Tag: Kse

KARACHI - Heavy buying on the part of local institutional investors helping the KSE-100 index gain 146 points at the close of trading. Healthy earnings expectation in index heavy OGDC, garnered support from local institutions at lower levels as scrip outperformed the index. Interest in oil and gas sector turned in favor of bulls as the market gained 146 points in today's session with slightly better volumes of 73 million shares.
The result season has finally provided some

KARACHI - The local bourse is likely to observe a relatively dull period in April-June11, as budget expectations and fears have started to engulf the investors' minds.
Khurrum Shehzad at Investcapital stated in his analysis that from a medium-to-long term perspective, KSE-100 still offers a better deal on pay/receive scale with huge discounts of 60 percent amongst world peers. He establishes that the Pakistan benchmark equity index, KSE-100, has almost always provided an

KARACHI - Investors' participation continued to dilute as the stock market exhibited an average daily volume of merely 60 million shares, while current volumes depicted a similar picture. Prudent investors waited patiently for the right time and opportunity to re-enter the stock market.
Sentiment seemed fairly weak, as the benchmark dwindled around 222 points within a week's time. Friday's second session recovery of 32 points, the streak of four consecutive days of negative

KARACHI - The Karachi Stock Exchange (KSE) edged up slightly by gaining 31 points as investors took fresh positions in blue chips during the second session. The KSE-100 index closed at 11,684 points on Friday.
In general, the stock market remained in the negative zone, but buying in the second session stabilised the market and value of the shares of 108 companies. At one time the index squeezed to 11,566 points, but buying in blue chips during second session on Friday gave some

KARACHI - Investors turned bearish following news that FBR is in the hunt of investors' details, from different brokerage houses, for computation of Capital Gains Tax (CGT), as retail investors had responded poorly to tax returns filling.
The KSE- 100 index shed 82 points to close at 11,653 levels, while 89 million shares were traded. Cement stocks came in for active covering after manufacturers increased prices by Rs 10 per bag. Cement prices in the north are currently hovering

KARACHI - The KSE 100 index witnessed yet another day of correction with major oil, fertiliser and banking stocks taking a heavy pounding. The bourse lost 61 points with volumes of 46 million shares over IMF's concerns that a delay in structural reforms program could pose a severe threat to the country's macroeconomic situation.
The KSE-100 index closed at 11734.72 losing 61.37 points and total volume stood at 29,573,103 with the total value of 1,973,213,529. Fertiliser scrips

KARACHI - The benchmark index continued to oscillate around 11,800 points, as investors' participation stayed dull. Capitalisation reduced by 0.61 percent, as investors chose to book profits; however volume, with 50 million shares remained dreary. Rising crude oil prices amidst widening energy shortfall dampened investor's sentiment. In the absence of positive triggers, the KSE-100 index fell by 73 points, closing at 11,796 points with dismal volumes of 51 million shares. Almost all

KARACHI - The KSE-100 witnessed a lackluster trading session as investors remained largely sluggish due to the absence of encouraging market factors. Hence, the KSE-100 closed down 37 points at 11,869 with volumes falling by 11 percent from Friday to 60 million shares.
The upcoming result season is expected to revive investor interest and increase market participation. Second tier stocks dominated the volume chart today with NICL, DGKC, PACE and JSCL making up 24 percent of the

KARACHI - Investors seemed skeptical about the benchmark index performance; hence average daily volumes remained at lower levels of 73 million shares in contrast with the current average daily volume of 118 million shares.
The current market return has again dipped, standing at negative one percent. The month's first week exhibited range bound behavior, as the index moved within a band of merely 181 points on both sides. With little upside required to breach the 12,000 level,

KARACHI - Bulls remained dominant on Friday at the Karachi Stock Exchange (KSE) where the benchmark index closed 57.03 points higher owing to, according to analysts, bullish activity in blue-chip scrips in energy sector.
The last trading day of the week saw the KSE-100 index closing at 11,905.87 against 11,848.84 a day earlier. "Bullish activity witnessed led by blue-chip scrips in oil sector after US Brent crude crossed $122 per barrel mark due to political turmoil in the Middle

KARACHI - Investors remained cautious as annual inflation clocked in at 13.16 percent in March 2011. The KSE-100 Index closed down 84 points at 11,849 with 75 million shares traded, down 15 percent from yesterday.
The refining sector continued to outperform the market in general on the back of rising GRM's post closure of refining capacities in the aftermath of Tsunami in Japan (World's 3rd largest oil consumer). Foreign Institutional Investors were rumored to be buyers in cement

KARACHI - The local bourse seemed in disarray as the benchmark index moved in both upwards and downwards direction. Market activity remained sluggish as merely 74 million shares were traded, slightly better in contrast with the preceding day. The KSE-100 index gained 28.09 points to close at 11901.37 levels, while total volume and total value stood at 60,453,236 and 2,909,605,618 respectively.
Mixed sentiments prevailed as major E and P stocks exhibited some profit taking.

KARACHI - The gloomy outlook on important economic and financial issues, the poor security situation and negative sentiment over the growing concerns of the tough business environment have apparently impacted on the morale of investors, thus forcing those on the market to be cautious and watch for fresh placements.
The market lacked luster with low volumes and limited volatility, thus not offering little incentive for trading, while low volumes led to stagnation in high priced

KARACHI - The index performance, on most occasions, showed bullish momentum as it appreciated by 333 points, with an average daily volume of 78 million shares. The volume, on Tuesday, reached 110 million, while market exhibited lower volumes in the rest of week. Majority of the top tier stocks were tilted towards positive prices appreciation especially banks and cement sector, while index heavy OGDC moved against the wind. We believe that the quarterly result season, expected to

KARACHI - The local bourse exhibited bullish activity, as the benchmark 100 index closed 76.10 points up, spurred by institutional and foreign investors' interest. The KSE-100 index closed at 11,885.64 points against 11,809.54 points, a day earlier.
The intraday high and low was 11,890.63 and 11,812.06 points respectively, while the day's turnover was recorded at 80.50 million against Thursday's 68.52 million. Market capitalisation also remained upward, at Rs 3.164 trillion,

KARACHI - The local bourse witnessed a lackluster session with benchmark KSE-100 closing 31 points up at 11,583. No change in monetary policy on the part of the SBP failed to provide any impetus to the market as it was in line with expectations. Activity remained subdued with only 79 million shares traded. The KSE 100 index closed at 11,583.03 with a gain of 30.90 points while total volume stood at 51,997,381 along with the total value of 2,698,560,427. KSE 30 gained 45.49 points

KARACHI - The local bourse had a week of slim volumes of 62.56 million, indicating that lack of investor participation has largely impacted performance. The index moved within a band of merely 289 points whilst the benchmark shrunk 54.48 points within the week.
Foreign participation, in the week, was up by a meager $4.82 million. The SBP allowed forward cover for exports, to allow the banking industry fetch better returns from dealing in foreign exchanges, while forward cover