13,719
January 24, 2008
The KSE-100 index seems to open up and then either fizzle out or go down at the moment. An intra-day high of 13,836 led to closing down at 13,719. The market seems to be struggling, barring the odd few stocks. Downside support looks to 13,570. Don’t lose sight of the Vaseline jar.
Dividends : FFBL : 10% Cash EPS : 2.92
PPL : 50% Cash : EPS : 5.95 for the quarter
State-run Pakistan Petroleum Ltd (PPL) posted a 10 per cent rise in net profits for the first half of 2007/08 (July-June) on Thursday, narrowly missing forecasts, on higher oil and gas prices and increased production.PPL, which operates Pakistan’s largest gas field at Sui in south western Balochistan province, in a statement to the Karachi Stock Exchange (KSE), said it earned a net profit of 9.29 billion rupees ($149 million) in the six months upto 31st December 2007; compared with a net profit of 8.45 billion rupees for the first half of the last fiscal year… The News
Upper Cap : JOVC
Lower Cap : Arif Habib Ltd
Market Low : 13,693.24 High : 13,836.39
Market Close : 13,719.17 – 67.86 points down
