Companies Results Jan 2013

Fatima Fertilizer Company (FATIMA)
Profit/Loss (million): 1890.0
EPS: 2.91
Div/Bonus: 20%

Arif Habib Corporation (AHCL)
Profit/Loss (million): 969.429
EPS: 3.01
Div/Bonus: NIL

Honda Atlas Cars (HCAR)
Profit/Loss (million): 81.34
EPS: 0.07
Div/Bonus: NIL

Mitchell Fruit Farms (MFFL)
Profit/Loss (million): 24.852
EPS: 3.94
Div/Bonus: NIL

Attock Refinery Ltd (ATRL)
Profit/Loss (million): 1736.009
EPS: 37.61
Div/Bonus: 25%

National Refinery Ltd(NRL)
Profit/Loss (million): 764.534
EPS: 19.59
Div/Bonus: NIL

Attock Cement (ACPL)
Profit/Loss (million): 600.62
EPS: 9.62
Div/Bonus: 30%

Pakistan Oil Fields (POL)
Profit/Loss (million): 3097.633
EPS: 23.95
Div/Bonus: 200%

Lotte Pakistan (LOTPTA)
Profit/Loss (million): 227.13
EPS: (0.12)
Div/Bonus: NIL

Fauji Fertilizer (FFC)
Profit/Loss (million): 7048.127
EPS: 16.38
Div/Bonus: 50%

Fauji Fertilizer Bin Qasim (FFBL)
Profit/Loss (million): 2204.50
EPS: 4.64
Div/Bonus: 22.50%

Karachi Stock Exchange Weekly Analysis 26 January, 2013


The Karachi Stock Exchange (KSE) benchmark was bullish and crossed the highest level of 17,000 points. Volumes increased by 33.5 percent on week-on-week basis to 200 million shares against 150 million shares last week. The reduction in political noise over the preceding week, and result season in full swing can be considered as one of the major reasons behind the current momentum. KSE – 100 index closed at 17,056.36 points by gaining 454.59 points or 2.74 percent, while KSE – 30 index has reached on 13,931.66 by gaining of 389.46 points or 2.88 percent. Analyst said result-based rally would keep dominating the market as major companies will be announcing their December results next week.

Fresh inflows in exploration and production stocks pushed the 100-share index to another historic high. The heavyweight E&P stocks led the bullish run and were well supported by cement and textile sectors during the week. Investors hopes for policy rate cut in policy announcement due next month, rising local cement prices, easing political uncertainty and renewed foreign interest played a catalyst role in the bullish close in stocks across-the-board.

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


  • The result season has kicked‐off with FFC disclosed its result which was inline the street estimates followed by EFOOD results depicting a growth of 1.8x, hence the stock trade at an exceptional price earnings multiple of 30x
  • Investors are confident, amid hopes for cut in the discount rate and better results of corporate sector
  • Key upcoming results next week include LOTPTA, APL, POL, ACPL, ATRL, LUCK, KOHC and FATIMA
  • The upcoming week can be considered as a result heavy week where LUCK along with ATTOCK group will announce its financial results
  • Better result with healthy payout anticipated from PTCL which kept the stock in the limelight
  • Cement sector continued to perform well where FCCL, DGKC and LPCL were among the top ten volume leaders
  • PSMC has increased prices of cars by PKR20,000. Prices of Jimny and APV vehicles were not increased. The new revised prices of Suzuki MehranVX and VXR are PKR595,000 and PKR652,000, while the price of Cultus VXRi is PKR1,005,000
  • Engro Corporation has claimed PKR34bn in damages from SNGPL for breach of sovereign contract promising supply of gas to the diversified conglomerate’s fertilizer plant
  • IGI and ALICO entered into a share purchase agreement, by virtue of which IGI will acquire the entire sponsors‐institutional holding in Alico
  • Textile exports up 8% YoY to US$6.46bn in 1HFY13
  • T‐bill Auction yields cut by 2‐9bp
  • Foreigners remained net buyers of $1.8 million during the week
  • The news flows regarding Secondary Public Offering of Pakistan Petroleum Ltd, settlement of property dispute with Etisalat and issuance of 3G licence stayed the driving factors for the local equities


Dawood Hercules, Bata (Pakistan), P.T.C.L., Adamjee Insurance, JS Growth Fund, Nishat Chunian Power, Lafarge Pakistan, KAPCO, Cherat Cement and BankIslami Pakistan were the major gainers while Pak Services, Rafhan Maize, Tri-Pack Films, Allied Rental Modaraba, Jubilee General Ins. Co Ltd, Colgate Palmolive, Clariant Pakistan Ltd. J.D.W.Sugar, Thal Ltd., and National Foods were major losers in the benchmark KSE-100 this week.

