7,674
July 28, 2009
The KSE-100 index made a low of 7,580 today and then recovered to close at 7,674. Volumes were relatively low with 64.5 million shares traded. The market has lost nearly 200 points in the last 3 sessions on the SBP rate cut delay, the rupee getting fucked again and still no leverage product.
Dividends : Engro Chemicals (Engro) has announced a net profit at Rs1 billion for the first half of the year ended on June 30th. This is 33 per cent lower than Rs. 1.6 billion profits recorded in the same period in 2008. The company managed to announced first interim cash dividend of 20 per cent or Rs2 per share, … the Earning Per Share (EPS) translated into Rs3.50 against Rs5.22 last year. “The decrease in earnings was largely on account of higher financial charges & squeezing gross margins,” said Farhan Rizvi at JS Research…. The News
Market Low : 7,580.60 High : 7,711.06
Market Close : 7,674.77 — 36.29 points down
