KARACHI STOCK MARKET NEWS

Callmate Telips : Nov.8th

National Bank of Pakistan : Nov. 10th 

Faysal Bank - Oct.19th

Fauji Fertilizer - Oct.22nd
Lucky Cement
Kot Addu Power Company
Indus Motor
Attock Cement
Golden Arrow Selected Fund 

Fauji Cement - Oct 23rd
Allied Bank Ltd
Pakistan Premier Fund - 4pm 

ICI Pakistan - Oct.24th 

Packages - Oct. 25th
National Refinery Ltd
Attock Refinery Ltd
Pakistan Oilfields Ltd
Attock Petroleum Ltd
Maple Leaf Cement
Muslim Commercial Bank Ltd
OGDC 

Engro Chemical - Oct.26th
Bank of Punjab
Pakistan Refinery - 4.30pm
J.O.V&Co - 4.45 pm
Arif Habib Ltd - 5pm 

Soneri Bank Ltd - Oct. 27th
Crescent Commercial Bank Ltd
Bosicor Refinery 

Bank Alfalah Ltd - Oct.28th 

Sui Northern Gas Pipelines Ltd - Oct 29th
Standard Chartered Bank (Pakistan ) Ltd
Pakistan State Oil
Adamjee Insurance
Nishat Mills Ltd
D.G.K. Cement
Arif Habib Securities Ltd - 4pm 

Pakistan Petroleum Ltd - Oct.30th
United Bank Ltd
Pakistan Telecommunication Co. Ltd.
Netsol Technologies Ltd 

HUBCO - Oct.31st 

The Karachi Stock market soared further upwards making another new intra-day high of 14,802 and closing up at a new high of 14,755. Cements were the flavour of the day with DGKC and Lucky trading 48 and 43 million out of a massive volume of 485.3 million shares traded today. The next upward resistance is 14,900 and there could be some sell off in 2moro’s Friday show.
The Big Tealeaf has returned after 8 years in typical 3rd world fanfare, eager to get her hands into a bigger than ever till for the third time. A criminal waste of taxpayers money to have 20k police guarding an uncessary procession which caused several businesses to close, flights to be cancelled, petrol pumps closed and chaos in terms of traffic.

Dividends : Fauji Fertilizer Bin Qasim : 10% Cash, EPS : 1.08

Board Meetings for October - updated 

News : The oil marketing companies have raised furnace oil price by Rs 192 per ton to Rs 29,798.80 per ton due to soaring oil prices in the international market, dealers said. They said that two leading oil marketing companies–Pakistan State Oil (PSO) and Shell Pakistan–on Monday raised furnace oil prices by around one percent… Aaj News

The consolidated after tax profit of Habib Bank Limited (HBL) has increased by 24 percent or Rs 1.970 billion to Rs 10.166 billion in the nine-month period ended on September 30 as compared to Rs 8.195 billion earned in the corresponding period last year.The earning per share of the bank surged to Rs 14.64 in the period under review against Rs 11.80 in the same period last year… Aaj News

The Abu Dhabi Group and Bestway Group are considering jointly to acquire an aggregate of five percent (in equal proportion) of the capital of the United Bank Limited (UBL) through open market purchases or conversion of GDRs held by them.The two groups jointly have a controlling interest in the affairs of UBL as they each own 25.5 percent of the share capital of UBL … Aaj News

Upper Caps : JOVC + Arif Habib Ltd + NIB Bank

Market Low : 14,590.17  High : 14,802.61

Market Close : 14,755.22 — 165.05 points up 

The KSE-100 index corrected down to 14,253 and then recovered to close at a new all time high of 14,591 (intra-day high of 14,616). Due to the high price of oil at $88 , OGDC was the flavour of the day with 66.4 million shares traded from a total volume of 325.9 million. PSO also moved up by Rs.10.45 , POL by Rs.10.20 and PPL hit the 300 mark, up by Rs.12.55. The market looks like its headed towards 14,700 with 14,360 as the downside support.

Board Meetings : Fauji Fertilizer Bin Qasim + Shell Pakistan will announce their results 2moro. 

News :  Oil thundered more than $2 to a new peak above $88 a barrel on Tuesday, extending a nine-dollar rally since last week on tight supplies, strong demand and growing tensions in northern Iraq.The record surge raised alarm bells for producer group OPEC, which voiced concern over the high price and blamed rampant speculation by big money investors rather than any shortage of supply… The News

Upper Caps : Packages + Maple Leaf Cement

Market Low : 14,253.29  High : 14,616.42

Market Close : 14,591.95 – 128.17 points up 

Pace Pakistan - Oct.6th
Worldcall Telecom 

Telecard - Oct.9th 

Habib Bank Ltd - Oct.17th 

Fauji Fertilizer Bin Qasim - Oct. 18th
Shell Pakistan 

Shell Pakistan (Shel) : 6th August

Pakistan State Oil (PSO) : 7th August
Pakistan Oilfields Ltd. (POL) 

Telecard (TELE) : 8th August

Golden Arrow Selected Fund (GASF) : 9th August
Callmate Telips (CTTL) 

