Re: Talking Pictures…
please add word “Palaaaaaaaaat” 
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Follow the eyes. He likes the one on the left.
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Why is he wearing Arabic dress?
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Sir Sadiq Muhammad V ?
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Hugo Boss
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**AZADI CHOWK LAHORE
**
Re: Talking Pictures…
Re: Talking Pictures…
Even though most of what Nawaz Shareef and his team claims is full of lies, as NS has done PhD in lying … without going on lies of most posts, I just want to point one simple fact that anyone can confirm.
In Oct 1999, when Musharraf came to power KSE index was hovering around 1000 mark (sometime even less than 1000).
In May 2008, from what I remember, KSE index was around 17000 … or 17 times what it was when Musharraf came to power in Oct 1999. That comes to average increase of around 40 percent a year every year for 8.5 years. Most of recovery started from 2002 onward and in year 2002 to ‘early 2008’, KSE was one of the fastest growing stock market index in world, with increases over 50 percent almost each and every year.
Forget that … since Jan 2009, most of increase in KSE index is not due to increase in across the board share price, but most of it is due to OGDL.
For instance … NIT (that i have a lot) reflects what is happening in Pakistan stock market, as it has wide range of shares and its price is determined by net asset value of shares it hold. … So, let see what happened here. NIT peaked in April 2008 at around Rs 66 per unit (that is still 10 percent higher than today). And remember, that Rs 66 was $1.10 … and today NIT is around Rs 60 per unit … that comes to around $0.60 per unit … or value is almost half what NIT value was in 2008.
Let check what happened practically: National Investment Trust limited of Pakistan (I am quoting that as that can be verified easily) reflects what is happening in Karachi stock market, as NIT has wide range of shares and its price is determined by net asset value of shares it hold reflects quite nicely what is really happening in KSE. … So, let see what happened. NIT value increased from around Rs 8 to Rs 65 between Oct 1999 and April 2008. Throughout, NIT gave healthy dividend too.
Here is daily NIT price in early April 2008.
[TABLE=“width: 82%, align: center”]
Date
Sale price
Repurchase price
01-04-2008
65.45
63.15
02-04-2008
65.80
63.50
03-04-2008
65.85
63.60
04-04-2008
66.15
63.85
05-04-2008
66.00
63.70
06-04-2008
Sunday
Sunday
07-04-2008
66.00
63.70
08-04-2008
66.00
63.70
09-04-2008
65.55
63.25
10-04-2008
65.40
63.10
11-04-2008
65.75
63.45
12-04-2008
65.60
63.30
13-04-2008
Sunday
Sunday
14-04-2008
65.60
63.30
In late April 2008, Thug pretending to be politicians took over (PPP and PMLN formed government together). Since then, KSE nosedived and so did NIT value.
Today … after long recovery since low of late 2008, KSE has improved (actually, started improving since 2009 onward) … but still, even though KSE index surpassed what it was during the time of Musharraf, overall share price is still lower and that reflects in net asset value of NIT as NIT unit price is now hovering at around Rs 60 … and on top of that, NIT is also giving lower dividend … for instance it gave over Rs 6 dividend (or 10 cent per unit) in 2008 and today it is giving around Rs 4 dividend (or 4 cent per unit) … when inflation in 2008 was much lower than today.
One can check NIT daily unit price, as well as their historical unit price from their site:
National Investment Trust Limited