KSE-100 soars past 40,000 points, trades at 10-month high

[Wikki019]

KSE-100 soars past 40,000 points, trades at 10-month high


By Omar Qureshi
Published: December 2, 2019
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PHOTO: AFP

KARACHI: The KSE-100 index staged a handsome rally on Monday as investors took cues from positive economic indicators. The bourse shot past 40,000 points after a period of 10 months. Earlier, the bourse traded at 40,000 level in February 2019.

The Ministry of Commerce released trade data which revealed that the trade deficit contracted significantly during the month of November 2019.

Speaking to The Express Tribune, Arif Habib Limited Head of Research Samiullah Tariq said the KSE-100 continued a positive momentum and extended its gains which could be seen in the rally.


He said positive investor sentiments in the past few sessions fuelled the rise on Monday.

Moody’s changes Pakistan credit outlook to stable

“The main reason behind the increase seems to be the contraction in current account deficit which stands at its lowest level since February 2016,” he said.

The analyst added that Moody’s rating agency has changed Pakistan’s outlook to stable from negative, signaling further improvement in foreign currency inflows into the country.

Tariq said investors took signals from high foreign investment in T bills in the past few days and the investment is expected to increase further in the future.

At 3:37 PM, the KSE-100 was trading at 40,133.66 points after an increase of 846.01 points or 2.11%

https://tribune.com.pk/story/2110389/2-kse-100-soars-past-40000-points-trades-10-month-high/

 

[313ghazi]

Stock exchange up.
Moodys rating up.
Investor confidence high.
US sending 15 trade delegations next year.
Circular debt down.
Imports down.
Exports up.
Currency stable.
Current account surplus.
FDI up.

Headlines are about tomatoes.

 

[Valar.]

Stock exchange up.
Moodys rating up.
Investor confidence high.
US sending 15 trade delegations next year.
Circular debt down.
Imports down.
Exports up.
Currency stable.
Current account surplus.
FDI up.

Headlines are about tomatoes.

You are absolutely right. But dare I say, a common man in Pakistan actually cares about prices of tomatoes than all of the above?

 

[Wikki019]

Stock exchange up.
Moodys rating up.
Investor confidence high.
US sending 15 trade delegations next year.
Circular debt down.
Imports down.
Exports up.
Currency stable.
Current account surplus.
FDI up.

Headlines are about tomatoes.

Price control and planning is also necessary, but you are right media is highly biased.

 

[RIP Pak LAW]

Worrying signs for Noony patwaris and jiyalaas

 

[Yaseen1]

this rise is good but is there any information about rise in employment rate

 

[Wikki019]

this rise is good but is there any information about rise in employment rate

I think it will take time, it will improve once we will step into GDP growth phase

 

[313ghazi]

You are absolutely right. But dare I say, a common man in Pakistan actually cares about prices of tomatoes than all of the above?

Price control and planning is also necessary, but you are right media is highly biased.

I agree with both of you. The price of goods in the market place is a very important issue, especially in a country where so many have so little and the margins between being able to survive and not are so thin.

My point was a general commentary on the massive negativity the general mainstream media portrays in our country. It's unhealthy.

this rise is good but is there any information about rise in employment rate

I would not expect to see anything particular for another year or two. It will take time for the confidence to translate to actual investment and only at that point are jobs created. We'll be lucky if we see a reasonable pick up by the end of this governments term. If things do take a positive turn though, i'd expect to see the money/jobs into the hands of the working people in 5-10 years time.

 

[Enigma SIG]

Price control and planning is also necessary, but you are right media is highly biased.

Price control is stupid. Let the people vote with their wallets. Who'd be willing to buy 500/kg tomatoes when you can buy it for 100/kg elsewhere (example).

https://fee.org/articles/how-should-prices-be-determined/

 

[Maxpane]

may Allah Almighty bless prosperity to our country

 

[Baby Leone]

Price control and planning is also necessary, but you are right media is highly biased.

not biased but pure ignorant.

some jokers in media ups taking millions in salaries and making headlines.

 

[Jango]

You are absolutely right. But dare I say, a common man in Pakistan actually cares about prices of tomatoes than all of the above?

Abhi in cheezon ka khayal rakho gay to aglay 2 saal main tamatar bhi sastay hongay.

Agr abhi tamatar ko sirf dekho gay to aglay 10 saal tamatar hi sastay kartay reh jao gay.

It is exactly because of short term adhoc policies that we are in this mess.

not biased but pure ignorant.

some jokers in media ups taking millions in salaries and making headlines.

Say hello to Mr. Muhammad Malick. He is the Ahsan Iqbal of the media.

 

[B.K.N]

Headlines are about tomatoes

I read newspaper everyday but I haven't seen any tomato headlines at front back or any other page
TV par aik minute dikha dainay sa tamatar bara issue nhi ban jata har saal October November main tamatar ki scarcity hoti ha

 

[Samlee]

Stock exchange up.
Moodys rating up.
Investor confidence high.
US sending 15 trade delegations next year.
Circular debt down.
Imports down.
Exports up.
Currency stable.
Current account surplus.
FDI up.

Headlines are about tomatoes.

Food Price Control Is Job of Price Control Committee and Bureau of Prices and Supply Not Federal Government

 

[Syed1.]

I request all members to please observe a moment of silence for the death of all patwaris hopes and dreams