15,540
April 16, 2008
The KSE-100 index made a new intra-day high of 15,637 and closed marginally up at a new high of 15,540. Engro Chemical was the main man in terms of volume with 22 million shares traded. It made a record close at 368.20. Oil crossed $115 today.
Dividends : The profit after tax of Attock Petroleum Limited has increased to Rs 581.489 million in the quarter ended March 31, 2008 as compared to Rs 405.695 million earned in the corresponding period in FY07.The Board of Directors of the company in its meeting held on Tuesday declared that the earning per share of the company surged to Rs 12.11 in the period under review against Rs 8.45 in the same period a year back. According to the financial results, the company’s sales increased to Rs 14.987 billion in this quarter against Rs 10.944 billion in the same period in previous year. Source : Business Recorder
News : The state run oil marketing firm, Pakistan State Oil (PSO) has stopped the fuel supply to Hub Power Company (Hubco) over non-payment issue as all the oil-marketing companies in Pakistan are facing liquidity problems. A source in the petroleum ministry told Daily Times on Wednesday, “Pakistan State Oil (PSO) has stopped the fuel supply to Hubco for non-payment of dues. HUBCO has to pay dues of over Rs 2 billion to PSO.” After this decision of the PSO, Hubco would have to face the issue of maintaining oil stock. “PSO would resume supply of oil to Hubco only after obtaining a letter of comfort from the ministry of Water and Power,” … Daily Times
Shell Pakistan has warned the new government to close its operations in Pakistan if differential claims were not paid to it,…. Sources in Petroleum Ministry said that MD Shell, Ismail Zavergi, has held a meeting with the Prime Minister Yousaf Raza Gillani and raised the issue of non-payment of differential claims. MD Shell has said the company has to receive Rs 9.3 billion differential claims from government and if this amount were not paid then it would close its operations in Pakistan. He also raised the issue of revision of oil pricing formula in which government was going to reduce the margin of the Oil Marketing Companies (OMCs). He said that government was not paying differential claims on one side and was working to change oil-pricing formula on the other side to reduce the margin of the companies… Daily Times
Upper Caps : PAKRI / PICT / Azgard Nine / Maple Leaf / Callmate Telips ( every dog has its day !)
Market Low : 15,462.35 High : 15,637.04
Market Close : 15,540.35 — 1.89 points up.
