11,467
February 15, 2007
The Karachi Stock Market took another bashing down to 11,314 and closed up marginally at 11,467. The total volume of shares traded was considerably lower at 183.3 million. The volume leader of the day was KAPCO with 39.8 million shares traded.Cements got fucked as the news is that the Govt. will not accept Rs.260 per 50kg bag and there is a meeting to discuss it on the 20th. Whether the market has bottomed out will be seen in 2moro’s "Friday show ". The next upward resistance is 11,500 and 11,635.
Dividends : Shell Pakistan : 80% Cash EPS : Rs. (6.74) . Loss after taxation Rs.369.321 million
Agriautos Industries (AGIL): EPS : Rs.5.77
KAPCO will be announcing its results 2moro.
Shell Pakistan Ltd. a unit of Royal Dutch Shell Plc, posted a second-quarter loss because falling prices eroded the value of refined products it held as stock.Shell Pakistan declared a loss of 152.4 million rupees ($2.5million), or 2.75 rupees a share in the three months ended Dec.31, from a profit of 209.9 million rupees, or 3.83 rupees a share,a year ago, the Karachi-based company said in a statement to the stock exchange today. Net sales fell to 27.6 billion rupees from
29.7 billion rupees a year ago. Source : Bloomberg
News : The JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned a medium to long-term entity rating of AAA (Triple A) and short-term rating of A1+ (A One Plus) to Oil and Gas Development Company Limited (OGDCL). The outlook on the medium to long-term rating is ‘Stable’….Business Recorder
Pakistan domestic oil marketing giant Pakistan State Oil is expected to post sharply lower first-half profit as falling global prices offset stronger sales…PSO is expected to post a net profit for its July-December first half of between 1.35 billion rupees and 1.97 billion rupees ($22.2-32.4 million), according to a range of forecasts from five analysts surveyed by Reuters… Source: Business Recorder
Lower Caps : CTTL / Maple Leaf Cement / Pioneer Cement
Market Low : 11,314.68 High : 11,477
Market Close : 11,467.77 – 13.01 points up
