Pakistan stock mkt.... in complete dooldrums

[blueazure]

@BHarwana where are you ...Our resident expert...OP is saying market is going down ...We need your opinion

i believe you can check that for yourself

https://dps.psx.com.pk/

Only when a large portion of public has invested in stock.

But when 95%+ population doesn't invest in stock then it's not the reflection of the economy.

PSX mkt cap was around 80bn USD when index was 44k ( thats a quarter of our economy mkt cap incl the black economy )

falling equities generally indicate the economy direction,,

 

[Verve]

i believe you can check that for yourself

https://dps.psx.com.pk/




PSX mkt cap was around 80bn USD when index was 44k ( thats a quarter of our economy mkt cap incl the black economy )

falling equities generally indicate the economy direction,,

Again, economy health can't be gauged by participation of less than 5% of the population.

 

[blueazure]

Again, economy health can't be gauged by participation of less than 5% of the population.

40 bn has left the system ,,,, im not sure its a good sign

 

[Verve]

40 bn has left the system ,,,, im not sure its a good sign

40bn is a small amount in undocumented economy.

 

[valkyr_96]

True. But as a market technician who follows Elliot Wave Theory (growth theory) and the Wyckoffian model (Smart Money) I look at things differently. The PSX has five key features as mentioned by RNE which can allow a trader to record and chart wave patterns. The Stock Market is a good reflection of the economy since it reflects human behaviour (business). By volume decreasing a third on the daily is a telltale sign the smart money has no interests and would rather risk their investment elsewhere. These things occur, economies like businesses are cyclical.

You can look at it which way you want all of it is mumbo jumbo pseudo-science. As I have said PSX is not a good reflection of the economy because it precisely does not reflect (the collective) human or business behavior. There was a new piece on the government creating a PSX support fund. This has been done before and is just one more way of skewing the equation.

 

[Sharky]

Very bad, very sad.

 

[AZADPAKISTAN2009]

as a regular trader in psx, i can confirm the following ;-


1. index ( the cumulative market cap of companies ) aka the 'money' in the stock mkt has been falling since aug 18' . index is hovering around 31k support from the 45k level last year in august

to summarize , money is exiting the system .

2.volumes are at an all time low

trade volume, ( the number of stock being traded daily ) was around 250 - 300 million per day in 2017 .

its barely 100 million these days . foreign buying is non existant


reasons= inflation, dollar hike, uncertainty



mkt is in firm bear grip and is expected to fall another 4-5k points to settle around 25k .

could be a good buying time if we are left with any economy so as to speak

@blueazure I wish I could do some stock trading in PSX how can people do it from overseas


When I open a account in betting site I can put a bet on sports game in few hours
can I open a investment stock-trading account from over seas?

Ease of access to trading is also important

Pakistani Financial Side is struggling because people with money can't do business easily with Pakistan


I need a system to register an account in 20 minutes and have a running account may be 1 day delay for submission of documents for checks but 1 days should be it to open online account to do any trading in Pakistan , while living abroad


NORTH AMERICA ( I THINK)

In North America their are some indirect indexes
https://www.msci.com/market-classification


MSCI Emerging Index however I have not gone that route yet they only invest in few selected companies may be 8-10 companies vs any company of my choice

https://finance.yahoo.com/quote/PAK/holdings?p=PAK

Their is no money going in other companies because their stock is not part of major index which foreign based Pakistani can buy few stocks in every week


Pakistan's 74% focus is on Agriculture and not 1 company is from AGRICULTURE SECTOR



Normally you have option to invest in sectors

• Banking
• Insurance
• Oil and Gas
• Electricity Companies
• Manufacturing
• Food Manufacturing
• Food Franchises
• Sports Companies
• IT companies
• Ship building Sector
• Dams / Water / Solar Plants Management companies
• Steeles Sector
• Railways
• Airlines & Aviation

If you give me option for 6-7 companies I have no interest in why would I invest in such a index ?

What I need as investor

• I need options
• I need quick account creation
• I need quick withdrawal back to my foreign country when I make profit

PSX made this fantastic site but they did not explain how a average Pakistani can open trading account (Local Pakistan / Foreign Pakistani)
https://psx.com.pk/




Pakistan Banao Certificate banaya to , 5,000 Dollar Limit Rakh di , people don't have 5,000 lying around every week overseas people invest 100/150 dollar range every 2 week

 

[Rasengan]

You can look at it which way you want all of it is mumbo jumbo pseudo-science. As I have said PSX is not a good reflection of the economy because it precisely does not reflect (the collective) human or business behavior. There was a new piece on the government creating a PSX support fund. This has been done before and is just one more way of skewing the equation.

You can call it mumbo jumbo pseudo-science, but those models are making me money and they have stood the test of time for more than a hundred years. Richard Wyckoff was a millionaire during his lifetime, he collected the investment philosophies of some of the biggest market operators of his time (Rockerfella, Rothschild, JP Morgan, Carnegie and so forth. How the market functions is derived from his three laws. Furthermore, the PSX is a good reflection of the economy because the price action is following the wave structure as mentioned by RNE. Therefore, human behaviour (which is the business sentiment of the country) can be reflected in the PSX market. This is my personal opinion you are more than welcome to disagree with it. To each their own I suppose.

 

[Jango]

40 bn has left the system ,,,, im not sure its a good sign

Where has it gone then?

 

[AZADPAKISTAN2009]

Well the sector by sector performance is not their because their is culture of Profit hiding and most of the companies are Private limited who make / hide profit in Pakistan

• Banking
• Insurance
• Oil and Gas
• Electricity Companies
• Manufacturing
• Food Manufacturing
• Food Franchises
• Sports Companies
• IT companies
• Ship building Sector
• Dams / Water / Solar Plants Management companies
• Steeles Sector
• Railways
• Airlines & Aviation

Where are Pakistan's Sports Good Manufacturing Companies ? in this index

Where are the 20-25 Banks operating making Profit in Index ? See 2 banks only

Where are Electric companies who make Millions in Profit ?

Who is managing all new Power plants ? Dams ? Solar plants ?

Where is Pakistan Railways ? Stocks

Where is Pakistan International Airlines ? Stocks

Where is Pakistan Steeles Mills Stocks ? Stocks

Where is Bahria Town's Shares ? Oh wait they are private as well

Where are companies doing Marble Export for Pakistani Marble ?

Where are companies doing export of Mangoes and Fruits to Middle East ?

Where are Textile companies of Pakistan on Index ?

Where is Mangoe Trade Companies , Fruit Trade companies , Vegetable trade companies?

 

[BATMAN]

I Think PTI and their allies are making the most money out of the plight of pakistani people.

They are only continuing the legacy of their mirror image parties like MQM,PMLn,PMLq,PPP and JI and JUIF.

They are all one family against people of Pakistan

Ruling bastards are making money out of people's plight.
They all are the worst of scums.

 

[El Sidd]

Ruling bastards are making money out of people's plight.
They all are the worst of scums.

They are helping out former looters escape

 

[blueazure]

@blueazure I wish I could do some stock trading in PSX how can people do it from overseas

DM me . ill explain


you need to open account with a brokerage here

Where has it gone then?

people have cashed out . converted to dollars mostly . hidden in homes .

money is there, its just not in the 'system '