Tag: Points

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,

LAHORE - The Lahore Stock Exchange (LSE) remained bearish with stagnant volume. The LSE 25-shares lost 68.33 points to close at 3,579.04 against its opening at 3,647.37 levels. Out of total 101 active scrips, 11 went up, 42 went down and 48 closed without any change in their opening values. The volume of the market remained 3.92 million shares, which was 0.28 million shares more than Monday's turnover of 3.64 million shares.
Nimir Industrial Chemical was the volume leader with a

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 - 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

LAHORE - The Lahore Stock Exchange (LSE) remained bullish marked by a slender improvement in volume. The LSE 25-shares added 57.48 points to close at 3,687.72 against its opening at 3,635.97 levels. Out of total 102 active scrips, 43 went up, 12 went down and 47 closed without any change in their opening values. Volume of the market remained 2.78 million shares, which was 1.03 million shares more than Tuesday's turnover of 1.75 million shares. Fauji Fertilisers Bin Qasim, with a

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

LAHORE - The Lahore Stock Exchange (LSE) remained range bound and closed in red zone with a decline in turnover on Monday. The LSE 25-shares index lost 12.68 points and closed at 3,647.17 against its opening level of 3,659.85 points. Out of total 100 active scrips, 15 went up, 42 went down and 43 closed without any change in their opening values. The volume of the market remained 4.5 million shares, which was 1.94 million shares less than Friday's turnover of 6.45m shares. Lotte

KARACHI - The KSE-100 index sustained momentum, adding 63 points to close at 11,762 points. LOTPTA's announcement of injecting $400 million, for setting up another PTA plant, was the major turnaround for the day, which was leading the stock cross Rs 16 with heavy volumes of 46 million. Other major movers included NBP, NCL and NML - all gaining over three percent during the day. Though sentiments have improved, uncertainty prevailed amid political instability especially after petrol

KARACHI - Market rallied to the north following a dismal performance in the last week as foreign investor's gained interest in the local bourse. Recovery, contributed by both local and foreign interest, jacked up the index by 2.8 percent. The government, left with no option, decided to raise petroleum product price after a surge in international crude oil prices.
The KSE-100 index closed at 11608.43 points marked by a gain of 319.20 points, while total volume and total value

LONDON - Striker Javier Hernandez's double helped move Manchester United four points clear at the top of the Premier League with a 4-0 win at Wigan Athletic on Saturday. Hernandez justified his selection with his eighth and nine league goals of the season.
Wolverhampton Wanderers moved off the foot of the table and out of the bottom three by thrashing 10-man Blackpool 4-0 at Molineux. Sylvan Ebanks-Blake scored twice for Wolves, who made their extra man count after Blackpool's

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 - 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

LAHORE: The Lahore Stock Exchange (LSE) mirroring the trend on the KSE as LSE-25 index dipped 88.83 points to close at 3,565.28 points. However, the total turnover remained 3.939 million shares against the yesterday's 2.283 million shares. Of 102 active shares, 10 improved, 58 gone down while share of 40 companies remained unchanged. Lotte Pakistan PTA Ltd, Bank of Punjab and National Bank of Pakistan were the volume leaders with Rs 16.15, 8.31 and 75.62 per share, respectively. SME

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 - 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