About Tanveer Sultan
Tanveer Sultan is a marketing manager in Sultan Plastic Industries and an active trader in the stock markets.
“No matter how strong a bull may be, there is a time when it gets tired”, I said in my article “How Much Bull Can you Take”. My sentence reflected the market situation last week. (Behold, for my next trick I shall make Chirac disappear!) I mentioned that the bullish trend would continue and it is going to be a week of correction. It wasn’t exactly a correction of the magnitude I’m still [...]
Posted in Analysis
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Tagged KSE, MCB, PTCL
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OGDCL was listed on GDR on December 18, 2006 at a price of US$ 1.89/share, which accounts approximately to Rs. 113.40 (the exchange rate being Rs. 60/US$ 1). Moreover, GoP also launched 20 million shares from its holdings in the company in what is a secondary public offering and what is termed a second IPO in mid-January of this year at a price of Rs. 110/share.
... Read More (783 words, estimated 3:08 mins readi [...]
Posted in News
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Tagged GDR, IPO, KSE, OGDCL
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Last week was another good one for the stock markets; KSE-100 index gained about 500 points. The bulls ran rampant. The trend which started mid-January continued. The index gained more than 1, 000 points overall straight away, without any correction. The index, which started rising mid-January, is now above 11, 500 points. TNA, people: Total Non-stop Action.
... Read More (929 words, estimated 3:43 mins reading t [...]
Posted in News
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Tagged ADIP, AICL, Bull, KSE, Mansha, MCB, NCL, NML, Pakistan, PTCL, Spain
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Needless to say, a stock market is a very interesting playground; things change quite quickly and decisively. A few days ago we saw a bearish trend in the market and now the trend has changed to bullish. These were the levels and prices where everyone was selling and leaving the market; now, everyone’s back on the wagon again, everyone wants to buy and make money.
Last week the bullish trend continued. The In [...]
Posted in Analysis
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Tagged Bear, Bull, CFS, FDI, Goldman-Sachs, IPO, KSE, Lackson-Tobacco, LSE, MCB-Bank, Merrill-Lynhc, NBP, NIT, Pakistan, Philip-Morris, Stocks
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BOARD MEETING:
The Board of Directors (BoD) of Engro Chemicals Limited (Engro) was scheduled for Saturday 20 Jan. 2007 to approve the 2006 full-year results. However the results were announced on 22 Jan. 2007 at 10:00 am. Circumspect though it may seem, bear with me.
2005 DISCLOSURES:Profit after Tax (PAT): Rs. 2, 320 million
Earnings per Share (EPS): Rs. 13.79
Payout: Total cash dividend of Rs. 6
2006 EXPECTATION [...]
Again, here’s my take on the news. I think the three more important ones, that directly pertain, hence affect, the Karachi stock exchange, are:
1. The release that Prime Minister Shaukat Aziz is to postpone the decision to levy Capital Gain Tax for the next year.
2. The Sindh Government’s decision to discontinue stamp duty on electronic transfer of shares. [This proposal was in the last budget (June 2006). The [...]
Posted in Articles
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Tagged Balochistan, Bosicor, Capital-Gain-Tax, CTTL, Dubai, Engro, FFCL, IPO, KSE, Merrill-Lynch, Mobilink, POL, PSO, PTCL, SBP, Shaukat-Aziz, Sindh, Wateen
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The reports by the agencies below that came around mid-December have been issued pertaining to our present economic condition and a look into the future. SBP primarily touted foreign investments for last half year, drooling from the prospects of privatizations in the couple of years to come. And, as usual, there was some news directing the path of KSE. Let’s have a brief look on the reports first.
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After the index breaking the 9,900 level last month, started to rise gradually. When such a crash comes there is a level where short sellers start profit taking, so there is a slight change in the trend. Secondly the prices came on the lower level that they attracted the individuals to buy shares. As the future contracts for December were over and new month started so a fresh buying in Jan contracts was obvious. A [...]
Posted in Articles
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Tagged Badla, CFS, CTTL, Goldman-Sachs, KSE, MCB, Merrill-Lynch, NBP, OGDC, PPL, SBP, SECP
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In the past two years we have seen some tremendous highs and lows in the stock market. Yet again we witness a major decline in the index. It all started in mid-December 2006, the causes being:
• Oil and Gas Development Corporation (OGDC) listing and undervalued sale of Global Deposit Receipts (GDRs);
• Selling in the banking sector due to acquisitions, and;
• Primarily, suspension of Callmate (CTTL) shares’ [...]
Posted in Articles
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Tagged Badla, CFS, CTTL, FDI, GDR, KSE, NBP, NIB, OGDC, PICIC, SBP, SECP
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