Karachi Stock Exchange Weekly Analysis 31 October, 2010

In Karachi Stock Exchange (KSE), index performance was bearish and closed in negative note after four consecutive positive weeks. The Karachi Stock Exchange (KSE) 100-share index closed at 10,598.40 points by losing 54.08 points or 0.5 percent.

Following news have played vital role in Karachi Stock Exchange (KSE) index movement:
  • International Oil prices have fall ($81 per barrel) but in Pakistan they are going to increase from Rs. 4 to 7 per litre
  • Gas supply issue (load shedding) throughout the country and rise in prices of energy
  • WB (World Bank) and ADB (Asian Development Bank) has raised flood loss estimates to $16 billion
  • In last week a lot of companies (including some blue chips) have announced their corporate results for the month of September
  • OGDC, KAPCO, NML, NCL, and MCB has announced higher then expected results. While negative results of NBP, FFC, and INDU have surprised investors
  • UBL, HBL, FFBL, BAFL, and DGKC are also expected to announce nice results in upcoming week
  • Investors focus and Market movement depends on Meeting of IMF with Pakistan Officials in next week

Oil & Gas sector have outperformed the market, whereas banks, chemicals and auto sectors underperformed the market. NML, PSO, POL, ENGRO and MCB were the top -5 scrips constituting 54 per cent of market.

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 24 October, 2010

In Karachi Stock Exchange (KSE), index performance was bullish. The average daily volume rises to a 25 – week high position of 122 million shares. The Karachi Stock Exchange (KSE) 100-share index closed at 10,652.48 points by gaining 220.64 points or 2.1 percent.

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

  • Local investors have gained much confidence after the Supreme Court decision about 18th Amendment
  • Some blue chips have announced higher than expected results e.g. PPL, FFBL, ABL
  • In upcoming week some nice results are also expected for some blue chips e.g. MCB, HBL, NML, ENGRO, HUBC etc. which can drive KSE index to green zone
  • ECC has approved oil deregulation policy
  • Rise in International oil prices (up to $82 per barrel), rise in local cement prices (Rs. 55 per bag), have attracted the interest of investors
  • Foreign Investors have shown serious interest in Oil & Gas, Banking, Cement and Fertilizer sectors

LOTPTA, JSCL, DGKC, LPCL, and FFBL were volume leaders. The top five scrips that constituted 72 percent of the total open interest were PSO, MCB, ENGRO, NML and OGDC. Atlas Honda, Lafarge Pakistan, Pak Telephone, EFU General Insurance and Bata were major gainers while Sui Southern Gas, Murree Brewery, Attock Petroleum, Thal Limited and National Refinery 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 discrepancy in the ground realities.

Written by: Rana Khurram

Companies Results October 2010 (a)

PAKISTAN REFINERY LTD
Profit/Loss(million): (24.012)
Earning Per Share: (.69)
Bonus/Dividen: NIL

TATA TEX.
Profit/Loss(million): 447.56
Earning Per Share: 25.83
Bonus/Dividen: NIL

GHANI GLASS
Profit/Loss(million): 263.55
Earning Per Share: 2.47
Bonus/Dividen: NIL

PICIC ENERGY FUND
Profit/Loss(million): 85.82
Earning Per Share: .86
Bonus/Dividen: NIL

PICIC GROWTH FUND
Proft/Loss(million): 111.95
Earning Per Share: .39
Bonus/Dividen: NIL

PICIC INVESTMENT FUND
Proft/Loss(million): 62.1
Earning Per Share: .22
Bonus/Dividen: NIL

PAKISTAN PETROLEUM LIMITED
Profit/Loss(million): 7789.57
Earning Per Share: 6.52
Bonus/Dividen: NIL

ASKARI GENERAL INSURANCE
Profit/Loss(million): 7.5
Earning Per Share: 1.24
Bonus/Dividen: 25% R


SNOFI AVENTIS PAKISTAN LIMITED
Proft/Loss(million): 50
Earning Per Share: 12.57
Bonus/Dividen: NIL

ALLIED BANK LIMITED
Proft/Loss(million): 2228.5
Earning Per Share: 7.48
Bonus/Dividen: NIL

PAKISTAN TOBACCO
Profit/Loss(million): (54.9)
Earning Per Share: 4.48
Bonus/Dividen: NIL

BANK AL-HABIB LTD
Profit/Loss(million): 576.36
Earning Per Share: 3.10
Bonus/Dividen: NIL

Karachi Stock Exchange Weekly Analysis 17 October, 2010

In Karachi Stock Exchange (KSE), index performance was bullish and is expected to be range bound in next week. Foreign Investors have shown interest in blue chips, which drives market positively. The Karachi Stock Exchange (KSE) 100-share index closed at 10,431.84 points by gaining 171.36 points or 1.7 percent.

