Skip to main content

OGDC: Scrip Note

Oil & Gas Development Corp Ltd (PSX:OGDC) is currently trading at a market price of Rs. 134.86, within its 52-week range of Rs. 73.1 to Rs. 158.59. It has shown a six-month return of 33.2% and a one-year return of 53.9%. The company's price-to-earning ratio stands at 2.3, while its price-to-book ratio is 0.5. With 15% free float and 4,301 million issued shares, OGDC commands a market capitalization of Rs. 580 billion.

Comparatively, the KSE100 Index has achieved a year-to-date return of 11.68% and a one-year return of 75.70%.

OGDC, holds significant weightings within several key Pakistani Stock Exchange (PSX) indices. Notably, it comprises 3.78% of the KSE100 Index, 5.41% of the KSE30 Index, and 7.61% of the KMI30 Index, highlighting its considerable influence within the Pakistani stock market.

OGDC holds 20% stake in Mari Petroleum Company Limited, that trades on Pakistan Stock Exchange under the ticker 'MARI'. OGDC has also invested in Reko Diq Mining Company (Private) Limited (RDML) through Pakistan Minerals (Private) Limited.

OGDC Weekly Chart:




Labels:

Popular posts from this blog

Brent Crude Logs Biggest Weekly Drop Since September on Weak Demand, Easing Tensions

Oil prices were under pressure this week. Brent crude oil futures fell 1.9% to $73 per barrel on Friday, registering the biggest weekly loss since early September, with prices dropping over 7%. The decline was attributed to weaker demand forecasts from OPEC and the International Energy Agency (IEA), slowing economic growth in China, and signs of easing geopolitical tensions in the Middle East. Both OPEC and the IEA revised down their demand forecasts for 2024 and 2025. China's refinery output declined for the sixth consecutive month, impacted by weak fuel demand and the growing adoption of electric vehicles (EVs). Meanwhile, U.S. crude oil production reached a new record last week. Although a drawdown in U.S. crude inventories and stronger-than-expected retail sales in September provided some support to oil prices, easing concerns about a broader conflict in the Middle East exerted additional downward pressure on the market.
Read more
 A Snapshot of Exchange Traded Funds at PSX
Read more

PSX Strongly Rebounds

The Pakistan Stock Exchange (PSX) reacted positively to the conclusion of the IMF staff-level agreement and has now recovered a substantial part of the losses sustained on Monday. Today, out of the 1,139-point gain in the KSE-100 Index, around 800 points were contributed by UBL, OGDC, PPL, and Meezan Bank.
Read more