Karachi stock exchange-News and discussioms
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UmarJustice
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Pakistan stocks close higher, rupee steady
Pakistan’s stocks rose over 1 percent to hit another record high closing above 21,800 points driven by gains in large cap stocks such as Pakistan State Oil Co. Ltd. and Muslim Commercial Bank that increased the index to new high. dealer said
Bank of Punjab was one of top gainers, closing up 7.25 percent at 14.80 rupees while Pakistan State Oil Co. Ltd. closed up 1.80 percent at 294.80 rupees.
The Karachi Stock Exchange’s benchmark 100-share index closed 1.08 percent, or 232.39 points, higher at 21,823.05.
The rupee ended little changed at 98.46/98.51 against the dollar compared to Thursday’s close of 98.48/98.53.
Overnight rates in the money market were steady at 9.50 percent.
Pakistan stocks close higher, rupee steady | ArabNews
Pakistan’s stocks rose over 1 percent to hit another record high closing above 21,800 points driven by gains in large cap stocks such as Pakistan State Oil Co. Ltd. and Muslim Commercial Bank that increased the index to new high. dealer said
Bank of Punjab was one of top gainers, closing up 7.25 percent at 14.80 rupees while Pakistan State Oil Co. Ltd. closed up 1.80 percent at 294.80 rupees.
The Karachi Stock Exchange’s benchmark 100-share index closed 1.08 percent, or 232.39 points, higher at 21,823.05.
The rupee ended little changed at 98.46/98.51 against the dollar compared to Thursday’s close of 98.48/98.53.
Overnight rates in the money market were steady at 9.50 percent.
Pakistan stocks close higher, rupee steady | ArabNews
Jungibaaz
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On sharif win??LOL! It was bound to happen no matter who wins!
I agree.
Markets usually respond positively to these sorts of things.
In fact, KSE rose about 1000 points in the few days BEFORE the election.
I don't take this as some sort of vote of confidence in NS.
Take a look at this...
KSE100 only really took off again during Mushy's time.
And here the performance during Nawaz Sharif's terms was most unimpressive. See 1991-1993 and 1997-1999
W.11
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I agree.
Markets usually respond positively to these sorts of things.
In fact, KSE rose about 1000 points in the few days BEFORE the election.
I don't take this as some sort of vote of confidence in NS.
Take a look at this...
KSE100 only really took off again during Mushy's time.
And here the performance during Nawaz Sharif's terms was most unimpressive. See 1991-1993 and 1997-1999
what did mush do that the points kept rising even after poor performance after mush i men if you see from 2011 etc?
or was it really a global economy effect?
AZADPAKISTAN2009
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My theory is that the FAKE boost is a result of certain outside countries to temporarily boosting the economy so their favored politicians , can use the positive trend to take out a DEBT ..
We do know that these companies tend to remove finance out the moment a voice arises with an opposing view
We heard rumors of Saudi OIL deferred payments (loan more debt)
We heard rumors of chinese loan for energy projects (no official word)
We heard rumors of investment
Reality ... country is going Dark and only bright spot is on Nawaz's head which is shining brightly
begging India to loan electricity instead of making electricity locally
We do know that these companies tend to remove finance out the moment a voice arises with an opposing view
We heard rumors of Saudi OIL deferred payments (loan more debt)
We heard rumors of chinese loan for energy projects (no official word)
We heard rumors of investment
Reality ... country is going Dark and only bright spot is on Nawaz's head which is shining brightly
begging India to loan electricity instead of making electricity locally
KSE crosses 22,000 points level with a gain of 258 pts
Tuesday, June 04, 2013
Staff Report
KARACHI: The Karachi stock market crossed the psychological level of 22,000 points on the first trading day of the week Monday as lower inflation, clocking in at 5.1 percent for May 2013, and hopes for rate cut in the next monetary policy announcement encouraged investors to go for buying.
The Karachi Stock Exchange (KSE) 100-share index gained 257.80 points or 1.18 percent to close at 22,080.85 points as compared to 21,823.05 points of the previous session. The KSE 30-share index was up by 245.54 points to close at 17,125.70 points as compared with 16,880.16 points.
“Yet another session of bullish euphoria engulfed the market as the 100-share index edged up to a historic 22,000 points level despite intraday pressure,” said Habib Metropolitan Research Finance Corporation analyst Salman Vidhani. “Lower inflation, clocking in at 5.1 percent for May 2013, refuelled the bulls while investors drew parallels from recent money market trend anticipating a rate cut in the next monetary policy announcement.” Attractive yield and much mulled over resolution of circular debt pushed the stocks from independent power producers’ space to new highs. Commencement of production from Manzalai-9, recent discovery at appraisal well Manzalai-10 and expectations for aggressive drilling brought further interest in exploration and production stocks. Upbeat sentiments continued to absorb negatives arising from macro-economic side while budget-related proposals would generate stock specific activity, he added.
