7,834
April 21, 2009The market made a high of 8,038 and unable to sustain its gains it fell to a low of 7,815, closing down at 7,834. Breaking the 8k index level appears to be a hard nut to crack and it seems the 1% rate cut did not provide the impetus to do it. It’s still possible that good results could take the market to 8,400-500 in the next few days.
Dividends : The profit after tax of Pakistan Oilfields Limited (POL) has declined to Rs 821.818 million in the quarter ended March 31, 2009 as compared to Rs 1,703.017 million earned in the corresponding period in 2008… the company’s earning per share has decreased to Rs 3.47 in the period under review against Rs 7.20 in the same period a year back… Aaj News
Kapco announced its third quarter 2008-09 result, which shows a growth of 9 percent on a year on year basis… The company posted NPAT of Rs 4.17 billion against NPAT of Rs 3.82 billion in the corresponding period last year. Topline rose by 44 percent YoY to reach Rs 53 billion in said period versus Rs 37 billion in the same period last year. The surge in topline is on the back of a weaker Rs against the greenback as Kapco’s tariff is indexed to the Us dollar and also due to a higher amount of electricity generated in the review period… Daily Times
Fauji Cement has posted profit after tax of Rs701.208 million for the nine months of 2008-09. According to financial results of the company dispatched to the Karachi Stock Exchange (KSE) here on Tuesday, the profit before tax improved to Rs976.597 million for the period ending March 2009. Earning per share improved to Rs0.945 during the period under review… Source : The News
Market Low : 7,815.76 High : 8,038.02
Market Close : 7,834.14 – 68.34 points down
