11,280
March 14, 2007
The KSE-100 index remained negative all day and slid down to 11,280 towards the close. Further corrections would lead to 11,200 and a break of 11,150 would lead to the reemergence of the Vaseline jar.
Dividends : Pak Suzuki . 50% Bonus. EPS : Rs. 61.99
News : The country’s top cement producer DG Khan Cement (DGKC) is eyeing the Indian market to sell its surplus output after a new plant starts production next month, a top company official said. DGKC will increase its production by 7,000 tonnes per day to 4.66 million tonnes per annum after the opening of the new plant, bought from Denmark for around 14 billion rupees ($230.6 million).The firm currently produces 2.11 million tonnes of cement annually…. Aaj News
The government plans to sell a stake worth up to $300 million in United Bank Ltd (UBL) through a global share sale, and it has invited six investment banks to pitch for the deal…Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan and Merrill Lynch are all bidding for the $200 million to $300 million global depository receipt (GDR) sale. A government source said the decision for the deal’s lead manager would be made by early April, and the deal should be completed by the end of June. The government is only selling part of its roughly 45-percent stake in UBL… Aaj News
Upper Cap : Soneri Bank (4th consecutive day )
Market Low : 11,266.35 High : 11,412.39
Market Close : 11,280.34 — 124.61 points down
