Lower-than-expected OGDCL offer price

Posted on 12.02.06 by StockPK Team @ 5:23 pm    

Cabinet Committee on Privatisation (CCoP) announcement of below the market expectation price for Global Depository Shares (GDSs) and secondary offering of Oil and Gas Development Company (OGDCL) paved way for bearish spell at the Karachi stock market on Friday.

KSE 100-share Index lost three technical barriers of 10,600, 10,500 and 10,400 and fell 230.56 points to close at 10,388.19 points.

The junior 30-Index also registered the same level of decline of 230.99 points to 13,131.32 points.

OGDCL alone contributed 109 points to the total decline of the day in indices. The scrip opened on its lower lock and remained at that level to close at Rs120.85, shedding Rs6.35 with 2.613 million shares traded, Live Securities reported.

OGDCL book-building completed

Posted on 12.02.06 by StockPK Team @ 12:21 pm    

The Privatisation Commission (PC) on Friday announced the successful completion of the management road show and book building process for the domestic and international institutional offering of ordinary shares and Global Depositary Shares (GDS) of Oil and Gas Development Company Limited (OGDCL).

Addressing a press conference here, Minister for Privatisation and Investment said the success of this offering sends a strong signal of global institutional investor confidence on Pakistan and bodes well for Pakistan’s growing participation in the international capital markers.

The offer was priced at Rs115 per share and $18.90 per GDS with each GDS representing 10 shares.

Trading Is Not Rocket Science!

Posted on 12.01.06 by StockPK Team @ 1:04 pm    

Despite what some people may lead you to believe; day trading, swing trading and trend trading is not anywhere as difficult as they would like you to think. It really boils down to two key components.

First, you have to have an approach that helps you identify trades that have a consistently high probability of making money. Once you have this you must exploit this “edge” over and over again.

The only way to do this is to use the necessary discipline to never deviate from your system. The minute you start tinkering or tweaking things is when you will lose your edge!!!