Karachi Stock Maraket Weekend Analysis

Bullish trend is consistent in KSE, and market is going up by leaps and bounds. In last week KSE has crossed two psychological levels and reached at 8541.22 points after increment of 5.34 percent 433.28 points. And the parallel running junior have reached 9187.48 by the increase of 594.78 points. According to the experts KSE – 100 index will remain bullish in upcoming week and will reach up to 9000 points. There are some positive news and factors which makes market to achieve its highest level of the year. e.g.

  • Discovery of new crude Oil and Gas reserves by large listed companies (e.g. OGDC, PPL, POL)
  • Upward revision in sovereign credit rating of Pakistan by world renowned Standard & Poor’s (S&P) to “B-”
  • Foreign investment in Banking, Oil & Gas Sectors. They have invested $23.80 million (Rs. 1.94 Billion) in last week
  • Local investors are also buying massively blue chips e.g. Bank, Oil & Gas, Cement etc.
  • Current corporate result season, and companies are announcing positive reports, bonuses, dividends etc.
  • Reduction in discount of Pakistani bonds listed in the international market
  • Pakistan PTA has announced a healthy profit
  • OGDC has announced to give 10 percent shares to the employees of OGDC. Almost 10,000 employees will get benefit from this scheme

Remember my friends; I am continuously suggesting you since last month that if you have any plan for the investment, this is the best time. There are a lot of shares which are still standing lucrative. Pak PTA, PTCL, and OGDCL were the top companies of last week.

Written by: Rana Khurram

NOTE: The information posted in this blog (forum) is based on current afairs & invstors point of view. There may be discrepency in the ground realities

Karachi Stock Maraket Resutls August 28, 2009

Pak Reinsurance(PAKRI):
Earning Per Share (EPS): 2.25
Porfit / Loss (in million): 260
Bonus / Dividend: Nil

JS Global Capital Limited:
Earning Per Share (EPS): 4.12
Porfit / Loss (in million): 352
Bonus / Dividend: 100%

Unilever Pakistan:
Earning Per Share (EPS): 92.25
Porfit / Loss (in million): 667
Bonus / Dividend: 184%

Bank AlFalah Limited:
Earning Per Share (EPS): 0.86
Porfit / Loss (in million): 661
Bonus / Dividend: Nil

Please use the link provided on top right to see all companies resutls.

Karachi Stock Maraket Resutls August 27, 2009

ICI Pakistan:
Earning Per Share (EPS): 7.39
Porfit / Loss (in million): 717
Bonus / Dividend: 35%

ASIA Insurance:
Earning Per Share (EPS): 0.56
Porfit / Loss (in million): 0.16
Bonus / Dividend: 25% R

Atlas Battery Limited:
Earning Per Share (EPS): 25.41
Porfit / Loss (in million): 73.27
Bonus / Dividend: 100%, 20%B

New Jublee Life Insurance Company (NJLIC):
Earning Per Share (EPS): 0.71
Porfit / Loss (in million): 8.68
Bonus / Dividend: Nil

Adamjee Insurance:
Earning Per Share (EPS): 5.8
Porfit / Loss (in million): 141
Bonus / Dividend: 15%

Askari General Insurance:
Earning Per Share (EPS): 1.90
Porfit / Loss (in million): 17.98
Bonus / Dividend: Nil

Please use the link provided on top right to see all companies resutls.

Upcoming IPO

New upcoming IPO is Nishat Power Limited. The offer consists of 22,500,000 ordinary shares (6.33% of the total paid up capital of Nishat Power Limited) at an offer price of Rs.10 per share amounting to Rs.225 million only out of the total paid up capital of Rs.3,540,885,000 divided into 354,088,500 ordinary shares of Rs.10 each.

Application can submitted on August 28, 29 and 31 during banking hrs.

Click Here to download application form.

Karachi Stock Marak Resutls August 25, 2009

Nishat Mills Limited(NML):
Earning Per Share (EPS): 5.23
Porfit / Loss (in million): 567
Bonus / Dividend: 20%

Royal Bank of Scotland(RBS):
Earning Per Share (EPS): 0.53
Porfit / Loss (in million): 584
Bonus / Dividend: Nil

Standard Charted Bank:
Earning Per Share (EPS): 0.06
Porfit / Loss (in million): 209
Bonus / Dividend: Nil

JS Bank Limited:
Earning Per Share (EPS): 1.30
Porfit / Loss (in million): 445
Bonus / Dividend: Nil

New Jubliee Insurnace:
Earning Per Share (EPS): 3.88
Porfit / Loss (in million): 136.5
Bonus / Dividend: Nil

Please use the link provided on top right to see all companies resutls.

