14,028 - Big Correction

14,028The KSE-100 index got badly buggered today with an intra-day low of 13,955 and closed down at 14,028, 364 points down. Political Jitters and a bomb blast appear to be the reason for the fall, along with a correction based on the end of the result season. Depending on how jittery investors feel 2moro, the next downside could be 13,700. Keep the Vaseline handy for the moment.

Dividends : Pakistan Petroleum : Eps :7.01
United Bank Ltd : Eps : 8.75
P.T.C.L : Eps : 0.59
Arif Habib Securities Ltd : Eps : 7
Nishat Mills : Eps : 3.03
Standard Chartered Bank : Eps : 1 

News : The profit after tax of Pakistan Telecommunication Company Limited (PTCL) has declined to Rs 3.012 billion in the quarter ended on September 30 as compared to Rs 5.151 billion earned in the corresponding period last year.The board of directors of the company, in its meeting held on Tuesday, declared that the earning per share of the company stood at Rs 0.59 in the period under review against Rs 1.01 in the same period last year… the company’s revenue declined to Rs 14.353 billion in the three month period this year against Rs 16.858 billion in the same quarter last year… Aaj News

United Bank Ltd (UBL) achieved profit before tax of Rs 11.1 billion at the end of the first 9 months of the current year 2007.According to UBL, this represents a growth of 5% over the same period last year, in an increasingly competitive market scenario. Net profit after taxation at Rs 7.1 billion is 3% higher than the same period last year, which translates into earnings per share of Rs 8.75…Aaj News

Lower caps : BAFL + BOP + DGKC + JOVC + AHL + WTL +Pace 

Market Low :  13,955.64 High: 14,421.15

Market Close : 14,028.64 – 364.94 points down

source: karachistockmarket.blogsome.com

Filed under Daily Market News, Dividends



Leave a Comment

rss feed