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Dividends : National Refinery Limited (NRL), the largest listed refinery of the country recorded Rs 1.153 billion profit after tax in the first half of current fiscal against Rs 793 million net loss, it posted  in the corresponding period of the previous year.The net profit translated into Rs 14.43 earnings per share during the period under review over Rs 9.92 loss per share in the same month a year ago, …The gross sales of the company plunged to Rs 59.785 billion in July-December 2009-10 from Rs 80.336 billion in the previous year.

Nestle Pakistan: Nestle Pakistan’s net profit almost doubled to Rs 3 billion in calendar year 2009 against Rs 1.552 billion in the previous year, …Earnings per share also rose to Rs 66.27 in the year under review from Rs 34.24 in the previous year and sales also went up to Rs 41 billion during the year from Rs 34 billion a year ago.The financing cost dropped to Rs 442 million in the year ended December 31, 2009 from Rs 557 million in the previous year.Nestle Pakistan also announced a final cash dividend of Rs 2.00 per share i.e. 20 percent for the year ended at December 31, 2009. This is in addition to interim dividends already paid at Rs 40.00 per share i.e. 400 percent…. Daily Times

News : The Federal Minister for Finance Shaukat Tarin has ultimately decided to resign from his office at the end of this month,…the minister has apprised the Prime Minister pertaining to his decision. He wanted to supervise the management of his own bank… Aaj News

Market Low : 9,783.65 High : 9,868.20

Market Close : 9,786.46 — 23.52 points down

News : ENI Pakistan and Pakistan Petroleum Limited (PPL) have joined hands and started drilling Shark-1 offshore well on January 17th. Total cost of the project is estimated at $44 million. The Minister for Petroleum and Natural Resources Syed Naveed Qamar said this at a press conference on Monday after returning from the drilling site. Shark-1 is located in Indus M Block in the Arabian Sea, which is 87 kilometres southwest of Karachi. The block is a joint venture between ENI of Italy having a 70 per cent working interest and PPL with 30 per cent share. It would take around eight to 10 weeks to drill the well to the depth of approximately 3,540 metres and then they would know about the results of the operation, the minister said and expected exploration of gas reserves from the site.…The News

Pakistan’s Soneri Bank (SBL) said on Monday it is interested in buying the local operations of Royal Bank of Scotland. "SBL will be seeking approval of the State Bank of Pakistan to proceed with the due diligence of RBS Pakistan," Soneri Bank has a market value of around $72 million and, according to its website, and operates 154 branches nationwide. Last week, Egypt’s No.1 bank EFG-Hermes expressed interest in buying RBS Pakistan, and Pakistan’s Faysal Bank last month also expressed interest…. Aaj News

Market Low : 9,754.94 High : 9,844.75

Market Close : 9,809.98 — 40.25 points up.

The Karachi Stock Exchange will remain closed today due to a public holiday in Pakistan. Trading will resume on Monday 8th.

News : Egypt’s No 1 bank EFG-Hermes has expressed interest in buying the operations of the Royal Bank of Scotland (RBS) in Pakistan, SBP official said on Thursday….we have been approached by EFG-Hermes for permission to start due diligence of RBS Pakistan," said Syed Wasimuddin, chief spokesman of the State Bank of Pakistan. Last month, Faysal Bank also expressed an interest in buying RBS Pakistan. The central bank has yet to grant permission to both EFG-Hermes and Faysal Bank to start due diligence, Wasimuddin said… Aaj News

Market Low : 9,627.63  High : 9,804.03

Market Close : 9,769.73 — 142.10 points up.

Dividends : The Pakistan Telecommunication Company Ltd (PTCL) announced its financial results for the half year ended on December 31st. The company has announced a net profit of Rs5.354 billion and earning per share (EPS) of Rs1.05 compared to Rs5.314 billion and EPS of Rs1.04 recorded in the same period last year, showing an increase of 1%.
During the period under review PTCL earned Rs6.7 billion profit after taxation, which is 13 per cent higher when compared with same period last year.The company did not announce any payout with the results…The News

Market Low : 9,557.52  High : 9,638.33

Market Close : 9,627.63 — 32.39 points up.