Top ten volume leaders were: FCCL, JSCL, PTC, TRG, ENGRO, NBP, DGKC, LPCL, KESC, and EFOODS.

Thank you very much for reading this article.

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

Written by: Rana Khurram

Karachi Stock Exchange Weekly Analysis 19 January, 2013


The Karachi Stock Exchange (KSE) benchmark witness hefty volatility, because of political turmoil and uncertainty. KSE – 100 index closed at 16,601.77 points by losing 32 points or -0.2 percent, while KSE – 30 index has reached on 13,542.20 by losing of 56 points or -0.41 percent.

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


  • The week kicked off in the aftermath of the Quetta incident which claimed over 100 lives and the Balochistan government, focus quickly shifted to the long march and sit in led by Dr. Tahir‐ul‐Qadri
  • Supreme Court order to arrest accused persons including Prime Minister Raja Pervaiz Ashraf
  • LSM (Large Scale Manufacturing) grew 6.5% YoY in Nov‐12, 2.38% in July to Nov‐2012
  • The board of directors of NML in their meeting last week approved the divestment of up to 15% of its shareholding in Lalpir Power Limited as part of divestments by the sponsors of Lalpir Power
  • IMF concerned at failure to reform power sector
  • Government faces Rs 102 billion revenue shortfall
  • Gas production increases by 4pc in 2012
  • Meezan Bank, the first and largest Islamic commercial bank, has entered into an agreement with Mashreq Bank PSC, UAE, under which Meezan Bank will earn Shariah‐compliant profit on its dollar clearing account balance held with the Mashreq Bank, according to a statement on Tuesday
  • Atlas Honda said that the new price of CD‐70, Pridor, CG‐125 and its Delux model is quoted at Rs68,000, Rs84,000, Rs98,000 and Rs118,000 as compared to Rs67,500, Rs83,000, Rs96,500 and Rs116,500 respectively
  • PSMC has decided to increase prices of its vehicles by around Rs 20,000 to Rs 25,000 per unit
  • Key upcoming result announcements include LOTPTA, FFC and EFOODS


TRG Pakistan, Fauji Cement, Pak Services, Packages Limited and Jahangir Siddiqui & Co were the major gainers while Rafhan Maize, ICI Pakistan, Murree Brewery, TPL Trakker Ltd and Bata (Pakistan) were major losers in the benchmark KSE‐100 this week.

Thank you very much for reading this article.

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

Written by: Rana Khurram

Karachi Stock Exchange Weekly Analysis 12 January, 2013


The Karachi Stock Exchange (KSE) market sentiments were weak, because political uncertainty weighed heavily on investor’s minds. KSE – 100 index closed at 16,634.71 points by losing 14 points or 0.1 percent, while KSE – 30 index has reached on 13,598.03 by increment of 8.39 or 0.06 percent. Volumes declined by 35 percent on week-on-week basis to 96 million shares against 148 million shares last week. Foreigners remained interested towards cheap stocks and were net buyers of $8.5 million this week in the market.

Higher home remittances, positive talks with the International Monetary Fund (IMF) on macroeconomic assessment, government’s assurance for timely elections in the country and hopes for easing political uncertainty affected the sentiment. Rising cement sales data, expectations for stronger earning announcements in the blue-chip stocks and higher global commodities played a catalyst role in the bullish sentiment at the KSE, despite concerns over the circular debt in the energy sector and lower car sales data.

According to experts, Next week will be shaky until long march scene is over. Apart from political situation, other factors are positive and foreign investment is also coming in the market. Analysts said that traders preferred to remain to the sidelines during most trading days of the week watching the uncertain political developments and economic concerns in the country.

