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MARKET AND NEWS UPDATE

MARKET NEWS UPDATE

3475 replies to this topic

#1
Muzammil Akhund

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    IMPORTANT MARKET AND NEWS UPDATE....

    KSE NOTICES:

    Implentation of UIN pre trade verification: all clients codes and brokers name are subjected to pretrade UIN verification from Aug 1 .2006.brokers will register ther clients with NCCPL by 31st july.failure to do so will result in rejection of order by KATS.(notice 25th ko issue hua tha )

    De-Listing of Atlas Investment Bank Ltd on 26th july
    CFS review extensted to 31 Aug
    Suspension of trading in the shares of long term venture capital modaraba for further peroid of 60 days
    Implementation of KSE-30 INDEX on 1st sept

    Above mentioned KSE notices can be viewed in full details by vsiting http://www.kse.com.pk/
    CFS stands at 24.61 bn. scrips wise leverage positions in CFS are NBP(4.32 bn ),OGDC (4.16 bn ),PPL(3.35),MCB (2.92 bn)
    SCRA inflow is 10.91 million in july



    Muttahida Quami Movement on Thursday decided to leave the Sindh government despite receiving assurances from President Pervez Musharraf.MQM has decided to send resignation of all sindh and federal miniters,advisors to President and governeor sindh.No decision has been taken on governor resignation and resignations of all MQM elected PA,NA ,senate members.all MQM ministers will stop working in their capacities.
    Opposition(PPP,PML(N) MMA...ARD ) has decided to bring no confidence mtion against PM on NA 4th augest session
    Muzammil Akhund


    #2
    Muzammil Akhund

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    NEWS UPDATE (28/7/06)
    Muttahida quits government-Altaf endorses decision
    MMA, ARD to table no-confidence move against PM on 4th August
    First mutual fund launched abroad
    Action against mills hoarding sugar likely after July 31
    President intervenes: Ibad directed not to accept resignations of MQM ministers
    House of representatives approves US-India civil nuclear deal
    US lawmaker seeks to block F-16 sale
    Pacra maintains ATRL ratings at 'AA-', 'A1+'
    Pakistan State Oil BM on 3/8
    PICIC Commercial Bank Ltd BM on 5/8
    Dewan Group gets $52m IFC loan to explore gas, oil
    Govt approves sale of blended fuel from Aug
    Pak demography favourable for life insurance


    KSE UPDATE/NOTICES: (unfortunately not covered by any media but require your attention)
    Implentation of UIN pre trade verification: all clients codes and brokers name are subjected

    to pretrade UIN verification from Aug 1 .2006.brokers will register ther clients with NCCPL

    by 31st july.failure to do so will result in rejection of order by KATS.
    Muzammil Akhund

    #3
    Muzammil Akhund

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    MARKET AND NEWS UPDATE: .



    MARKET AND NEWS UPDATE: .

    PSM debate continued in NA /senate with babar awan,opposition member claiming to present FIR agsinst President,PM,CCOP,PC team etc.later opposition staged walkout in protest of PM absence in NA to defend CCOP/GOP/PM stance and face opposition .PSM debate will resume tomorrow at 10:00 am.

    'Independent auditor' to examine OMCs claims

    Opposition claiming to posses 53 treasury members votes to be used in PM No confidence Motion.if its true 141 opposition votes +53 non opposition votes makes 194.opposition need 171 votes to unset PM.currently PML Q -alliance have 201 majority votes.

    NA standing comm on finance meeting postponed due to controversory over AGENDA and members Signatures.



    Rain lashes Karachi ,Hyderabad crippling life and resulted in collapse of infrastructure(traffic jams road blocks,cellular network outage).approx 10 feared dead due 2 thunder lighting,electricuation etc.

    HCAR launches new HONDA ACCORD :PGM-F1 (Programmed Fuel Injection) Accord 2.4 i-VTEC is priced Ex Fcatory at Rs: 2,399,000.00

    Market rumour is JOVC'S CAP WILL OPEN AT RS 50,Bonus rumour in BOP(30%) and AICL(50%)...CAUTIOUS ADVICED







    MARKET UPDATE :

    SCRA inflow is $14.72m (july to 15th aug)

    CFS: 24.32 bn ( +2.9%)

    Open Interest Value: 9.6 (-3.8%)

    Total leverage Value : 33.93 bn (+0.9%)





    COMPANYS UPDATE

    BM update



    ATRL BM on 28/08

    AICL BM on 23/8 11:00 am

    Askari General Insurance 24.08.2006 10:30 am

    New Jubilee Insurance Co 25.08.2006

    Wyeth Pakistan Limited 24.08.2006 11:30





    EARNING PREVIEW:

    BOP- 1HY2006 results preview:The expected 1HFY06 net earnings are Rs.2.0 billion (EPS: Rs. 7.11-7.29)

    NBP- 1HY2006 results preview:EPS: Rs.10.3-11.60

    MCB- 1HY2006 results preview: EPS of Rs11.8-12.0

    Pakistan Oilfields Limited (POL):FY06 result preview:PAT :PRs6.48bn, which translates into an EPS of PRs32.89

    ICI Pakistan 1HCY06 pre-result:EPS PKR4.00-4.2 DPS=2.0-2.25

    Packages: EPS of Rs7.5-7.7 expected in 1H2006

    Sui Southern Gas Company Ltd. earning preview FY06:expected to post net earnings of

    Rs.728.2 million (EPS: Rs.1.09).







    DISCLAIMER :

    Information is collected from various media sources,brokerage houses, research reports etc o disseminate updated market related news for reader's benefit.Please make your own due diligence before making any decision
    Muzammil Akhund

    #4
    ibrar

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    Todays News Short selling allowed from september contracts

    #5
    Muzammil Akhund

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    KSE BoD decided to allow short selling in future counter effective from sept 06
    5% circuit breaker limit,100 % margin requirement in form of approved scrips will remain effective till further order-AAJ TV and BP
    LTP suspect arrested in Pak
    KSE will open on friday as usual.
    DPW to invest $211 million at Port Qasim
    Netsol has become 1st Pak co to recieve SIE-CMMI level 5 certification
    Muzammil Akhund

    #6
    Muzammil Akhund

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    The State Bank of Pakistan said it would conduct a two-way open market operation (OMO) on Friday to sell as well as buy back Treasury bills from commercial banks for a one-day tenure.SBP did not say how much it would absorb or inject into the market.
    PSM debates continues in senate ,NA session adjourned due 2 lack of quorum.
    Lakki Cement, Gadoon Textile, Bank Al-Falah get SCCI award
    Govt urged to dissolve Tobacco Board
    Shell launches new diesel
    According to mkt sources suggest AH has made some good buying in NBP yeterday(my broker has also confirmed it) and likely to perform .240 seems immediate resistance.again its not BUY/SELL recommendation
    according to mkt sources AICL 2q06 earning is 7.0-7.2 that makes HY06 earning 15.5-16.strong chances of up cap as 50% bonus rumour has set AICL on fire.again its not BUY/SELL recommndation from me.
    etisalat eyes international licence in Egypt
    Glaxo withdraws AIDS drug patent plan in Thailand, India
    Cotton tax will raise the cost of production: APTMA
    New tax to affect small textile industry
    Manufacture of complete ehanol-based car in Pakistan
    Muzammil Akhund






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