15,479 - the tick size changes
April 28, 2008
The KSE-100 index opened up and made a high of 15,594 > The market was unable to sustain its gains and closed up at 15,479. BOP was the flavour of the day with 17.9 million shares traded. The tick size (the minimum price change) has been changed to day from 0.05 to 0.01 . The next upward resistance is 15,600.
Dividends : OGDC : 22.5% Cash EPS : 8.43 / Fauji Fertilizer : 35% Cash EPS : 3.53 / United Bank : EPS : 3.87 Bank Alfalah : EPS : 1.25
The profit after tax of Oil and Gas Development Company Limited (OGDCL) has increased to Rs 12.243 billion in the quarter ended March 31, 2008 as compared to Rs 11.514 billion earned in the corresponding period in 2007…the company’s net sales increased to Rs 31.944 billion in this quarter against Rs 25.491 billion in the same quarter last year. Royalty increased to Rs 3.395 billion against Rs 2.743 billion. Operating expenses however declined to Rs 3.941 billion against Rs 4.262 billion… Aaj News
News : The ministry of finance has constituted a new board of directors of the Bank of Punjab. According to a notification issued by the ministry of finance, Suhail Ahmed, Shafqat Elahi, Shafqat Mehmood, A. Aslam, Aneeq Khawar and Javed Mehmood will be the members of the new board of BoP…The new board will meet tomorrow to elect the new president… The News
Upper Caps : PAKRI / Attock Refinery / JOVC /
Lower Cap : Askari Bank
Market Low : 15,434.74 High : 15,594.85
Market Close : 15,479.22 – 44.47 points up
