.91 at the end of the week (week’s beginning: $46.74). Going Forward The market has shown better volumes. Clients should buy in dips and capture dividend wherever possible.



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Special Feature: Board Meeting Calendar – November 2015

Saturday Sunday Monday Tuesday Wednesday Thursday Friday

1 2 3 WAHN, HMICL,

4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30



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Red List Companies - Sector Wise

Chemicals

Company Symbols Company Symbols Mandviwala Mauser Plastic Industries MWMP Pakistan PVC PPVC

United Distributors Pakistan UDPL Commercial Banks

Apna Microfinance Bank AMBL KASB Bank KASBB

Construction & Materials(Cement)

Frontier Ceramics FRCL Dadabhoy Cement Industries DBCI

Haydary Construction Company HADC Emco Industries EMCO

Safe Mix Concrete Products SMCPL

Electricity

Japan Power Generation JPGL Kohinoor Power Company KOHP

Southern Electric Power Company SEPCO Tri-Star Power * TSPL

Electronic & Electrical Goods

Climax Engineering Company CECL Engineering

Dewan Automotive Engineering DWAE Equity Investment Instruments

Crescent Standard Modaraba* CSM First Fidelity Leasing Modaraba FFLM

First IBL Modaraba FIBLM B.R.R. Guardian Modaraba BRR

First Punjab Modarba FPJM First Prudential Modarba PMI

First Tri-Star Modarba* FTSM Tri-Star Mutual Fund TSMF

First Equity Modarba FEM Modaraba Al – Mali MODAM

Financial Services

First Dawood Investment Bank FDIBL Trust Securities and Brokerage TSBL

Dawood Capital Management DCM Security Investment Bank SIBL

First Capital Securities Corporation FCSC Security Leasing Corporation SLCL

Grays Leasing GRYL Saudi Pak Leasing Company SPLC

IGI Investment Bank IGIBL Trust Investment Bank TRIBL

Dawood Equities DEL KASB Securities KASBSL

Escorts Investment Bank ESBL Pervez Ahmed Securities PASL

First Credit & Invest Bank FCIBL Sigma Corporation SIGL

Invest Capital Investment Bank ICIBL UNICAP Modarba UCAPM

Food Producers

Dewan Sugar Mills DWSM Khairpur Sugar Mills KPUS

Abdullah Shah Ghazi Sugar Mills AGSML Mirza Sugar Mills MZSM

Goodluck Industries * GLIN Pangrio Sugar Mills PNGRS

Hussain Sugar Mills HUSS

General Industrials

Baluchistan Particle Board BPBL Ecopack ECOP

Industrial Metals & Mining

Metropolitan Steel Corporation MSCL Life insurance

East West Life Assurance Company EWLA Non-Life Insurance

Asia Insurance Company * ASIC United Insurance Company of Pakistan UNIC

Century Insurance Company CENI Reliance Insurance Company RICL



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Crescent Star Insurance Company CSIL Pakistan Guarantee Insurance Company PGIC

East West Insurance Company * EWIC Premier Insurance PINL

Silver Star Insurance Co. SSIC Universal Insurance Company UVIC

Shaheen Insurance Company SHNI

Personal Goods(Textile)

Ghazi Fabrics International GFIL Sajjad Textile Mills SJTM

Haji Mohammed Ismail Mills HMIM Kohat Textile Mills KOHTM

Crescent Jute Products CJPL Mian Textile Industries MTIL

DewanFarooque Spinning Mills DFSM S.G. Fiber SGFL

Fateh Industries. FIL Pak Leather Crafts PAKL

I.C.C. Textile ICCT Ravi Textile Mills RAVT

Chenab - Preference Shares CLCPS Salman Noman Enterprises* SANE

Glamour Textile Mills * GLAT Taha Spinning Mills THAS

D.M. Textile Mills DMTX United Brands UBDL

D.S. Industries DSIL Khalid Siraj Textile Mills KSTM

International Knitwear * INKL Mubarak Textile Mills MUBT

Amtex AMTEX Redco Textiles REDCO

Ayesha Textile Mills AYTM Jubilee Spinning and Weaving Mills JUBS

Crescent Cotton Mills CCM Khyber Textile Mills KHYT

Chenab CHBL Kohinoor Industries KOIL

Ishaq Textile Mills ISTM MohummedFarooq Textile Mills MFTM

J.A. Textile Mills JATM Sargodha Spinning Mills * SRSM

Globe (OE) Textile Mills Mills GOEM Yousuf Weaving Mills YOUW

National Silk and Rayon Mills NSRM Zephyr Textile * ZTL

Quality Textile Mills * QUAT Travel And Leisure

Dreamworld Limited DREL

We have identified “The Red Companies” which are taken from the KSE All companies list and are sorted out on the basis of their past performance as they are not liquid (i.e. having low volumes) and have not paid dividends in last 3 to 4 years and they have lesser chances of any capital gain as well. * These are the scrips which have declared dividend at least once or twice in the last four years. For further details and queries please contact Khurshid Ahmed at: +92 51 2894521, [email protected] Disclaimer: This market and expectation review is meant solely for the purpose of information and discussion. Any liability arising of an investor consequent to the consumption of this review is the sole responsibility of the investor and can in no way whatsoever be attributed to this review or Askari Securities Ltd. Expectations and pertinent risks are subject to market conditions and can change, which is outside the view of this review.

Corporate Member of the Karachi & Islamabad Stock ... reports/15-10-30 Market Review... ·...

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