Karachi Stock Exchange Weekly Analysis 28 March, 2010

Although last week was very short (four working days), but Karachi Stock Exchange (KSE) is succeeded to retain psychological level of 10,000 points. KSE – 100 index had closed at 10,137.93 points by the decrement of 137 points or 1.36 percent. While KSE – 30 index had closed at 10,442.92 points by the decrement of 129.65 points or 1.52 percent.

Following news have played a vital role in progress of Karachi Stock Exchange (KSE):
  • Foreign Portfolio Investors have invested a huge volume especially in Oil and Gas Sector (e.g. OGDC, POL etc)
  • Government has also announced Inland freight subsidy (up to 35%) on exports of cement, which attracted local investors in Cement sector e.g. DGKC, LUCK
  • After the strategic dialogue between Pakistan and US, US has announced $125 million for power sector of Pakistan. And assured Pakistan for the disbursement of CSF worth $2 Billion
  • Local investors are switching their positions in Banking sector from NBP to MCB, UBL
  • Price of dollar has reached Rs. 83.79
  • State Bank of Pakistan has provided mark-up rate facility to textile sector
Local investors are very careful and cautious, and have opted profit selling, because of following factors:
  • Government is planning to increase domestic oil prices and power tariffs
  • Terrorist activities throughout the country
  • Rising Circular debt in energy sector
  • Lack of electricity, water and gas are adversely and continuously affecting country’s economy and various industries e.g. Textile, Agriculture etc.
  • Rift amongst political parties regarding constitutional reforms

Lotte Pakistan, Lafarge Pakistan, JS Companies, DGKC were the volume leaders, Pakistan Refinery, Fauji Cement, Bestway Cement, PNSC and Sui South were major gainers while KASB Bank, Bannu Woollen, Askari Bank, GlaxoSmithKline and IGI Insurance were major losers at KSE this week.

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.

Written by: Rana Khurram

Karachi Stock Exchange Weekly Analysis 22 March, 2010

Karachi Stock Exchange (KSE) is succeeded to retain psychological level of 10,000 points. KSE – 100 index had closed at 10,000.93 points by the decrement of 25.06 points or 0.25 percent. While KSE – 30 index had closed at 10,313.27 points by the decrement of 134.91 points or 1.29 percent.

Following news have played a vital role in progress of Karachi Stock Exchange (KSE):

  • Foreign Portfolio Investors have invested a huge volume ($25 Million) during the week
  • Foreign investments were mainly on Cement (e.g. Lucky cement, DG Cement), Fertilizer (Fauji fertilizer), etc.
  • Urea prices have increased up to Rs. 30 per bag
  • Dr. Hafeez Sheikh has been appointed as Financial Advisor of PM
  • POL’s discovery at Beta-I of 54bpd and 2.13 mmcfd
  • The fifth tranche ($1.2 Billion) of IMF is releasing shortly (31 March)

Local investors are very careful and cautious, and have opted profit selling, because of following factors:

  • Offshore well Shark-I of Pak Petroleum, has declared dry

  • Terrorist activities throughout the country

  • Rising Circular debt in energy sector

  • Lack of electricity, water and gas are adversely and continuously affecting country’s economy and various industries e.g. Textile, Agriculture etc. And there are rumours that government is planning to increase electricity tariff further

  • In next monetary policy a very limited cut in discount rate is expected

NML, Lucky Cement, Lotte Pakistan, Lafarge Pakistan, OGDC, NBP, Bank Al – Falah, DGKC, PTC, TRG, SNGP, and SSGC were on top last week.

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.

Written by: Rana Khurram

Karachi Stock Exchange Weekly Analysis 14 March, 2010

Karachi Stock Exchange (KSE) is performing positively and performed really very good during last week. KSE – 100 index has crossed 10,000 points psychological level, and reached to the highest level of last 18 months. KSE – 100 index had closed at 10,026 points by the increment of 400 points or 4.15 percent. While KSE – 30 index had closed at 10,445 points by the increment of 347 points or 3.43 percent.

Following news have played a vital role in progress of Karachi Stock Exchange (KSE):

  • Foreign Portfolio Investors have invested a huge volume ($29 Million) during the week
  • Result announcement season had come to an end (almost), local investors are seems to not in mood of further buying, market have big hopes on foreign investors
  • Pakistani Rupee had shown stability against $Dollar
  • Overseas Pakistanis had increased their remittances to sent home
  • Auto sales had increased robustly
  • Trade deficit had reduced
  • International Oil prices have increased
  • Victim’s of Bhasha Dam receive compensation of 40 billion Rupees
Local investors are very careful and cautious because of following factors:
  • Terrorist activities throughout the country
  • Circular debt in energy sector
  • Lack of electricity, water and gas are adversely and continuously affecting country’s economy and various industries e.g. Textile, Agriculture etc.
  • High interest rate regime

Lotte Pakistan, Lafarge Pakistan, OGDC, NBP, Bank Al – Falah, DGKC, PTC, TRG, SNGP, and SSGC were on top last week.

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.

Written by: Rana Khurram


Companies Results March 6, 2010

PAKISTAN TOBACCO:
Earning Per Share (EPS): 11.83
Profit / Loss (in million): 498
Bonus / Dividend: 47.50%

LAKSON TOBACCO COMPANY LTD:
Earning Per Share (EPS): 15.56
Profit / Loss (in million): 95.4
Bonus / Dividend: 40%

SHELL PAKISTAN:
Earning Per Share (EPS): 37.42
Profit / Loss (in million): 859
Bonus / Dividend: 250%

UNILEVER PAKISTAN:
Earning Per Share (EPS): 229
Profit / Loss (in million): 763
Bonus / Dividend: 274%

NATIONAL BANK OF PAKISTAN:
Earning Per Share (EPS): 16.81
Profit / Loss (in million): 8051
Bonus / Dividend: 75%, 25%B

UNITED BANK LIMITED:
Earning Per Share (EPS): 8.55
Profit / Loss (in million): 2581
Bonus / Dividend: 25%, 10%B

HABIB METROPOLITAN BANK:
Earning Per Share (EPS): 3.64
Profit / Loss (in million): 37
Bonus / Dividend: 10%, 16%B

JS GROWTH FUND:
Earning Per Share (EPS): 1.23
Profit / Loss (in million): (22.5)
Bonus / Dividend: 5%