Pakistan Petroleum Ltd (PPL)  : 10th August
Faysal Bank (FABL)
Allied Bank Ltd (ABL) 

Askari Bank Ltd (AKBL)  : 16th August
Soneri Bank Ltd. (SNBL)

National Refinery (NRL) : 17th August 

Nishat Mills Ltd (NML) : 20th August
Crescent Commercial Bank (CCBL) : 14.30 pm

Fauji Cement Ltd (FCCL) : 21st August 

OGDC : 22nd August
Pakistan Refinery (PRL)

Packages Ltd (PKGS) : 14.00 pm 23rd August
ICI
MCB : 15.00 pm
Bank Al-falah (BAFL) : 17.15 pm 

National Bank of Pakistan (NBP) 25th August 

Bank of Punjab (BOP) : 28th August
Standard Chartered Bank Pakistan Ltd (SCBPL) 

Kapco : 30th August 

Indus Motors (INDU) : 31st August 

PICIC Growth Fund (PGF) : 18th July 

Engro Chemical Ltd. (ENGRO) : 20th July 

Pakistan Premier Fund (PPFL) : 21st July 

United Bank Ltd (UBL) : 24th July 

Fauji Fertilizer Bin Qasim (FFBL) : 26th July
Unilever (ULEVER)

Arif Habib Ltd (AHL) : 28th July

Fauji Fertilizer (FFC) : 30th July
Arif Habib Securities Ltd (AHSL) 3.p.m  

The KSE-100 index seems to be struggling at these levels despite making a lower low of 13,505 today. BOP was the volume leader of the day with 37.7 million shares traded and was bashed down to Rs.111.70 on some news of loan defauting. Cements were the flavour of the day with Lucky up by Rs.5.75 , closing at 126.75. PSO was bashed down by Rs.11 to Rs.405 on the news of a further delay in the bidding date. While there is some stock specific activity, the market in general looks shaky and must close above 13,600 for further upside to continue. If not the cobwebs might well be shaken of the Vaseline jars as downside could see 13,250 and lower. Possibly with 2moro’s Friday show there could be a long overdue shakeout.

Board Meeting : Callmate Telips on June 25th, 11.a.m 

The Privatisation Commission and qualified parties/consortiums’ representatives on Wednesday failed to reach any understanding on some key legal and financial issues here, making it next to impossible for the government to hold bidding for Pakistan State Oil (PSO) before the end of July or start of August… Business Recorder

The Pakistan Mutual Funds Association (PMFA) has demanded withdrawal of 35% tax imposed on the mutual funds industry in recent budget... Geo News

Lower Caps : Callmate Telips

Market Low : 13,505.47 High : 13,611.84

Market Close : 13,546.03 – 10.70 points down

Without casting an eye over its shoulder at yesterday’s correction, the KSE-100 index opened up with a gap and made a high of 12,189. Market volumes were the highest for some time with 399.4 million shares traded. After being dormant for the last few weeks ,OGDC was the flavour of the day based of news of new deposits (see below)with 58.7 million shares traded. Making a high of 125.3, it closed up Rs.4.35 at 124.55. PPL closed up by Rs.7.85 at 265.8 , NBP up Rs.6.40 at 250.8 and MCB up Rs. 7.3 to close at 293.85.
The Karachi stock market seems to be on track to test its all time high of 12,337.

Dividends : Askari Commercial Bank Ltd . EPS : Rs.2.41   Askari Commercial Bank Ltd.,Pakistan’s seventh-largest bank reported a 75 percent rise in first-quarter profit, because of higher loans. Net income increased to 726 million rupees ($12 million) or 2.41 rupees a share in the three months ended March 31, from 413.8 million rupees, or 1.38 rupees, a year ago.. Source - Bloomberg
Kapco : 9 month net profit down 41.7 % - Aaj News . Pakistan’s largest private power producer Kot Addu Power Co Ltd (Kapco) on Wednesday reported a 41.7 percent fall in nine-month net profit, as its 10-year-long tax relief on profit ended.
Board Meetings : FCCL + Packages + Nishat Mills are due to announce their results 2moro 

News : Oil & Gas Development Co.,Pakistan’s biggest explorer, found deposits at Sanghar in the country’s eastern region, the company said. The Singhoro area well will produce 1,600 barrels of oil and 4.14 million cubic feet of gas a day. The Singhoro area well will produce 1,600 barrels of oil and 4.14 million cubic feet of gas a day, the Islamabad-based  companysaid today in a notice to the Karachi Stock Exchange…Pakistan’s government, Oil and Gas Development Co., and Orient Petroleum Plc., hold 76%, 19 % and 5 % stake respectively in the Singhoro area…Oil & Gas Development produces 32,323 barrels of oil a day, or about half of the country’s total production, and 857 million cubic feet of natural gas a day, less than a quarter of the total… Source - Bloomberg

