Karachi stock exchange-News and discussioms

[Koovie]

Prime Minister Nawaz Sharif is an industrialist, very business friendly, always going for huge mega projects. Under his tenure, trade between Pakistan-India will increase many folds Insha'Allah.



Karachi Stock Exchange

Thanks for the info, I also hope that trade will improve.

So he is supporter of free markets.

What exactly are his plans for the economy? Are there any outlines for his economic policy?

 

[Cyberian]

Thanks for the info, I also hope that trade will improve.

So he is supporter of free markets.

What exactly are his plans for the economy? Are there any outlines for his economic policy?

His number one priority is ending the energy crises. This is the single biggest thing that people are most upset about. This is what Pakistani people talk about, moan about, complain about day in, day out in their homes and communities. It is the need of the hour.

Everyone believes he can fix this and we'll find out in June when the new budget is outlined, what the new government's policies will be in regards to this.

Once energy demand is met, everything else should just fall in place.

There's also a lot of unofficial trade that happens between India-Pakistan (in billions of dollars) and this is also something he'll be working on to make it official. There's no reason why Pakistan-India's bilateral trade should be done via third parties.

 

[A.Rafay]

KSE index crosses record 21,000-point level

KARACHI - The Karachi stock market’s benchmark index on Tuesday crossed the historic 21,000-point level as post-election rally continues to push share prices higher. In early trade, the Karachi Stock Exchange’s 100-share index was trading at 21,025 points, up 210.99 points, or 1.01 percent. By 09:43 am, 20.1 million shares changed hands. Dealers said that investors’ sentiment is buoyant on hopes that the prime minister-elect Nawaz Sharif’s government would focus its efforts towards reviving the economy. Since May 11 general elections in which PML (N) emerged as single-largest party, the market has seen bullish trend. - See more at: KSE index crosses record 21,000-point level | Pakistan Today | Latest news | Breaking news | Pakistan News | World news | Business | Sport and Multimedia

 

[Cyberian]

Stocks gain 277 pts on buyers’ interest in oil, energy sectors
Tuesday, May 21, 2013

Staff Report

KARACHI: Karachi stock market closed all time high on Monday amid higher trades on institutional interest in stocks across the board on strong valuations.

Analysts said other major factor, which supported the market included reports of early resolution of circular debt which helped Pakistan State Oil (PSO) to close at its upper cap besides heavy weight Oil and Gas Development Company (OGDC) also rallied and closed 5 percent up.

The Karachi Stock Exchange (KSE) 100-share index gained 277.11 points or 1.35 percent to close at 20,814.14 points as compared to 20,537.03 points of the previous session. The KSE 30-share index was up by 240.35 points to close at 16,161.63 points as compared with 15,921.28 points.

The market turnover went down by 7.71 percent and traded 343.59 million shares as against 372.30 million shares of the previous session. The overall market capitalisation gained 1.64 percent and traded Rs 5.071 trillion as against Rs 4.989 trillion. Gainers beat losers by 224 to 149 while 21 were unchanged.

The KMI 30-share index gained 647.06 points to close at 35,632.57 points from its opening at 34,985.51 points. The KSE all-share index closed by gaining 243.31 points to close at 14,711.06 points as compared to 14,467.75 points of the previous session.

Led by foreign buying in large cap stocks market closed to a new high above 20,800 points mark. Newspaper reports of early resolution of circular debt helped PSO to close at its upper cap. Heavy weight OGDC also rallied and closed 5 percent up” said Samar Iqbal Equity Dealer at Topline Sec.

Speculations for early resolution of circular debt crises as economic priority of new government, rising local cement and urea prices and foreign interest in oil and energy stocks played a catalyst role in bullish post election rally at KSE despite concerns for rising current account deficit and rupee instability ahead of IMF repayments due, said Ahsan Mehanti Director Arif Habib Corporation.

The Oil Exploration and Production (E&P) sector was the major mover for the day, where OGDC (+5%) and PPL (+4%) led the rally. PSO and HUBC also gained 5 percent and 1.7 percent on optimism the new government would take measures to ease the circular debt concern. HUBC also provides a good dividend yield at this all time high index levels. The cement sector also remained in the limelight, where LPCL, MLCF and FCCL were the largely traded names in the sector with volumes of 37.7 million, 24.8 million and 21.0 million shares respectively, said Wasi Khan JS Research.

