12,208 - Heading for 12,337 ?
April 26, 2007
The KSE-100 index is creeping closer to its all time high of 12,337. It closed on its high at 12,208. Cements were the flavour of the day with DGKC trading 34.7 million shares and Lucky Cement 34.2 million. The next upward resistance is 12,280 followed by 12,337.
SCRA Inflow for April is $39.8 million and the total for the fiscal year is $708 million.
Dividends : OGDC : 20% Cash. EPS. Rs.8.05
PSO : 40% Cash. EPS. Rs.12.53
Engro : 15% Rights at a premium of Rs.115. EPS. Rs.1.92
D.G. Khan Cement EPS. Rs.4.57
Unilever : EPS. Rs.33.75
Faysal Bank : EPS. Rs.1.54
Bosicor Refinery : EPS. Rs.(3.53)
Pakistan Premier Fund : EPS. Rs.1.35
Bank of Punjab, MCB and Standard Chartered Bank Pakistan are some of the stocks that will announce their results 2moro.
Bank Alfalah Ltd., Pakistan’s fifth biggest lender by deposits, said profit rose 70 percent in the first-quarter, helped by higher interest rates. Net income rose to 661 million rupees ($11 million), or 1.02 rupees a share, in the three months ended March 31, from 387 million rupees, or 0.60 rupees a share, a year earlier..The bank’s deposits rose 8 percent to 240 billion rupees in the year ended Dec. 31, 2006 and loans climbed 26 percent to 150 billion rupees… Source : Bloomberg
News : Pakistan has delayed the overseas sale of shares in National Bank of Pakistan (NBP), the country’s largest bank, until after June..The government had previously said that it will offload a stake in NBP by issuing global depositary receipts (GDR) before the 2006/07 fiscal year ends on June 30..The government has yet to announce the size of the stake it plans to sell.NBP is the country’s second largest listed firm, with a market capitalisation of $3.32 billion. It reported a net profit of 17.22 billion rupees ($283.9 million) in 2006… Aaj News
Upper Cap : Standard Chartered Bank Pakistan Ltd. (SCBPL)
Market Low : 12,153.82 High: 12,208.87
Market Close : 12,208.87 – 42.84 points up
