12,175
April 25, 2007
Having made a high of 12,243, the KSE-100 index appeared to be struggling towards the end and closed up at 12,175. The result season is coming to an end by Monday 30th , by when all of the major stocks will have posted their results. Then it will be seen whether the market had the juice to go to 12,500 or not. The next upward resistance is 12,243 followed by 12,337. Downside support is at 12,050.
Dividends : Pakistan Petroleum Ltd. EPS : Rs.19.11
ICI Pakistan. EPS : Rs.2.31
Hub Power (HUBCO). EPS : Rs.1.75
Bank Alfalah’s meeting took place this morning, though no result came out before the market close.
OGDC, PSO, FFC, and DGKC are amongst some of the companies that will annouce their results 2moro.
Natural gas producer Pakistan Petroleum Ltd. (PPL) reported a 36.6 percent jump in its nine-month net profit on Wednesday, boosted by high oil and gas production and firm prices.PPL, the country’s fourth-largest listed company, earned a net profit of 13.1 billion rupees ($216.03 million) in the nine months to March 31..PPL reported earnings per share of 19.11 rupees, compared with 13.98 rupees a year earlier… Aaj News
News : Moodys upgrades rating of NBP,MCB,UBL and HBL - Aaj News. Moody’s Investors Service today upgraded the Bank Financial Strength Ratings (BFSRs) of the four rated Pakistani banks by one notch reflecting their increasingly stronger financial fundamentals and their evolving local franchises.
Habib Bank Ltd: The BFSR is changed to D- from E+. The Global Local Currency Deposit Ratings assigned are Ba1/NP.
MCB Bank Ltd: The BFSR is changed to D from D-. The Global Local Currency Deposit Ratings assigned are Baa3/Prime-3.
National Bank of Pakistan: The BFSR is changed to D from D-. The Global Local Currency Deposit Ratings assigned are Baa2/Prime-3.
United Bank Ltd: The BFSR is changed to D- from E+. The Global Local Currency Deposit Ratings assigned are Ba1/NP.
Upper Caps : Callmate Telips + FCCL
Market Low : 12,151.43 High: 12,243.03
Market Close : 12,175.45 — 23.92 points up
