Ismail Iqbal Securities

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Ismail Iqbal Securities (Private) Limited (IISPL) is a TREC holder of the Pakistan Stock Exchange, as well as an SECP registered Underwriter and Book Runner. IISPL provides comprehensive financial services including Equity Sales, Research on Equities and the Macro-Economy, Investment Advisory, Portfolio Management, Corporate Finance, and extensive services for Private Equity investors. IISPL services a diversified client base, from Institutional to Retail Investors including High Net worth Individuals.

Regulatory Information

  • ID Number: REP-092

Ajay Kumar
  • Ajay Kumar
EUR 9.60

 Oil prices up owing to production outages in the U.S Gulf of Mexico

Storms in the Gulf of Mexico remains bullish factor for oil price Oil prices turned positive this week on crude oil production outages in the U.S Gulf of Mexico due to threat of tropical storm and increased tensions in the Middle East. According to Reuters, nearly 70% or 1.3mn barrels per day of crude oil production has been cut in U.S regulated areas of the Gulf of Mexico of U.S. WTI crude closed at USD 60.21/bbl (+4.69% WoW) and Brent crude closed the week at USD 66.72/bbl, reporting a weekly...

07/15/19 July 15, 2019 1 EN
Ajay Kumar
  • Ajay Kumar
EUR 9.60

Oil prices closed marginally up during the out going week

Oil prices closed marginally up during the out going week

04/22/19 April 22, 2019 1 EN
Talha Idrees
  • Talha Idrees
EUR 9.60
HCAR Honda Atlas Car...
PSMC Pak Suzuki Moto...

PSMC outperforms during March with sales up +23% YoY

The latest numbers released by PAMA reported auto sales of 22,878 units during March 2019 taking the cumulative sales to 185,757 units for 9MFY19. The 800cc category amongst the passenger car segment experienced 11.5% YoY increase during the month mainly due to removal of non-filers ban. Sale of LCV, vans and jeeps decreased 53.4% driven by lower sales of Toyota Fortuner, Hilux and Honda BR-V. Trucks and buses segment also witnessed a decline of 52% YoY. Pick-ups were up 8.6% YoY.

HCAR HONDA ATLAS CARS (PAKISTAN) LTD.
PSMC PAK SUZUKI MOTOR CO. LTD.
04/11/19 April 11, 2019 1 EN
EUR 4.80
POL Pakistan Oilfie...

3QFY19 EPS likely to clock in at PKR 14.0

Pakistan Oilfields (POL) is scheduled to announce its 3QFY19 results on April 11, 2019, where we expect earnings to decline by 1% QoQ to clock in at PKR 3,973mn (EPS: PKR 14.0). Revenue is expected to decline by 5% QoQ on the back of lower oil prices and 3% QoQ decrease in oil flows. Absence of heavy exchange gains is also attributed to QoQ decline. We estimate the company to record net exchange gains of PKR 89mn in 3QFY19 as against PKR 357mn recorded in 2QFY19. Exploration expense is likely to...

POL PAKISTAN OILFIELDS LTD.
04/09/19 April 9, 2019 1 EN
Ajay Kumar
  • Ajay Kumar
EUR 4.80
ACPL Attock Cement P...

ACPL to report an EPS of PKR 3.04 in 3QFY19

Attock Cement Pakistan Limited (ACPL) is scheduled to announce its 3QFY19 result on Thursday, April 11, 2019. We expect the company to post earnings of PKR 418 million (EPS: PKR 3.04) in 3QFY19, reporting a decline of 48% YoY despite 23% YoY growth in total dispatches. We expect gross margin for the quarter to decline to 26% due to decline in export price. We anticipate selling expenses to increase 2.2x times compared to SPLY due to significant rise in export dispatches while finance cost will r...

ACPL ATTOCK CEMENT PAKISTAN LTD.
04/09/19 April 9, 2019 1 EN
Ajay Kumar
  • Ajay Kumar
EUR 9.60

 Oil prices up owing to production outages in the U.S Gulf of Mexico

Storms in the Gulf of Mexico remains bullish factor for oil price Oil prices turned positive this week on crude oil production outages in the U.S Gulf of Mexico due to threat of tropical storm and increased tensions in the Middle East. According to Reuters, nearly 70% or 1.3mn barrels per day of crude oil production has been cut in U.S regulated areas of the Gulf of Mexico of U.S. WTI crude closed at USD 60.21/bbl (+4.69% WoW) and Brent crude closed the week at USD 66.72/bbl, reporting a weekly...

07/15/19 July 15, 2019 1 EN
Ajay Kumar
  • Ajay Kumar
EUR 9.60

Oil prices closed marginally up during the out going week

Oil prices closed marginally up during the out going week

04/22/19 April 22, 2019 1 EN
Ajay Kumar
  • Ajay Kumar
EUR 9.60

Most Local Commodity Prices Rise as PKR Depreciates

During the outgoing week, Local CRC manufacturers raised theirprices by PKR 2,000/MT to 101,500/MT in order to pass on theimpact of recent PKR devaluation. Please note that price of ChineseCRC declined by USD 5/MT during the outgoing week.However, CRC-HRC spread remained unchanged at USD 40/MT,due to equal decline of USD 5/MT in Chinese HRC price.

10/15/18 October 15, 2018 4 EN
Shumaila Badar
  • Shumaila Badar
EUR 9.60

Dr. Ismail Offers Solutions to Fiscal, C/A Deficit Crisis

IsmailIqbal Securities arranged a conference call yesterday with Dr. Miftah Ismail, former Finance Minister, wherein he shared his views on the economic challenges facing Pakistan. Speaking about the balance of payments crisis, he said that currently the best solution is to take a loan from IMF. After getting IMF’s loan it’ll be easier for the country to issue Eurobonds or Panda Bonds. As for the fiscal deficit crisis, the former Minister was of the opinion that it will reach 5.5% of GDP this ye...

10/16/18 October 16, 2018 4 EN

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