14,009
January 29, 2008
The Karachi stock market opened up, finally pulled its finger out and broke 14k, and closed above it at 14,009. Arif Habib Securities was the top volume of the day with 25.1 million shares traded. The KSE-100 index has closed above its 30 DMA and and is headed towards 14,100.
Dividends : Arif Habib Ltd : EPS : 10.68
After much speculation about a 100% bonus, which led to 4 consecutive upper caps and an intra-day high of 394.50 , AHL’s steam finally fizzled out and it opened at lower cap with today’s announcement of a low EPS and no payout . It turned out to be a big wet fart after all !
News : The board of the Privatisation Commission, which met with Incharge Minister for Privatisation, Shahzada Alam Monnoo on Tuesday, decided to start listing process of Kot Addu Power Company shares in the international market through Global Depository Receipts (GDRs)… Aaj News
Fitch Ratings on Tuesday affirmed the ratings of the following banks: - Habib Bank Limited (HBL): Individual affirmed at ‘D/E’ and Support at ‘5′. - MCB Bank Limited (MCB): Individual affirmed at ‘D’ and Support at ‘5′. - National Bank of Pakistan (NBP): Individual affirmed at ‘D’ and Support at ‘4′.The individual ratings of the banks generally reflect their moderate balance sheet strength and earning profile, with HBL still relatively weak in terms of its asset quality and operating expense efficiency in contrast with the credit profile of MCB and NBP… Aaj News
Upper Caps : Packages / JOVC
Lower Cap : Arif Habib Ltd
Market Low : 13,880.48 High : 14,009.11
Market Close : 14,009.11 – 128.63 points up
