9,411
October 19, 2009The KSE-100 index got severely gang-banged today with panic selling dropping the index to an intra-day low of 9,384. The market closed 4.34% down, losing 426 points. A correction had been long overdue and the market could slide further down to 9,100.
Dividends : Arif Habib Securities has posted a profit after tax of Rs2.01 billion for the quarter ended September 30. With this, un-audited accounts of the company have turned into profits from a loss of Rs269.90 million in the same quarter last year.This translates into earning per share (EPS) of Rs5.37 for the quarter under review from loss per share (LPS) of Rs0.72 in the corresponding quarter in 2008.The profit came due to a notable surge in ‘gain on re-measurement of investment-net’ to Rs1.87 billion from Rs308.82 million. Moreover, a surge in operating profits to Rs2.19 billion for the quarter from Rs446.29 million in 2008 quarter also played equally an important role… Source : The News
Market Low : 9,384.10 High : 9,864.52
Market Close : 9,411.29 — 426.83 points down !!
