14,449
October 26, 2007
The KSE-100 index appears to have stabilized somewhat, with no downside today a high of 14,491, and closed up at 14,449. OGDC was the volume leader of the day with 44.1 million shares traded out of a total 217.1 million. ICI Pakistan closed on another all time high at its upper limit of Rs.234.30. PPL moved up by 11.20 to close at 265. Oil crossed the $92 mark. While the "Tech Guy " is still negative about the index , next week remains to be seen based on reactions to recent results and court decisions. The result season is virtually over. The next upward resistance is 14,500-600 and downside support is at 14,300.
Dividends : Pakistan Refinery : Eps: 6.86
Bank of Punjab : Eps : 9.60
Engro Chemical : 20% CASH : Eps :8.83
MCB : 25% CASH : Eps : 17.90
Pakistan Oilfields Ltd : Eps : 9.59
Attock Refinery : Eps : 17.47
News: World oil prices surged to historic highs on Friday, breaching 92 dollars for the first time in New York on rising tension in crude-rich Iran and tight US energy supplies, analysts said."Now that oil is in the 90s, it is much easier to reach 100 dollars. Anything can happen in this market,"… Aaj News
Muslim Commercial Bank (MCB) on Friday reported a 30 percent rise in net profit during the first nine months of the year…MCB’s banking spreads, the spread between lending and deposit rates, are the highest in the banking sector and average 7.5 percent compared to the industry average of 7.3 percent.MCB, in a statement to the Karachi Stock Exchange (KSE), reported a net profit of 11.25 billion rupees ($185.31 million) for the January-September period, up from 8.64 billion rupees from the year-ago period… Aaj News
Pakistan Oil Fields Ltd. (POL) on Friday reported a 2.7 percent increase in earnings for the first quarter of 2007/08 as lower production from one of its major fields offset the impact of rising oil prices and dividend income received from investment in its group companies.POL, which also produces liquefied petroleum gas (LPG), solvent oil and sulphur, posted net profit of 1.89 billion rupees ($31.1 million) for the quarter ending Sept. 30th … Aaj News
Upper Caps : ICI Pakistan + Netsol Tech
Lower Cap : Pakistan Refinery
Market Low : 14,361.15 High : 14,491.28
Market Close : 14,449.98 – 88.83 points up
