Karachi Stock Exchange Weekly Analysis 24 April, 2011

The Karachi Stock Exchange (KSE) market trend was bullish and market has closed on positive note. At one point market has also crossed the threshold of 12,000 points. The Karachi Stock Exchange (KSE) 100-share index has reached 11,954 points increasing by 2.3 percent.

Following news have played vital role in Karachi Stock Market index movement:

  • OGDCL (Oil and Gas Development Corporation Limited) is scheduled to announce its results on 27 April. Investors have a lot of expectations from OGDCL, because OGDCL contributes 20 percent to the total market capitalization
  • Some blue chips are also scheduled their results in next week e.g. Engro, NBP (National Bank of Pakistan), FFBL (Fauji Fertilizer Bin Qasim Limited) and PSO (Pakistan State Oil)
  • Oil prices have been increased and reached up to $124 per barrel
  • NRL (National Refinery Limited), ARL (Attock Refinery Limited), and POL (Pakistan Oil Fields) announced record profits during the week
  • Gold prices have reached highest record level in Pakistan
  • Government of Pakistan has decided to change the Managing Directors of state run oil and gas companies to address country’s energy woes
  • Strong foreign buying is witnessed and also expected in upcoming weeks

Gharibwal Cement, Rafhan Maize, Oil & Gas Development Co., Soneri Bank and NetSol Technologies were the major gainers while Pak. Reinsurance, Media Times Ltd, E.F.U. Life Assurance, Habib Metro Bank and Pak Cables 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 17 April, 2011

The Karachi Stock Exchange (KSE) market trend was bearish and market has closed on negative note. The Karachi Stock Exchange (KSE) 100-share index has reached 11,684 points by losing 222 points or 1.9 percent.

Following news have played vital role in Karachi Stock Market index movement:
  • Corporate results announcement has been started and nice quarterly results are expected especially from blue chips e.g. Oil & Gas, Fertilizer, power, cement, banking etc.
  • Exports of Pakistan were robust, touching record high levels in March of $2.5 billion
  • Pak Rupee has gained strength over US$
  • Political turmoil and uncertainty has really affected sentiments of local as well as of foreign investors
  • Industries have serious concerns over gas and power shortfall and increasing power tariffs
  • SNGPL have stopped gas supplies to four fertilizer plants because of raising demands and falling output
  • Engro has raised prices of Urea up to Rs.70 per bag
  • Notorious circular debt issue does not seem to be resolved in the near future as OGDCL rejected PSO’s proposal to payoff its debt through the dividend securitization
  • Global markets have also fall because of Libyan crisis
  • Commodity prices have surged in local markets
  • Auto sales have been increased up to 13.3% during 9 months
The top-five scrips at the futures counter constituting 69 percent of the total open interest position were POL, ENGRO, LUCK, DGKC and MCB. Gharibwal Cement, Bestway Cement, Standard Chartered Bank, Fauji Fertilizer and Rafhan Maize were the major gainers while Pak Suzuki Motors, Pace (Pak) Ltd, Jahangir Siddiqui & Co, Azgard Nine and Pak Elektron Limited 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 April, 2011

The Karachi Stock Exchange (KSE) market has managed to close on green zone. The Karachi Stock Exchange (KSE) 100-share index has reached 11,905.87 points by gaining 20.23 points or 0.17 percent.

Following news have played vital role in Karachi Stock Market index movement:

  • Corporate results announcement has been started and nice quarterly results are expected especially from blue chips e.g. Fertilizer, power, cement, banking etc.
  • Bilateral relations are getting improved with US and UK
  • Power tariffs and oil prices have been increased. Iranian president has predicted the oil prices will reach $150 per barrel
  • CPI (Consumer Price Index) have been increased by 1.48 percent, which has made the inflation reached on 13.16 percent for the month of March
  • Higher Inflation, energy shortfall and security concerns have really hurt the sentiments of investors
  • ADB (Asian Development Bank) released its policy review wherein it projected GDP growth for FY11 at 2.5 percent. It expects GDP to grow by 3.7 percent in FY12. And ADB has declared Pakistan, most expensive (poor) country
  • Government of Pakistan may subsidize 10,000 tractors
  • Indus Motors launching new variant of its Corolla XLi and GLi
  • China has offered to invest $15billion in energy sector

