Pakistan Stock Exchange News and Discussion

[ejaz007]

Worst-ever decline witnessed
By RECORDER REVIEW on March 23, 2020

Pakistan Stock Exchange witnessed worst ever decline after 2008-09 due to panic selling on investor concern over deadly coronavirus spread. The market remained under severe selling pressure during the first four sessions however saw fresh buying on the last session of the outgoing week and closed on positive note on Friday.

BRIndex100 declined by 589.69 points on week-on-week basis to close at 3,125.44 points. Average daily trading volumes stood at 220.691 million shares. BRIndex30 plunged by 2942.36 points during this week to close at 15,439.11 points with average daily turnover of 168.996 million shares.

KSE-100 index sunk by 5,393.47 points, worst ever weekly decline after 2008-09 and closed at 30,667.41 points. Trading activities remained low during the week as the average daily volumes on ready counter decreased by 9.5 percent to 239.16 million shares as compared to previous week's average of 264.25 million shares. Average daily trading value declined by 32.3 percent to Rs 8.65 billion.

The foreign investors remained net sellers of equities worth $19.6 million during this week. Total market capitalization declined by Rs 888 billion or 13.1 percent during this week to stand at Rs 5.907 trillion.

“KSE-100 started the week with a massive selloff and increased concerns over growing cases of COVID-19 around the world," an analyst at AKD Securities said. Commodities also witnessed a slide on the back of decreasing demand projections whereas ongoing tussle between global oil players also took a toll on oil prices. That said, slight rebound was witnessed towards tail-end of the week as investors went after cheap valuations. Consequently, KSE-100 closed the week at 30,667 points, down 14.5 percent on week-on-week basis.

Laggards amongst AKD Securities' coverage universe were PIOC (down 32.2 percent), NML (down 32.2 percent), NCL (down 29.8 percent), CHCC (down 27.2 percent) and PAEL (down 26.9 percent).

An analyst at JS Global Capital said that the KSE-100 plunged by 15 percent to close at 30,667 levels, the largest percentage decline since the global financial crisis. This time, it has been a pandemic that plagued global economies, with Pakistan failing to become an exception.

Panic selling was triggered (leading to frequent halts along the way) by any news of surging cases of Coronavirus in Pakistan, lockdowns of shops/offices in major cities and companies deciding to employ a work-from-home formula to encourage self-isolation. Amid the gloom, oil took a battering, down 20 percent on week-on-week basis at $27/bbl (WTI), reaching multi-decade lows.

“On a much-needed positive note (if you could call it that), the current account deficit (CAD) shrank by 61 percent on month-on-months basis in February 2020", he said. More importantly, a pullback was also on the cards after the constant hammering and it was further boosted by news/rumours of an economic package that could be announced shortly by the government, he added.

https://www.brecorder.com/2020/03/23/582600/worst-ever-decline-witnessed/

 

[flameboard]

right now is the time to invest your pocket money. In a few years when the market returns you will likely be holding high value stocks that you got for cheap

 

[ejaz007]

Trading halt at PSX after massive decline in KSE-100 Index
By Ali Ahmed on March 24, 2020

• 
  PSX's benchmark KSE-100 Index shed 1,826.70 points to 28,840.71 points and a percentage decline of 5.96 percent.
  
• After the drop, the PSX triggered a market halt at 11:30 am due to a 5 percent decline in KSE-30 Index.
  
  

The trading at the Pakistan Stock Exchange (PSX) was halted in the first five minutes of the day on Tuesday.

As the stock exchange's benchmark KSE-100 Index shed 1,826.70 points to 28,840.71 points and a percentage decline of 5.96 percent. After the drop, the PSX triggered market halt at 11:30 am due to a 5 percent decline in KSE-30 Index. Meanwhile, the BR100 Index was being traded at 2,910.36 points witnessing a drop of 2215.08 points and a percentage decline of 6.88pc.

The apex regulator Securities and Exchange Commission of Pakistan (SECP) on Monday conducted a mock exercise to run PSX remotely. “Banks and stock market are vital instruments of the country's financial system," read the SECP official statement as it announced markets were open on Tuesday.

Meanwhile, the PSX Stockbrokers Association on Monday demanded of the government to announce holidays for Pakistan Stock Exchange for such number of days as has been prescribed by the Sindh government in its lockdown notice.

The stock market shall forthwith be operational with the lifting of shutdown notice by the Sindh government, the PSX Stockbrokers Association said this in a letter sent to the Advisor to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh.

The PSX Stockbrokers Association said that the government of Sindh has imposed complete lockdown in the province due to the outbreak of deadly coronavirus. Pakistan Stock Exchange (PSX), majority of stockbrokers and stock market investors, though all over the world but major chunk are in Karachi, it added.

https://www.brecorder.com/2020/03/2...t-psx-after-massive-decline-in-kse-100-index/

 

[Pakistan Space Agency]

Utter economic devastation under the Shaikh Chillian Pakistan Tehrik-e-Insaf Government.