Within the last two month benchmark has stacked a staggering gain of 15.4 percent backed by election euphoria. The month to date gain is close to twice the gain booked in the preceding month. We believe most of the stocks are likely to kiss their intrinsic or fundamental worth sooner.

Today’s bullish sentiment has pushed the oil sector giants towards upper limits. With possibility of resolution of circular debt, few stocks are likely to see improvement in their free cash flows, which justifies the bullish sentiment. We believe the overheated bull need to take a breather hence investors need to remain cautious in the upcoming days, said Bilal Asif analyst at Habib Metropolitan Finance Corporation.

Lafarge Pakistan was the volume leader in the share market with 37.71 million shares as it closed at Rs 7.97 after opening at Rs 7.08 shedding 11 paisas. Maple Leaf Cement traded 24.82 million shares as it closed at Rs 21.10 from its opening at Rs 20.35 gaining 75 paisas. Fauji Cement traded 21.02 million shares and closed at Rs 11.06 as compared to its opening at Rs 10.73 gaining 33 paisas. Bank of Punjab traded 15.01 million shares as it closed at Rs 1.71 as against its opening at Rs 1.75 shedding 04 paisas.

Daily Times - Leading News Resource of Pakistan

 

[Cyberian]

Buying, investment prospects push stocks 354 points up
Wednesday, May 22, 2013

Staff Report

KARACHI: Karachi stock market made another new high with record turnover of Rs 16.5 billion in ready market mainly led by aggressive foreign buying on Tuesday.

Analysts said market was also propelled by the fact that foreigner have already bought shares worth $155 million on net basis in the month of May. Moreover expectation the arrival of Chinese prime minister will provide the much-needed boost to the investment environment in Pakistan also helped boost investors confidence.

The Karachi Stock Exchange (KSE) 100-share index gained 353.86 points or 1.70 percent to close at 21,168.00 points as compared to 20,814.14 points of the previous session. The KSE 30-share index was up by 321.00 points to close at 16,482.63 points as compared with 16,161.63 points.

The market turnover went up by 29.11 percent and traded 443.63 million shares as against 343.59 million shares of the previous session. The overall market capitalisation gained 1.61 percent and traded Rs 5.153 trillion as against Rs 5.071 trillion. Gainers beat losers by 200 to 163 while 30 were unchanged.

The KMI 30-share index gained 772.81 points to close at 35,196.05 points from its opening at 35,632.57 points. The KSE all-share index closed by gaining 237.68 points to close at 14,948.74 points as compared to 14,711.06 points of the previous session.

Volume in rupee terms remained 43 months high. Foreigners have already bought shares worth $155 million on net basis in the month of May. Fauji Cement and PTC remained investors’ favourite as investors traded more than 100 million shares of these two stocks. Once again Oil and Gas Development Company (OGDC) and Pakistan State Oil (PSO) foreigners favourite closed at its upper limit, said Samar Iqbal Equity Dealer at Topline Sec.

Pakistan stocks closed all time high with investor interest in stocks across the board on strong valuations, said Ahsan Mehanti Director Arif Habib Corporation.

Trade remained higher amid bullish sentiments throughout the trading session on renewed foreign interest in oil and banking stocks, speculations on early resolution of circular debt issues in Pakistan energy sector, significant developments on resolution for war on terror and Indo-Pak, Pak-US relations after formation of new government played a catalyst role in bullish sentiments at KSE despite concerns for fall in rupee dollar parity and foreign exchange reserves on International Monetary Fund repayments due.

KSE-100 index celebrated key milestone level of 21,000 with great help of foreign buying in E&P sector. Once again OGDC, PSO, PPL and POL were in the limelight especially PSO and OGDC closed at upper circuit.

Investors are gaining confidence in the market, which is being reflected in volumes, which stood at 444 million shares today. Major contributors in volumes were FCCL and MLCF. Key factor of recent rally was favourable political situation. Banking sector companies like MCB, NBP and UBL were under pressure as profit taking was witnessed, however they managed to close in positive zone. Expectation remains still bullish, targeting oil, banking and cement sector, said Veer Bhan Bajaj at JS Research.

