6,266
March 18, 2009
Another day of upside for the Karachi Stock market making a high of 6,286 . The last time the market was at these index levels was on 29th Dec. 08, on its way down. It’s possible that there could be some correction coming this week as the market has risen 515 points in the last 3 sessions (nearly 9%) . The next upward resistance is around 6,450.
Dividends : National Bank of Pakistan : 20% Bonus + 65% Cash - EPS : 17.48
National Bank of Pakistan (NBP) reported on Wednesday an 18.8 percent fall in its 2008 full-year profit which analysts attributed to higher provisioning for bad loans. NBP reported in a statement to the Karachi Stock Exchange (KSE) a net profit of 15.46 billion rupees ($192.6 million) for the full year to Dec. 31, down from 19.03 billion rupees the previous year… Aaj News
Italian oil and gas group Eni aims to double its oil production in Pakistan over the next five to six years from the 56,000 barrels of oil equivalent in 2008, Chief Executive Paolo Scaroni said on Wednesday… Aaj News
Market Low : 6,113.03 High : 6,286.38
Market Close : 6,266 – 127.47 points up
