Mixed activities witnessed at Karachi Stock Exchange (KSE) on the last trading day of the week as it ended with minor losses as investors went for booking profits owing to deteriorating security situation in the country.
The benchmark KSE 100 Index inched down 9.82 points or 0.11% to close at 9,59.18 levels, KSE 30-Index lost 20.48 points to finish the day at 9,662.87, wheareas KSE All Share Index marginally went down by 4.05 points to end at 6,513.12 levels.
Further eleborated that limited foreign interest, global equity markets uncertainties, high leverage cost and limited availabilty of leverage financing remained major concerns for investors througout the session despite strong results announcements in insurance, banking & cement sectors.
Trading activities started in the green zone with 32 points up, thereafter marekt remained in the positive zone throughout the first session but investors participation remained on the lower side. Index at one stage touoched its intraday high of 9,256 points plus 87 points , however some profit booking witnesed during the last one hour of the first session as investors were worried over the law and order situation in the country. Second session was not different story as index managed to stay in the positive zone increasing its gains and stayed positive during the major part of the session.
Friday, October 30, 2009
EU shares log biggest monthly drop in 8 months
London Eupropean share sharply fell on Friday with a key index recording its biggest monthly decline in eight months as financial stocks lost heavily on mixed US economic data a day after better than expected GDP numbers. The pan European FTS Eurofirst 300 index of top shares provisinally closed down 2.3% at 974.45 points.
The index, which is up more than 51% from its lifetime low in early March, fell 2.3% in October. The index had gained in the previous three months.
The index, which is up more than 51% from its lifetime low in early March, fell 2.3% in October. The index had gained in the previous three months.
Nikkei up 1.5pc on US data
Japan's Nikkei average rose 1.5% on Friday buyoed by shares of tech companies with improved earnings prospects such as Pioneer Corporation, while exporetrs climbed on data showing the US economy had returned to growth.
The close of the Nikkei and the broader Topix was delayed due to probelsm with the close of one share - Fasting Retailing operator of the Uniqlo casual closthing chain and one of the most popular stocks on the main board.
In moderate trade, the benchmark Nikkei climbed 143 points to 10,034.75 a day after it finished at a three week low below 10,000. The index's close was priced more than 40 minutes after the regular closing time.
The close of the Nikkei and the broader Topix was delayed due to probelsm with the close of one share - Fasting Retailing operator of the Uniqlo casual closthing chain and one of the most popular stocks on the main board.
In moderate trade, the benchmark Nikkei climbed 143 points to 10,034.75 a day after it finished at a three week low below 10,000. The index's close was priced more than 40 minutes after the regular closing time.
China, Hong Kong shares gain on upbeat results
Shares in Hong Kong/Shanghai bounced on Friday as solid earnings from top Chinese lenders pushed banks up, while China's remark about stricking to its loose monetary policy lifted overall sentiment.
China's key stock index rose 1.2% on Friday and posted a 7.8% gain for october boosted by solid earnings and an upbeat economic outlook.
The benchmark Hang Seng Index rose 2.29% its biggest one-day gain in six weeks. For the week the index was donw 3.7%, its biggest weely drop sine Jute, but for the month of index was up 3.8%, its second montlhy gain Industrial & Commercial Bank of China advanced 3.45%, while Bank of China gained 5.77% after both reported a jump in quarterly prifit.
China's key stock index rose 1.2% on Friday and posted a 7.8% gain for october boosted by solid earnings and an upbeat economic outlook.
The benchmark Hang Seng Index rose 2.29% its biggest one-day gain in six weeks. For the week the index was donw 3.7%, its biggest weely drop sine Jute, but for the month of index was up 3.8%, its second montlhy gain Industrial & Commercial Bank of China advanced 3.45%, while Bank of China gained 5.77% after both reported a jump in quarterly prifit.
Indian shares post worst monthly loss in a year
Mumbai INdian shares fell 7.2% in October 09 and logged their biggest monthl fall in a year, after they closed 1% lower on Friday as investors gave a thumbs down to results from some key corporates such as Reliance Ind. & Bharti Airtel.
Top mobile operator Bharti Airtel tumbled 6.4% to 292.15 rupees, as it gave a downbeat due to a nasty price war after posting its slowest pace of profit growth in at least six years.
The 30-share BSE Index closed 0.97% or 156.44 points lower at 15,896.28, after rising to as much as 16,360.88 points in early trade, cheered by a rise in global markets, as data showed United States retunred to economic gorwth. Foreign funds have infused around $ 14.4 billion in Indian equities so far this year which have led to a rise of nearly 65% in the benchmark.