Growing risk appetite post general election in anticipation of reformist policy stance of the newly elected government to spur growth has left the equity bulls loose especially since the beginning of the month.

Amidst re-rating of multiples, the benchmark KSE-100 index has amassed a staggering 2,185 points (11.5%) since the beginning of the month. In today’s session, gains were led by index heavy oil and gas sector underpinned by foreign interest whilst advancement in Fauji twins also played its due contribution.

Stocks from IPP space continue their unwavering run as relative attractiveness of PKGP trigger substitution to push the stock to upper price limit yet again, said Salman Vidhani at Habib Metropolitan Finance Corporation.

Fauji Cement was the volume leader in the share market with 63.91 million shares as it closed at Rs 11.76 after opening at Rs 11.06 gaining 70 paisas. PTCL traded 35.83 million shares as it closed at Rs 20.67 from its opening at Rs 19.77 gaining 90 paisas. Lafarge Pakistan traded 24.12 million shares and closed at Rs 7.98 as compared to its opening at Rs 7.97 gaining 0.1 paisa. Maple Leaf Cement traded 18.18 million shares as it closed at Rs 21.48 as against its opening at Rs 21.10 gaining 38 paisas.

Daily Times - Leading News Resource of Pakistan

 

[Cyberian]

KSE nears 21,500 pts on Chinese premier’s visit
Thursday, May 23, 2013

Staff Report

KARACHI: The Karachi stock market continued to create history on Wednesday as the visit of the Chinese prime minister to Pakistan raised investors’ hopes for economic assistance to bail the country out of crisis.

The Karachi Stock Exchange (KSE) 100-share index gained 290.90 points or 1.37 percent to close at 21,458.90 points as compared to 21,168 points of the previous session. The KSE 30-share index was up by 204.37 points to close at 16,687 points as compared with 16,482.63 points.

“After abnormal foreign inflow the other day the market continued its bull-run with rising volumes,” said Topline Sec dealer Samar Iqbal. “Once again the volumes crossed Rs 15.3 billion mark mainly led by Pakistan State Oil, Pakistan Petroleum Ltd and Pakistan Telecommunications Company Ltd.”

Second-tier stocks like Lotchem and DCL also witnessed renewed interest by retail investors, she said and added that the visit of Chinese prime minister also boosted investor sentiment.

The market turnover went up by 29.03 percent and traded 572.42 million shares as against 443.63 million shares of the previous session. The overall market capitalisation gained 1.10 percent and traded Rs 5.210 trillion as against Rs 5.153 trillion. Gainers beat losers 218 to 140, while 30 stocks were unchanged.

“Stocks closed at an all-time high led by oil and cement stocks on strong valuations,” said Arif Habib Corporation Director Ahsan Mehanti. “The sentiment remained positive after the new government’s initiatives to deal with economic crisis and energy shortage on war footing.”

Trade remained higher amid bullish sentiments throughout the trading session on renewed foreign interest in oil and banks stocks. Speculations on early resolution of circular debt issues in Pakistan energy sector, expectations for significant developments on resolution for war on terror and improved foreign relations after formation of new government played a catalyst role in the bullish sentiment at KSE despite concerns over fall in rupee-dollar parity and foreign exchange reserves on International Monetary Fund repayments.

The KMI 30-share index gained 551.96 points to close at 36,957.34 points from its opening at 36,405.38 points. The KSE all-share index closed with a rise of 165.86 points to 15,114.60 points as compared to 14,948.74 points of the previous session.

“The energy sector remained in focus as the 100-share index gained another 290 points,” said a dealer at Arif Habib Limited. “PSO, National Refinery and Mari Petroleum closed at their maximum prices of the day due to expectations that their bottom line will improve due to top priority of circular debt on next government’s agenda.”

Lotte Chemical was the volume leader in the share market with 63.15 million shares as it closed at Rs 8.63 after opening at Rs 7.78, gaining 85 paisas. Fauji Cement traded 52.45 million shares as it closed at Rs 12.06 from its opening at Rs 11.76, rising 30 paisas. Dewan Cement traded 33.84 million shares and closed at Rs 7.12 as compared to its opening at Rs 6.28, increasing 84 paisas. KESC traded 32.92 million shares as it closed at Rs 6.92 as against its opening at Rs 6.35, appreciating 57 paisas.

