Tag: Kse

KARACHI - The local bourse underwent a slump of 12.12 points or 0.10 percent on Friday primarily due to, what analysts said, investors' cautiousness a day ahead of the monetary policy statement (MPS) by the State Bank of Pakistan.
The KSE 100-share index closed at 11,552.13 points against 11,564.25 points, the previous day. The day saw the intraday high and low, respectively, at 11,636.89 and 11,531.65 points, while the day's turnover at the ready-counter was recorded at 66.38

KARACHI - Aggressive buying was witnessed in the energy sector as oil prices continued their upward trend and traded above $105 per barrel owing to supply concerns in the Middle East led by the unrest in Libya. Announcement of forward cover on FX contracts by the central bank gave the much needed comfort to local business houses. The KSE-100 index managed to close at a level of 11,564, up 76 points with 63 million shares traded today. Foreign institutional investors were rumored to be

KARACHI - Following a contraction by 484 points or four percent in the previous two trading sessions, a recovery provided some breathing space to local investors. Market closed up 113 points today after losing almost 500 points in the last two sessions due to let-up in selling from foreign funds, and Moody's maintaining its B3 credit rating for Pakistan along with a stable outlook. The KSE-100 index closed at 11,488.06 levels with the gain of 112.92 points while total volume stood at

KARACHI - Off-shore selling and local groups continue to engage in heavy selling and kept the local bourse under pressure and low volume price erosion in the high priced stocks thereby prevented resistance even by the local corporate participants besides inviting panic selling.
The KSE 100 index closed at 11,375.14 with a loss of 231.47 points, while total volume stood at 47,640,089 along with the total value of 2,866,412,875. The KSE 30 index closed at 11085.52 levels with the

KARACHI - Panic selling in high-priced blue chip scrips let the bears prevail at the Karachi Stock Exchange (KSE) on Friday that saw the political and strategic situation dog local and international share traders. The investors' fear of foreign selling led to panic selling at the KSE owing to disturbing developments like a destabilising political backlash after the controversial release of American spy Raymond Davis and Thursday's drone attack on a Pakistani tribal Jirga and a rare

KARACHI - The Karachi Stock Exchange (KSE) has revised upwards its current advance rates of taxes by 15 percent after a recent presidential ordinance levied 15 percent surcharge on the payable taxes. A KSE notice (KSE/N-1544), which was issued by KSE Acting Managing Director Haroon Askari, informed KSE members that it would collect 15 percent more advance taxes on the purchase value, sale value, trade value and in respect of financing the carry over trade of the traded shares from

KARACHI - Investors became invigorated after the release of a US citizen, an issue which had become a major bone of contention between Pakistan and the US. After a week long bearish spell at the local bourse, aggressive buying by local institutions at lower levels was witnessed which helped maintain the positive trend throughout the day. The KSE-100 index managed to close up 64 points at 11,858 with 117 million shares traded today, up 8.4 percent. Locals were buyers in index heavy

KARACHI - The government's decision to impose flood surcharge, enhancement of SED and GST on fertiliser has rippled on the bourse. The ambiguity related to the imposition of flood surcharge on corporations kept the investors away from the market. The market started off on a positive note but remained in the red throughout the day.
The KSE index closed at a level of 11,794.57 with a loss of 34.67 points, while total volume stood at 76,098,980 along with the total value of

KARACHI - The KSE 100 index plunged 1.8 percent following massive declines in regional markets after the Japanese bourse plummeted. Rumors of foreign institutional investors selling off key oil and fertiliser stocks also dampened the morale of investors and dragged the index to touch a low of 11,768.
The KSE-100 index closed at 11,829.24 levels with a loss of 216.14 points, while total volume stood at 78,084,274 along with the total value of 4,982,157,632. KSE-30 index lost

KARACHI - The volatile economic outlook as well as the poor security situation helped to sustain the cautious stance of investors. However the index managed to cling on to the psychological mark of 12,000 despite all odds. The range bound behavior of the index was illustrative of the timidness of investors. The trading day was characterised by limited volumes of 77 million shares.
The KSE 100 index closed at a level of 12,045.38 with a gain of 0.13 points, while total volume

KARACHI - After an exceptional sprint by the local bourse in the preceding week, adding 761 points, the index consolidated at 12,000 points. Lower average daily volume of 88 million compared to 146 million in the preceding week depicts the cautious investor behavior. Investors still await leverage products including MTS and MFS, out of which MTS is expected to be operational from Monday March 14, 2011. The bullish rally in the preceding week was spurred by local investors, while net

KARACHI - Friday saw bears dominate share trading at the Karachi Stock Exchange (KSE) where, analysts believe, falling global stocks amid geopolitical uncertainties in oil-producing Libya and Middle East and reports of a devastating Tsunami in Japan shattered investors' confidence. The KSE-100 index dwindled 80.54 points or 0.66 percent to close at 12,045.25 points against 12,125.79 points on Thursday. "Bearish activity was seen as global stocks fell amid geopolitical concerns in the

KARACHI - The local bourse underwent technical correction amid tough conditions, for the release of funds, set by US and IMF. Front line stocks from banking and fertiliser sectors faced renewed off-loading from local participants, both from corporate and retail circuits.
The KSE-100 lost 2.36 points to close at 12125.79 levels, while total volume and total stood at 86,487,579 and 5,899,162,764 respectively. However, presence of renewed buyers in growth and dividend yielding

KARACHI - Local participants smoothly crawled in for accumulating front line growth and dividend yielding stocks primarily due to a substantial reduction in political temperatures, while launch of the Margin Trading System (MTS) from next week did force sellers, mainly in high priced stocks, on the back-foot.
This propelled renewed buyers to move a step forward for building new positions, thus allowing the benchmark attain triple digit gains in early trade. The KSE-100 index

KARACHI - Market closed down 35 points after a dull trading session with almost all major oil, banking and fertiliser stocks remaining in the 'red' throughout the day. Local institutional interest can be gauged by low volumes of 54 million shares as most preferred to stay sidelined amid bleak political and economic scenario. Reports of a meeting today between MQM and President Zardari to sort out differences kept investors double minded.
The MQM seeks clear answers from the

KARACHI - The local bourse seemingly played a 'tug of war" among local financial groups, as some supported bulls on likely availability of leverage and its positive impact on valuation of various main board stocks while others, including financial institutions, surfaced as major sellers thoroughly capitalising on the recent rise in political temperatures, in addition to anticipation of inflow through off-shore channels, likely repercussions of the cold diplomatic ties with US and the

KARACHI - The Karachi Stock Exchange (KSE) has shown an impressive increase of Rs 196 billion in its market capitalisation a week ahead of the launch of the much-awaited Margin Trading System (MTS) today (Monday), which is being introduced in place of the badla system.
The market capitalisation of the KSE had fallen to Rs 3.037 trillion on February 25, but by March 4 the market capitalisation of the KSE edged up to Rs 3.233 trillion as Finance Minister Hafeez Sheikh announced the