Top mobile operator Bharti Airtel tumbled 6.4% to 292.15 rupees, as it gave a downbeat due to a nasty price war after posting its slowest pace of profit growth in at least six years.
The 30-share BSE Index closed 0.97% or 156.44 points lower at 15,896.28, after rising to as much as 16,360.88 points in early trade, cheered by a rise in global markets, as data showed United States retunred to economic gorwth. Foreign funds have infused around $ 14.4 billion in Indian equities so far this year which have led to a rise of nearly 65% in the benchmark.
US Stocks at Midday, Wall Street dips as oil, tech drag, but AIG Soars
New York US STocks slipped on 29/10/09 with energy shares falling alongside oil prices as investors tapped the brakes on an August rally that has taken the market to 10 month highs.
Analysts have pointed to light summer volume and caution over a potential pullback as the reason for the market's lackluster performance this week.
Analysts have pointed to light summer volume and caution over a potential pullback as the reason for the market's lackluster performance this week.
Thursday, October 29, 2009
Research Analyst on 30/10/2009 (Karachi Stock Exchage)
KSE Market can rally in the coming days riding corporate results of the listed companies, visit of Hillary Clinton and continued foreign buying which can push the main index in the range of 9,800-9,900 levels. Market has been bottom out and investors can do accumulation in banking, E&P and fertiliser sectors. After a slight negative start today market may finish up amid a bullish run.
Nikkei hits 3 Week closing low below 10,000
Tokoy-Japan's Nikkei average sllid below 10,000 to a three week closing low on 29/10/2009 as a strong yen hurt exporeter shares and weak US dat renewed worry about global economic growth sparking a broad sell-off on Wall Street Jpan Airlines rose nearly 3% on news that transport minster Seiji Machara would breif about plans to revive the struggling carrier after the close on 29/10/09.
Indian shares log worst close in nearly 8 weeks
Mumbai Indian shares continued to fall for the 4th day in a row, and closed 1.4% lower in volatile trade on 29/10/09 to their worst close in nearly 8 weeks, pulled down by weakness in world equities on concerns over global growth. The 30-share BSE index closed 1.42% or 230.77 points lower at 16,052.72 with 22 of its components declining.
China, Hong Kong at Multi Week Lows; Banks Oil Fall
Shares in Hong Kong and China finished at mult-week lows on 29/10/09 with Chinese banks hit by worries about a possible interest rate rise in the mainland, while Nine Dragons Paper slumped on its plan to issue new shares.
China's key stock index dropped 2.34%, weighed down by banking stocks amid worries over a possible exit from the governmnet's loose monetary policy after Norway's interest rate increase. The benchmark Hang Seng index slid 2.28% or 496.59 points to 21.264, its lowest in more than three weeks.
China's key stock index dropped 2.34%, weighed down by banking stocks amid worries over a possible exit from the governmnet's loose monetary policy after Norway's interest rate increase. The benchmark Hang Seng index slid 2.28% or 496.59 points to 21.264, its lowest in more than three weeks.
Wednesday, October 28, 2009
Research Analyst on 29/10/2009 (Karachi Stock Exchage)
Due to current law and order situation in the country, market is expected to show volatile activities in the coming days, Levels are still attractive at Karachi Stock Exchagne (KSE) and those investors who have liquidity should gradually accumulate in the scrips whose financial year ends in Dec 09 while those copanies which were not part of the recent rally oil, gas, banking & fertilizer sectors can also prove to be fruitful, peaceful law and order situation in the country, corporate results and continued foreign buying would be supportive elements for the market. Market is likely to wintess positive trading activities today.
Peshawar blast shockwave hits Karachi Stock Exchange
Bears extended their stay at Karachi Stock Exchange (KSE) on October 28, 2009 where market shed over 63 points to end below 9,300, levels on selling pressure due to blast in Peshawar after a promising start in the morning.
The benchmaark 100-index declined by 63.85 points or 0.69% to end at 9,251.84 levels 30-index plunged by 74.87 points or 0.76% to close at 9,754.62 levels, whereas all share index shed 39.88 points or 0.60% to finish the day at 6,753.75 levels.
Market from the begining stayed in greet zone as better result expectation dominated the rally expectation dominated the rally, which in later session was materialised as all major companies posted above expectation profits. But later in the session blast in Peshawar followed by selling pressure in regional markets restricted investors to adopt wait and see strategy.
