Got 100 HBL Shares
12
August
Baba was the person insisting me to buy HBL shares around a month ago when privatization commission just announced about selling a single HBL share for RS 234/- Most of the critics were kicking them for the most expensive share sale in Pakistan’s privatization history. I unwillingly applied for the 100 shares and just saw the draw results to see myself approved to become a share holder.. Got an injection of RS 23400.. lol. This is the first time i ever stepped in investing in a Pakistani company.. otherwise e-trade is the place where iam interested most of the time in keeping an eye on Apple shares. Well lets hope HBL gets abnormal profit in the upcoming year. lol And ya i forgot to mention my baba also got his application to show up in the draw.. a combined investing of around 45000.. ??? phew !
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I m also applied for the HBL shares and invest Rs.46800/- but with time i do not know the future of HBL shares even next year profit also goal. Payment invested may be lost when share came low price even from the actually price. I m not understand this type of investment. What is our future. If any person knows about the rules and regulations of stock exchange in this type of case please let me know.
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sarmadhassan Reply:
December 27th, 2008 at 2:24 pm
well to be honest investing in stock markets in Pakistan is a gamble. I remember the time when I invested at PPL and recently KAPCO. They gave more profit than i hoped. As for the HBL, PKR 235 was the biggest price a share was ever sold. Yesterday it was somewhere between 85-87 (lol). Some of the investors I knew even got 1000 + shares. KSE is very much unpredictable (coz of political environment in pakistan) If you got some funds on your back, your best bet is investing in FOREX provided you understand what exactly you are doing.
Politically stable countries unlike Pakistan change life of a businessman, I mean, people who invested $5000 in Wall mart in 1970′s.. its now become more than a 10 million (somebody correct me if I am a little off target)
What we can do nowadays is sit back, relax, and enjoy watching our shares getting fucked day by day, I mean there is nothing you and me can do. Ya, If you really want some money back then sell it today and get 80 odds per share. I have a plan of leaving HBL shares as they are for the next five years or so, they will rise at pricing and will give some value of money once you get a politically stable government
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please tell me more
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sarmadhassan Reply:
May 19th, 2010 at 8:15 pm
more? lol. well got them sold in November 2009 and lost like, 35 grands. what else? lol
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Salam All,,, i have 200 basic shares of hbl and some more which they give me as a profit or i dont know know why? well i know nothing about shares and stocks etc my money is badly blocked for more than 2 years, i am very much fed up, please suggest me what to do or i have to wait n see but how much wait????
[Reply]
sarmadhassan Reply:
July 21st, 2010 at 10:46 am
Umer, I don’t know for which price you actually bought the shares but I must tell that, if the market price is giving you something between 70 – 75 % of the original amount you spent, just sell them before they lose the amount any further. 106PKR they are giving you right now, if you bought them for like 170 – 180 PKR, I think selling won’t be a bad option. If you can wait for another couple of years they might give you an actual price but it all depends on overall KSE, the political stability and Pakistan is an uncertain place.
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