The top-five scrips at the futures counter constituting 69 percent of the total open interest position were POL, ENGRO, LUCK, NBP and MCB. Pak Telephone, Bank Al‐Falah Limited, Pakistan Reinsurance, Pak Suzuki Motors and Unilever Pakistan Foods were the major gainers while Dawood Hercules, Indus Dyeing, Colgate Palmolive, Adamjee Insurance and Pakistan Refinery 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 Market Results April 07

SHAHEEN INSURANCE(SHNI)
Profit/Loss (million): 4.600
EPS: (1.45)
Bouns/Dividend: NIL

PAKISTAN REINSURANCE(PAKRI)
Profit/Loss (million): 437.996
EPS: 1.75
Bouns/Dividend: 30.00%

PAKISTAN GENERAL INSURANCE(PKGI)
Profit/Loss (million): 4.826
EPS: 0.19
Bouns/Dividend: 10.00%

KASB BANK(KASBB)
Profit/Loss (million): (2710.669)
EPS: (2.85)
Bouns/Dividend: 105.16% R

ASIA INSURANCE(ASIC)
Profit/Loss (million): 0.400
EPS: 0.21
Bouns/Dividend: NIL

PREMIER INSURANCE LIMITED(PINL)
Profit/Loss (million): 36.946
EPS: 2.00
Bouns/Dividend: 25.00%

LAFARAGE PAKISTAN CEMENT LTD(PAKISTAN CEMENT LTD)(LPCL)
Profit/Loss (million): 105.012
EPS: (0.72)
Bouns/Dividend: NIL

SINGER PAKISTAN(SING)
Profit/Loss (million): 5.117
EPS: 0.82
Bouns/Dividend: 10% B

UNITED INSURANCE(UNIC)
Profit/Loss (million): 39.189
EPS: 2.96
Bouns/Dividend: 24% B

CRESENT STAR INSURANCE(CSIL)
Profit/Loss (million): 10.406
EPS: 0.31
Bouns/Dividend: NIL

HABIB INSURANCE(HICL)
Profit/Loss (million): 84.081
EPS: 2.10
Bouns/Dividend: 25% , 12.5% B

FAYSAL BANK(FABL)
Profit/Loss (million): (979.417)
EPS: 1.63
Bouns/Dividend: NIL

RELIANCE INSURANCE(RICL)
Profit/Loss (million): 20.662
EPS: 2.04
Bouns/Dividend: 12.5% B

SERVICE IND.(SRVI)
Profit/Loss (million): 64.590
EPS: 27.28
Bouns/Dividend: 75.00%

WYETH PAKISTAN LIMITED(WYETH)
Profit/Loss (million): 23.574
EPS: 23.10
Bouns/Dividend: NIL

SILVER STAR INSURANCE(SSIC)
Profit/Loss (million): 6.581
EPS: 1.47
Bouns/Dividend: 15% B

HIGHNOON LABORATORIES(HINOON)
Profit/Loss (million): 25.623
EPS: 4.26
Bouns/Dividend: 25% , 10% B

EFU LIFE ASSURANCE(EFUL)
Profit/Loss (million): 250.718
EPS: 4.27
Bouns/Dividend: 50.00%

EFU GENERAL INS.(EFUG)
Profit/Loss (million): 272.493
EPS: (3.31)
Bouns/Dividend: 12.50%

PAKISTAN INTERNATION AIR CO(PIAA)
Profit/Loss (million): (9079.337)
EPS: (8.93)
Bouns/Dividend: NIL

