
The KSE-100 index closed at its highest level for 2009 as the market was boosted by the approval of the Bhasha dam project and the news of the launch of margin financing in the near future. While volumes were relatively low at 97.7 million , the market made an intra-day high of 8,118 and closed up at 8,107.
Dividends : Habib Bank Limited (HBL) has announced a profit after tax of Rs6.6 billion for the first half of calendar year 2009 ended on June 30. This is three per cent higher than Rs6.4 billion profit posted in the corresponding period of last year. The bank, however, announced no payout for ordinary shareholders along with the review of half yearly financial accounts. Net profits translated into Earning per Share at Rs7.2 against Rs6.98 EPS recorded in the first half of calendar year 2008… Source : The News
News : The Trading Affairs Committee of the Karachi Stock Exchange (KSE) on Friday rejected the margin financing mechanism and demanded the re-launching of modified CFS MK-II leverage product. The committee, in its meeting held on Friday evening, completely refused to accept the current margin financing draft approved by the Securities and Exchange Commission of Pakistan (SECP) and formed a sub committee, comprising of 5 members, to discuss the matter with SECP commissioner Sohail Dayala on Monday (24 August)… The Nation
The Karachi Stock Exchange (KSE) has revised the list of margin eligible securities for ready market on the basis of eligibility criteria approved by the Securities and Exchange Commission of Pakistan (SECP), effective from September 21st…the new list included 40 scrips which would be acceptable as collateral against exposure margins and market-to-market losses….The new list includes ABL, ACPL, AHL, AHSL, AICL, AKBL, ANL, APL, ATRL, BAFL, BAHL, BOP, BOSI, DGKC, Engro, EPCL, FABL, FFBL, FFC, HBL, HUBCO, ICI, JOVC, JSCL, JSIL, KAPCO, Luck, Mari, MCB, NBP, NETSOL, NIB, OGDC, PAEL, PAKRL, PKGS, POL, PPL, PRL, PSO, PTCL, Shell, SNGP, SPL and UBL…The News
Market Low : 7,973.45 High : 8,118.16
Market Close : 8,107.94 — 134.49 points up