Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. PAKISTAN MARKET INDICATORS EXCHANGE RATES CURRENCY ACTIVITY Friday 2-Dec Friday 9-Dec Sat 17-Dec Friday 23-Dec Friday 30-Dec Friday 6-Jan DOLLAR Buying 107.7 107.3 107.75 108.5 108.2 108.35 Selling 108 107.6 108.05 108.8 108.5 108.65 POUND Buying 134.75 134.5 133.25 133 131.75 132.75 Selling 136.5 136.25 135 134.75 133.5 134.5 EURO Buying…
Author: S. Kamal Hayder Kazmi
PETROLEUM PRICES IN PAKISTAN (Rs/Ltr) DATE HOBC PREMIUM HS DIESEL LS DIESEL KEROSENE Jan 02, 2017 72.68 66.27 75.22 43.35 43.25 Dec 01, 2016 72.68 66.27 75.22 43.35 43.25 Nov 01, 2016 72.68 64.27 72.52 43.35 43.25 Oct 01, 2016 72.68 64.27 72.52 43.35 43.25 Sep 01, 2016 72.68 64.27 72.52 43.35 43.25 Aug 01, 2016 72.68 64.27 72.52 43.35 43.25 Jul 01, 2016 72.68 64.27 72.52 43.35 43.25 Jun 01, 2016 72.62 64.27 75.86 40.2 45.23 May 01, 2016 72.62 64.27 72.52 37.97 43.25 Apr 01, 2016 72.62 64.27 72.52 37.97 43.25 Mar 01, 2016 72.62 62.77 71.12 37.97…
[dropcap]P[/dropcap]etroleum products account for a substantial portion of Pakistan’s import bill. During FY2011-12, Pakistan imported $18.9 billion worth of crude oil but courtesy of the steep decline in the commodity’ foreign price, oil imports came down to $7.9 billion during FY2015-16. The savings on oil import enabled the country to increase the purchase of machinery and other capital equipment essential for development without having the present account deficit shoot up. Not only that, low oil rates were instrumental in keeping the general price level from rocketing. Thus greater than any other factor, low oil rates were accountable for single-digit inflation…
[dropcap]F[/dropcap]or the past 39 years, Pakistan State Oil (PSO) has been fueling the needs of the state and acknowledged as the leading public sector company of Pakistan, the company has been driving the wheels of the nationwide economy. It is the first public company to pass the 1 trillion rupee revenue mark. Presently the management of company is engaged in the marketing and distribution of various POL products counting Motor Gasoline (Mogas), Furnace Oil (FO), Jet Fuel (JP-1), High Speed Diesel (HSD), Kerosene, LPG, CNG, Petrochemicals and Lubricants. PSO has the most wide-spread retail network in Pakistan with over 3,500…
PSX STANDS ANOTHER MILESTONE Pakistan Stock Exchange on Friday achieved another milestoneas the benchmark KSE-100 Index crossed 49,000 points psychological level andended at new high of 49,038.23 points with healthy increase of 324.60 points. Trading activities also improved on the last trading day ofthe week as daily trading volumes increased to 430.724 million shares ascompared to 329.241 million shares traded on Thursday. Total market capitalization rose by Rs 41 billion to Rs 9.795trillion. Out of total 423 active scrips, 264 closed in positive and 140 innegative while value of 19 stocks remained unchanged. The foreign investors,however remained net sellers of…
GOLD RISES NEARLY 4-WEEK HIGH Gold rose to the highest in nearly four weeks on Wednesday as the dollar edged back from a 14-year peak and physical demand from major consumers China and India increased. Spot gold climbed to its highest since December 9 at $1,167.83 an ounce and was up 0.2 percent at $1,161.2 by 2:49 p.m. EST (1949 GMT). US gold futures settled up 0.3 percent at $1,165.30. The dollar index has consolidated and the big outflow from exchange-traded products (ETPs), which has been the biggest headwind for gold in the past few months, has stopped recently. [divider…
SULPHUR OIL AND BALLAST WATER TREATMENT SET RULE FOR VESSELS NOW Shipowners around the world are faced with increasing costs, which could offset any potential rebound of freight rates over the course of the next year or so, as a series of new regulations are bound to necessitate new investments in the existing fleet. First off, the entry into force of the Ballast Water Management Convention means that by this coming September all vessels will have to be fitted with some sort of BWM system, preferably approved by the US Coast Guard as well, otherwise the ship won’t be able…
[dropcap]R[/dropcap]ESOURCE-ALLOCATION DECISIONS THE ALLOCATION OF CAPITAL AND PEOPLE DETERMINE WHETHER THE ORGANIZATION WILL DO WELL OR POORLY. The allocation of capital and performing people converts into action all that management knows about its business – they determine whether the organization will do well or well or poorly. An organization should allocate human resources as purposefully and as thoughtfully as it allocates capital. To understand a capital investment, a company has to look at four measures: return on investment, payback period, cash flow, and discounted present value. Each of these four measures tells the executive something different about a prospective capital…
