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Synergistic Financial Advisors (SFA) is providing corporate finance advisory services to the local and the International  corporations.  With a  main focus towards the  GCC region,  SFA is providing  the  analytical services to renowned Corporate Advisory and Pri vate Equity firms l ocated in KSA on the basis of off – shore as well as on – shore resource availability. SFA seeks a Corporate Finance Analyst to work directly under the senior executives and provide off – shore and on – shore corporate advisory services to our clie nts in KSA.

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Synergistic Financial Advisors is conducting an Advanced Financial Modeling Training Workshop from 22nd to 24th February 2013

Location: Hotel One, Mall Road, Lahore

Session Timings:

Friday       :  6pm to 10pm

Saturday :   9am to 9pm

Sunday    :   9am to 9pm

Course Fee: PKR 20,000

Special Discount for Kamran Rashid Student: Course Fee PKR 15,000.

Training Brochure

Synergistic Financial Advisors is conducting an Advanced Financial Modeling Training Workshop

Dates: 4th to 7th February 2013

Venue: Office # 14, 3rd Floor Ahmed Center I – 8 Markaz, Islamabad

Timing: 6pm to 10pm

Course Fee: PKR 20,000

Training Brochure

Synergistic Financial Advisors is conducting an Advanced Financial Modeling Training Workshop from 11 July, 2012 till 15 July, 2012.

Location: Hotel One, Mall Road, Lahore

Timings: 6pm to 10pm

Course Fee: PKR 20,000

Special Discount for Kamran Rashid Student: Course Fee PKR 15,000.

Training Brochure

Market Summary

In a week dominated by corporate earnings announcements, expectations of a renewed monetary policy and a fragile economic and political scenario, trading reflected caution throughout all sessions. After reaching a six month high on Tuesday, the index closed at 12,232 gaining 95 points WoW with a total of 108 stocks gaining, 127 losing and 71 unchanged in the last trading session. Although trading volumes depicted a decline over the week, the last trading session closed on a slightly higher note reflecting investors’ cautious optimism regarding the monetary policy. Market capitalization declined by 12.05% WoW from PKR 3.07 trillion to PKR 2.70 trillion. WoW percentagewise, BWC was the leader gaining 37.87% to close at PKR 12.96. PICT ranked second gaining 24.35% to close at PKR 104.5 and SILK gained 15.20% to close at PKR 1.97 at the end of the week.

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Market Summary

The market continued to depict a bullish momentum throughout the week registering a 77 point gain on Friday to close off trading at 11,960 with the main catalyst being the acceptance of reforms over capital gains tax proposals. Investor trading activity was heavily dominant in the oil and fertilizer sector. The index surpassed the 12,000 benchmark several times during the week indicating positive investor sentiment.

On Friday, a total of 88 stocks gained, 121 lost and 98 were unchanged. Market turnover fell to 20.86 percent and the overall market capitalization rose by 0.58 percent to PKR 3.105 trillion compared to PKR 3.087 trillion last week. Midweek, trading volumes were subject to the deteriorating law and order situation in Karachi, but bounced back on rising international oil prices which renewed investor interest. Furthermore, overvalued fertilizer scrips and positive earnings announcements also pushed trade to take positions in that sector.

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Has ENGRO Bounced Back to Claim its Throne From FFC?

Last weekend, a number of interesting developments were observed in local equity markets. Firstly, a CGT tax implication related to unexplained income and assets was deferred until June 2014 providing a sigh of relief for the depressed market. Secondly, GST on tractor manufacturers was also revoked back to 5% from the level of 16% ending the tug of war between the GoP and tractor assemblers. In addition to these events, a crucial hearing was also scheduled in the Sindh High Court for recommencement of gas supply to ENGRO’s new plant, ENVEN. Although no decision was announced in the hearing, given the fragile situation surrounding the Gas Supply Agreement of ENGRO with GoP, it is expected that SNGPL will be required to resume the supply of gas to ENVEN at 75% for the winter season and 100% for the remaining year.

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Market Summary

Thin volumes, cautious investors and nervous events kept the bourse under pressure as was indicated by investor behaviour throughout the week. Trading was overshadowed by the growing rifts between the establishment and the military on account of the severity of the memo scandal. Rising oil prices and lack of necessary funds further fueled the negative sentiment amidst a likely embargo to be levied on Iran’s oil supply. However, the index recovered by the end of the trading week on positive news that the SECP proposed new taxation rules to the FBR including a two year capital gains tax exemption and a reduction in corporate tax from 35 percent to 25 percent. The announcement of the Kunnar-Pasakhi Gas Pipeline project also boosted the index by week end.

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Market Summary

The week began with a drop in trade volumes on account of negative sentiment prevailing  which  was  reflective  in  trading  behaviour  and  was  mainly  due  to political  and  industrial  pressures  in  the  fertilizer  sector,  which  were  carried forward from the previous week. However, the index gained 47 points (i.e. 0.40% percent) over the week to close at 11,348 on Friday. Expectations of a capital gain tax resolution and easing concerns on the political front assisted the market in closing in the green. Trade volumes improved to 47.32 million shares traded in the previous session from 17.56 million shares during the beginning of the week.

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Cautious behavior was evident throughout the week as trading was dominated by rumors of a change in regime stemming from tumultuous events emerging from the memo scandal. Traders held on to their positions later in the week on expectations of a relaxation in capital gains tax rules.

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