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Monday blues? Not for the Fauji Fertilizer Companys (FFC) shareholders as the leading urea manufacturer delighted its shareholders with full-year dividends of Rs.20 per share; an astonishing 50 percent bonus issue and last but not least, a more than 100 percent rise in the yearly income. The CY11 financial results of FFC were nothing short of a record galore, as the Company continued to smash record profits, quarter after quarter.
In line with the expectations of market analysts, Luckys performance in 1HFY12 was stellar. With the volume of export sales having dwindled 8 percent year on year, in 1HFY12, much of the improvement in the top line came on the back of local sales.
After a weak FY09, the profitability of National Refinery Limited has improved consecutively till FY11. But, it seems that FY12 will weigh heavy on the refinery after the Company posted its semiannual results just recently.
For LOTPTA, 2011 saw the end of the glory days witnessed in 2010. While the year started off phenomenally, with the first quarter recording whopping profits with a net margin of 16 percent, the journey downhill commenced from the second quarter onwards, with the Company showing losses in 4QCY11.
Much is said about Pakistans agriculture sector and the farmers ever improving economy, but it has to be said that the pressures they faced in 2011 outdid the gains they made from whatever little improvements there were in terms of increases support price.
As economic growth slows across the world, the global steel industry is in a fix. Managing excess capacity in the face of a persistent gap between demand and supply is fast becoming an existential threat for many of the biggest players in the steel industry.
Investors actions are a better determinant of their expectations than words. The market behavior in the latest Treasury bill auction, held two days back, noticeably reflects that the investors foresee a much greater likelihood of an interest rate cut in the upcoming monetary policy.


Index Closing Chg%
Arrow DJIA 16,514.37 0.40
Arrow Nasdaq 4,161.46 0.97
Arrow S&P 1,815.69 0.95
Arrow FTSE 6,681.76 0.85
Arrow DAX 9,600.09 2.02
Arrow CAC-40 4,484.21 1.18
Arrow Nikkei 14,388.77 0.85
Arrow H.Seng 23,003.64 0.79
Arrow Sensex 22,758.37 0.03

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln