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Showing posts with the label Karachi Stock Exchange

Bulls return to KSE

CNews KARACHI: The bulls returned to Karachi Stock Exchange (KSE) Monday as 100-Index gained 139.52 points to close at 10,374.30, a dealer said. The turnover volume was low at 93.853 million shares as prices of 129 scrips sustained losses while 115 recorded gains and 21 remained unchanged. A dealer at a leading brokerage house said that the selling pressure was eased today (Monday) as bulls entered the market and resorted to fresh buying, boosting prices of leading scrips. Although, the Index was close to fall below 10,000 level, the buying spree gave support to the market and Index started moving up gradually. The news that Finance Minister Syed Naveed Qamar will visit KSE Tuesday, gave support to the confidence of investors, he added. The market capitalization was improved by Rs 48.61 billion to Rs 3.244 trillion. NIB Bank was the volume leader with a turnover of 5.989 million shares followed by D G Khan Cement 4.980 million shares, Arif Habib Sec 4.625 million shares, Engro Chemical...

Bearish trend grips KSE; small investors protest

CNews KARACHI: Karachi Stock Exchange on Thursday remained bearish on the sixteenth consecutive day of its ongoing trend as its 100-index bled away by over 400 points. However, at the end of the trading market got a slight positive trend and its benchmark 100-index closed at 10213 points loosing a total of 279 points. It was the lowest of 100-index in seven years. Analysts attributed this ongoing slump to the foreign investors’ sudden siphoning off their funds from the market due unstable political and law and order situation in the country. Meanwhile, the small investors and brokers on Thursday staged violent demonstration at Karachi Stock Exchange against continued bearish trend in the market. Investors smash the glasses of the administration block of KSE, while few protesters also barged into the cabin floor. At least six people were injured during the protest who were immediately rushed to the nearby hospital. Police and Rangers rushed to the KSE on call of administration and cordo...

Investors protest as bearish trend prevails in KSE

CNews KARACHI: Wiped out by the stock market crash, angry protestors break windows and damage banks and brokerage houses as stock prices hit ever new lows and the Karachi Stock Exchange (KSE) -100 loses 435.29 points and trading at 10056. 59 today.  The market is under severe bearish clutch for the fourth day of the trading week in a row. The Benchmark 100-index has sunk to the lowest in seven years as it reached to 10,100 points.  Full Story

Stocks take nose dive to close at 14,673

CNews KARACHI: Stocks at Karachi Stock Exchange plunged across the board on Monday with the benchmark KSE-100 Index sliding by 284 points to 14,673.The trade volume stood low at 180 million shares.Investors at the Karachi Stock Exchange have had a testing time adjusting to new realities such as higher charges for futures contracts and looming taxes in the upcoming budget.But they say that news from the political front proved to be the tipping point today, forcing foreign and local stakeholders alike, to square their positions.Investors were also disturbed by news of an imminent fraud case against former officials of blue chip stock, Bank of Punjab.But experts are quick to point out that this was far from being the only reason for today's sell-off.And given the uncertainty that is prevailing on all fronts small investors are being advised to exercise extreme caution.KSE-30 Index plunged by 361 points to finish at 17,650.

100 Index manages to close positive with 24 points

CNews KARACHI: The local capital market witnessed a mixed trend on Monday, as KSE-100 Index after moving both sides of the fence managed to gain 24 points to close at 13881. Total trade volume stood at 171.64 million shares. The broader market witnessed mixed activity with shares of 150 companies registering gains while prices of 151 scrips suffering losses. KSE-30 Index declined by 39 points to finish at 16477.

Equities fall below 14000 level at weekend

CNews KARACHI: Stocks continued to slide on a second consecutive day Friday and the KSE-100 Index lost 168 points to close below the level of 14000 level at 13915. The share market carried forward Thursday’s hangover and opened in the red zone. The negative trend continued throughout the two sessions at the weekend. At one the 100 Index took a steep plunge by more than 300 points on a rumour of a bomb in the parking lot of Karachi Stock Exchange. However, slight recovery was witnessed towards the end, as market participants learned there was no substance in the reports of bomb threat. The total of 346 scrips were traded on Friday; 215 declined while 103 advanced and 28 remained unchanged. Trade volumes picked up to 256 million shares as compared to 245 million shares traded during the last session. The market analysts believe that short recovery could be seen at the beginning of the next week.

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Country’s fate will be changed with people’s strength: BhuttoMIRPURKHAS: Chairperson Pakistan Peoples Party (PPP), Benazir Bhutto Tuesday said that the strength of the people is much greater than an atom bomb and “we will change the fate of the country” by utilizing this invincible force Addressing a public gathering here, she said a new day will dawn on January 8 on which all atrocities against people will end.She said any attempt to distance the people from PPP would be foiled.“PPP is completely against .... 12 killed in Gaza airstrikesGAZA CITY: Israeli aircraft launched an assault on the radical Islamic Jihad organization from the skies over Gaza, killing the group's overall commander and nine other militants in three fiery strikes ending early Tuesday.A fourth attack on a security post in southern Gaza killed two Hamas militants, that group said.In an e-mail sent to reporters, Islamic Jihad said it would retaliate for its losses with suicide attacks inside Israel, threatenin ....

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Election Tribunals decide all appealsISLAMABAD: Appellate Tribunals Friday completed the hearings regarding acceptance or rejection of nomination papers of the election candidates.The final list of candidates will be issued on Sunday.According to the schedule of Election Commission, the candidates can withdraw their nomination papers on Saturday.In Lahore High Court four Tribunals were constituted for deciding the appeals and about 226 total appeals were filed before the Tribunals o .... Mideast Conference: Betrayal of Palestinians: Al-ZawahiriCAIRO: Al-Qaida's deputy leader denounced last month's Mideast peace conference in Annapolis, as a "betrayal" of Palestinians in a new audio message posted Friday on an Islamic militant Web site. It was the first reaction by the terrorist network to the Mideast conference, sponsored by President Bush and attended by key Arab countries, including Saudi Arabia, Syria and Egypt, as well as Palestinian and Israeli leaders."The ...

KSE-index gains 187 points to 13921 at closing

KARACHI: Karachi Stock Exchange (KSE) bull-run drive continued for the second day in a row, amply demonstrating that the investors were better well informed than those of the intelligentsia blowing gloom and doom, which culminated in the index breaching past the 13,900 marks today after a break of two and a half months.The market opening on a positive note went on upbeat and buoyant all through the day and the KSE-100 shares index surged by 187 points to close at 13921 points.Turnover today exceeding over 40 million shares as compared yesterday aggregated to 350 million shares.Volume leader OGDCL shares price rose by Rs2.55 to close at Rs121.05. D. G. Khan Cement shares price increased by Rs0.25 and Arif Habib Securities by Rs1.85 to close at Rs113.90 and Rs142.35 respectively. KSE-30 index swelled up by 272 points reached at 17048. Analysts predict that the market could leap beyond the 14,000 marks in the days to come

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