Showing posts with label KSE Updates. Show all posts
Showing posts with label KSE Updates. Show all posts
Saturday
Karachi Stock Market into the Red
The Karachi Stock Exchange (KSE) 100-share index shed 87.10 points or 0.96 percent to close at 9,009.13 points as compared to the previous session’s 9,096.23 points. The KSE 30-share index closed at 9,464.13 points with a loss of 105.70 points. The KMI 30 index closed at 13,210.26 points with a decline of 123.90 points.
Friday
Karachi stock market faces mixed trading session, index up two points
KARACHI: The Karachi stock market witnessed a mixed trading session on Thursday, which is the last trading day of the week on account of Eid ul Azha holidays, and closed with a slight gain.
Analysts cited the political uncertainty over the National Reconciliation Ordinance issue for the lack of investor interest.
The Karachi Stock Exchange (KSE) 100-share index gained slightly by 1.64 points or 0.02 percent to close at 9,206.21 points as compared to the previous session’s 9,204.57 points. The KSE 30-share index closed at 9,706.48 points with a loss of 23.69 points. The KMI 30 index closed at 13,436.50 points with a gain of 11.28 points.
Analysts said the market started the day’s proceedings on a negative note, but at the end of the trading session closed with a meagre gain. The daily turnover remained very dismal at 84.66 million shares, reflecting an increase of 2.71 percent as compared with the previous session’s 82.42 million shares. The overall market capitalisation remained unchanged at Rs 2.658 trillion. Out of total 361 companies, 206 closed in the positive zone, 139 in negative and 16 remained unchanged.
“The market was dull as investors preferred to stick to sell on strength strategy,” said Topline Sec analyst Furqan Punjani. “Lapse of NRO ahead of the long weekend limited the market’s performance and it remained range-bound.”
“Rise in international oil prices, strong valuations in banks, cement, oil and fertilizer scrips and limited investor interest were witnessed at the market,” said senior Shahzad Chamdia Sec analyst Ahsan Mehanti.
“Sluggish opening pushed the market into the negative territory, wherein the index heavy weight, OGDC played a major role,” said Aziz Fida Husein and Co analyst Husnein Asghar Ali. “OGDC faced fresh float offered by the offshore participants and with various reservations on revenue and payouts, the locals stayed aloof.”
Bank of Punjab was the volume leader in the share market with 011.76 million shares as it closed at Rs 17.50 after opening at Rs 16.50, making a financial gain of Re 1. Pak PTA Ltd traded 7.96 million shares as it closed at Rs 7.66 from its opening at Rs 7.50, gaining 16 paisas. OGDC traded 7.51 million shares as it closed at Rs 106.39 as against its opening at Rs 108.10, shedding Rs 1.71. Bank Alfalah traded 4.36 million shares as it closed at Rs 14.09 as compared with its opening at Rs 14.14, losing five paisas. staff report
Source: http://www.dailytimes.com.pk/default.asp?page=2009\11\27\story_27-11-2009_pg5_14
Analysts cited the political uncertainty over the National Reconciliation Ordinance issue for the lack of investor interest.
The Karachi Stock Exchange (KSE) 100-share index gained slightly by 1.64 points or 0.02 percent to close at 9,206.21 points as compared to the previous session’s 9,204.57 points. The KSE 30-share index closed at 9,706.48 points with a loss of 23.69 points. The KMI 30 index closed at 13,436.50 points with a gain of 11.28 points.
Analysts said the market started the day’s proceedings on a negative note, but at the end of the trading session closed with a meagre gain. The daily turnover remained very dismal at 84.66 million shares, reflecting an increase of 2.71 percent as compared with the previous session’s 82.42 million shares. The overall market capitalisation remained unchanged at Rs 2.658 trillion. Out of total 361 companies, 206 closed in the positive zone, 139 in negative and 16 remained unchanged.
“The market was dull as investors preferred to stick to sell on strength strategy,” said Topline Sec analyst Furqan Punjani. “Lapse of NRO ahead of the long weekend limited the market’s performance and it remained range-bound.”
“Rise in international oil prices, strong valuations in banks, cement, oil and fertilizer scrips and limited investor interest were witnessed at the market,” said senior Shahzad Chamdia Sec analyst Ahsan Mehanti.
“Sluggish opening pushed the market into the negative territory, wherein the index heavy weight, OGDC played a major role,” said Aziz Fida Husein and Co analyst Husnein Asghar Ali. “OGDC faced fresh float offered by the offshore participants and with various reservations on revenue and payouts, the locals stayed aloof.”