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


  • The topsy‐turvy behavior of politics dictated the market moves nonetheless despite heightened security concerns and upcoming long march
  • Muttahida Qaumi Movement’s (MQM) decision not to become part of the long march also has a positive impact on the market
  • Foreign investors remained upbeat and poured in US$ 8.4 million
  • Cement stocks remained in the limelight in anticipation of better results
  • Government of Pakistan has directed the authorities concerned to work out a plan for restoration of gas supply to the four fertilizer plants on SNGPL network. The four fertilizer plants on SNGPL network including Pakarab, DHCL, Enven and Agritech have suffered more than any other industry due to chaotic gas situation since Dec, 2011
  • SBP has finally allowed the Fauji Foundation to acquire majority shares of the AKBL (Askari Bank)
  • PPL in collaboration with ENI is set to start for the first time drilling of exploratory well in Sindh’s deep sea, 200 nautical miles from Arabia. PPL has acquired exploration rights in a block located 100km from Baghdad, Iraq for oil exploration and hoped that it will be a potential block, which will result in oil discovery 
  • Engro raised urea prices by PRs20 per bag to PRs1670 per bag
  • NML announced to offload 15% of its holdings in Lalpir Power Limited through OFS
  • Zong mulling to acquire defunct LDI license of Callmate Telips
  • FFBL announcing its annual results, posting EPS of PRs4.64, down by 60% YoY, accompanied by a dividend of PRs2.25 per share
  • Foreign exchange reserves fell by US$249.3mn to US$13.56bn for the week ending January 4, 2013, on account of debt repayment to the IMF. Reserves held by the SBP decreased to U$8.77bn, down by US$239.7mn. Similarly, reserves held by the commercial banks dipped by US$9.6mn to US$4.79bn.
  • Results season has also started but it would take some time to affect the market
  • Next week will evolve around the long march and negotiations with the International Monetary Fund (IMF)
  • Change in management of Askari Bank brought investors’ interest towards the scrip while Nishat Chunian remained active after the company announced its restructuring process
  • Cements and Textiles are particularly expected to report healthy profits where the two sectors are again likely to be in the limelight in the coming days


Fauji Cement, Askari Bank, Pakistan Tobacco Co, Agriauto Ind, Ghani Glass, UBL, Pakistan Cables, Millat Tractors, Sui South Gas, and Bank Al-Falah were the major gainers while Grays of Cambridge, J.D.W Sugar, Abbot Laboratories, Attock Cement, National Foods, KESC, BankIslami Pakistan, Soneri Bank, Attock Refinery Ltd., and JS Bank Ltd. were major losers in the benchmark KSE-100 this week.

Top ten volume leaders were: FCCL, JSCL, AKBL, PTC, FFBL, NCL, DGKC, TRG, LUCK, and EFOODS.

Thank you very much for reading this article.

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

Written by: Rana Khurram

Karachi Stock Exchange Weekly Analysis 5 January, 2013


The Karachi Stock Exchange (KSE) index movement was bearish, because of political uncertainty prevailing within the country. KSE – 100 index closed at 16,648.84 points by losgin 294.35 points or 1.74 percent, while KSE – 30 index has reached 13,589.67 points by losing of 205.89 points or 1.49 percent. Trading activity picked up during the week with average daily volumes rising by 22.6%WoW to 148mn shares.

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


  • New entrant Mr. Tahir‐ul Qadri and his reform agenda could be the core reason behind the recent market downturn
  • Increase in gas tariff for all categories by 6.0% effective Jan 1, 2013
  • Acceleration in CPI for the first time in seven months to clock in at 7.93% YoY in Dec, 2012
  • Reduction in EFS rates by 20bps effective Jan 1, 2013
  • Improved FX position of the country following reserve improvement by US$430mn WoW to US$13.8bn due to receipt of US$688mn from the Coalition Support Fund (CSF)
  • According to analyst, the market is likely to remain patchy in the coming week as investors eye the outcome of the threatened Long March, due to take place on Jan 14
  • The next trigger for the market will likely be the commencement of the result season 
  • Cements and Textiles are particularly expected to report healthy profits where the two sectors are again likely to be in the limelight in the coming days
  • Central Directorate of National Savings announced 20‐24bp reduction in profit rates of National Savings Scheme instruments effective January 1st, in response to 50bp cut in discount rate by the State Bank
  • Pakistan on received USD688mn from the USA on account of CSF, a fund created for reimbursing expenses incurred by Pakistan on counter‐insurgency operations
  • Forex reserves up by US$430mn during the week ended Dec 28th to US$13.8bn, mainly due to arrival of foreign inflows worth US$688mn under the Coalition Support Fund from US
  • ICI Pakistan announced on the Lucky Holdings had completed the acquisition of shares


Ghani Glass, Pakistan Reinsurance, Millat Tractors, Security Paper Limited, Clariant Pak, JS Growth Fund, Murree Brewery Co Ltd, Colgate Palmolive, Askari Bank Ltd, and Attock Cement were the major gainers while Hum Network Limited, Siemens Pak Engg, Grays Of Cambridge, TPL Trakker Ltd, Azgard Nine, IGI Insurance, Pace (Pak) Ltd., B.O.Punjab, JSCL, and Int.Ind.Ltd were major losers in the benchmark KSE-100 this week.

Top ten volume leaders were: JSCL, BOP, FCCL, NIB, PTC, ANL, TRG, KESC, NML, and DGKC.

Thank you very much for reading this article.

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

Written by: Rana Khurram