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	<title>Karachi Stock Exchange (KSE) Brokerage Houses Daily Reports</title>
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	<description>Daily Reports of Karachi Stock Exchange ( KSE ) from Various Brokerage Houses covering everyday moments and direction of market by their senior researchers.</description>
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		<title>January 26, 2012</title>
		<link>http://www.ksereports.com/2012/01/january-26-2012/</link>
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		<pubDate>Thu, 26 Jan 2012 14:04:28 +0000</pubDate>
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				<category><![CDATA[Daily Reports]]></category>
		<category><![CDATA[Banking Spreads]]></category>
		<category><![CDATA[Cement Sector]]></category>
		<category><![CDATA[CY11]]></category>
		<category><![CDATA[EFOODS]]></category>
		<category><![CDATA[Engro Foods Analyst]]></category>
		<category><![CDATA[FFBL]]></category>
		<category><![CDATA[FFC]]></category>
		<category><![CDATA[FFC CY11]]></category>
		<category><![CDATA[Food Producers Engro Foods]]></category>
		<category><![CDATA[HMFS]]></category>
		<category><![CDATA[LUCK Earnings]]></category>
		<category><![CDATA[NRL result preview]]></category>
		<category><![CDATA[Oil and Gas]]></category>
		<category><![CDATA[PPL 1HFY12]]></category>
		<category><![CDATA[Research Fundamental APL]]></category>

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		<description><![CDATA[Morning + Evening http://www.tezimandee.com/daily_reports.htm AF: 2012/January/26_01_12/AF/AFSMF-26JAN12.pdf AH: 2012/January/26_01_12/AH/Margins to jump to 61% in CY11 FFC preview.pdf AHCM: 2012/January/26_01_12/AHCM/Banking spreads up 5bps in Dec 2011 BANKING SPREADS.pdf 2012/January/26_01_12/AHCM/Jan 26.pdf AKD: 2012/January/26_01_12/AKD/Banks Spreads up 5bpsMoM in Dec’11 AKD_Daily_January_26_2012.pdf 2012/January/26_01_12/AKD/FFBL CY11 result beats expectations.PDF 2012/January/26_01_12/AKD/Throwback to Seek Support Around 11869 AKD_Technical_Outlook_Jan_26_2012.pdf AT: 2012/January/26_01_12/AT/Daily EVENING AZEE.pdf 2012/January/26_01_12/AT/Morning AZEE.pdf BMA: [...]]]></description>
			<content:encoded><![CDATA[<p dir="ltr"  align="left" ><span style="text-decoration: underline;" ><strong> <span style="color: #0000ff; font-size: medium;" >Morning</span><span style="color: #ff0000; font-size: medium;" > + Evening</span></strong></span></p>
<p dir="ltr"  align="left" ><span style="text-decoration: underline;" ><span style="color: #ff0000; font-size: medium;" ><strong> <a href="http://www.tezimandee.com/daily_reports.htm" ><span style="text-decoration: underline;" > http://www.tezimandee.com/daily_reports.htm</span></a></strong></span></span></p>
<p dir="ltr"  align="left" >AF:</p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/AF/AFSMF-26JAN12.pdf" > 2012/January/26_01_12/AF/AFSMF-26JAN12.pdf</a></p>
<p dir="ltr"  align="left" >
<p dir="ltr"  align="left" >AH:</p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/AH/Margins%20to%20jump%20to%2061%25%20in%20CY11%20FFC%20preview.pdf" > 2012/January/26_01_12/AH/Margins to jump to 61% in CY11 FFC preview.pdf</a></p>
<p dir="ltr"  align="left" >
<p dir="ltr"  align="left" >AHCM:</p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/AHCM/Banking%20spreads%20up%205bps%20in%20Dec%202011%20BANKING%20SPREADS.pdf" > 2012/January/26_01_12/AHCM/Banking spreads up 5bps in Dec 2011 BANKING SPREADS.pdf</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/AHCM/Jan%2026.pdf" >2012/January/26_01_12/AHCM/Jan 26.pdf</a></p>
<p dir="ltr"  align="left" >
<p dir="ltr"  align="left" >AKD:</p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/AKD/Banks%20Spreads%20up%205bpsMoM%20in%20Dec%E2%80%9911%20AKD_Daily_January_26_2012.pdf" > 2012/January/26_01_12/AKD/Banks Spreads up 5bpsMoM in Dec’11 AKD_Daily_January_26_2012.pdf</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/AKD/FFBL%20CY11%20result%20beats%20expectations.PDF" > 2012/January/26_01_12/AKD/FFBL CY11 result beats expectations.PDF</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/AKD/Throwback%20to%20Seek%20Support%20Around%2011869%20AKD_Technical_Outlook_Jan_26_2012.pdf" > 2012/January/26_01_12/AKD/Throwback to Seek Support Around 11869 AKD_Technical_Outlook_Jan_26_2012.pdf</a></p>
