5,707
March 12, 2009
Dividends : United Bank Limited’s profit after tax stood at Rs 8.4 billion in 2008, translating into earnings per share of Rs. 8.26…The bank achieved a consolidated profit before tax of Rs 14.1 billion in 2008, 2 percent higher than last year’s profit. Profitability in 2008 was partly impacted by the decision to charge 50 percent of the impairment loss on the equities portfolio amounting to Rs 1.88 billion against this year’s P&L statement, although the State Bank of Pakistan has allowed banks to defer booking the loss till 2009. Without the impairment loss, the bank’s profit before tax would have reached Rs 15.9 billion, 15 percent above last year’s profit… Daily Times
News : The Hubco Narowal Plant will start commercial operation by March 2010…Hubco, one of the largest independent power producer in Pakistan is setting up this combined cycle power plant based on reciprocating engines technology with an investment of about $300 million and having an ISO installed capacity of 225MW at District Narowal, Punjab.The plant will start supplying electricity to national grid from end of March 2010… Daily Times
Market Low : 5,557.92 High ; 5,733.14
Market Close : 5,707.09 – 149.17 points up