The market turnover went down by 11.44 percent and traded 572.60 million shares as against 646.60 million shares of the previous session. The overall market capitalisation gained 1.32 percent and traded Rs 5.363 trillion as against Rs 5.293 trillion. Gainers outnumbered losers 216 to 159, while 16 stocks were unchanged.
Oil and gas sector was among the pick of investors with Oil and Gas Development Company, Pakistan Petroleum Ltd and Pakistan State Oil closing up by 3.1 percent, 1.7 percent and 1.2 percent, respectively,” said JS Research analyst Veerbhan Bajaj. “Bank of Punjab (Right) dominated the second-tier stocks as it came under selling pressure after last three days of rallying.”
In volumes, once again second-tier stocks topped the card with BoP (R), BoP, FCCL and JSCL among volume leaders.
The KMI 30-share index gained 477.77 points to close at 38,120.45 points from its opening at 37,642.68 points. The KSE all-share index closed by gaining 202.18 points to 15,557.62 points as compared to 15,355.44 points of the previous session.
Bajaj recommended investors to adopt a cautious stance at these levels.
BoP (R) was the volume leader in the share market with 118.33 million shares as it closed at Rs 4.30 after opening at Rs 5.16, shedding 86 paisas. BoP traded 38.54 million shares as it closed at Rs 14.19 from its opening at Rs 14.80, falling 61 paisas. Fauji Cement traded 25.15 million shares and closed at Rs 12.30 as compared to its opening at Rs 11.91, gaining 39 paisas. JSCL traded 22.35 million shares as it closed at Rs 13.89 as against its opening at Rs 13.77, increasing 12 paisas.
Daily Times - Leading News Resource of Pakistan
Tuesday, June 04, 2013
Staff Report
KARACHI: The Karachi stock market crossed the psychological level of 22,000 points on the first trading day of the week Monday as lower inflation, clocking in at 5.1 percent for May 2013, and hopes for rate cut in the next monetary policy announcement encouraged investors to go for buying.
The Karachi Stock Exchange (KSE) 100-share index gained 257.80 points or 1.18 percent to close at 22,080.85 points as compared to 21,823.05 points of the previous session. The KSE 30-share index was up by 245.54 points to close at 17,125.70 points as compared with 16,880.16 points.
“Yet another session of bullish euphoria engulfed the market as the 100-share index edged up to a historic 22,000 points level despite intraday pressure,” said Habib Metropolitan Research Finance Corporation analyst Salman Vidhani. “Lower inflation, clocking in at 5.1 percent for May 2013, refuelled the bulls while investors drew parallels from recent money market trend anticipating a rate cut in the next monetary policy announcement.” Attractive yield and much mulled over resolution of circular debt pushed the stocks from independent power producers’ space to new highs. Commencement of production from Manzalai-9, recent discovery at appraisal well Manzalai-10 and expectations for aggressive drilling brought further interest in exploration and production stocks. Upbeat sentiments continued to absorb negatives arising from macro-economic side while budget-related proposals would generate stock specific activity, he added.
The market turnover went down by 11.44 percent and traded 572.60 million shares as against 646.60 million shares of the previous session. The overall market capitalisation gained 1.32 percent and traded Rs 5.363 trillion as against Rs 5.293 trillion. Gainers outnumbered losers 216 to 159, while 16 stocks were unchanged.
Oil and gas sector was among the pick of investors with Oil and Gas Development Company, Pakistan Petroleum Ltd and Pakistan State Oil closing up by 3.1 percent, 1.7 percent and 1.2 percent, respectively,” said JS Research analyst Veerbhan Bajaj. “Bank of Punjab (Right) dominated the second-tier stocks as it came under selling pressure after last three days of rallying.”
In volumes, once again second-tier stocks topped the card with BoP (R), BoP, FCCL and JSCL among volume leaders.
The KMI 30-share index gained 477.77 points to close at 38,120.45 points from its opening at 37,642.68 points. The KSE all-share index closed by gaining 202.18 points to 15,557.62 points as compared to 15,355.44 points of the previous session.
Bajaj recommended investors to adopt a cautious stance at these levels.
BoP (R) was the volume leader in the share market with 118.33 million shares as it closed at Rs 4.30 after opening at Rs 5.16, shedding 86 paisas. BoP traded 38.54 million shares as it closed at Rs 14.19 from its opening at Rs 14.80, falling 61 paisas. Fauji Cement traded 25.15 million shares and closed at Rs 12.30 as compared to its opening at Rs 11.91, gaining 39 paisas. JSCL traded 22.35 million shares as it closed at Rs 13.89 as against its opening at Rs 13.77, increasing 12 paisas.
