7,834
August 5, 2009
The KSE-100 index made an intra-day high of 7,896 and closed up at 7,834. The market should break 7,900 and hold to go through 8k with some correction along the way. Perhaps the ‘’badla'’ issue will be sorted out before the result season ends, giving the market a much needed boost to sustain its daily gains.
Dividends : Lucky Cement has announced on Wednesday its fiscal year 2009 (FY09) results. It has booked profits of Rs4.6 billion, earning per share (EPS) of Rs14.21 versus Rs2.7 billion (diluted EPS of Rs8.28) in FY08 showed a handsome growth of 72 per cent. The company has announced a final cash dividend of 40%…. The News
News : The Securities and Exchange Commission of Pakistan (SECP) has imposed a fine of Rs2 million on United Bank (UBL) for failing to comply with the provisions of Listing Regulations of the Karachi Stock Exchange (KSE)…..The SECP had served a show-cause notice to the UBL on March 12 for allegedly placing financial results for the period ending December 31, 2008 on its website before dissemination of financial results to the KSE while the board meeting was still in progress….The News
Market Low : 7,796.22 High : 7,896.19
Market Close : 7,834.69 — 38.47 points up