While rest of the world has been hoarding imports for the rainy day, PTI was crying CAD. Stupid, stupid Cartoon-e-Azam PM Imran Khan.

 

[TheDarkKnight]

Utter economic devastation under the Shaikh Chillian Pakistan Tehrik-e-Insaf Government.

While rest of the world has been hoarding imports for the rainy day, PTI was crying CAD. Stupid, stupid Cartoon-e-Azam PM Imran Khan.

Lol which imports are at shortage in Pakistan? Stocks are down all over the world due to impact from coronavirus. Do you even live in UK? How disconnected one can be from reality - even US is in a recession now.

Stop spreading your party propaganda here - if you have to carry party orders then the least you can do is not be a complete idiot.

 

[ejaz007]

Carnage at PSX as KSE-100 Index buckles more than 4.5% amid broad sell-off

A file photo of the Pakistan Stock Exchange.
KARACHI: The Pakistan Stock Exchange saw carnage on Thursday as a massive sell-off saw more than 2,000 points wiped off the benchmark KSE-100 index a little after the mid-day point of intraday trading.
The index opened at 45,369.14 points and it was a one-way street thereafter. As investors dumped their positions, they wiped off close to 2,000 points — around 4.4% — by 1:30pm.
Speaking to Dawn.com, Raza Jafri, the head of equities at PSX, had blamed the widening trade deficit for the sharp plunge. He had said that the KSE-100 index nosediving will add pressure on the rupee and cause interest rates to increase.
"However, it is important to keep in mind that authorities have already commenced macro-course correction while global commodities are coming down due to Omicron [variant of the coronavirus]. There may be an element of one-offs in November imports too and coming months may show better numbers," he was quoted as saying.
If the day's trend and selling pressures persist, the PSX might be forced to announce a 'market halt' for the day as a 'cool-off' measure to avoid a larger collapse.
The market halt will be triggered if the index declines by 5% and does not reverse within five minutes of doing so.

'Black Thursday': Carnage at PSX as more than 2,100 points wiped off KSE-100 Index

KARACHI: The Pakistan Stock Exchange saw carnage in a turbulent day of trading some are already dubbing 'Black Thursday', as a massive sell-off saw more than 2,100 points wiped off the benchmark KSE-100 index. The...

www.geo.tv

 

[Desprado]

@AZ1 Sakon mail gaya aur and enjoy Tabidli.

 

[Tomcats]

Bloodbath at PSX as benchmark index nosedives by more than 2,000 points in intraday trading

A stockbroker talks on his mobile during a trading session inside the trading hall of the Karachi Stock Exchange — Reuters/File
The Pakistan Stock Exchange (PSX) witnessed a massive selling pressure on Thursday as the benchmark KSE-100 index shed more than 2,000 points in intraday trading.
The market began its slide soon after opening at 45,369.14 points, with the benchmark KSE-100 index down 2,005 points, or 4.42 per cent, by 1:30pm. As per the PSX Rulebook, if the index goes five per cent above or below its last close and stays there for five minutes, trading in all securities is halted for a specified period.
Intermarket Securities' head of equities Raza Jafri cited the widening trade deficit as the reason behind the plunge, saying it will keep the rupee under pressure and lead to "aggressive" increases in the interest rate.
"However, it is important to keep in mind that authorities have already commenced macro-course correction while global commodities are coming down due to Omicron [variant of the coronavirus]. There may be an element of one-offs in November imports too and coming months may show better numbers," he added.

The downturn in the market may be treated as an opportunity, he said.

The view was also shared by CEO of Topline Securities Mohammad Sohail who said the "shocking" import bill in November, coupled with the central bank's "aggressive borrowing" in yesterday's T-bill auction were behind the nosedive.

Global trend
Meanwhile, AKY Securities Chief Executive Officer Amin Yousuf noted that stock markets across the world were bearish on the back of countries imposing restrictions to control the spread of the Omicron variant. A similar effect was also seen at the PSX, he added.

The hike in the interest rate by 125 basis points by the State Bank of Pakistan (SBP) during the auction of T-bills was also increasing investors' problems, Yousuf said. In addition, there was an expectation of further hike in the interest rate in the monetary policy announcement on December 14 because of which there was selling pressure in the market, he added.

Meanwhile, the US dollar soared to Rs176.30 in interbank market after gaining Rs1 in value.

Rise in trade deficit, inflation
A day earlier, the government released provisional data that showed trade deficit rose steeply by 162.4pc in the month of November, driven largely by more than triple increase in imports compared to exports from the country.

The reversing trend in trade deficit was witnessed for the fifth consecutive month as merchandise trade deficit reached $5.107 billion in November against $1.946bn over the corresponding month last year. This is the highest trade deficit recorded in a single month in terms of value.

Earlier this week, data released by the Pakistan Bureau of Statistics showed inflation edged up to 11.5pc from 9.2pc, the highest increase noted in the past 20 months influenced by a record hike in fuel prices in October.

The massive rupee depreciation fuelled import-led inflation. Inflation measured by the Consumer Price Index (CPI) increased to its highest level in 20 months — the period when global oil prices kept rising steadily undermining earlier gains.

Bloodbath at PSX as benchmark index plunges over 2,100 points

Analysts cite "shocking" import bill, SBP's "aggressive borrowing" in T-bill auction and global sell-off as reasons for plunge.

www.dawn.com

 

[AZ1]

@AZ1 Sakon mail gaya aur and enjoy Tabidli.

ab kal up jayegi tou tum bhagoro ki tarah bhag jao ge.
UP/Down is the nature of stock market warna har koiye bas profit.kama.raha hota.

Will see in few days phrlir baat karenge.

By the way its down so good oppertunity for buyers.

 

[Desprado]

ab kal up jayegi tou tum bhagoro ki tarah bhag jao ge.
UP/Down is the nature of stock market warna har koiye bas profit.kama.raha hota.

Will see in few days phrlir baat karenge.

By the way its down so good oppertunity for buyers.

Nahi hoga.High interest>> less PSX profit. Interest rate will be around 14% to 15% in late Jan. Save karlo.

 

[AZ1]

Nahi hoga.High interest>> less PSX profit. Interest rate will be around 14% to 15% in late Jan. Save karlo.

just like this prediction

 

[muhammadhafeezmalik]

 

[ejaz007]

Massive PSX sell-off: KSE-100 plummets in intra-day trading, falls over 2,200 points

• Plunges near 43,100 level as high imports and expectations of hike in interest rate dent economic sentiment

BR Web Desk Updated 02 Dec 2021

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Pakistan stocks got a hammering on Thursday with the benchmark KSE-100 index losing over 2,200 points or nearly 4.9% during the trading session as the market reacted sharply to the widening trade deficit data.
At noon, the index was hovering around the 43,900-point level -- a fall of 3.2% -- and heading for one of its worst days of the calendar year. However, it lost further ground in the next hour or so, falling further to the 43,500-point level before hitting 43,100 near the end of the session.
The sell-off comes after Pakistan posted a massive trade deficit in November, denting economic sentiment. Pakistan Market Treasury Bills' (MTBs) Auction Result conducted also revealed weighted average yield of over 11% for six-, and over 10.3% for three-month papers.
Following the development, investors have resorted to a dump-and-sell approach. Shares have fallen across-the-board.
This follows inflation reading that touched a 21-month high in November.
This has raised interest-rate hike expectations, multiple analysts told Business Recorder, and could put the central bank on the path of even more aggressive monetary tightening.
"The exceptionally high import bill is a massive concern," said one analyst. "This has raised current account deficit expectations, and is bound to put more pressure on the rupee."
The PSX saw all-share volume of around 250 million shares by 1:00pm, with index-heavy cement, construction, and auto sectors bearing the brunt of the sell-off.
By the last hour, volume on the KSE-100 Index rose to over 201 million, while nearing 360 million on the all-share index.
This is an intra-day update. This page does not refresh automatically

Worst PSX sell-off since March 2020: KSE-100 plummets 4.7%

* Plunges over 2,100 points to 43,200 level as high imports and expectations of hike in interest rate dent economic sentiment

www.brecorder.com

 

[Khalidr]

@AZ1 Sakon mail gaya aur and enjoy Tabidli.

I have noticed before that you have predicted some shit about the stock market and the same you are doing again.
Let's say if tomorrow's market crashes due to covid will you blame the government for it or the sentiments of the public toward investment in the stock market.
Seems to me you are the immature kid who just started his youtube channel about stock investment and all his analysis is based on MA.

right now is the time to invest your pocket money. In a few years when the market returns you will likely be holding high value stocks that you got for cheap

So true, today I bought a fair share of stock. I can clearly see that the Pakistani stock market is going to boom and to me it's a bitcoin of 2010 where you invest now and enjoy the return after ten years.

Just for info Market Capitalization of:

India $3.46 trillion

Bangladesh $89.7 billion

Pakistan $52 billion

 

[Desprado]

I have noticed before that you have predicted some shit about the stock market and the same you are doing again.
Let's say if tomorrow's market crashes due to covid will you blame the government for it or the sentiments of the public toward investment in the stock market.
Seems to me you are the immature kid who just started his youtube channel about stock investment and all his analysis is based on MA.


So true, today I bought a fair share of stock. I can clearly see that the Pakistani stock market is going to boom and to me it's a bitcoin of 2010 where you invest now and enjoy the return after ten years.

Just for info Market Capitalization of:

India $3.46 trillion

Bangladesh $89.7 billion

Pakistan $52 billion

Even valuation PSX is faulty Just like Imran Khan brain.

https://twitter.com/x/status/1466377086159908869