Daily Times - Leading News Resource of Pakistan
KSE up 194 points on buying in blue chips
Wednesday, June 05, 2013
Staff Report
KARACHI: Another historic day was witnessed at the Karachi stock market on Tuesday as expectations that the oil and gas companies will achieve the fiscal year 2012-13 drilling activitys target as 90 percent has already been completed, hopes for cut in discount rate and probable privatisation of Pakistan International Airlines (PIA) triggered buying.
The Karachi Stock Exchange (KSE) 100-share index gained 193.66 points or 0.88 percent to close at 22,274.51 points as compared to 22,080.85 points of the previous session. The KSE 30-share index was up by 181.01 points to close at 17,306.71 points as compared with 17,125.70 points.
The unbeaten bull-run continued with exceptional glory and once again making a new high of 22,274 points with exceptional volumes of 544 million shares, said Habib Metropolitan Finance Corporation analyst Bilal Asif. The index heavyweight Oil and Gas Development Company played a crucial role in boosting the market sentiment.
The cement stocks strongly supported the bullish sentiment. The inflation numbers for May 2013 reached the lowest level of 5.13 percent, which boosted investor sentiment. Investors at large are expecting discount rate cut, which may boost the valuations. The probable privatisation of PIA pushed the stock upwards as the stock hit its upper cap. He said the market sentiment seems robust hence the market is likely to continue its upward journey.
The market turnover went down by 4.96 percent and traded 544.15 million shares as against 572.60 million shares of the previous session. The overall market capitalisation gained 0.78 percent and traded Rs 5.405 trillion as against Rs 5.363 trillion. Gainers outnumbered losers 231 to 161, while 18 stocks were unchanged.
Today proved to be one-sided affair as the 100-share index climbed throughout the session, said Elixir Securities analyst Jawwad Aboobakar. Equities displayed relative strength from the onset.
Cement stocks posted decent price gains as investors remained optimistic on quarterly earnings hoping construction activities to kick up post-new government formation. Moreover, the oil sector witnessed an earlier spark but witnessed profit-taking in later half of the day while second-tier stocks continued to dominate the volume chart, he added.
Going forward he expects the market to remain volatile and hence recommend a cautious approach. Gains should be treated as an opportunity to offload, he added.
The KMI 30-share index gained 213.99 points to close at 38,334.44 points from its opening at 38,120.45 points. The KSE all-share index closed by gaining 120.47 points to 15,678.09 points as compared to 15,557.62 points of the previous session.
The 100-share index continued its upward trend and made another high of 22,324.04 points, said M M Securities analyst Sania Zulfiqar. The commercial bank sector led the market with highest volumes being traded and following it was the cement sector. After long bullish rallies it is advisable to adopt a profit-taking strategy for today, she added.
Bank of Punjab (R) was the volume leader in the share market with 71.82 million shares as it closed at Rs 5.04 after opening at Rs 4.30, gaining 74 paisas. Fauji Cement traded 42.36 million shares as it closed at Rs 12.50 from its opening at Rs 12.30, increasing 20 paisas. Maple Leaf Cement traded 33.48 million shares and closed at Rs 22.95 as compared to its opening at Rs 22.07, rising 88 paisas. Colony Mills Ltd traded 31.45 million shares as it closed at Rs 5.70 against its opening at Rs 5.39, appreciating 31 paisas.
Daily Times - Leading News Resource of Pakistan
Wednesday, June 05, 2013
Staff Report
KARACHI: Another historic day was witnessed at the Karachi stock market on Tuesday as expectations that the oil and gas companies will achieve the fiscal year 2012-13 drilling activitys target as 90 percent has already been completed, hopes for cut in discount rate and probable privatisation of Pakistan International Airlines (PIA) triggered buying.
The Karachi Stock Exchange (KSE) 100-share index gained 193.66 points or 0.88 percent to close at 22,274.51 points as compared to 22,080.85 points of the previous session. The KSE 30-share index was up by 181.01 points to close at 17,306.71 points as compared with 17,125.70 points.
The unbeaten bull-run continued with exceptional glory and once again making a new high of 22,274 points with exceptional volumes of 544 million shares, said Habib Metropolitan Finance Corporation analyst Bilal Asif. The index heavyweight Oil and Gas Development Company played a crucial role in boosting the market sentiment.
The cement stocks strongly supported the bullish sentiment. The inflation numbers for May 2013 reached the lowest level of 5.13 percent, which boosted investor sentiment. Investors at large are expecting discount rate cut, which may boost the valuations. The probable privatisation of PIA pushed the stock upwards as the stock hit its upper cap. He said the market sentiment seems robust hence the market is likely to continue its upward journey.