Karachi Stock Exchange Results August 24, 2009

Azgard Nine Limited:
Earning Per Share (EPS): 0.26
Porfit / Loss (in million): 58.4
Bonus / Dividend: Nill

Pakistan Petroleum Limited:
Earning Per Share (EPS): .26
Porfit / Loss (in million): 6731
Bonus / Dividend: 30%, 20%B

Pak Suzuki Moter Limited:
Earning Per Share (EPS): 1.96
Porfit / Loss (in million): 69.4
Bonus / Dividend: Nill

Pakistan Tabacco:
Earning Per Share (EPS): 7.96
Porfit / Loss (in million): 1180
Bonus / Dividend: 28%

Shifa International Hospital:
Earning Per Share (EPS): 2.53
Porfit / Loss (in million): 44
Bonus / Dividend: 12%

JS Value Fund:
Earning Per Share (EPS): 10.94
Porfit / Loss (in million): 22.6
Bonus / Dividend: Nill

JS Investments Limited:
Earning Per Share (EPS): 17.21
Porfit / Loss (in million): 962
Bonus / Dividend: Nill

Please use the link provided on top right to see all companies resutls.

KSE Upcoming Week

As we have discussed, market has taken some technical corrections by the start of last week and comes down. But then rises up to 8107.94 points after the increment of 96.63 points on the end of last week. Remember, this is the highest level of index witnessed in this year (2009). The market is closing on positive since last three consecutive weeks. And has gained 387 points and increment of 5 percent since last three weeks.

And it is also expected that Karachi bourse benchmark will stood high in upcoming week because of following factors:

  • Decrement in discount rate of SBP, as SBP have announced 100bps (in rate of 13 percent) in its discount rate
  • The approval of 24 projects including the Bhasha Dam project by the Executive Committee of the National Economic Council. It is good news especially for the Cement sector
  • Increase in export of Cement from Pakistan
  • Foreign investment in Banking, Oil & Gas Sectors
  • According to SECP (Securities and Exchange Commission of Pakistan) approval of financing. There is a news of early introduction of leverage product i.e. Margin Financing (MF)
  • Expectations of resolution of circular debt issue of OMCs, IPPs, oil refineries next week
  • Rise in international oil prices near to $73
  • Expectations of record result announcements by oil exploration companies next week

As holy month of Ramazan has started, with the shorter working hours, and the Eid festival at the end of this holy month, trading volumes generally drop by 18 percent compared to an average of the previous three month as per study of historical data.

National Refinery have announced 125 percent and Attock Cement have announced 32.5 percent dividend. DG Khan Cement, PTCL, and OGDC were on top last week.

Written by: Rana Khurram

NOTE: The information posted in this blog (forum) is based on current afairs & invstors point of view. There may be discrepency in the ground realities

KSE Results August 21

Askari Commercial Bank Limited:
Earning Per Share (EPS): 1.16
Porfit / Loss (in million): 268
Bonus / Dividend: Nill

Faysal Bank:
Earning Per Share (EPS): .77
Porfit / Loss (in million): 212
Bonus / Dividend: Nill

Habib Bank Limited:
Earning Per Share (EPS): 7.21
Porfit / Loss (in million): 3178
Bonus / Dividend: Nill

Atlas Bank Limited:
Earning Per Share (EPS): 2.26
Porfit / Loss (in million): 662
Bonus / Dividend: Nill

National Refinery Limited:
Earning Per Share (EPS): 19.6
Porfit / Loss (in million): 679
Bonus / Dividend: 125%

Reliance Insurance:
Earning Per Share (EPS): .70
Porfit / Loss (in million): 6.4
Bonus / Dividend: Nill

Please see older posts for earlier results.

KSE Results August 19

Soneri Bank Limited:
Earning Per Share (EPS): 0.08
Porfit / Loss (in million): 227
Bonus / Dividend: Nil

Pak Refinery Limited:
Earning Per Share (EPS): 130.63
Porfit / Loss (in million): 903
Bonus / Dividend: Nil

Pakistan Gum & Chemical:
Earning Per Share (EPS): .79
Porfit / Loss (in million): 1.73
Bonus / Dividend: Nil

Shell Pakistan:
Earning Per Share (EPS): 14.80
Porfit / Loss (in million): 640
Bonus / Dividend: 80%

Ferozsons Laboratories Ltd.:
Earning Per Share (EPS): 10.53
Porfit / Loss (in million): 41.7
Bonus / Dividend: 10%, 20%B

PICIC Growth Fund:
Earning Per Share (EPS): 8.26
Porfit / Loss (in million): 116.3
Bonus / Dividend: Nil

Please see older posts for earlier results.

KSE Analysis

As per expected KSE index have crossed the 8,000 points psychological level, last week. This is the highest level achieved during this year (2009). The index have increased by 1.77 percent and closed at 8,011.31 after increment of 139.08 points. There were expectations about SBP intention to cut its lending rate (discount rate) in monetary policy. And according to experts the release of the third tranche of IMF standby loan of $840 million and approval of an additional $3.1 billion loan have helped the market to cross the 8,000 points level smoothly in short term.

