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Rashdi Final

Rashdi Final

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Published by ayesha00
Attock Refinary Security Analysis report
Attock Refinary Security Analysis report

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Published by: ayesha00 on Aug 07, 2009
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03/30/2012

pdf

text

original

pg. 54

Stock Rates

KSE 100 Index

y

x

x*y

y2

x2

SR

DATE

OPEN CLOSING OPEN

CLOSINGstock
return

market
return

S.R*M.RS.R2

M.R2

1

5-Jan-0955.04

57.79 5,793.57 5,917.90

5.00

2.15

10.72 24.96 4.61

2

12-Jan-0960.27

58.34 6,143.8

1 6,041.44

(3.20)

(1.67)

5.34 10.25 2.78

3

15-Jan-0961.68

58.60 6,051.1

6 5,511.93

(4.99)

(8.91)

44.50 24.94 79.41

4

23-Jan-0945.36

43.10 5,020.7

1 4,929.55

(4.98)

(1.82)

9.05 24.82 3.30

5

28-Jan-0942.09

43.95 4,972.5

5 5,139.93

4.42

3.37

14.88 19.53 11.33

6

4-Feb-0942.99

45.13 5,384.8

7 5,534.25

4.98

2.77

13.81 24.78 7.70

7

9-Feb-0947.38

49.74 5,597.4

4 5,573.48

4.98

(0.43)

(2.13)24.81 0.18

8

13-Feb-0946.07

48.37 5,399.3

6 5,625.90

4.99

4.20

20.95 24.92 17.60

9

19-Feb-0955.89

58.68 5,880.1

4 6,022.44

4.99

2.42

12.08 24.92 5.86

1020-Mar-0958.68

56.82 6,022.4

4 5,969.09

(3.17)

(0.89)

2.81 10.05 0.78

11

26-Feb-0953.15

54.45 5,580.7

8 5,649.49

2.45

1.23

3.01 5.98 1.52

12

2-Mar-0956.24

59.05 5,727.4

6 5,681.29

5.00

(0.81)

(4.03)24.96 0.65

13

9-Mar-0971.71

75.11 5,748.1

0 5,662.02

4.74

(1.50)

(7.10)22.48 2.24

1413-Mar-0967.80

66.70 5,707.0

9 5,750.47

(1.62)

0.76

(1.23)2.63 0.58

1518-Mar-0973.42

75.95 6,138.5

3 6,266.00

3.45

2.08

7.16 11.87 4.31

1624-Mar-0972.50

76.12 6,617.0

0 6,674.20

4.99

0.86

4.32 24.93 0.75

1730-Mar-0984.85

89.09 6,803.4

6 7,014.81

5.00

3.11

15.52 24.97 9.65

18

6-Apr-0992.68

97.31 7,432.8

8 7,518.93

5.00

1.16

5.78 24.96 1.34

pg. 55

19

9-Apr-09105.0
3

110.28 7,340.3

0 7,295.98

5.00

(0.60)

(3.02)24.99 0.36

20

13-Apr-09115.7
9

121.57 7,617.9

6 7,872.49

4.99

3.34

16.68 24.92 11.16

21

22-Apr-09130.6
7

137.20 7,834.1

4 7,574.17

5.00

(3.32)(16.58)24.97 11.01

22

27-Apr-09133.6
5

126.97 7,620.8

7 7,344.94

(5.00)

(3.62)

18.10 24.98 13.11

23

4-May-09

123.2
6

117.55 7,020.1

0 7,062.25

(4.63)

0.60

(2.78)21.46 0.36

2412-May-09

130.0
9

136.11 7,122.9

2 7,296.90

4.63

2.44

11.30 21.41 5.97

2515-May-09

122.8
5

122.00 7,142.4

1 7,177.64

(0.69)

0.49

(0.34)0.48 0.24

2619-May-09

122.7
2

119.99 7,172.8

5 7,067.72

(2.22)

(1.47)

3.26 4.95 2.15

2725-May-09

122.4
2

127.12 7,146.2

4 7,173.57

3.84

0.38

1.47 14.74 0.15

2829-May-09

126.4
8

127.18 7,288.1

3 7,276.61

0.55

(0.16)

(0.09)0.31 0.02

SUM

53.46

6.18 183.41 520 199

Averages

1.91

0.22

BETA =

BETA

BETA

0.87

Risk Free Rate =

12.5

Avg. Stock Return =

1.91

Stock Market Return =

0.22

CAPM
=

19.27

pg. 56

nxy - (x)(y)

n(x2

)-(x)2

4,805.1
3

=

5,537.0
6

=

0.87

Company

Rf

Expected
Return

CAPM

Alpha

Decision

Status

ATTOCK
REFINERY

12.5

19.33

19.27

1.72 Acceptabl

eAccepted

Expected return of security

Expected Return of security is 19.33 which is calculated by the following formula:

Expected return= α+β(rm)

Beta of the company

Beta of the ARL is .87 which shows that the investment in company is less risky than the
market and provides high return as compared to the market.

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