National Bank of Pakistan, the nation’s largest by assets, plans to expand into China as it seeks to build a network across Asia. The bank, 75 percent owned by the government, is seeking a partner from the Middle East to set up a bank or financial company in China next year.. …National Bank plans to sell as much as $250 million of shares overseas by December 2007… National Bank will open a branch in the Saudi Arabian capital Riyadh this year, convert its office in Tashkent, Uzbekistan into a full branch and open a wholly owned subsidiary in Toronto . The unit, which will be incorporated in Canada, will open as many as six branches in three years along the country’s east coast..The company also plans to acquire a small bank in Qatar, Sri Lanka or Bangladesh next year, said Raza, who spent 28 years at Bank of America Corp. in the U.S., Yemen, the U.K. and Pakistan before joining National Bank in 2000.The bank has 18 overseas branches, a subsidiary and four representative offices. National Bank’s profit rose 34 percent to 17.25 billion rupees last year and has soared from 461 million rupees since the government brought Raza in to run the bank seven years ago… Source - Bloomberg

Upper Caps : Pakistan Refinery + Attock Refinery

Market Low : 12,002.77  High : 12,204.35

Market Close : 12,189.29 – 186.52 points up.    

Bank Al-Habib Ltd (BAHL) : April 11th 

Arif Habib Ltd (AHL) : April 14th

Shell Pakistan Ltd (SHEL) : April 16th 2 p.m.

National Refinery Ltd (NRL) : April 17th 

Askari Commercial Bank Ltd (ACBL) : April 18th 10.30
Kot Addu Power Company Ltd (KAPCO)

Packages Ltd (PKGS) : April 19th
Fauji Cement Ltd. (FCCL)

Golden Arrow Selected Stocks Fund (GASF) : April 21st
PICIC Growth Fund (PGF)

United Bank Ltd (UBL) : April 24th
Soneri Bank Ltd. (SNBL) : 12.30
Lakson Tobacco Company Ltd (LAKST)
PICIC Commercial Bank (PICB)  

Pakistan Petroleum Ltd. (PPL) : April 25th
Bank Alfalah (BAFL)
Shell Gas LPG Pakistan Ltd. (SGLL)
Faysal Bank Ltd.(FABL)
ICI Pakistan Ltd (ICI)
Nishat Mills Ltd. (NML)
Pioneer Cement (PIOC)
Pakistan Premier Fund Ltd (PPFL) : 4.p.m 

Unilever Pakistan Ltd. (ULEVER) : April 26th
Bosicor Refinery Ltd. (BOSI)
Pakistan State Oil (PSO)
Oil & Gas Development Corp.Ltd (OGDC)
D.G.Khan Cement Ltd (DGKC)
Fauji Fertilizer Ltd (FFC) : 11.30
Cherat Cement Co.Ltd (CHCC)
Arif Habib Securities Ltd. (AHSL): 4.p.m

Sui Northern Gas Pipelines Ltd (SNGP) : April 27th
Bank of Punjab (BOP)
Muslim Commercial Bank Ltd. (MCB)
Indus Motors (INDU)
Attock Cement Ltd (ACPL)
Pace Pakistan Ltd. (PACE)
Standdard Chartered Bank Pakistan Ltd. (SCBPL) : 3.pm 

Crescent Commercial Bank Ltd. (CCBL) : 28th April
National Bank of Pakistan (NBP)
Pakistan Oilfields Ltd (POL) 

Pakistan Telecommunications Co. Ltd (PTCL) : April 30th 

Nestle Pakistan Ltd ( NESTLE) : 5th March

Crescent Commercial Bank Ltd (CCBL) : 6th March 14.30 pm

Adamjee Insurance Ltd. (AICL) : 8th March 

Pakistan Industrial Credit and Investment Corporation Ltd (PICIC) : 15th March

The Karachi Stock market made a high of 11,674, dipping down to 11,502 and closed up at 11,643. NBP made an incredible recovery to close up Rs.13.6 at 295.5. BOP made its highest close in nearly a year at 127. PSO, PRL and Shell got a good bashing down. While it looks like the correction is over, there might be another dip downwards. The next upward resistance is 11,720 followed by 11,830.
SCRA inflow of another $28m takes February’s total to 137.7 million and the fiscal year’s total to $519 million.

Dividends : Pakistan Refinery : EPS = Rs. (27.11) LOSS AFTER TAXATION RS. IN MILLION (813.260)
National Refinery : EPS = Rs.16.82
Rafhan Maize : 350% Cash. EPS = Rs.87.62
Board Meetings for February 2007 - updated
No result for HUBCO has been posted as yet. 

Pakistan Refinery Ltd., the nation’s third-largest oil processor, posted a loss in the first-half of the year, because crude prices fell. The refiner reported a net loss of 813 million rupees ($13.4 million), or 27.11 rupees a share, in the six months ended Dec.31, from a profit of 673 million rupees, or 22.42 rupees, a year earlier, the Karachi-based refiner said today in a statement to the stock exchange. Source : Bloomberg

News :The Federal Minister for Industry & Production Jehangir Tareen said that the Government would not allow cement black-marketing and price hike.Talking to Geo News, he said that the cement price of Rs.260 per bag was too much and steps would be taken to reduce it…. meeting on Feb.20th… Geo News