KARACHI: The Karachi Stock Exchange (KSE) lost massive 517.25 points or -1.63 percent to reach 31239.04 points and volume of 180,057,570 shares as bears routed out bulls from the market on Thursday.
Till midday, the benchmark KSE-100 index plummet 535.12 points or 1.63 percent to came down to 31221.17 points.
The market failed to start off on a positive note and recoup the overnight losses that were triggered by a profiting taking spree, forcing the benchmark to red zone.
As a whole 13.46 per cent of companies witnessed increase in their shares while 46.47 per cent lost their share value and 1.31 per cent companies remained stable.
High and Low were 31760.80 and 31026.30 respectively. Total volume traded in the market was 180,057,570 shares.
Analysts say foreign fund managers showed exceptional interest in the market and it is expected that the bullish trend may retained at the bourse in the coming days.
The appreciation in the value of rupee against dollar also boosted confidence of the investors in first two days of market; however it lost 250 points on Wednesday unexpectedly.
Following the negative sentiments concerned the investors due to the uncertainties and they opted for playing safe and take their cash off the table.
The investor concerns were exacerbated by the developments on the political front with major political parties feared to be treading on a collision course.
Showing posts with label Karachi Stock Exchange. Show all posts
Showing posts with label Karachi Stock Exchange. Show all posts
Wednesday
Karachi stocks plunge 250.11pts, down 0.78% to close at 31756.29pts on profit-taking
KARACHI: The Karachi Stock Exchange (KSE) lost 250.11 points or -0.78% due to profit-taking to close 31756.29 points and volume of 187,615,200 shares on Wednesday.
Earlier, trading in the market started on a positive note and the index kept on ticking, adding 219 points to the overnight tally.
The stocks opened at overnight closing of 32,006.40 points and continued upward march, showing signs of confidence.
However, In its journey to scaling new heights of its history, the buoyant Karachi Stock Exchange benchmark 100-index tumbled a little till midday and lost most of early gains to come down to 32019.90 points after reaching 32225 points.
As a whole 15.93 per cent of companies witnessed increase in their shares while 43.51 per cent lost their share value and 2.46 per cent companies remained stable. High and Low were 32225.17 and 31697.78 respectively. Total volume traded in the market was 187,615,200 shares.
Engro Corporation (minus 1.16 percent) took a breather while cement plays namely Pioneer Cement (minus 4.3 percent), D G Khan Cement (minus 1.5 percent) and Cherat Cement (minus 3.7 percent) also witnessed profit booking. Batla expected market to remain volatile and resist near 32,000 with financials namely National Bank of Pakistan, MCB Bank and Bank Alfalah Limited likely generating interest while broader continues to track flows.
Jah Sid Company was the volume leader in the market with 29.84 million shares as it closed at Rs 15.29 followed by Engro Fertiliser with trading of 15.17 million shares and closed at Rs 66.04. Maple Leaf Cement traded 14.13 million shares and closed at Rs 34.60.
Analysts say foreign fund managers showed exceptional interest in the market and it is expected that the bullish trend may retained at the bourse in the coming days. Selling in later half of the session pulled the index in red with Pakistan Petroleum (minus 2.2 percent), recording its recent low keeping other oil names under pressure.
The appreciation in the value of rupee against dollar also boosted confidence of the investors in first two days of market; however it lost 250 points on Wednesday unexpectedly.
Earlier, trading in the market started on a positive note and the index kept on ticking, adding 219 points to the overnight tally.
The stocks opened at overnight closing of 32,006.40 points and continued upward march, showing signs of confidence.
However, In its journey to scaling new heights of its history, the buoyant Karachi Stock Exchange benchmark 100-index tumbled a little till midday and lost most of early gains to come down to 32019.90 points after reaching 32225 points.
As a whole 15.93 per cent of companies witnessed increase in their shares while 43.51 per cent lost their share value and 2.46 per cent companies remained stable. High and Low were 32225.17 and 31697.78 respectively. Total volume traded in the market was 187,615,200 shares.
Engro Corporation (minus 1.16 percent) took a breather while cement plays namely Pioneer Cement (minus 4.3 percent), D G Khan Cement (minus 1.5 percent) and Cherat Cement (minus 3.7 percent) also witnessed profit booking. Batla expected market to remain volatile and resist near 32,000 with financials namely National Bank of Pakistan, MCB Bank and Bank Alfalah Limited likely generating interest while broader continues to track flows.
Jah Sid Company was the volume leader in the market with 29.84 million shares as it closed at Rs 15.29 followed by Engro Fertiliser with trading of 15.17 million shares and closed at Rs 66.04. Maple Leaf Cement traded 14.13 million shares and closed at Rs 34.60.
Analysts say foreign fund managers showed exceptional interest in the market and it is expected that the bullish trend may retained at the bourse in the coming days. Selling in later half of the session pulled the index in red with Pakistan Petroleum (minus 2.2 percent), recording its recent low keeping other oil names under pressure.
The appreciation in the value of rupee against dollar also boosted confidence of the investors in first two days of market; however it lost 250 points on Wednesday unexpectedly.
