Karachi Stock Exchange Weekly Analysis 30 May, 2010

Karachi Stock Exchange (KSE) index have witnessed bearish activities throughout the week. KSE – 100 index has closed at 9,521.15 points with a decrement of 350.01 points, or 3.50 per cent.

Following news have played a vital role in movement of Karachi Stock Exchange (KSE):
  • Investors are desperately looking for triggers in upcoming budget 5 June, 2010
  • Investors have concerns on implementing VAT, CGT, Power tariffs hike
  • State Bank of Pakistan kept status quo on the discount rate in the monetary policy announcement, leaving the rate unchanged (12.5%)
  • Oil and Gas sector also have selling pressure, because of decreasing oil prices
  • Cement sector is also under pressure, because government has decided to increase tax on retail level, and to increase gas prices
  • Concerns over inflation are increasing
  • IMF conditionality to reduce subsidies over Fertilizer and Power sectors
  • Energy crisis increased, Lack of electricity, water and gas are adversely and continuously affecting country’s economy
Lotte Pakistan, JSCL, TRG, SilkBank, National Bank were volume leaders. Sui South Gas, Thal Limited, Shifa Int. Hospital, Ghani Glass and WorldCall
Telecom were major gainers while Jahangir Siddiqui & Co., Bank of Punjab,
Pakistan Telephone, Fauji Cement and Pace (Pakistan) were major losers last week.

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

Written by: Rana Khurram

Karachi Stock Exchange Weekly Analysis 23 May, 2010

Karachi Stock Exchange (KSE) index have witnessed a steepest fall and reached below the psychological level of 10,000 points. KSE – 100 index has closed at 9,871.16 points with a decrement of 400.55 points, or 3.89 per cent. While KSE - 30 Index closed at 9,922.16 points with a decrement of 419.52 points, or 4.05 per cent.

Following news have played a vital role in movement of Karachi Stock Exchange (KSE):
  • Investors are desperately looking for triggers in upcoming budget coinciding with technical weakness
  • Investors have concerns on implementing VAT, CGT, Power tariffs hike and upcoming monetary policy
  • Law and order situation in Karachi and judicial crisis both political and internal
  • Fifth tranche of $1.3 billion from IMF has received
  • Oil and Gas sector also have selling pressure, because of decreasing oil prices ($70 per barrel)
  • Greece debt crisis is continuously effecting International and local markets
  • Energy crisis increased, Lack of electricity, water and gas are adversely and continuously affecting country’s economy
Auto and Telecom sectors have outperformed Indus Motors, AHSL, Lotte Pakistan, PTCL, NIB Bank, Nishat Mills, Pakistan Tobacco, Mari Gas and JSCL 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 discrepancy in the ground realities.

Written by: Rana Khurram

Karachi Stock Exchange Weekly Analysis 16 May, 2010

Karachi Stock Exchange (KSE) has showed lacklustre and dull performance. KSE – 100 index has closed at 10,271.71 points by the increase of 0.24 points. While KSE – 30 index has closed at 10,341.30 points by the increment of 0.38 points.

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

  • The fifth tranche ($1.13 Billion) from IMF, is due for next week
  • Uncertainty about CGT (Capital Gain Tax) and VAT (Value Added Tax) implementation in upcoming budget and investors are also waiting for monetary policy review by government
  • Local and Foreign investors are sideline because of EURO debt crisis
  • Political turmoil between coalition parties especially in sindh
  • Rumours of Pakistan not being included on the MSCI led to midweek sell-offs
  • Energy crisis increased, Lack of electricity, water and gas are adversely and continuously affecting country’s economy

OGDC, BAFL, PSO, POL, NBP, Lafarge, BOP, PTCL, DGKC and ENGRO were volume leaders 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 9 May, 2010

Karachi Stock Exchange (KSE) have witnessed a bearish trend, almost throughout the week. KSE – 100 index has closed at 10,271.47 points by the loosing of 117.99 points or 1.5 per cent. While KSE – 30 index has closed at 10,341.30 points by the loosing of 119.16 points or 1.14 per cent.