Following news have played vital role in Karachi Stock Exchange (KSE) index movement:
  • According to analysts there is political and macro economic uncertainty throughout the country
  • Quarterly result season is arriving, and nice corporate earnings are expected
  • MTS (Margin Trading System) and results announcements will play an important role in market movement
  • Hearing of NRO cases in Supreme Court. Local Investors are very cautious because of it
  • Cotton prices have been increased to all time high
  • Oil prices have increased up to $83 per barrel
  • OGRA has raised the wellhead gas price for 21 fields
PSO, MCB, OGDC, ENGRO, JSCL, BAFL, NML and NBP were on top at KSE last week. Pakistan Refinery, EFU Life, EFU General, Soneri Bank and WorldCall Telecom were major gainers while Pak Telephone, Ghani Glass, Grays of Cambridge, NIB Bank and Shifa Hospitals were major losers at KSE 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 10 October, 2010

In Karachi Stock Exchange (KSE), index performance was bullish and closed on a three month’s high position. Although market was opened on cautious note but last two days were very aggressive. The Karachi Stock Exchange (KSE) 100-share index closed at 10,260 points by gaining 218 points or 2.2 percent.

Following news have played vital role in Karachi Stock Exchange (KSE) index movement:
  • Early launch of MTS (Margin Trading System) products is expected
  • EU (European Union) allows duty free exports of Pakistan, for some selected (75) products. It will boost the country’s exports to EU by 100 million Euros annually, and will benefit mainly textile sector
  • Disbursement of $1.7 billion from IMF (International Monetary Fund) are expected early
  • Cement prices have been increased and OGRA (Oil & Gas Regulatory Authority) announced an upward revision (UFG to 7% for SSGC ) in gas wellhead prices
  • Strong earnings have also witnessed from textile, Oil & Gas sectors
  • Suicidal blasts and political turmoil created a chaos in country
  • Oil prices rises globally up to $81 per barrel
  • Tension between NATO and Pakistan Army eases
  • Power tariffs have increased by two per cent and also expected raise in future
  • Load shedding and price increase is also expected for gas in upcoming months
  • Flood assessment reports by International agencies will also affect positively in next week
  • Hearing of NRO cases is also expected in next week, which will also play an important role in index movement
LOTPTA, JSCL, BAFL, NML, DGKC, AHSL, PSO, ENGRO, POL, MCB, OGDC and SNGP were on top last week. Lakson Tobacco, Nestle Pak, Attock Petroleum, NIB Bank, Pak Telephone, Bank alFalah and KASB Bank were major gainers while Pak Cables, Shifa International, Bata Pakistan, Wyeth Pakistan, Grays of Cambridge and Pak Services, Siemens Engg. were major losers at KSE 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 3 October, 2010

In Karachi Stock Exchange (KSE), index performance was normal. The Karachi Stock Exchange (KSE) 100-share index closed at 10,042 points by gaining 133 points or 1.3 percent.

Following news have played vital role in Karachi Stock Exchange (KSE) index movement:
  • According to analysts there is political and macro economic uncertainty throughout the country
  • Increase in discount rate (50 bps to 13.5 per cent) has affected market
  • In next week, MTS (Margin Trading System) and results announcements will play an important role in market movement
  • 13 October is the date of hearing of NRO cases, which could affect political environment in country
  • OGRA provided interim relief by raising the UFG allowance, which causes attraction of investors to SSGC, SNGPL
  • APL, NRL, POL and SSGC were also on top because of nice results
  • Seven percent increase in power tariff likely
  • Urea off take slashes by 50 per cent, which leads it to 40 month lows
  • Cement prices (per bag) have been increased
POL, LOTPTA, JSCL, APL, NRL, POL, SSGC and SNGPL were on top at KSE last week. Dreamworld Ltd., Lakson Tobacco, Engro Polymer, Pakistan Cables and Sui South Gas were major gainers while Royal Bank, Kohinoor Energy, Shifa Int.Hospital, EFU General Insurance and Pakistan Refinery 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 discrepancy in the ground realities.

Written by: Rana Khurram