12,791
September 17, 2007
The Karachi Stock market opened down making a low of 12,693 and then stayed choppy till it closed up at 12,791. The market will depend on the political landscape for its current direction and looks to be heading towards 12,950, provided there is no bad news. The result season has virtually come to an end barring DGKC and Sui North.
Dividends : Netsol Technologies : 22% Bonus . EPS : 8.63
JOVC & CO : 40% Bonus + 12.5% Cash. EPS : 32.97
Board Meetings : D.G.Khan Cement 19th Sept. at 11.pm
News : Pakistan Petroleum Limited (PPL), the operator of the Block 2568-13 (Hala), and its joint venture partner, Mari Gas Company Limited (MGCL), have announced the discovery and successful testing of condensate and gas in the Adam X-1 exploration well located in District Sanghar… Aaj News
Emirates Telecommunications Corp (Etisalat) said on Monday it plans to cut staff at its Pakistan Telecommunication Co Ltd affiliate after the South Asian firm reported a 25 percent drop in annual profit…Pakistan Telecom employs 65,000 people and has 5.7 million customers, according to its Web site….Etisalat Chairman Mohammed al-Omran told Reuters this month that Etisalat is interested in raising its stake in Pakistan Telecom to 51 percent… Aaj News
Upper Caps : Arif Habib Securities / JOVC / Attock Refinery
Market Low : 12,693.25 High : 12,791.88
Market Close : 12,791.88 – 12.20 points up