Market indicators are a series of technical indicators used by traders to predict the direction of the major financial indexes. Most market indicators are created by analyzing the number of companies that have reached new highs relative to the number that created new lows, also known as market breadth. PAKISTAN MARKET INDICATORS EXCHANGE RATES CURRENCY ACTIVITY Friday 25-Nov Friday 2-Dec Friday 9-Dec Sat 17-Dec Friday 23-Dec Friday 30-Dec DOLLAR Buying 107.15 107.7 107.3 107.75 108.5 108.2 Selling 107.45 108 107.6 108.05 108.8 108.5 POUND Buying 133.5 134.75 134.5 133.25 133 131.75 Selling 135.25 136.5 136.25 135 134.75 133.5 EURO Buying…
CREDIT/LOANS CLASSIFIED BY BORROWERS (Outstanding position at the end of month) (Million Rupees) Description June-15 Nov-15 June-16R Nov-16P 1. Credit to Government Sector (A+B) 7,265,070 7,386,711 8,109,581 8,363,132 A. SBP Credit to Government Sector (Net) 1,987,950 1,625,627 1,454,273 2,498,439 B. Scheduled Banks Credit to Government Sector (Net) 5,277,120 5,761,084 6,655,308 5,864,693 2. Credit to Non Government Sector (A+B) 4,409,977 4,487,285 4,953,550 5,096,059 A. SBP Credit to Non Govt. Sector 29,826 32,953 32,603 33,185 B. Scheduled Banks Credit to Non Govt.Sector (I+II+III) 4,380,151 4,454,332 4,920,948 5,062,874 I. Credit to PSEs 611,812 646,694 749,837 796,361 II. Credit to NBFIs 117,274 109,065 129,258 134,942…
Bank registers satisfactory results in Q1-2016 [dropcap]I[/dropcap]n continuation of National Bank of Pakistan journey for embracing the future banking, the bank has inked a deal with one of the world’s most distinguished card brands MasterCard. The Bank is cognizant of the future banking needs and the management of the Bank has embarked upon many technology steps aimed towards provision of multiple delivery channels; and this deal is part of the journey of offering best in class products. The signing with MasterCard was a significant milestone for NBP, as it will further offer NBP account holders choice of leading card schemes…
[dropcap]HBL[/dropcap] has delivered a consolidated profit after tax of Rs25.8 billion for the first nine months of 2016, slightly higher than the Rs25.7 billion achieved for the same period in 2015. Earnings per share (EPS) for the first nine months of 2016 were Rs17.47 as against to Rs17.53 in the comparable period of 2015. Pre-tax profit for the first three quarters of 2016 is Rs43.5 billion, 8.0 percent lower than for the corresponding period of 2015. The 2015 results included exceptional capital gains, chiefly because of re-profiling of the PIB portfolio, which were not predicted to be repeated. Excluding the…
BULLS TOSS PSX INDEX TO FRESH PEAK A bullish trend continued on Pakistan Stock Exchange (PSX) on the last trading day of the year 2016. The benchmark KSE-100 Index rose by 140.31 points to close at all-time high of 47,806.97 points Friday. The Index hit 47,938.65 points intra-day high, however it failed to sustain this level due to selling in select stocks at the fag end. Daily trading volumes stood at 387.301 million shares as compared to 390.854 million shares traded Thursday. The market capitalization increased by Rs 59 billion to Rs9.628 trillion. Out of total 409 active scrips, 203…
OIL FUTURES RETREAT FROM 17-MONTH HIGH Oil futures fell from the highest close in 17 months on Wednesday as an industry report was said to show US crude stockpiles climbed last week. Futures retreated 45 cents from the close after the American Petroleum Institute said late Tuesday that nationwide crude inventories rose 4.2 million barrels last week. West Texas Intermediate oil settled higher for an eighth straight session, capping the longest stretch of gains in seven years as optimism mounts that major producers will make good on output-cut pledges in January. [divider style=”normal” top=”20″ bottom=”20″] GOLD RATES RISE BY MOST…
ASIA-EUROPE CONTAINERS RATE GROWS Spot rates for shipping containers from Asia to northern Europe rose 4.3 percent to US$1,049 per TEU in the week ending Friday. Asia-Mediterranean trade increased 1.7 percent to $963 per TEU. Asia to the US west coast fell 4.2 per cent week-over-week to $1,541 per FEU while those to the east coast off 0.5 percent to $2,613 per FEU. [divider style=”normal” top=”20″ bottom=”20″] SOUTH KOREA’S SHIPBUILDERS FACE GLOOMY YEAR South Korea’s top three shipbuilders are expected to suffer from tough business conditions in 2017 with their orders likely to reach levels similar to this year. In…
[dropcap]E[/dropcap]VA AS A PRODUCTIVITY MEASURE UNTIL A BUSINESS RETURNS A PROFIT THAT IS GREATER THAN ITS COST OF CAPITAL, IT DOES NOT CREATE WEALTH, IT DESTROYS IT. Measuring total-factor productivity is one of the major challenges confronting the executive in the age of knowledge work. For manual work, measuring quantity is usually sufficient. In knowledge work, we have to manage both quantity and quality, and we do not know yet how to do that. We must try to assess total-factor productivity using the common denominator of revenues and expenses. By measuring the value added over all costs, including the cost…