Market participants were cautious because of spiritless results of some blue chip companies, and no positive earnings surprise witnessed. In last week three blue chip companies (OGDC, PSO, HUBCO) have announced their full year FY09 results. The earnings of PSO and HUBCO were close to the expectations of their shareholders, but OGDC have completely disappointed investors because of its below then expected EPS.
And investors were also worried of any significant reduction in discount rates of monetary policy announced by SBP. Moreover, cement sector’s market capitalization was down five percent on weekly basis amid decline in cement prices in the country.

But there was a huge investment from offshore investors and they seemed to be highly optimistic. According to the latest numbers foreign portfolio investors have invested $18.4 million more in the last week. They have bought shares of worth $30.9 million and sold shares of $12.7 million.
Now as you may know that Governor SBP (Salim Raza) has announced monetary policy on 15th August, 2009. They have announced 100bps (in rate of 13 percent) in its discount rate.
Actually analysts, market experts, and investors were expecting at least 150bps in discount rates. LCCI (Lahore Chamber of Commerce and Industry) has also said that this 1pc cut in rate is not enough. LCCI president said that there is need to further cut in interest rate. And it is expected that market will go under technical corrections, initial reaction of market would be negative with index declining by 50 - 100 points, and investors might opt for profit selling in next week. Moreover, activity in the equity market will become dull ahead of Ramazan.

Written by: Rana Khurram

NOTE: The information posted in this blog (forum) is based on current afairs & invstors point of view. There may be discrepency in the ground realities

KSE Upcoming Week

Last week KSE - 100 index increased 199 points and closed at 8071 points. The major traded shares were Arif Habib Securities (AHSL), Jahangir Saddique Company (JSCL), DG Khan Cement, Azgard Nine limited, Nishat Mills Limited, Lucky Cement, Maple Leaf Cement and PACE Pakistan. Althoug JSCL, DG Khan Cement, Lucky Cement, Azgard Nine Ltd and Maple Leaf Cement didn't get buyers attention and there was seen selling pressure in these share; upcoming week seems to be good since State Bank has reduced interest rate to 13%. So market should go up and all the good shares are looking to get attention of buyers.

Last week there was seen major buying in AHSL and coming week also looking to be good. So investors of Karachi Stock Exchange, Islamabad Stock Exchange and Lahore Stock Exchange should take some share from markets.

NOTE: The information posted in this blog (forum) is based on current afairs & invstors point of view. There may be discrepency in the ground realities

Karachi Stock Exhange Results August 12

Bank Al-Habib Limited:
Earning Per Share (EPS): 2.27
Porfit / Loss (in million): 706
Bonus / Dividend: Nil

Pakistan State Oil:
Earning Per Share (EPS): (39.5)
Porfit / Loss (in million): 2571
Bonus / Dividend: Nil

Nestle Pakistan Limited:
Earning Per Share (EPS): 37.5
Porfit / Loss (in million): 683
Bonus / Dividend: 300%

HUB Power Company (HUBCO):
Earning Per Share (EPS): 3.27
Porfit / Loss (in million): 810
Bonus / Dividend: 20%

BOC Pakistan:
Earning Per Share (EPS): 6.65
Porfit / Loss (in million): 89
Bonus / Dividend: 25%

Allied Bank Limited (ABL):
Earning Per Share (EPS): 4.29
Porfit / Loss (in million): 1605
Bonus / Dividend: 20%

Please see older posts for earlier results.


Karachi Stock Exhange Results

Muslim Commercial Bank (MCB)
Earning Per Share (EPS): 11.22
Profit / Loss (in million): 3622
Bonus Divident: 25%

Allied Bank Limited (ABL)
Earning Per Share (EPS): 4.29
Profit / Loss (in million): 1606
Bonus Divident: 20%

MyBank Limited
Earning Per Share (EPS): (2.32)
Profit / Loss (in million): (438)
Bonus Divident: Nill

Al-Ghazi Tractor:
Earning Per Share (EPS): 20.45
Profit / Loss (in million): 503
Bonus Divident: 100%

Attock Petroleum:
Earning Per Share (EPS): 53.51
Profit / Loss (in million): 865
Bonus Divident: 150%

Habib Modaraba:
Earning Per Share (EPS): 1.21
Profit / Loss (in million): 82.7
Bonus Divident: 20%

Please see older posts for earlier results.