Bank of Punjab was the volume leader in the share market with 011.76 million shares as it closed at Rs 17.50 after opening at Rs 16.50, making a financial gain of Re 1. Pak PTA Ltd traded 7.96 million shares as it closed at Rs 7.66 from its opening at Rs 7.50, gaining 16 paisas. OGDC traded 7.51 million shares as it closed at Rs 106.39 as against its opening at Rs 108.10, shedding Rs 1.71. Bank Alfalah traded 4.36 million shares as it closed at Rs 14.09 as compared with its opening at Rs 14.14, losing five paisas. staff report
Source: http://www.dailytimes.com.pk/default.asp?page=2009\11\27\story_27-11-2009_pg5_14
Thursday
The Karachi Stock Exchange's 100 Index closed at 9203.72
Today, The Karachi Stock Exchange's 100 Index closed at 9203.72, down 0.85 points. The high in the few minutes of trade was 9247.13, and low 9168.28.
Tuesday
The Karachi Stock Exchange's 100 Index closed at 9221.96
Today, The Karachi Stock Exchange's 100 Index closed at 9221.96, down 84.40 points. The high in the few minutes of trade was 9306, and low 99184.84
The Karachi Stock Exchange's 100 Index closed at 9233.70
Today, The Karachi Stock Exchange's 100 Index closed at 9233.70, UP 11.74 points. The low in the few minutes of trade was 9211.81, and high 9286.79
Thursday
The Karachi Stock Exchange's 100 Index closed at 9268.47
Today, The Karachi Stock Exchange's 100 Index closed at 9268.47, up 123.71 points. The low in the few minutes of trade was 9144.76, and high 9284.47
Tuesday
KSE 100-Index falls 99 points on selling pressure
KARACHI: Selling pressure depressed prices of blue chips at Karachi Stock Exchange (KSE) Tuesday as the 100-Index plunged by 99.33 points to close at 9,204.98.
The market was bullish in the morning on some buying, but fell later in the day on profit taking, said a dealer. However, this was converted into panic selling and the index plunged by more than 100 points. Some recovery was seen before the close of trading, he added.
The turnover volume was low at 184.030 million shares as 143 scrips advanced and 241 sustained loss while 18 remained unchanged.
The market capitalization eroded by Rs29 billion to Rs2.657 trillion.
PTCL was the volume leader with a turnover of 25.594 million shares followed by Pak PTA 24.723 million shares, Nishat Mills 15.333 million shares, Azgard Nine 8.219 million shares and FFBL 7.646 million shares.
The market was bullish in the morning on some buying, but fell later in the day on profit taking, said a dealer. However, this was converted into panic selling and the index plunged by more than 100 points. Some recovery was seen before the close of trading, he added.
The turnover volume was low at 184.030 million shares as 143 scrips advanced and 241 sustained loss while 18 remained unchanged.
The market capitalization eroded by Rs29 billion to Rs2.657 trillion.
PTCL was the volume leader with a turnover of 25.594 million shares followed by Pak PTA 24.723 million shares, Nishat Mills 15.333 million shares, Azgard Nine 8.219 million shares and FFBL 7.646 million shares.
Sunday
KSE rises 143 points on end of political uncertainty, IMF tranche next month
KARACHI: The Karachi stock market witnessed intense buying activities on the last trading day of the week Friday due to support of end of political uncertainty in the country with Pakistan People’s Party and Pakistan Muslim League-Nawaz’s dialogue and expectations of receipt of $1.2 billion International Monetary Fund tranche next month.
The Karachi Stock Exchange (KSE) 100-share index surged by 142.93 points or 1.60 percent to close at 9,067.17 points as compared to the previous session’s 8,924.24 points. The KSE 30-share index closed at 9,562.33 points with a surge of 150.51 points. The KMI 30 index closed at 13,153.32 points with a rise of 170.19 points.
Analysts said bullish activity was witnessed in an oversold market as the index despite opening on a negative note closed the day by crossing the level of 9,000 points making a substantial gain in the process. The market turnover went down by 0.64 percent and traded 153.52 million shares as compared with the previous session’s 154.51 million shares. The overall market capitalisation went up 1.54 percent and traded Rs 2.583 trillion as against previous session’s Rs 2.579 trillion. Out of total 378 companies, 255 closed in the positive zone, 101 in negative and 22 remained unchanged.
“Confidence of the local stakeholders in the command of those in authority on the issues arising on law and order and political front was quite prominent, as the news of a couple of blasts early morning did initially have an impact mainly due to the fact that sensitivity level of the market has increased due to the low turnover and absence of tools of leverage,” said analyst at Aziz Fida Husein and Co Husnein Asghar Ali. “Initial dips, however, did invite accumulation mainly for day trades.”
