7,794 - more volatility
April 19, 2009Friday saw the KSE-100 index dip down to a low of 7,524, and then in the second session the index bounced back on the news of $5.28 billion pledged in the FODP meeting in Tokyo. Making a high of 7,910, the market closed at 7,794. The Monetary Policy will be announced on Monday 20th April. A zero to nominal interest rate cut is expected.
The result season will be in full swing from next week with POL, PSO, OGDC & FFC to announce their results amongst several other companies.
Dividends : Attock Cement Pakistan Limited (ACPL) registered phenomenal growth of 194 percent in its net profit in the 1st quarter of 2009 on the back of heavy growth in its sales and gross level margins. Net profit came to Rs317 million in January-March 2009 against Rs108 million in the corresponding period of previous year. Earnings per share (eps) also jumped to Rs 4.41 in the period under review from Rs 1.50 in the same period of previous year… Daily Times
Market Low : 7,524.09 High : 7,910.63
Market Close : 7,794.95 – 124.87 points up.