Daily Times - Leading News Resource of Pakistan

 

[Jango]

Pardon my ignorance, but what does the increase of points really mean? What does a point equate to?

 

[Cyberian]

Pardon my ignorance, but what does the increase of points really mean? What does a point equate to?

Market Capitalization (number of stocks traded x their share price) / KSE-100 Index

5.72 million shares
Rs. 5.21 trillion Market Capitalization
KSE-100 Index

That's all what I know.

@Martian2, your pool of knowledge is required please.

 

[Markus]

Market Capitalization (number of stocks traded x their share price) / KSE-100 Index

Thats correct.

(5.72million shares x Rs. 5.21 trillion) / KSE-100

Thats not correct.

That's all what I know.

Thats correct.

 

[Cyberian]

Thats correct.



Thats not correct.



Thats correct.

Go on then elaborate. Is it Rs. 5.21 trillion MC / KSE-100?

 

[Markus]

Go on then elaborate. Is it Rs. 5.21 trillion MC / KSE-100?

KSE-100 Market Capitaization = (No. of outstanding shares for each listed entity) X (Share Price of that particular entity)

Wait!

Actually you were correct, I had mis-read your post.

Congo! You are a pro.

 

[Cyberian]

KSE-100 Market Capitaization = (No. of outstanding shares for each listed entity) X (Share Price of that particular entity)

AND NOT

So what's the value of each KSE-100 basis point?

 

[Markus]

So what's the value of each KSE-100 basis point?

Read my edited post above.

I dont have info on no. of listed cos on KSE, so cant comment on numbers.

 

[Cyberian]

KSE hits 21,502 pts on hopes for electricity output boost
Wednesday, May 29, 2013

Staff Report

KARACHI: The Karachi stock market closed at an all-time high on Tuesday as plans of the new government to sell $5 billion in treasury bills to pay off the power sector’s debt to boost electricity output within its first 100 days in power restored investors’ confidence.

The Karachi Stock Exchange (KSE) 100-share index gained 542.86 points or 2.59 percent to close at 21,501.72 points as compared to 20,958.86 points of the previous session. The KSE 30-share index was up by 501.03 points to close at 16,729.40 points as compared with 16,228.37 points.

“The market saw a new high when it crossed 21,500 points mark for the first time in the history of the country led by foreign buying,” said Topline Sec dealer Samar Iqbal. “Investors are expecting early resolution of energy crisis that will ease build up of circular debt thereby improving liquidity position of energy companies.”

This is the reason heavyweights like Pakistan State Oil (PSO), Oil and Gas Development Company (OGDC) and Pakistan Petroleum Ltd (PPL) witnessed aggressive buying causing the index to increase by more than 500 points, she said and added that foreigners’ favourite MCB Bank also rallied and closed at its upper limit.

The market turnover went up by 29.87 percent and traded 305 million shares as against 234.84 million shares of the previous session. The overall market capitalisation gained 2.29 percent and traded Rs 5.221 trillion as against Rs 5.104 trillion. Gainers outnumbered losers 257 to 107, while 23 stocks were unchanged.

“Stocks closed at an all-time high in the pre-budget rally,” said Arif Habib Corporation Director Ahsan Mehanti. “Institutional interest was witnessed in stocks across-the-board amid higher trades in an oversold market.”

Renewed foreign interest in blue chips, rise in urea offtake data, rising local cement and urea prices and speculations ahead of $15 billion Saudi bailout package to ease circular debt issues in the energy sector played a catalyst role in the bullish sentiment at KSE.

The KMI 30-share index gained 981.22 points to close at 37,084.33 points from its opening at 36,103.11 points. The KSE all-share index closed by gaining 340.82 points to 15,147.25 points as compared to 14,806.43 points of the previous session.

“Bulls reigned supreme at KSE as the 100-share index posted a 59-month highest single day advancement of 543 points,” said Habib Metropolitan Finance Corporation analyst Salman Vidhani. “Such a feat was accomplished previously on June 24, 2008 when the index accumulated 967 points.”