AMERICAN LIFE INSURANCE COMPANY(ALICO)
Profit/Loss (million): 18.499
EPS: 2.60
Bouns/Dividend: NIL

CENTRAL INSURANCE(CICL)
Profit/Loss (million): 306.786
EPS: 17.60
Bouns/Dividend: 15% , 40% B

KASB SECURITIES LIMITED(KASBSL)
Profit/Loss (million): 93.000
EPS: 0.69
Bouns/Dividend: NIL

BESTWAY CEMENT(BWCL)
Profit/Loss (million): N/A
EPS: N/A
Bouns/Dividend: 77.5% R

MUSTEHKAM CEMENT(MUCL)
Profit/Loss (million): N/A
EPS: N/A
Bouns/Dividend: 210% R

ADAMJEE INSURANCE(AICL)
Profit/Loss (million): 385.953
EPS: 4.19
Bouns/Dividend: 15.00%

LAKSON TOBACCO COMPANY LTD.(LAKST)
Profit/Loss (million): (193.977)
EPS: 9.30
Bouns/Dividend: 25.00%

K.S.B.PUMPS(KSBP)
Profit/Loss (million): 17.160
EPS: 7.56
Bouns/Dividend: 12.50%

PAKISTAN GUM & CHEMICAL(PGCL)
Profit/Loss (million): (39.761)
EPS: (11.73)
Bouns/Dividend: NIL

SECURITY INV. BANK(SIBL)
Profit/Loss (million): 0.000
EPS: 0.19
Bouns/Dividend: NIL

CENTURY INSURANCE(CENI)
Profit/Loss (million): 55.326
EPS: 2.40
Bouns/Dividend: 10.00%

INDUS DYEING(IDYM)
Profit/Loss (million): Note
EPS: N/A
Bouns/Dividend: 50.00%

PAKISTAN TOBACCO(PAKT)
Profit/Loss (million): (219.724)
EPS: 3.62
Bouns/Dividend: 21.00%

DAWOOD LAWRENCEPUR LTD(DLL)
Profit/Loss (million): 67.274
EPS: 1.95
Bouns/Dividend: 15% B

ASKARI GENERAL INSURANCE(AGIC)
Profit/Loss (million): 22.214
EPS: 2.33
Bouns/Dividend: 10% B

MUHAMMAD FAROOQ TEX(MFTM)
Profit/Loss (million): (162.839)
EPS: (14.85)
Bouns/Dividend: NIL

HUSSAIN INDUSTRIES(HUSI)
Profit/Loss (million): (39.495)
EPS: (6.51)
Bouns/Dividend: NIL

Karachi Stock Exchange Weekly Analysis 3 April, 2011

The Karachi Stock Exchange (KSE) market trend was bullish during last week. The Karachi Stock Exchange (KSE) 100-share index has reached 11,886 points by gaining 334 points or 3.0 percent.

Following news have played vital role in Karachi Stock Market index movement:

  • Nice quarterly results are expected especially from blue chips, which are being started by third week of current month
  • International oil prices have been increased
  • Government has increased petroleum prices (9 to 13 percent), and political tensions are expected to be increased between coalition partners
  • State Bank of Pakistan (SBP) has announced its monetary policy last week, and kept the discount rate unchanged at 14 percent
  • Overall, banks and construction and material sectors outperformed the market, while oil and gas underperformed
  • The Asian Development Bank (ADB) and the World Bank (WB) approved loan worth $775 million to rebuild infrastructure damaged in the countrywide floods

The Top-5 scrips at the futures counter, constituting 49 percent of the total open interest position, were Pakistan Oilfields (POL), Lucky Cement (LUCK), Engro, National Bank of Pakistan (NBP) and MCB Bank. Pak Telephone, Pace (Pak) Ltd, Nestle Pakistan Limited, Habib Bank Limited and NetSol Technologies, were the major gainers while E.F.U. General Insurance, Bank Of Punjab, Media Times Limited, Rafhan Maize and Faysal Bank 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