Stock Pick for 2nd April

I am generally very bullish on 2 stocks namely, OGDC and National Bank of Pakistan. As of now, these two stocks offer attractive Dividend and Bonus Share to be paid out in April 2009.

NBP made a high of 94.50 last week and today closed at 87.86. Remember, it goes Spot on 11 April 2009 and is offering Rs 6.5 per share Dividend and 20% Bonus Shares. At this price, it will open X Div and X Bonus Shares at Rs 65 only which is unbelievably low for this share considering Muslim Commercial Bank which is trading X Div at 145. If all goes well with the financial and political situation in the country NBP should again see 94 within the next 2 weeks. Fingers crossed!

OGDC again attempted today to surpass the psychological level of 75 for close today but ended up only closing at 73.66. OGDC goes to Spot on 7th April and a dividend of Rs 1.75 per share coming this month it must touch 79 within the next 14 days. Again, this is known to be the best stock in Pakistan. Watchout!!

Both shares have to advance this week.