11,272
January 31, 2007
There seems to be not much stopping the continuous upward ride on the Karachi Stock market . Yet another day of upside , with the market closing on its high of 11,272, 12.2% up for the current year. OGDC has begun to move at last closing up at 124.5 , folllowed by PTC nearly capping up at Rs.55.25.
11,300 is the next target to close above for further upside. 11k is the current downward resistance.
SCRA up to $80 million for January , a total of $359 for the fiscal year.
Dividends : Arif Habib Ltd : EPS : Rs.6.81
Pakistan Premier Fund : EPS : -0.17
Maple Leaf Cement : 25% Rights at a premium of Rs.2.50
Honda Atlas Cars : EPS -1.77
Shell Gas LPG : EPS : Rs.2.10
News : The government has shelved the Pakistan Steel Mills Corporation (PSMC) strategic sell-off plan for one year and approved a scheme for its initial public offering (IPO) through bourses for 10 percent shares with additional 10 percent shares as green shoe option…. Business Recorder
The President of Canadian Frontier Holdings (CFH) Nigel McCue accompanied by Chairman Petroleum Exploration Limited (PEL) Zaheeruddin called on Minister for Petroleum and Natural Resources Amanullah Khan Jadoon here on Wednesday and briefed him about the joint venture investment plan of $200 million in oil and gas exploration and power sectors… Source : Business Recorder
Austrian oil and gas group OMV said on Wednesday total gas sales at the Pakistani Sawan field increased by some 15 percent to 66,700 barrels of oil equivalent per day (boed). Source : Business Recorder
Pakistan Petroleum Limited (PPL) in collaboration with the Government Holding Private Limited (GHPL) would embark on the exploration of oil in the eastern offshore…PPL presently produces 770 million cubic feet of gas, while 3,870 barrels of oil per day besides 70 metric tons of LPG every day… Daily Times
Upper Cap : Kapco
Market Low : 11,105.34 High : 11,272.33
Market Close : 11,272.33 – 166.99 points up
