Tag: Kse

KARACHI - The local bourse exhibited stimulated activity backed by news regarding approval of the margin trading system by KSE board. However, volumes stayed shabby, depicting investor's confidence. The KSE-100 index gained 131.75 points and closed at 12,077.84 levels, while the total volume stood at 63,659,526 along with the total value of 3,143,336,221.
The KSE-30 index accumulated 142.40 points and closed at 11688.94 levels, while the all share index closed at 8425.19 levels

KARACHI - The management of Karachi Stock Exchange (KSE) has invited tax proposals from the members to be included in the next federal budget. The KSE through issuing a notice has asked the members to forwards their comments or proposals on tax including the Federal Excise Duty (FED) to be incorporated in the Finance Bill to be enacted during fiscal year 2011-12.
Sought at the latest by February 23, the proposals would be evaluated by the Tax Committee of the KSE Board of

KARACHI - The prevailing diplomatic discord between Pakistan and its strategic partners in the United States over the arrest and the claimed immunity of Raymond Davis has begun to reflect adversely on daily share trading at the local bourses. The Karachi Stock Exchange's (KSE) Progress Report for 2006-2011 reveals that the position of KSE on February 11 had been pulled down to fifth among the top 12 international stock market indices owing primarily to, what the KSE officials said,

KARACHI - Within the current week, the index shed over 472 points or 3.8 percent with an average volume of 95.45 million shares. It is worth mentioning that the index touched a high of 12,682 points on Jan 17, 2011 with year to date highest volume of 316 million shares during the preceding month. Average daily volumes were strongly affected in the current week volume as year to date average volume decline by 11 million to 150 million shares.
The foreign investment inflow of

KARACHI - The Karachi Stock Exchange (KSE) has extended the suspension period of six companies for another 60 days, effective from February 18, 2011, upon failing to comply with KSE regulations. They are Pakistan Industrial and Commercial Leasing, Dadabhoy Sack Ltd, Nina Industries Ltd, Nazir Cotton Mills Ltd, Dominion Stock Fund Ltd and Investec Mutual Fund Ltd.
According to KSE, the suspension will remain effective till such time that these companies comply with the

KARACHI: The US threat to break off diplomatic ties over the ongoing diplomat case caused the bourse to plummet after Friday prayers, despite having commenced on a positive note after the four day consecutive bear run, and lost 244 points.
The negative trend was further amplified by rumors of the possibility that Moody's could downgrade Pakistan's rating due to its ballooning fiscal deficit. The bourse closed at 11,943 points. The market crash was resisted by only a few

KARACHI - Investors were unmoved by the government's decision to dissolve the cabinet and induct better quality personals. In addition, the result season could not instill momentum as the market sentiment stayed apathetic. Political uncertainty and disturbed US-PAK diplomatic ties dented investor confidence.
Regional insecurities have triggered absence of foreign investor participation in the last few days. The KSE-100 index dwindled a significant 111.81 points to close at

KARACHI - The estranged relationship of Pakistan and US has further deteriorated with the US administration suspending all official visits for the next couple of weeks, along with a threat to block aid over the fracas ensuing over the Raymond Davis case. The fresh development does not bode well with indecisive investors already nervous.
With sentiment being soured by rising uncertainty on market affairs, the KSE-100 index witnessed correction for another day. The benchmark index

KARACHI - The local bourse vibrated within a range of 63 points, showing no clear signs of either gaining an upward momentum or following a dampened path. Low cap stocks dominated, suggesting a lack of investors' interest towards the high worth stocks.
The KSE-100 index accumulated 12.01 points and closed at 12427.36 points, while the total volume and total value stood at 57,480,893 and 2,289,872,964 respectively. Heavy volume was seen in NICL following investors' expectation

KARACHI - The State Bank of Pakistan (SBP) announced the much awaited MPS statement where discount rate was kept unchanged. It seems that the decision lacked substance as the monetary policy statement carried major points indicating towards a rate rise rather than anything else.
As the uncertainty looms ensuing to Egyptian political turmoil, impact on commodity prices especially international crude oil prices is evident as Brent crude is currently trading over $100 per barrel.

KARACHI - The Karachi Stock Exchange (KSE) exhibited bullish activity as investors' expected an early introduction of the leverage product. The KSE-100 index accumulated 56.29 points or 0.46 percent to close at 12,415.35 points. The benchmark hit intraday high and low of 12,442.55 and 12,344.06 respectively. Volume at the ready-counter stood at 102,520,886 shares, while the value stood at Rs 4.715 trillion.
The number of gainers and losers for the day were 204 and 149

KARACHI - The KSE-100 index, after five consecutive bearish sessions, finally shifted gears as it gained 116 points to close at 12,359 points. The anticipated reversal was led by bellwether oil marketing scrips as dread over pricing mechanism faded, in addition to a healthy earnings expectation for the period ending on December 2010.
The KSE-30 index accumulated 189.28 points to close at 12,041.16 points, while the All Share index gained 82.49 points to close at 8,582.83 levels.

KARACHI - Investors were subdued at the local bourse for another day as the scrips of refineries remained under the weather, after news broke that the ministry of petroleum had informed oil refineries that the deemed duty protection of 7.5 percent will be eliminated gradually. Overall, market remained under a bearish spell with traded volumes of 78 million, amid selling by local institutions.
The KSE 100 index closed at 12,242.39 levels with a loss of 30.99 points while total

KARACHI - Pressure mounted on the bourse as it shed 86 points to close below 12,300. The government, under political duress, decided to bear the brunt of maintaining the current prices of petroleum products at a time when international crude oil prices continue to rise due to political strife in Egypt and Tunisia.
The KSE-100 index closed at 12,73.38 levels with a loss of 85.98 points, while total volume stood at 108,830,856 along with the total value 6,596,342,903. The decision

KARACHI - The local bourse lost its early positive spurt to close 103 points down at 12,359 level. The SBP unexpectedly maintaining the interest rates at 14 percent and provided the initial positive impetus with the market climbing 132 points, but fear of foreign selling due to weak international markets following the Egyptian crisis and the below par result of Lucky Cement soon took a toll on the market.
The KSE-100 index closed at a level of 12,359.36 with the loss of 103.34

KARACHI - The result season has begun as PPL, FFBL, FFC, and POL have declared half year financial results, whereas LOTPTA has announced annual results. Majority of the results were inline with analysts' expectation except for FFBL. The current week's index performance depicted the same dreary tendency.
The stock market moved within a narrow band of 207 points, touching a high of 12,557 and low of 12,350 points. The index gained a mere 31 points, with a considerably low average

KARACHI - The Karachi Chamber of Commerce and Industry (KCCI) and Karachi Stock Exchange (KSE) have agreed to set up a joint platform and outline a concrete line of action to encourage the business community and traders to participate in trade listings and stocks.
At a time when the economy is facing hard times and with the cost of manufacturing and operation increasing with alarming frequency, the joint platform is seen as a farsighted exercise which will work towards the