The market turnover went down by 4.96 percent and traded 544.15 million shares as against 572.60 million shares of the previous session. The overall market capitalisation gained 0.78 percent and traded Rs 5.405 trillion as against Rs 5.363 trillion. Gainers outnumbered losers 231 to 161, while 18 stocks were unchanged.
Today proved to be one-sided affair as the 100-share index climbed throughout the session, said Elixir Securities analyst Jawwad Aboobakar. Equities displayed relative strength from the onset.
Cement stocks posted decent price gains as investors remained optimistic on quarterly earnings hoping construction activities to kick up post-new government formation. Moreover, the oil sector witnessed an earlier spark but witnessed profit-taking in later half of the day while second-tier stocks continued to dominate the volume chart, he added.
Going forward he expects the market to remain volatile and hence recommend a cautious approach. Gains should be treated as an opportunity to offload, he added.
The KMI 30-share index gained 213.99 points to close at 38,334.44 points from its opening at 38,120.45 points. The KSE all-share index closed by gaining 120.47 points to 15,678.09 points as compared to 15,557.62 points of the previous session.
The 100-share index continued its upward trend and made another high of 22,324.04 points, said M M Securities analyst Sania Zulfiqar. The commercial bank sector led the market with highest volumes being traded and following it was the cement sector. After long bullish rallies it is advisable to adopt a profit-taking strategy for today, she added.
Bank of Punjab (R) was the volume leader in the share market with 71.82 million shares as it closed at Rs 5.04 after opening at Rs 4.30, gaining 74 paisas. Fauji Cement traded 42.36 million shares as it closed at Rs 12.50 from its opening at Rs 12.30, increasing 20 paisas. Maple Leaf Cement traded 33.48 million shares and closed at Rs 22.95 as compared to its opening at Rs 22.07, rising 88 paisas. Colony Mills Ltd traded 31.45 million shares as it closed at Rs 5.70 against its opening at Rs 5.39, appreciating 31 paisas.
Daily Times - Leading News Resource of Pakistan
On January 3, 2000, the Karachi Stock Exchange was at 1,457.07 points. Fast forward to the Pakistani General Elections 2013.
First business day after the elections:
Monday May 13, 2013: KSE-100 is at historic high of 20,244.82 points.
The day before Prime Minister Nawaz Sharif takes oath:
Tuesday June 4, 2013: KSE-100 is at the historic high of 22,274.51 points.
Pakistan's largest stock market has gained 2,029.69 in just 24-days.
Masha'Allah.
First business day after the elections:
Monday May 13, 2013: KSE-100 is at historic high of 20,244.82 points.
The day before Prime Minister Nawaz Sharif takes oath:
Tuesday June 4, 2013: KSE-100 is at the historic high of 22,274.51 points.
Pakistan's largest stock market has gained 2,029.69 in just 24-days.
Masha'Allah.
so after NS win some outside entity started pumping money into stock market to make NS look good?
I have heard stranger things in my life so this doesnt surprise me
Jungibaaz
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KSE 100 picking up is a great thing.
But it has nothing to do with PMLN.
So kindly don't try to take credit.
Certainly not.
This is just an election boom.
Same thing happened when Zardari & Co showed up.
Jungibaaz
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Both.
It was a combination of stable growth during his time, also due to political stability, especially in Karachi.
Also since sanctions on Pakistan were slowly lifted by Europe and the US. Economic growth was 6-8% and even mushy was more of a free market supporter, so the KSE 100 who are all about market liberalization, benefited.
Lets hope it stays.
I'm not trying to be too negative.
But all this election boom stuff is irrelevant to what we will see happen in the next 5 years.
But thanks for keeping us updated anyway, any progress is good news.
BATMAN
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Saudi king wagera nay jashan manaya hoga over their party's win
stop stupidity!
Already with post # 4
A.Rafay
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Saudi king wagera nay jashan manaya hoga over their party's win
Yaar i reaally think you should stop this! its too much now and overused!! STOP blaming others for all your ills and start doing something for your country!!
Nahi bahi jaan. Yeh daikhiye:
Karachi Stock Exchange (2000-2013)
Stock Market data according to first business day of every year.
Stock Market data according to first business day of every year.
Monday, January 03, 2000: 1,457.07
Monday, January 01, 2001: 1,517.95
Tuesday, January 1, 2002: 1,322.06
Wednesday, January 01, 2003: 2,661.53
Thursday, January 01, 2004: 4,473.03
Monday, January 03, 2005: 6,220.28
Monday, January 02, 2006: 9,672.47
Wednesday, January 03, 2007: 10,066.32
Tuesday, January 01, 2008: 13,666.43
Thursday, January 02, 2009: 5,753.18
Monday, January 04, 2010: 9,437.85
Monday, January 03, 2011: 11,849.46
Monday, January 02, 2012: 11,282.01
Tuesday, January 01, 2013: 16,794.87
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