<p dir="ltr"  align="left" >
<p dir="ltr"  align="left" >AT:</p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/AT/Daily%20EVENING%20AZEE.pdf" > 2012/January/26_01_12/AT/Daily EVENING AZEE.pdf</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/AT/Morning%20AZEE.pdf" > 2012/January/26_01_12/AT/Morning AZEE.pdf</a></p>
<p dir="ltr"  align="left" >
<p dir="ltr"  align="left" >BMA:</p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/BMA/Food%20Producers%20Engro%20Foods%20%28EFOODS%29%20-%20Analyst%20Briefing%20Takeaways%201262012.PDF" > 2012/January/26_01_12/BMA/Food Producers Engro Foods (EFOODS) &#8211; Analyst Briefing Takeaways 1262012.PDF</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/BMA/KSE100%20-%20now%20retracing%20footsteps.pdf" > 2012/January/26_01_12/BMA/KSE100 &#8211; now retracing footsteps.pdf</a></p>
<p dir="ltr"  align="left" >
<p dir="ltr"  align="left" >Elixir:</p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/Elixir/Debt%20Market%20Review.pdf" > 2012/January/26_01_12/Elixir/Debt Market Review.pdf</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/Elixir/Equity%20Market%20Review%2025-January-2012.pdf" > 2012/January/26_01_12/Elixir/Equity Market Review 25-January-2012.pdf</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/Elixir/LUCK%20Earnings%20growth%20to%20continue%20during%202QFY12%20%20The%20Bell%2026-January-2012.pdf" > 2012/January/26_01_12/Elixir/LUCK Earnings growth to continue during 2QFY12 The Bell 26-January-2012.pdf</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/Elixir/Market%20Wrap%2026-January-2012.pdf" > 2012/January/26_01_12/Elixir/Market Wrap 26-January-2012.pdf</a></p>
<p dir="ltr"  align="left" >
<p dir="ltr"  align="left" >FNE:</p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/FNE/TECH26-01-12.pdf" >2012/January/26_01_12/FNE/TECH26-01-12.pdf</a></p>
<p dir="ltr"  align="left" >
<p dir="ltr"  align="left" >FS:</p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/FS/Research%20Fundamental%20%20APL%2026-01-12.pdf" > 2012/January/26_01_12/FS/Research Fundamental APL 26-01-12.pdf</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/FS/Technical%20Outlook%20%20td26jan12.pdf" > 2012/January/26_01_12/FS/Technical Outlook td26jan12.pdf</a></p>
<p dir="ltr"  align="left" >
<p dir="ltr"  align="left" >GSPL :</p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/GSPL/FFC%20CY11%20-%20Result%20Preview%20CMD%2026-January-2012.pdf" > 2012/January/26_01_12/GSPL/FFC CY11 &#8211; Result Preview CMD 26-January-2012.pdf</a></p>
<p dir="ltr"  align="left" >
<p dir="ltr"  align="left" >HMFS:</p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/HMFS/Company%20Update%20FFC%20-%2026-Jan-2012.pdf" > 2012/January/26_01_12/HMFS/Company Update FFC &#8211; 26-Jan-2012.pdf</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/HMFS/Flash%20Note%20FFBL%20Posts%20CY11%20EPS%20of%20PKR11.53.PDF" > 2012/January/26_01_12/HMFS/Flash Note FFBL Posts CY11 EPS of PKR11.53.PDF</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/HMFS/HMFS_Closing%2026-Jan-2012.pdf" > 2012/January/26_01_12/HMFS/HMFS_Closing 26-Jan-2012.pdf</a></p>
<p dir="ltr"  align="left" >
<p dir="ltr"  align="left" >IGI:</p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/IGI/LUCK-%201H%20FY12%20EPS%20to%20increase%20two-folds%20to%20PKR%209.49%20Day_Break_Jan_26_2012.pdf" > 2012/January/26_01_12/IGI/LUCK- 1H FY12 EPS to increase two-folds to PKR 9.49 Day_Break_Jan_26_2012.pdf</a></p>
<p dir="ltr"  align="left" >
<p dir="ltr"  align="left" >IIS:</p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/IIS/Before%20you%20trade%2026-01-2012.pdf" > 2012/January/26_01_12/IIS/Before you trade 26-01-2012.pdf</a></p>
<p dir="ltr"  align="left" >