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
Investors offloaded their holdings at the Karachi Stock Market
KARACHI: Investors offloaded their holdings at the Karachi stock market on the first trading day of the week Monday due to uncertainty on the National Reconciliation Ordinance issue and cautiousness over lower than 100 basis points cut in the upcoming monetary policy, which is expected to deteriorate investor confidence.
The Karachi Stock Exchange (KSE) 100-share index shed 84.40 points or 0.91 percent to close at 9,221.96 points as compared to the previous session’s 9,306.36 points. The KSE 30-share index closed at 9,741.21 points with a loss of 84.69 points. The KMI 30 index closed at 13,474.72 points with a fall of 102.87 points.
Analysts said the market started the day’s proceedings on a negative note and this trend prevailed throughout the session. Daily volumes traded during the session were dismal touching 5-month low reflecting lack of confidence among investors.
The market turnover went down by 45.79 percent and traded 76.07 million shares as compared with previous session’s 140.32 million shares. The overall market capitalisation went down by 0.93 percent and traded Rs 2.661 trillion as against Rs 2.686 trillion. Out of total 372 companies, 96 closed in the positive zone, 260 in negative and 16 remained unchanged.
“The upcoming Eidul Azha holidays also restricted investors from taking fresh positions with overall volumes at 5-month low,” said Topline Securities analyst Furqan Punjani. “Bearish trend was witnessed as political uncertainty increased over lapse of the NRO,” said Shahzad Chamdia Securities senior analyst Ahsan Mehanti. “Uncertainty over the monetary policy review, fall in international oil prices and investor concern over circular debt issue affecting oil refineries cash flows were the other reasons for the negative sentiment.”
“Shallow market continued to face offloading mainly in the main board stocks having reservations on revenue and payout streams by the local participants, as depleting turnover forced an early sell-off,” said Aziz Fida Husein and Co analyst Husnein Asghar Ali. “Absence of buyers on intervals forced low volume price erosion in the expensive stocks and the market went tumbling down in early hours.”
The KSE 100-share index opened in the red zone with a loss of 1.26 points and at the end of the day closed at 9,221.96 points with a loss of 84.40 points.
Bank Alfalah was the volume leader in share market with 15.46 million shares as it closed at Rs 14.26 after opening at Rs 14.27, shedding one paisa. Nishat (Chunian) Ltd traded 5.07 million shares as it closed at Rs 16.72 from its opening at Rs 16.20, gaining 52 paisas. staff report
Source: http://www.dailytimes.com.pk/default.asp?page=2009\11\24\story_24-11-2009_pg5_30
The Karachi Stock Exchange (KSE) 100-share index shed 84.40 points or 0.91 percent to close at 9,221.96 points as compared to the previous session’s 9,306.36 points. The KSE 30-share index closed at 9,741.21 points with a loss of 84.69 points. The KMI 30 index closed at 13,474.72 points with a fall of 102.87 points.
Analysts said the market started the day’s proceedings on a negative note and this trend prevailed throughout the session. Daily volumes traded during the session were dismal touching 5-month low reflecting lack of confidence among investors.
The market turnover went down by 45.79 percent and traded 76.07 million shares as compared with previous session’s 140.32 million shares. The overall market capitalisation went down by 0.93 percent and traded Rs 2.661 trillion as against Rs 2.686 trillion. Out of total 372 companies, 96 closed in the positive zone, 260 in negative and 16 remained unchanged.
“The upcoming Eidul Azha holidays also restricted investors from taking fresh positions with overall volumes at 5-month low,” said Topline Securities analyst Furqan Punjani. “Bearish trend was witnessed as political uncertainty increased over lapse of the NRO,” said Shahzad Chamdia Securities senior analyst Ahsan Mehanti. “Uncertainty over the monetary policy review, fall in international oil prices and investor concern over circular debt issue affecting oil refineries cash flows were the other reasons for the negative sentiment.”
“Shallow market continued to face offloading mainly in the main board stocks having reservations on revenue and payout streams by the local participants, as depleting turnover forced an early sell-off,” said Aziz Fida Husein and Co analyst Husnein Asghar Ali. “Absence of buyers on intervals forced low volume price erosion in the expensive stocks and the market went tumbling down in early hours.”
The KSE 100-share index opened in the red zone with a loss of 1.26 points and at the end of the day closed at 9,221.96 points with a loss of 84.40 points.
Bank Alfalah was the volume leader in share market with 15.46 million shares as it closed at Rs 14.26 after opening at Rs 14.27, shedding one paisa. Nishat (Chunian) Ltd traded 5.07 million shares as it closed at Rs 16.72 from its opening at Rs 16.20, gaining 52 paisas. staff report
Source: http://www.dailytimes.com.pk/default.asp?page=2009\11\24\story_24-11-2009_pg5_30
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
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.
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.
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.
Tuesday
KSE 100 Index closed at 9315.69
The Karachi Stock Exchange's 100 Index closed at 9315.69, down 58.81 points. The high in the few minutes of trade was 9476.71, and low 9307.30.
Monday
The Karachi Stock Exchange's 100 Index closed at 9347.93
The Karachi Stock Exchange's 100 Index closed at 9347.93, UP 197.08 points. The low in the few minutes of trade was 9150.85, and high 9349.23.
Subscribe to:
Posts (Atom)