Karachi Stock Exhange August 10 Upcoming Week

In the last week (Ended 7th Aug, 2009), Karachi Stock Exchange seemed to be bullish and touched nearly 8000 points psychological level and closed on 7872.23 points after increase of 151.30 points. That is good news, there were some positive factors which causes Karachi bourse set on upward track. Although local financial institutions were more cautious and took to profit-selling on lucrative margins. But there was a huge investment from offshore investors in Oil & Gas, Banking, Cement, Telecom, Securities sector and others. According to the latest numbers released by NCCPL, net foreign buying stood at $19.14 million during the week, and this is the highest weekly net inflow witnessed by the market in last 15 months.

There were also expectations about SBP intention to cut its lending rate (discount rate) in monetary policy. And according to experts the release of the third tranche of IMF standby loan of $840 million and approval of an additional $3.1 billion loan may help the market to cross the 8000 points level smoothly in short term.

Some companies have declared above expected annual results e.g. Lucky Cement (EPS Rs. 14.2 and DPS Rs. 4.0). However APL results (EPS Rs. 53.5 and DPS Rs. 25) surprised the market negatively. Lucky Cement, DG Khan Cement, and Arif Habib securities were on top last week.

In the next week there is an expectation of some blue chip result such as MCB, PSO, HUBCO and OGDC. And experts are expecting nice results from these blue chips and market can cross 8000 points in upcoming week.

Written by: Rana Khurram

NOTE: The information posted in this blog (forum) is based on current afairs & invstors point of view. There may be discrepency in the ground realities

Karachi Stock Exhange August 6, 2009

Attock Petroleum Limited announced result today and showed total profit of 865 million rupees with bouns of 150% for its shareholders. Over all KSE - 100 index declined 13 points and closed at 7822. Jahangir Saddique Company (JSCL), Arif Habib Security (AHSL), National Bank, Azgard Nine and Lucky cement were the most traded shares.

JSCL start moving today and it's expected that it will grow up along with AHSL. Also JSCL meeting is yet to be conducted but it's not expected to be good enough. Anyways, investors may recover back if monetary policy show some glow on 15th August.

NOTE: The information posted in this blog (forum) is based on current afairs & invstors point of view. There may be discrepency in the ground realities

Karachi Stock Exhange August 5, 2009

Karachi Stock Exhange is recovering back slowly after a huge fall back of last week. Today KSE 100 index closed at 7834. Since some major results are yet to be announced, KSE is looking to perform good in futrue. Also IMF will handover next installment of 1.2 billion dolar this week, it will be good to see KSE up.

Lucky Cement announced result today and show profit of 1519.886 ruppees with bonus of 40% to its share holders.
This is good result as expected and
that's why Lucky cement is going up and more in future.

NOTE: The information posted in this blog (forum) is based on current afairs & invstors point of view. There may be discrepency in the ground realities

Karachi Stock Exchange Current Affairs

As I have explained in last article that after the announcement of a delay in monetary policy by SBP, KSE-100 index was suppose to be getting down. And that has happened exactly as was suppose to be. Last week was very disastrous. On Thursday (30th July, 2009) Karachi Stock Exchange was closed at 7491.76. We have seen a very intense fluctuation and volatility in market. The main reasons were same e.g.

  • State Bank has announced an extraordinary delay in announcement of Monetary Policy till 15 August, 2009 for the next quarter of the year in progress.

  • 3rd instalment from IMF was not approved.

  • The corporate result announcement season failed to create the expected buying momentum.

  • The major companies which have announced their results (in last week) e.g. UBL and Engro Chemicals didn’t fulfil the expectations of their shareholders.

  • Only Fauji Fertilizer Co. announced the result according to expectations of their shareholders.

  • The announcement of traditional trade policy for next three years, in this policy government has totally ignored the exporting sector and offered no incentives. And government also didn’t address the issues of power.

  • The depreciation of local currency also did not allow market participants to maintain their position higher.
The confused investors have sell out DG Cement, AZGARD NINE, ENGRO Polymer, Bank Al-Falah, Pak PTA, and others on lower rates. But at the end of last week (Friday 31st July, 2009), market has rebound, and closed at 7720.93 points. Because in the weekend there were some positive news circulating in market. e.g.
  • Shaukat Tarin has stated regarding IMF considering providing the additional financing for running up its economy.

  • High hopes and expectations of a huge assistance from Friends of Pakistan in this year.

  • Governor SBP has stated availability of enough liquidity in the system.

  • And there were rumours about SBP intention to cut its lending rate (discount rate) in monetary policy.

Fauji Cement, DG Cement, JS Companies, Maple Leaf Cement, and Arif Habib Securities were the volume leader last week. While Pakistan Refinery, Abbot Laboratories, Indus Motor, Dreamworld and Thal limited were major gainers. Askari Leasing, Wazir Ali industries, AZGARD NINE, Pakistan Reinsurance and Atlas Honda were major losers last week.

Written by: Rana Khurram

NOTE: The information posted in this blog (forum) is based on current afairs & invstors point of view. There may be discrepency in the ground realities