<p dir="ltr"  align="left" >JS:</p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/JS/Engro%20Foods%20Analyst%20briefing%20takeaways%20M26JAN12.pdf" > 2012/January/26_01_12/JS/Engro Foods Analyst briefing takeaways M26JAN12.pdf</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/JS/FFBL%202011%20EPS%20stood%20at%20Rs11.53,%20up%2065%25YoY.PDF" > 2012/January/26_01_12/JS/FFBL 2011 EPS stood at Rs11.53, up 65%YoY.PDF</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/JS/Pakistan_Market_Statistics_-_Jan26_2012.pdf" > 2012/January/26_01_12/JS/Pakistan_Market_Statistics_-_Jan26_2012.pdf</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/JS/Pakistan_Market_Technical_Outlook_26_Jan_2012.pdf" > 2012/January/26_01_12/JS/Pakistan_Market_Technical_Outlook_26_Jan_2012.pdf</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/JS/PPL%201HFY12%20EPS%20at%20Rs15.3,%20up%2021%25YoY.PDF" > 2012/January/26_01_12/JS/PPL 1HFY12 EPS at Rs15.3, up 21%YoY.PDF</a></p>
<p dir="ltr"  align="left" >
<p dir="ltr"  align="left" >KASB:</p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/KASB/Gold%20Spot%20%20CC26-01-12.pdf" > 2012/January/26_01_12/KASB/Gold Spot CC26-01-12.pdf</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/KASB/KSE-100%20Coming%20down%20to%20test%20its%20trendline%20TD27-01-12.pdf" > 2012/January/26_01_12/KASB/KSE-100 Coming down to test its trendline TD27-01-12.pdf</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/KASB/PPL%20Robust%201H;%20stronger%202H%20ahead%20MS26-01-12.pdf" > 2012/January/26_01_12/KASB/PPL Robust 1H; stronger 2H ahead MS26-01-12.pdf</a></p>
<p dir="ltr"  align="left" >
<p dir="ltr"  align="left" >RSL:</p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/RSL/dnews.pdf" >2012/January/26_01_12/RSL/dnews.pdf</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/RSL/mkttd.pdf" >2012/January/26_01_12/RSL/mkttd.pdf</a></p>
<p dir="ltr"  align="left" >
<p dir="ltr"  align="left" >SC:</p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/SC/Cement%20Sector%20LUCK%20earnings%20set%20fly%20higher%20%28Update%20Pulse%29%20LUCK%2026-Jan-2012.pdf" > 2012/January/26_01_12/SC/Cement Sector LUCK earnings set fly higher (Update Pulse) LUCK 26-Jan-2012.pdf</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/SC/Fertilizer%20Sector%20FFBL%20-%20reports%20an%20exceptional%2065%25%20YoY%20growth%20in%20Profits.PDF" > 2012/January/26_01_12/SC/Fertilizer Sector FFBL &#8211; reports an exceptional 65% YoY growth in Profits.PDF</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/SC/News%20Pulse%20%28January%2026,%202012%29.PDF" > 2012/January/26_01_12/SC/News Pulse (January 26, 2012).PDF</a></p>
<p dir="ltr"  align="left" >
<p dir="ltr"  align="left" >SCS:</p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/SCS/pakistans%20oil%20and%20gas%20picture%20valuation%20tables%20situation%20analysis.pdf" > 2012/January/26_01_12/SCS/pakistans oil and gas picture valuation tables situation analysis.pdf</a></p>
<p dir="ltr"  align="left" >
<p dir="ltr"  align="left" >Taurus:</p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/Taurus/EFOODS%20CY11%20Review%20and%20FFC%20CY11%20Preview%20jan26%2712.pdf" > 2012/January/26_01_12/Taurus/EFOODS CY11 Review and FFC CY11 Preview jan26&#8217;12.pdf</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/Taurus/TTD%28Jan26%2712%29.pdf" > 2012/January/26_01_12/Taurus/TTD(Jan26&#8217;12).pdf</a></p>
<p dir="ltr"  align="left" ><a href="http://www.taurus.com.pk/research/RECOMMENDATIONS.ASP" > RATINGS GUIDE</a></p>
<p dir="ltr"  align="left" >
<p dir="ltr"  align="left" >VS:</p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/VS/Investats%2026-January-12.pdf" > 2012/January/26_01_12/VS/Investats 26-January-12.pdf</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/VS/Market%20Data%2026-January-12.pdf" > 2012/January/26_01_12/VS/Market Data 26-January-12.pdf</a></p>
<p dir="ltr"  align="left" ><a href="http://ksedailyreports.dyndns.info/2012/January/26_01_12/VS/NRL%20result%20preview%20Earnings%20to%20slide%2062%25%20YoY%20in%201H%20ValueSeeker%2026-January-12.pdf" > 2012/January/26_01_12/VS/NRL result preview Earnings to slide 62% YoY in 1H ValueSeeker 26-January-12.pdf</a></p>
<p dir="ltr"  align="left" >
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