Tag: Kse

KARACHI - Profit taking was witnessed today at inflated levels despite inflation being revised downward to 15.68 percent on account of a reversal of the government's decision to raise fuel prices, the KSE-100 index managed to close at 12,281 level, up 14 points with 143 million shares traded today.
Activity at local bourse remained range bound as market traverse to 12,346 in the early trading hours only to hit the intraday valley of 12,231 level. After recovery benchmark index

KARACHI - The market closed down 39 points as index heavyweight OGDC suffered from massive profit taking dragging down other oil stocks with it. The KSE index closed at 12267.21 levels with the loss of 39.49 points while total volume stood at 90,451,627 along with the total value of 6,917,517,238.
OGDC slipped 2.2 percent, followed by marginal declines in PPL, while POL remained firm throughout the day and closed in the 'green' despite some profit taking towards the end of

KARACHI - The bourse exhibited volatile behavior as price of OGDC varied from a high of Rs 185 per share to a low of Rs 176 per share. This was largely due to the OGDC index weight of around 25 percent.
The KSE 100 index closed at 12306.70 points with a loss of 82.34 points, while total volume stood at 101,759,147 along with total values of 6,729,880,875. The market, justifiably, is expected to slide down on the back of profit booking following a marvelous run.
Silk bank's

KARACHI - The index sustained the upward trajectory despite enormous political warfare among political parties. PML-N has tried to dictate their terms and conditions to the government which can be termed as a face saving effort by the so called opposition party. Killing of governor Taseer on Tuesday led to further complications.
During the due coerce of time, index gained around three percent or 366 points, with an average daily volume of 155 million shares, well above the

KARACHI - The KSE-100 index posted a decent volume of 168 million shares following the assassination of Punjab Governor Salmaan Tasser. Yesterday's breakout however, made the market operate in the green zone, going as much as 100 points plus from yesterday's closing because of the hike in petroleum prices, which improved levels for the oil sector in the first session, and in cotton prices which caused the textile scrips to perform as well.
From the onset of trading, the index

KARACHI - According to forecasts based upon earnings growth, the KSE is expected to grow by 15 percent in 2011 with the benchmark index estimated to rise 13,800 by year end, entailing a return of 14.8 percent. Furthermore, Arib Habib research stated that total returns will come out at 21.6 percent, while their top picks for CY11 include POL, PPL, APL, PSO, HUBC, KAPCO, LUCK, NBP and LOTPTA.
It is to be noted that the benchmark KSE100 Index was amongst the top five top-performing

KARACHI - Though the market got to the 12,000 mark, market experts believed that the assassination of the Punjab governor will engender instability in the political scenario and entail caution on the market as a result.
After yesterday's bearish spell the stock market was encouraged by reports that PML-N is likely to support the current government in its bid to remain in power. The KSE 100 index closed at 12110.26 with a gain of 260.80 points, while total volume stood at

KARACHI - The KSE-100 index fell sharply by 173 points, recovering almost 90 points from intraday low. E and P and fertiliser stocks helped slight recovery towards the end as 91 million shares were traded.
The KSE 100 index closed at 11849.46 points, while the total volume stood at 73,741,529. The dubious political front triggered a negative start to the bourse. Almost all major oil, banking and fertiliser stocks bore the brunt of the selling pressure and sentiments ebbed, as

KARACHI - The Karachi Stock Exchange (KSE) sustained the 12,000 points level on Friday after losing nine points. The KSE benchmark index fell to 11,979 points, but buying in certain shares pushed the index to above 12,000 points. At closing, the index settled at 12,022 points on Friday, the last trading day of the calendar year 2010.
The volume of trading amounted to 109 million shares, valuing Rs 5.79 billion. Activity at the local bourse remained range bound at around 12,000

KARACHI - Investors were energised by rumors of a discovery at Tulang well, which would mainly benefit POL and PPL, pushing the benchmark index beyond the 12,000 level as intense buying activity, volumes however failed to match the pace.
The KSE-100 crossed the 12,000 level, last witnessed on July 3, 2008, to close at 12031.46 with the gain of 145.44 points. Total volumes stood at 114,708,415 along with the total value 6,909,202,192.
Induction of the new board of directors

KARACHI - The local bourse posted meager gains amidst thin volumes owing to heavy investor interest in the banking sector lead by UBL. The KSE 100 Index ended the day up 38 points, aided by renewed local buying interest in banking stocks.
UBL stole the show after disclosing to the stock exchange that Bestway (Holding), an existing shareholder, entered into a Share Purchase Agreement (SPA) with the Abu Dhabi Group (ADG) to acquire 20 percent of their stake in UBL. The KSE 100

KARACHI - Most of the indicators for trading and non-trading affairs at Karachi Stock Exchange marked a negative trend if examined in totality on the eve of fast approaching new calendar year 2011.
Holistically saying, the outgoing year did not see the country's largest bourse proving to be an investor-friendly equity market with most of its belongings continuing to lose their face value over the last couple of years.
According to sources, the KSE's membership card, which

KARACHI - The KSE 100 index tumbled by 62 points as profit taking by local institutional investors rose ahead of the year end close, while political uncertainty also played out, with a major coalition partner of the government in Sindh deciding to part ways with the federal cabinet and choosing to sit on the treasury benches.
The KSE 100 index closed at 11848.05 with the loss of 61.68 points, while total volume standing at 73,567,358 along with total value at 4,661,166,772.