PTCL Records Hat Trick at KSE-100 Index

kse_stocksPakistan Telecommunication Company Limited (PTCL) has recorded a hat trick on the 100 index of Karachi Stock Exchange (KSE) by remaining market leader in terms of shares’ trading volume on three consecutive days of the present week.

PTCL remained a leading scrip on the 100 index and experts say it is likely to retain its position of volume leader by the end of trading session today, for consecutive fourth day.

PTCL’s shares value was also seen increasing as investors have been buying its shares like hot dogs in the equity market in the hope to get maximum dividends expected to be announced soon.

In the first three days, traded shares from PTCL stood from 31.29 million to 47.2 million yesterday. Last weekly day from past week had also marked PTCL as market leader – 51.65 million shares were traded then.

In overall last four sessions, the value of PTCL share increased from Rs 14.42 per share to Rs 16.20 per share, showing 12 percent increase per share value.

Analysts believe that investors are heavily buying PTCL’s shares owing to the expected formation of International Clearing House by LDI operators, in which the international incoming calls traffic will be increased on legal channels while blocking the grey traffic at maximum level on the other hand.

Accordingly, the rates for overseas callers may witness a massive jump as any foreign operator terminating calls into Pakistan would have to pay Rs. 7.64 per minute (USc8.4/min).

PTCL having lion share in the international traffic revenues will become the ultimate beneficiary of the filter system, that will enhance its profitability if plan is implemented as scheduled in near future, analysts said.

It can generate extra revenues while playing a role of technical leader in the consortium besides providing value added services to call centers.

  • Respected shareholders be careful while investing in the PTCL’s shares as Bogus revenue figures in financial statement has resulted in this bubble.Liabilities are not being mentioned accurately, since only the amount due against pensions has swollen to the tune of Rs.20 billions and no body is paying attention not even SECP in-spite of repeated complaints. Arab masters of Pakistan are extorting huge amounts in the name of profit from pakistani exchequers.

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