Economic concerns prevailed despite positive statement by the IMF regarding improvement in various sectors of the economy, he said and added that activity of off-shore participants was awaited for the market’s direction, while cautious investors waited for further discounting in main board stocks to capitalise on double digit yields and low multiples.“Investors remained optimistic on renewed foreign interest, receipt of $1.8 billion from Friends of Democratic Pakistan next month and reduction of discount rate in the next monetary policy announcement at the end of the month,” said senior analyst at Shahzad Chamdia Sec Ahsan Mehanti.
The KSE 100-share index opened in the red zone with a loss of 6.96 points and at the end of the day closed at 9,067.17 points with a gain of 142.93 points. staff report
Source: http://www.dailytimes.com.pk/default.asp?page=2009\11\14\story_14-11-2009_pg5_18
The Karachi Stock Exchange (KSE) 100-share index surged by 142.93 points or 1.60 percent to close at 9,067.17 points as compared to the previous session’s 8,924.24 points. The KSE 30-share index closed at 9,562.33 points with a surge of 150.51 points. The KMI 30 index closed at 13,153.32 points with a rise of 170.19 points.
Analysts said bullish activity was witnessed in an oversold market as the index despite opening on a negative note closed the day by crossing the level of 9,000 points making a substantial gain in the process. The market turnover went down by 0.64 percent and traded 153.52 million shares as compared with the previous session’s 154.51 million shares. The overall market capitalisation went up 1.54 percent and traded Rs 2.583 trillion as against previous session’s Rs 2.579 trillion. Out of total 378 companies, 255 closed in the positive zone, 101 in negative and 22 remained unchanged.
“Confidence of the local stakeholders in the command of those in authority on the issues arising on law and order and political front was quite prominent, as the news of a couple of blasts early morning did initially have an impact mainly due to the fact that sensitivity level of the market has increased due to the low turnover and absence of tools of leverage,” said analyst at Aziz Fida Husein and Co Husnein Asghar Ali. “Initial dips, however, did invite accumulation mainly for day trades.”
Economic concerns prevailed despite positive statement by the IMF regarding improvement in various sectors of the economy, he said and added that activity of off-shore participants was awaited for the market’s direction, while cautious investors waited for further discounting in main board stocks to capitalise on double digit yields and low multiples.“Investors remained optimistic on renewed foreign interest, receipt of $1.8 billion from Friends of Democratic Pakistan next month and reduction of discount rate in the next monetary policy announcement at the end of the month,” said senior analyst at Shahzad Chamdia Sec Ahsan Mehanti.
The KSE 100-share index opened in the red zone with a loss of 6.96 points and at the end of the day closed at 9,067.17 points with a gain of 142.93 points. staff report
Source: http://www.dailytimes.com.pk/default.asp?page=2009\11\14\story_14-11-2009_pg5_18
Friday
The Karachi Stock Exchange's 100 Index closed at 9067.17
Today, The Karachi Stock Exchange's 100 Index closed at 9067.17, high 142.93 points. The low in the few minutes of trade was 8881.96, and high 9078.37.
Wednesday
Karachi Stock Exchange's 100 Index closed at 8928.89
Today, The Karachi Stock Exchange's 100 Index closed at 8928.89, high 166.49 points. The low in the few minutes of trade was 8684.30, and high 8940.19.
Friday
The Karachi Stock Exchange's 100 Index closed at 8936.48
Today, The Karachi Stock Exchange's 100 Index closed at 8936.48, down 175.62 points. The high in the few minutes of trade was 9144.79, and low 8911.10.
Thursday
The Karachi Stock Exchange's 100 Index closed at 9112.10
Today, The Karachi Stock Exchange's 100 Index closed at 9112.10, down 42.89 points. The high in the few minutes of trade was 9246.33, and low 9096.77.
Wednesday
The Karachi Stock Exchange (KSE) 100-share
The Karachi Stock Exchange (KSE) 100-share share index increased by 216.00 points to close at 9154.99 points.
Monday
Karachi Stock Exchange's 100 Index closed at 8848.39, down 310.79 points
Today, The Karachi Stock Exchange's 100 Index closed at 8848.39, down 310.79 points. The high in the few minutes of trade was 9182.40, and low 8835.06.
Thursday
The Karachi Stock Exchange's 100 Index closed at 9120.21
Today, The Karachi Stock Exchange's 100 Index closed at 9120.21, down 131.63 points. The high in the few minutes of trade was 9277.53, and low 9113.28.
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