11,521
February 21, 2007
The KSE-100 index made a high of 11,538 and closed up at 11,521. OGDC’s result did not take the market soaring up as it was below market expectations. The market has to cross 11,635 and hold to continue its upward path, otherwise its down to 11,300 followed by 11,100-10,900. One could be heading for the Vaseline jar soon.
Dividends : Oil and Gas Development Co.Ltd : 17.5% Cash. EPS : Rs.5.37 .RESULT FOR THE HALF YEAR ENDED 31/12/2OO6 PROFIT BEFORE TAXATION RS. IN MILLION 31,659.680 / PROFIT AFTER TAXATION RS. IN MILLION 23,112.620
Bank Al-Habib (BAHL) : 15% Cash + 40% Bonus. EPS : Rs.6.69
Fauji Cement : EPS : Rs.0.98
PTCL will announce its results 2moro.
Oil & Gas Development Co.Pakistan’s biggest fuel explorer, said first-half profit rose 13 percent. Net income rose to 23 billion rupees ($380 million), or 5.37 rupees a share, in the six months ended Dec. 31, from 20.3 billion rupees, or 4.72 rupees, a year earlier.. Source : Bloomberg
News : Ezaz Sheikh, Chairman All Pakistan Cement Manufacturers Association (APCMA) on Wednesday said the manufacturers have slashed the cement prices from Rs. 10 to Rs. 15 per bag.The APCMA chairman while talking to a leading news channel, Aaj TV, disclosed among various cement manufacturers the Kohat Cement has cut the prices to Rs. 10 while Dera Ghazi Khan Cement and Lucky Cement have made a Rs. 15 reduction on per bag basis…. Aaj News
The Karachi Electric Supply Corporation (KESC) is yet to pay Rs4-5 billion to Sui Southern Gas Company (SSGC), which has defaulted on payments to state-owned gas exploration and production companies…It was earlier reported that the gas utility has not paid for gas purchases from Oil and Gas Development Company (OGDC), Pakistan Petroleum Limited (PPL) and Government Holdings Private Limited (GHPL) because it has not received bills from KESC… The News
Upper Cap: MCB
Lower Cap : Pioneer Cement
Market Low : 11,393.22 High : 11,538.49
Market Close : 11,521.49 — 58.31 points up