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


  • Greek tragedy spreads to global stocks and oil, and now concerns over Spain
  • Outflow of foreign investment
  • Pakistan on world’s terrorism radar again
  • US has released $656 million to Pakistan under CSF
  • The fifth tranche from IMF, is due for next week
  • Urea prices have increased
  • Fall in global commodity prices led by crude oil near to $78 a barrel
  • Investors have concerns about CGT (Capital Gain Tax) and VAT implementation in upcoming budget
  • Energy crisis increased, Lack of electricity, water and gas are adversely and continuously affecting country’s economy
  • Overall quarterly results of various companies including blue chips are not satisfactorily and according to expectations of investors.
  • Etisalat has intention to acquire another 26 per cent shares of PTCL


OGDC, BAFL, PSO, POL, NBP, JSCL, ANL, SILK and ENGRO were volume leaders 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 April and May 2010

ATLAS HONDA:
Earning Per Share (EPS): 13.10
Profit / Loss (in million): 208.32
Bonus / Dividend: 50%, 15%B

SOUTHERN ELECTRIC POWER COMPANY LTD:
Earning Per Share (EPS): 1.56
Profit / Loss (in million): 21.12
Bonus / Dividend: NIL

NETSOL TECHNOLOGIES LIMITED:
Earning Per Share (EPS): 8.03
Profit / Loss (in million): 203.34
Bonus / Dividend: NIL

TARIQ GLASS IND.:
Earning Per Share (EPS): 3.68
Profit / Loss (in million): 4.35
Bonus / Dividend: 10%

NATIONAL BANK OF PAKISTAN LTD:
Earning Per Share (EPS): 3.13
Profit / Loss (in million): 4215.76
Bonus / Dividend: NIL

BESTWAY CEMENT:
Earning Per Share (EPS): (1.90)
Profit / Loss (in million): (234.56)
Bonus / Dividend: NIL

FAUJI FERTILIZER:
Earning Per Share (EPS): 4.02
Profit / Loss (in million): 2729.03
Bonus / Dividend: 40%

SIEMENS ENGINEERING:
Earning Per Share (EPS): 63.73
Profit / Loss (in million): 156.62
Bonus / Dividend: 300%

SHIFA INT. HOSPITAL:
Earning Per Share (EPS): 2.44
Profit / Loss (in million): 44.5
Bonus / Dividend: 10%

PERVEZ AHMED SECURITIES:
Earning Per Share (EPS): (0.86)
Profit / Loss (in million): (26.166)
Bonus / Dividend: NIL

EYE TELEVISION NET:
Earning Per Share (EPS): 3.56
Profit / Loss (in million): 45.19
Bonus / Dividend: 5%

PAKISTAN TELECOMMUNICATION COMPANY LTD (PTCL):
Earning Per Share (EPS): 1.54
Profit / Loss (in million): 2505.19
Bonus / Dividend: 17.50%

FAYSAL BANK:
Earning Per Share (EPS): 2.77
Profit / Loss (in million): 1685.6
Bonus / Dividend: NIL

OIL & GAS DEVELOPMENT CORP.LTD (OGDC)
:
Earning Per Share (EPS): 9.91
Profit / Loss (in million): 14115.9
Bonus / Dividend: 15%

PAKISTAN REINSURANCE (PAKRI)
:
Earning Per Share (EPS): --
Profit / Loss (in million): 202.5
Bonus / Dividend: NIL

MURREE BREWERY
:
Earning Per Share (EPS): 14.28
Profit / Loss (in million): 77.8
Bonus / Dividend: NIL

TREET CORPORATION LTD.
:
Earning Per Share (EPS): 5.93
Profit / Loss (in million): 63.85
Bonus / Dividend: NIL

PACE PAKISTAN LIMITED
:
Earning Per Share (EPS): 1.12
Profit / Loss (in million): 103.3
Bonus / Dividend: NIL

STANDARD CHARTERED BANK PAKISTAN LIMITED
:
Earning Per Share (EPS): --
Profit / Loss (in million): 8.35
Bonus / Dividend: NIL

PAKISTAN PETROLEUM LIMITED (PPL)
:
Earning Per Share (EPS): 16.80
Profit / Loss (in million): 6984.3
Bonus / Dividend: NIL