However, overall volumes were considerably thin at 305 million shares compared with average turnover in the current rally. The rally was broad-based as energy stocks led the herd while OGDC and PSO hit the upper price limits.

Dewan Cement was the volume leader in the share market with 43.84 million shares as it closed at Rs 8.44 after opening at Rs 7.52, gaining 92 paisas. Bank of Punjab (R) traded 26 million shares as it closed at Rs 2.42 from its opening at Rs 2.28, increasing 14 paisas. Fauji Cement traded 16.39 million shares and closed at Rs 11.86 as compared to its opening at Rs 11.46, rising 40 paisas. PTCL traded 14.06 million shares as it closed at Rs 21.25 as against its opening at Rs 20.79, appreciating 46 paisas.

Daily Times - Leading News Resource of Pakistan

 

[Cyberian]

KSE up 150 pts on hopes for end to load shedding
Friday, May 31, 2013

Staff Report

KARACHI: The Karachi stock market witnessed yet another historical session on Thursday as Pakistan Muslim League-Nawaz’s assurances to bail the economy out from the current crisis specially load shedding propelled investors to take positions in most of the stocks.

The Karachi Stock Exchange (KSE) 100-share index gained 149.54 points or 0.70 percent to close at 21,590.66 points as compared to 21,441.12 points of the previous session. The KSE 30-share index was up by 75.15 points to close at 16,702.60 points as compared with 16,627.45 points.

“Stocks closed bullish in the pre-budget rally led by oil stocks on strong valuations and renewed hopes for ease in circular debt issues in the energy sector after new government plans Rs 500 billion through treasury bills to deal with the crisis,” said Arif Habib Corporation Director Ahsan Mehanti. “Institutional interest was witnessed in stocks across-the-board amid higher trades in second-tier stocks amid hopes for lower Consumer Price Index inflation for May 2013.”

Renewed foreign interest in blue chips and recovery in global stocks played a catalyst role in the bullish sentiment at KSE amid concerns over political uncertainty.

The market turnover went up by 31.56 percent and traded 637.52 million shares as against 484.56 million shares of the previous session. The overall market capitalisation gained 0.72 percent and traded Rs 5.244 trillion as against Rs 5.206 trillion. Gainers outnumbered losers 258 to 122, while 22 stocks were unchanged.

“The market continued its northbound journey with the energy sector moving the index upwards,” said JS Research analyst Ovais Ahsan. “Nawaz’s comments prioritising the power sector propelled investors to go for buying in companies in the energy chain with Pakistan State Oil (PSO) increasing by 4.0 percent, Oil and Gas Development Company 1.3 percent and Karachi Electric Supply Company 5.7 percent.”

Indus Motors gained 5.0 percent on expectations of a bounce back in sales during this quarter and continued depreciation of the Japanese yen.

The KMI 30-share index gained 303.72 points to close at 37,279.66 points from its opening at 36,975.94 points. The KSE all-share index closed by gaining 109.25 points to 15,213.14 points as compared to 15,103.89 points of the previous session.

“The 100-share index kicked off the day on a sluggish note,” Habib Metropolitan Finance Corporation analyst Bilal Asif. “By mid-day the bulls re-entered the market quite aggressively adding nearly 240 points with oil sector leading the market.”

The volume was slightly lower in contrast with preceding few trading sessions. Finally some current was witnessed in telecom sector where PTCL hit the cap on intra-day basis. PSO once again flew passed its pears after adding nearly Rs 11 per share.

Bank of Punjab (R) was the volume leader in the share market with 83.53 million shares as it closed at Rs 4.16 after opening at Rs 3.16, gaining Re 1. PTCL traded 45.89 million shares as it closed at Rs 21.60 from its opening at Rs 20.91, rising 69 paisas. WorldCall Telecom traded 32.22 million shares and closed at Rs 3.40 as compared to its opening at Rs 3.17, increasing 23 paisas. Telecard Ltd traded 31.46 million shares as it closed at Rs 5.94 against its opening at Rs 5.45, appreciating 49 paisas.

Daily Times - Leading News Resource of Pakistan