The quarterly results from the listed companies would start pouring in soon which is expected to move share prices in anticipation of healthy results.
Starting this week, the big names listed at local bourses will begin to announce their results for the January-March 2004 quarter.
Stock market investors, in anticipation of good results, have already begun to bid up share prices.
Analyst from Invest capital Securities was of the opinion that quarterly results from all the major listed sectors will show good performances.
The major reason for this better performance will be better economic growth that has managed to spur on industrial activity by generating demand for various products. Also, commodity-based sectors enjoyed high global prices during January-March.
BANKS: The banking sector is expected to shine once again, and analysts believe that it would have thrived on deposit & advances driven volume based growth in January-March 2004.
Banking sector deposits grew by around Rs 70 billion (4 percent) in the quarter, and a stable spread, coupled with a booming equity market for capital gains will help banks post good results.
CEMENT: The cement sector is also expected to post tremendous results on the back of continuously rising demand. July-March FY04 cement sales are up 1.2 million tons (14 percent).
Record sales in March of 1.4 million tons are expected to boost results, especially since cement prices were also increased in March.
OIL & GAS: Starting from upstream, and moving to the downstream, companies (E&P, Refineries, OMCs) are expected to benefit from higher crude oil prices.
The gas distribution sector is expected to gain from ongoing capacity expansion, as returns are linked to asset base.
AUTO: With automobile sales continuing their growth trend, auto assemblers are also expected to continue their run of excellent profitability.
FERTILISER: Fertiliser companies would have benefited from a 15 percent rise in demand during January-March 2004, and from low cost of debt.
The effect might be nullified somewhat by end of feed gas subsidies for FFC & Engro, but good results are expected.
SYNTHETICS: The local PSF sector is also expected to have benefited from the rise in global commodity prices, as prices were revised at the start of February by Rs 4 per kg to Rs 74 per kg. Thus, inventory gains are expected to boost profits in this quarter.
TELECOM: PTCL's results are expected to be slightly hit by the 33 percent reduction in line rent.
However, volumetric growth in terms of traffic and exceptional growth in fixed telephone line is expected to keep PTCL on the path to record profits yet again.
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