12,151
April 24, 2007
The KSE-100 index opened up with a gap and stayed in the green all day. Making a high of 12,183 , the market closed up at 12,151. Askari Bank was the top volume stock with 25.9 million shares traded today. OGDC opened a ruppe higher with the new of new discoveries (see below ). The next upward resistance is 12,234 followed by 12,337.
Dividends : Soneri Bank : EPS. Rs.0.77
United Bank Ltd : EPS : Rs.4.76
Pakistan’s third largest bank, United Bank Ltd. (UBL), on Tuesday reported a 36.3 percent rise in its first quarter net profit as increased lending pushed up the bank’s income… UBL reported a net profit of 3.08 billion rupees ($50.8 million) for January to March quarter of 2007, up from 2.26 billion rupees from year-ago period…. Aaj News
Bank Alfalah, Pakistan Petroleum Ltd & Paksian Premier Fund will be announcing their results 2moro.
News : Pakistan’s Oil and Gas Development Co. Ltd. has announced three new discoveries over the past week that will push the firm’s daily oil and gas output up by 1,476 barrels and 23.2 million metric cubic feet respectively… "The new discoveries should result in an annualised increase of 0.37 rupees on OGDCL’s earnings per share,"… one of the discoveries was made in the Sinjhoro block of the southern Sindh province, where OGDCL has a 76 percent operating stake.This discovery resulted in a production rise of 1,216 barrels per day of oil and 3.15 million metric cubic feet per day.
The second discovery was made at Tando Alam, also in Sindh, which increased the company’s gas production by 9.25 million metric cubic feet per day.The third discovery, at Dakhni in Punjab, resulted in an increase in OGDCL’s oil production by 260 barrels per day, and gas production by 10.8 million metric cubic feet per day… Aaj News
Upper Cap : Standard Chartered Bank Pakistan Ltd (SCBPL)
Market Low : 12,016.18 High : 12,183.43
Market Close : 12,151.53 – 135.35 points up.
