KSE-100 breaks record in intraday trading

Discussion in 'Pakistan' started by farhan_9909, Nov 2, 2012.

  1. farhan_9909

    farhan_9909 Tihar Jail Banned

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    KARACHI: Trading activity picked up momentum on the penultimate trading day of the current week: the index continued to accumulate points and managed to breach the 16,000 points psychological barrier for the first time in history, before profit-taking eroded gains to see it close with more modest gains. Meanwhile, nearly $6.1 million in foreign investment was channelled into the market by foreign investors.

    “The stock [market] closed at its highest amid higher trades, led by cement and oil sector stocks, on [the back of] rising global commodities,” commented Arif Habib Corp analyst Ahsan Mehanti. “The intraday historic high was followed by institutional profit-taking on reports of falling rupee-dollar parity ahead of repayments to the International Monetary Fund due this month, and higher import bills for the National Exchequer.”

    The Karachi Stock Exchange’s (KSE) benchmark 100-share index gained 0.33% or 52.26 points to close at the 15,962.37 points level. Trade volumes climbed to 189 million shares compared with Wednesday’s tally of 136 million shares. The value of shares traded during the day was Rs4.73 billion.

    “Increased participation was seen from both individual and institutional investors,” added Topline Securities equity dealer Samar Iqbal, “as investors think that lower inflation will force the central bank to further reduce the policy rate.”

    Shares of 376 companies were traded on Thursday. At the end of the day 183 stocks closed higher, 150 declined while 43 remained unchanged.

    Maple Leaf Cement was the volume leader with 25.14 million shares gaining Rs0.99 to finish at Rs10.13. It was followed by Fauji Cement with 11.30 million shares gaining Rs0.04 to close at Rs6.44 and Azgard Nine with 9.13 million shares gaining Rs0.16 to close at Rs7.13.

    “Investor sentiments toward leveraged stocks were boosted on the expectation … [that a] decline of 36-41 basis points (bps) in Treasury-bill cut-off yields has created room for a 50bps cut in the next monetary policy announcement,” reported JS Global analyst Mujtaba Barakzai.

    Foreign institutional investors were net buyers of Rs580.00 million, according to data maintained by the National Clearing Company of Pakistan Limited.

    Published in The Express Tribune, November 2nd, 2012.


    Market watch: KSE-100 breaks record in intraday trading – The Express Tribune
     
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  3. Blackwater

    Blackwater Veteran Member Veteran Member

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    All black money routed back through dubai invested in KSE:taunt::taunt::taunt:
     
  4. trackwhack

    trackwhack Tihar Jail Banned

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    Pakistan has a functioning stock exchange?
     
  5. farhan_9909

    farhan_9909 Tihar Jail Banned

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    ignorism aside

    is declared the best performing stock exchange of asia in july


    last year only 10k points now crossed 16k

    economy growing with 4.7%(q1)

    india only 4.9% :(
     
  6. Blackwater

    Blackwater Veteran Member Veteran Member

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    yes ignorism , u r ignoring the fact in post no.2 , like 180 million pakistanis
     
  7. Blackwater

    Blackwater Veteran Member Veteran Member

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  8. Singh

    Singh Phat Cat Administrator

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    What is the market cap of KSE-100 like ?
     
  9. Blackwater

    Blackwater Veteran Member Veteran Member

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    just 39 billion$$:taunt::taunt::taunt:
     
  10. Singh

    Singh Phat Cat Administrator

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    39 billion $, that's it ?
    BSE and NSE both are over a trillion dollars
     
    spikey360 likes this.
  11. farhan_9909

    farhan_9909 Tihar Jail Banned

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    should i start posting negative news about india which are now posted in dozens as our chinese friends do?

    every single thing of indian economy is on decline.even last month fdi shrinked by 42%
    export in sept by 11%

    while export here increased by 17% in sept..
     
  12. farhan_9909

    farhan_9909 Tihar Jail Banned

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    after 5 years our economy is getting on track again

    *Export (overall) is increased
    *inflation further decreased by .4%
    *CPI decreased
    *Q1 growth enhanced by 1% to 4.7%
    *trade deficient also decreased by decreasing import and because of increased export

    the reason behind this thread is that our economy is getting better.
    though one cant expect a direct miracle
    bt indeed it is getting better
     
  13. Blackwater

    Blackwater Veteran Member Veteran Member

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    khusaaamdeed

    please
     
  14. Blackwater

    Blackwater Veteran Member Veteran Member

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    can u pls shed some light on overall exports pak is doing.???
     
  15. farhan_9909

    farhan_9909 Tihar Jail Banned

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    kash ma teri tarah farigh hota

    neither i am obssesd with india like your with Pakistan
     
  16. Blackwater

    Blackwater Veteran Member Veteran Member

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    ur half population is jobless (farigh):cool2::cool2:

    anyhow still waiting for ur articles
     
  17. farhan_9909

    farhan_9909 Tihar Jail Banned

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    check out the unemployment rate of india and pakistan
     
  18. farhan_9909

    farhan_9909 Tihar Jail Banned

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    the reason your in EUROPE

    no jobs
     
  19. Blackwater

    Blackwater Veteran Member Veteran Member

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    yes in Europe doing better than Pakistanis who are doing labour jobs here in Europe lolllllll
     
  20. farhan_9909

    farhan_9909 Tihar Jail Banned

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    so what?

    mehnat ki kamaye
     
  21. Blackwater

    Blackwater Veteran Member Veteran Member

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    do number illegal mahanet ki kamai:p:p:p
     

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