http://karachistockmarket.blogsome.com The rollercoaster of a day trader's dream/nightmare riding the KSE. Sat, 31 Oct 2009 00:01:38 +0000 http://backend.userland.com/rss092 en Dividends : Lucky Cement earned Rs 1.103 billion profit after tax in first quarter of current financial year against Rs 963 million in the same quarter of last year, showing 14 percent growth….the  company’s earnings per share increased from Rs 2.98 per share to Rs 3.41 per share in the ... http://karachistockmarket.blogsome.com/2009/10/30/9159/ News : Engro Chemicals (Engro), Pakistan’s second largest urea manufacturer, said on Thursday in a letter to the Karachi Stock Exchange (KSE) that it planned to enter the rice processing and export business. It proposed setting up a rice processing plant in the province of Punjab which was expected to ... http://karachistockmarket.blogsome.com/2009/10/30/9169/ Dividends : Engro Chemicals Pakistan posted Rs 2.599 billion net profit in the nine months ended September 30, 2009 as compared with net profit of Rs 3.359 billion for the same period of last year…Daily Times The Hub Power Company (HUBCO) earned Rs 1.108 billion profit during the first quarter of ... http://karachistockmarket.blogsome.com/2009/10/28/9251/ Dividends : ICI Pakistan has posted a profit after tax of Rs1.58 billion for nine months ended September 30. This is 16.65 per cent higher than Rs1.35 billion net earnings the company booked in the same period last year.Accordingly, total earnings translate into earning per share of Rs11.40 against Rs9.78 ... http://karachistockmarket.blogsome.com/2009/10/27/9315/ After a week of being buggered sideways (an intra -week loss of a 1000 odd points - 7%)  , the KSE-100 index opened on a strong note, making a high of 9,415 and closed up at 9,374. While some investors are still full of Vaseline, the index could crawl back ... http://karachistockmarket.blogsome.com/2009/10/26/9374-some-recovery/  Dividends : MCB Bank Limited has posted Rs 11.8 billion profit in the first nine months of current calendar year against Rs 11.6 billion in the same months of last year. The Board of Directors of MCB Bank Limited approved the financial results for the nine months period ended September ... http://karachistockmarket.blogsome.com/2009/10/25/9150/ Jahangir Siddiqui & Co. Ltd (JSCL) : 24th Habib Bank Ltd (HBL) Allied Bank Ltd. (ABL) Arif Habib Bank Ltd. (AHBL)  Packages Ltd. (PKGS) : 26th Fauji Fertilizer Co. Ltd (FFC) Kot Addu Power Co. (KAPCO) : Nishat Mills (NML)  United Bank Ltd (UBL) ICI Pakistan Ltd : (ICI) 27th Engro Chemical Ltd. (ENGRO) ... http://karachistockmarket.blogsome.com/2009/10/23/board-meetings-for-october-2009-ii/ News : Banks’ and DFIs’ profits are likely to witness a significant increase of some 10-12 percent in 2009 with the State Bank’s move to allow them to avail 40 percent benefit of Forced Sale Value (FSV) of collateral for calculating provisioning requirement,…"SBP’s moves would put positive impact on the ... http://karachistockmarket.blogsome.com/2009/10/22/9154/   The KSE - 100 index got reamed again and closed down at 9,247, 321 poinrs down. A proper correction is taking place after some time and one could see 9,100 by the end of the week. Oil crossed $ 80 today. Market Low : 9,232.10 High : 9,569.07 ... http://karachistockmarket.blogsome.com/2009/10/21/9247-another-bashing/ The Karachi Stock market rebounded today after being the world’s worst performer yesterday, and closed up at 9,569. Market Low : 9,371.96 High : 9,645.92 Market Close : 9,569.06  — 157.77 points up http://karachistockmarket.blogsome.com/2009/10/20/9569/ Shell Pakistan Ltd. (SHEL) : EPS : 24.88 Arif Habib Securities (AHSL) : EPS : 5.37 Arif Habib Ltd. (AHL) : EPS : 3.26 Attock Petroleum Ltd. (APL): EPS : 12.74 National Refinery Ltd (NRL): EPS : 8.47 Attock Cement (ACPL) : EPS : 3.27 Fauji Fertilizer Bin Qasim (FFBL) : 12.5% Cash - EPS : ... http://karachistockmarket.blogsome.com/2009/10/20/results-dividends-for-october-2009/ The 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 ... http://karachistockmarket.blogsome.com/2009/10/19/9411/ News :  The State Bank of Pakistan continues to deny the MCB Bank approval to its acquisition of the Royal Bank of Scotland Pakistan as sponsor shares have yet to be deposited in a blocked CDC account as required by the central bank. It had emerged last week that the ... http://karachistockmarket.blogsome.com/2009/10/18/9838/ Board Meetings for October 09 - updated Market Low : 9,781.37  High : 9,936.36 Market Close : 9,845.73 — 41.12 points up http://karachistockmarket.blogsome.com/2009/10/15/9845/ News: Pakistan Petroleum Limited (PPL) might forgo its plan of searching oil and gas reserves internationally following acquisition of new exploration licences at home, its Managing Director Khalid Rahman said.Stiff competition from foreign firms, low margins and financial constraints are some other reasons which have made Pakistan’s second largest gas ... http://karachistockmarket.blogsome.com/2009/10/14/9804/ The National Investment Trust (NIT), the oldest and leading open-end mutual fund in the country, has reported a growth of 43.4 per cent in its net earnings to Rs2,071 million for the quarter ended September 30, 2009. The Trust had earned Rs1,444 million in the same quarter last year….The net ... http://karachistockmarket.blogsome.com/2009/10/13/9686/ http://karachistockmarket.blogsome.com/2009/10/12/9642/ OCTOBER 9TH Market Low : 9,728.80  High : 9,924.94 Market Close : 9,768.63 — 27.76 points up   http://karachistockmarket.blogsome.com/2009/10/11/9768/ Market Low : 9,705.58 High : 9,937.73 Market Close : 9,740.87 — 95.63 points down http://karachistockmarket.blogsome.com/2009/10/08/9740/ News : British Petroleum and Production Inc has won bids for two new exploration blocks at Digri and Sanghar South in Sindh province. These blocks were awarded in a government licencing round held at the Directorate of General Petroleum concessions last month. Currently BP produces 15 percent of Pakistan ’s ... http://karachistockmarket.blogsome.com/2009/10/07/9836/ News :  The Board of Directors of Karachi Stock Exchange (KSE) has developed a new leverage product, called Margin Trading System (MTS), and has sent its concept paper to the apex regulator, the Securities & Exchange Commission of Pakistan (SECP), for approval…The Margin Trading System that is similar to CFS ... http://karachistockmarket.blogsome.com/2009/10/06/9643/ Shell Pakistan Ltd. (SHEL) : 15th Arif Habib Securities (AHSL) : 16th - 4.30pm Arif Habib Ltd. (AHL) : 19th - 4pm Attock Petroleum Ltd. (APL) National Refinery Ltd (NRL) Attock Cement (ACPL)  Fauji Fertilizer Bin Qasim (FFBL) : 21st Pakistan Refinery Ltd. (PRL) : 22nd Pakistan Oilfields Ltd. (POL) Attock Refinery Ltd. ... http://karachistockmarket.blogsome.com/2009/10/06/board-meetings-for-october-2009/ Market Low : 9,455.15  High : 9,562.35 Market Close : 9,487.95 — 32.80  points up http://karachistockmarket.blogsome.com/2009/10/05/847/ News : Under its expansion plan, after a successful acquisition deal with Mybank, Arif Habib Bank has now decided to purchase majority shares of Atlas Bank, sources in banking industry told Business Recorder on Friday. "Negotiations between the management of Arif Habib Bank and Atlas Bank Limited have been initiated ... http://karachistockmarket.blogsome.com/2009/10/04/9455/ Dividends : Pakistan Oilfields Limited (POL) has earned Rs 5.618 billion in the year ended on June 30, 2009 against Rs 8.616 billion in the previous year. The earnings per share of the company decreased to Rs 23.75 in the year under review over Rs 36.43 in the last year,…The ... http://karachistockmarket.blogsome.com/2009/10/01/9301/ The Karachi Stock Exchange (KSE) has re-composed the KSE–100 Index for the review period from March to August 2009, as per the Re-composition Rules of the KSE-100 Index. The companies included in the index are: First Haibib Modaraba,Sigma Leasing Corporation of Pakistan,Habib Sugar Mills Limited,Agriauto Industries Limited,East West Insurance Company Limited,Millat ... http://karachistockmarket.blogsome.com/2009/10/01/kse-100-index-recomposed-3/ Italy’s ENI is expanding in Pakistan with a new onshore gas concession and is in longer-term talks to bring gas from the Caspian Sea region to Pakistan, India and China, its CEO said on Wednesday.…Scaroni said ENI, which through its acquisition of Lasmo in 2000 is Pakistan’s first gas company, ... http://karachistockmarket.blogsome.com/2009/09/30/9349/ No rate cut was announced in the Monetary Policy announcement today and the discount rate remains at 13%. Dividends :  Pakistan Telecommunication Company Ltd has announced that it achieved a profit after tax of Rs9.151 billion in financial year 2008-09 against a loss of Rs2.82 billion in the previous year. ... http://karachistockmarket.blogsome.com/2009/09/29/9475-no-rate-cut/ The KSE-100 index took a long overdue bashing and closed down by 254 points. Whether the market is a sell as a whole now remains to be seen. There could be further corrections this week. The State Bank of Pakistan is due to announce its monetary policy for the next ... http://karachistockmarket.blogsome.com/2009/09/28/9409-some-correction/ Market Low : 9,643.35  High : 9,842.16 Market Close : 9,664.25 — 49.58 points down http://karachistockmarket.blogsome.com/2009/09/27/9664/ The KSE-100 index opened up and went through the roof with a gain of 277 points. A massive 304 million shares were traded today. In the last 5 sessions the market has risen by 684 points ( 7.57% ). Market Low : 9,436.82  High : 9,762.54 ... http://karachistockmarket.blogsome.com/2009/09/24/9713/ The Karachi Stock Exchange will be closed from Monday to Wednesday 21st-23rd September on account of public holidays for Eid in Pakistan. Trading will resume from Thursday 24th Sept. http://karachistockmarket.blogsome.com/2009/09/21/market-closed-11/ News : Two fertilizer plants, M/s Fatima Fertilizer Plant Rahim Yar Khan and M/s Engro Chemicals Plants at Dharki are near to completion and expected to be operational by November this year and October 2010 respectively. These plants will produce more than one million tonnes of fertilizer annually which will ... http://karachistockmarket.blogsome.com/2009/09/20/9436/ Dividends : DG Khan Cement has recorded a Rs 525 million net profit in the year ended June 30, 2009, overcoming a loss of Rs 53 million in the last year. The earnings per share also rose by Rs 1.96 during the year under review against Rs 0.21 loss per ... http://karachistockmarket.blogsome.com/2009/09/17/9234/ Board Meetings : DGKC and JSCL will annouce their results 2moro. Market Low : 9,029.45  High : 9,151.26 Market Close : 9,137.06 — 107.61  points up   http://karachistockmarket.blogsome.com/2009/09/16/9137/