http://karachistockmarket.blogsome.com The rollercoaster of a day trader's dream/nightmare riding the KSE. Tue, 15 Dec 2009 21:49:31 +0000 http://backend.userland.com/rss092 en News : Five new directors were elected to Karachi Stock Exchange (KSE) Board on Tuesday. The annual election was held to elect five new directors for the next term commencing from January 1, 2010….the five candidates who have been declared successful are: Abid Ali Habib, Muhammad Yasin Lakhani, Dawood Jan ... http://karachistockmarket.blogsome.com/2009/12/15/9266/ The KSE-100 index shot up on the news that Abu Dhabi had bailed out Dubai World with a $10 billion package. The market closed up by 2.69% at 9,280. Whether the market will continue upwards and successfully break its next resistance llevel of 9,300 remains to be seen. News : The ... http://karachistockmarket.blogsome.com/2009/12/14/9280/ News : Sui Southern Gas Company (SSGC) has inked an Extended Well Text (EWT) Gas Sales and Purchase Agreement (EWT-GSPA) with Hycarbex-American Energy Inc (HAE). Hycarbex, the operator of the field, will supply up to 28 million cubic feet per day (mmcfd) of gas for 15 months from the Haseeb ... http://karachistockmarket.blogsome.com/2009/12/12/9037/ News : Moody’s Investors Service on Thursday has issued a new sovereign report on Pakistan that explains its reasoning for the B3 rating and stable outlook. "Pakistan’s B3 rating reflects the stabilization of economic and financial strength, albeit at low levels," says Aninda Mitra, Moody’s sovereign analyst for Pakistan, …..The ... http://karachistockmarket.blogsome.com/2009/12/10/8999/ Market Low : 8,818.04  High : 8,930.52 Market Close : 8,905.43 — 61.47 points up http://karachistockmarket.blogsome.com/2009/12/09/8905/ News :  The board of directors of Karachi Stock Exchange (KSE) has approved ready market short-selling for KSE-30 Index companies from January 4, 2010….The eligible securities for short selling are:  Arif Habib Securities (AHSL), Adamjee Insurance Company (AICL), Azgard Nine (ANL), Attock Petroleum (APL), Attock Refinery (ATRL), Bank Al Falah (BAFL), ... http://karachistockmarket.blogsome.com/2009/12/07/8992-9k-breaks/ News : The Oil and Gas Development Company Limited (OGDC) has held China Petroleum Engineering and Construction Company (CPECC) and a private sector company responsible for the delay in the installation of Front End Compression (FEC) for the Qadirpur gas field. Zahid Hussain, Managing Director/CEO of OGDC, in a letter ... http://karachistockmarket.blogsome.com/2009/12/06/9009/ News : Having lost over $800 million, $1.5 million per day, the state-owned largest exploration and production company, Oil and Gas Development Company Limited (OGDCL), is considering an out-of-court settlement with a private sector company, which is engaged in litigation with it in different courts including Supreme Court and high ... http://karachistockmarket.blogsome.com/2009/12/03/9096/ Market Low : 9,013.04  High : 9,132.56 Market Close : 9,087.70 — 74.66 points up   http://karachistockmarket.blogsome.com/2009/12/02/9087/ The KSE-100 index opened down on panic selling based on the Dubai debt ‘Crisis ‘ . Most other markets have rebounded  and risen since last week and hopefully the KSE-100 will do the same in this week. News : United Bank Ltd said Tuesday that its UAE balance sheet and operations ... http://karachistockmarket.blogsome.com/2009/12/01/9013/ The Karachi Stock Exchange will remain closed from Friday 27th Nov. until Monday 30th Nov. due to Eid holidays in Pakistan. Trading will resume from Tuesday, Dec. 1st. http://karachistockmarket.blogsome.com/2009/11/27/market-closed-for-eid/ Market Low : 9,168.28  High : 9,247.13 Market Close : 9,206.21 — 1.64 points up     http://karachistockmarket.blogsome.com/2009/11/26/9206/ News : A first cousin of late Benazir Bhutto - Mehfooz Mustafa Bhutto - has emerged as a central figure in a brewing controversy surrounding the highly questionable contract of $20 million by the Oil & Gas Development Company Limited (OGDC). Mehfooz is the marketing director of the lucky USA-based ... http://karachistockmarket.blogsome.com/2009/11/25/9204-2/ Posting has been sporadic of late and will improve from now onwards.   News : The State Bank of Pakistan cut on Tuesday its key policy rate by 50 basis points to 12.5 percent for December and January to spur economic growth, but it remained cautious because of the country’s security situation. ... http://karachistockmarket.blogsome.com/2009/11/24/9233-rate-cut-by-50bps/ Market Low  :  9,144.76  High : 9,284.47 Market Close : 9,251.19 — 106.43 points up   http://karachistockmarket.blogsome.com/2009/11/19/9251-2/ Market Low : 9, 184.75  High : 9,362.12 Market Close : 9,204.98 – 99.03 points down http://karachistockmarket.blogsome.com/2009/11/17/9204/                     Market Low  :  9,067.17  High :  9318.32  Market Close : 9,304.31  — 237.14 points up   http://karachistockmarket.blogsome.com/2009/11/16/9304/   News : D.G. Khan Cement Ltd., Pakistan’s second-biggest producer, plans to invest 30 billion rupees ($360 million) to build a factory at home and in Sri Lanka, aiming to double capacity and tap demand in South Asia and East Africa. The company plans to invest as much as 10 ... http://karachistockmarket.blogsome.com/2009/11/12/8924/ http://karachistockmarket.blogsome.com/2009/11/05/9112/ Market Low :   High : 8,979.50 Market Close : 9,154.99 –216 points up     http://karachistockmarket.blogsome.com/2009/11/04/9154-2/ Dividends : National Bank of Pakistan (NBP) earned profit after tax of Rs10.1 billion in first nine months of current calendar year against Rs 12 billion in the same months of last year.The net profit of the bank translated into earnings per share of Rs 9.34 during the months under ... http://karachistockmarket.blogsome.com/2009/11/03/8938/ Market Low : 8,835.06   High : 9,182.40 Market Close : 8,872.40 — 286.78 points down http://karachistockmarket.blogsome.com/2009/11/02/8835/ 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/