Market started on a positive noted ad soon index touched its intraday high of 9,364 points positive 49 points. Thereafer marekt showed some mixed activities where it remained inthe positive zone for most of the time as good corporate results and continued foreign buying supported the market. However, blast in Peshawr invited selling pressure which send the index deep into the red zone where at about negative 77 points.
The benchmaark 100-index declined by 63.85 points or 0.69% to end at 9,251.84 levels 30-index plunged by 74.87 points or 0.76% to close at 9,754.62 levels, whereas all share index shed 39.88 points or 0.60% to finish the day at 6,753.75 levels.
Market from the begining stayed in greet zone as better result expectation dominated the rally expectation dominated the rally, which in later session was materialised as all major companies posted above expectation profits. But later in the session blast in Peshawar followed by selling pressure in regional markets restricted investors to adopt wait and see strategy.
Market started on a positive noted ad soon index touched its intraday high of 9,364 points positive 49 points. Thereafer marekt showed some mixed activities where it remained inthe positive zone for most of the time as good corporate results and continued foreign buying supported the market. However, blast in Peshawr invited selling pressure which send the index deep into the red zone where at about negative 77 points.
Indian shares slip; banks, reliance fall
Mumbai: Indian shares edged 0.4% lower on 26-10-2009 to thier lowest clsoe in more than two weeks, mainly pulled down by continued weakness in energy major Reliance Industries and as investors booked profits in select stocks.
China shares up supported by earnings
Chans's key stock index edged up 0.06% on 26-10-2009 with blue chips firmer on expectations of upbeat earnings while health-related shares rose and travel share sank after the United States declared HINI flu a national emergency.
The shanghai ccomposite index ended at 3,109.560 points, after posting its highest closed in ten weeks.
The shanghai ccomposite index ended at 3,109.560 points, after posting its highest closed in ten weeks.
Karachi Stock Exchange Gains 2.44PC on Plus Results
Karachi Stock Exchagne (KSE) started the fresh week amid plus activities & the most in a month after some share out performed i.e. Habib Bank Limited & Nestle Pakistan Ltd, analysts earnings estimations the main index gained almost 200 points here on 26-10-2009.
Market analysts that the most of the corporate results are either coming in line or beating the analysts estimation. This positive start se the tone for the rest of the day where local funds and offshore investors looked busy in buying activities which helped the main index to stay in the green zone all day long. where at one stage towards the end, it touched the intraday highest level.
Market analysts that the most of the corporate results are either coming in line or beating the analysts estimation. This positive start se the tone for the rest of the day where local funds and offshore investors looked busy in buying activities which helped the main index to stay in the green zone all day long. where at one stage towards the end, it touched the intraday highest level.
Tuesday, October 27, 2009
Islamabad Stock Exchange (ISB) Pakistan
Islamabad Stock Exchange is one of the three stock exchanges of Pakistan. It was incorporated on October 25, 1989 and it became fully operational on August 10, 1992. Islamabad Stock Exchange
Lahore Stock Exchange (LSE) Pakistan
The Lahore Stock Exchange is the 2nd largest stock exchange of Pakistan. We are dynamic and emerging market with large number of listed companies and state of the art technology. We provide a transparent, fair and geographical independent trading environment to attract retail investors.
The Karachi Stock Exchange (KSE) (Pakistan)
The Karachi Stock Exchange is a stock exchange located in Karachi, Sindh, Pakistan. Founded in 1947, it is Pakistan's largest & oldest stock exchange.
Karachi Stock Exchange is the biggest and most liquid exchange and has been declared as the “Best Performing Stock Market of the World for the year 2002”. As on December 31, 2007, 654 companies were listed with the market capitalization of Rs. 4,329,909.79 billion (US $ 70.177) having listed capital of Rs. 671.269 billion (US $ 10.880 billion). The KSE 100 Index closed at 14075.83 on December 31, 2007.
KSE has been well into the 6th year of being one of the Best Performing Markets of the world as declared by the international magazine “Business Week”. Similarly the US newspaper, USA Today, termed Karachi Stock Exchange as one of the best performing bourses in the world.
About Stock Exchange
Stock Market is a private or public market for the trading of company stock and derivatives of company stock at an agreed price; both of these are securities listed on a stock exchange.
The 'stock market' denotes to the market that enables the trading of company stocks (collective shares), other securities, and derivatives.
The stocks are listed and traded on stock exchanges which are entities either a corporation or mutual organization specialized in the business of bringing buyers and sellers of stocks and securities together.
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