Posted: September 20th, 2011 | Author: StockPK Team | Filed under: News | Tags: Karachi Stock Exchange, KSE
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Investor interest in oil and power sectors after news that the government is considering issuing bond to settle the pending circular debt issue helped the Karachi stock market to close in the green zone.
Analysts said the turnover was very thin owing to act of terrorism in the city, creating panic among investors.
The Karachi Stock Exchange (KSE) 100-share index gained 3.18 points or 0.03 percent to close at 11,356.64 points as compared to 11,353.46 points at the close of previous week. The KSE 30-share index also gained 16.92 points to close at 10,933.67 points as compared with 10,916.75 points.
Posted: September 14th, 2011 | Author: StockPK Team | Filed under: News | Tags: Karachi Stock Exchange, KSE
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The Karachi stock market witnessed a bullish trading session on Tuesday on account of institutional buying.
The Karachi Stock Exchange (KSE) 100-share index gained 83.79 points or 0.75 percent to close at 11,264.43 points as compared to 11,180.64 points of the previous session. The KSE 30-share index also increased 83.92 points to close at 10,795.47 points as compared with 10,711.55 points. The KMI 30-share rose 81.97 points to close at 20,322.29 points as against 20,240.32 points. The KSE all-share index closed with a gain of 55.31 points to 7,829.44 points after opening at 7,774.41 points.
Posted: September 9th, 2011 | Author: StockPK Team | Filed under: News | Tags: KSE
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The Karachi stock market witnessed a firm trading session on Thursday as strong recovery in global stocks and commodity markets and increase in local power tariff boosted investor confidence.
The Karachi Stock Exchange (KSE) 100-share index gained 18.65 points or 0.16 percent to close at 11,348.42 points as compared to 11,329.77 points of the previous session. The KSE 30-share index increased 41.32 points to close at 10, 936.48 points as compared with 10,895.16 points. The KMI 30-share rose 102.96 points to close at 20,539.42 points as against 20,436.46 points. The KSE all-share index closed with a gain of 13.56 points to 7,881.51 points after opening at 7,867.95 points.
Posted: September 6th, 2011 | Author: StockPK Team | Filed under: News | Tags: Karachi Stock Exchange, KSE
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The Karachi stock market observed a bullish trading session on the first trading day of the week Monday on renewed foreign interest in fertilizer and bank scrips.
Analysts said political stability after expected government alliance with key coalition partner was the major reason for the positive trend.
“Stocks closed higher at KSE on renewed institutional and foreign interest in an oversold market led by blue chips – fertilizer and bank scrips,” said Arif Habib Investments Ltd Director Ahsan Mehanti. “Sentiment remained positive on political stability after expected government alliance with key coalition partner.”
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Posted: August 24th, 2011 | Author: StockPK Team | Filed under: News | Tags: Karachi Stock Exchange, KSE
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The Karachi stock market remained under the bearish spell on Tuesday due to a strike call by the Muttahida Qaumi Movement (MQM) to mourn the rising violence in the city affecting investor sentiment negatively.
The Karachi Stock Exchange (KSE) 100-share index declined by 51.89 points or 0.48 percent to close at 10,842.26 points as compared to 10,894.15 points. The KSE 30-share index gained 3.71 points to close at 10,394.79 points as compared with 10,391.08 points.
“Stocks closed broadly lower amid thin trade in the earnings announcements session at KSE,” said Arif Habib Investments Ltd Director Ahsan Mehanti. “Strike call by MQM to mourn the rising violence in the city affected the sentiment at KSE.”
Posted: August 19th, 2011 | Author: StockPK Team | Filed under: News | Tags: Karachi Stock Exchange, KSE
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The Karachi stock market faced a bearish trading session on Thursday as concerns over heightened violence and security measures in the city triggered panic selling.
The Karachi Stock Exchange (KSE) 100-share index shed 141.43 points or 1.25 percent to close at 11,128.52 points as compared to 11,269.95 points of the previous session. The KSE 30-share index decreased 151.39 points to close at 10,618.82 points as compared with 10,770.21 points.
Analysts said other major factors that influenced the market negatively included fall in Asian markets on global growth worries and debt crises in eurozone.
From: Dailytimes
Posted: August 17th, 2011 | Author: StockPK Team | Filed under: News | Tags: Karachi Stock Exchange, KSE
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The Karachi stock market observed a firm trading session on Tuesday as the approval of increase in margins of oil marketing companies (OMCs) by the Economic Coordination Committee of the Cabinet propelled investors to take positions in the oil sector.
The Karachi Stock Exchange (KSE) 100-share index gained 67.65 points or 0.61 percent to close at 11,233.75 points as compared to 11,166.10 points of the previous session. The KSE 30-share index increased 81.19 points to close at 10,749.86 points as compared with 10,668.67 points.
Posted: August 13th, 2011 | Author: StockPK Team | Filed under: News | Tags: Karachi Stock Exchange, KSE
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The Karachi stock market closed slightly lower on the last trading day of the week Friday after witnessing substantial gains during intra-day trade due to recovery in global stock markets. However, the gains were short-lived as investors went for profit-taking.
The Karachi Stock Exchange (KSE) 100-share index shed 2.91 points or 0.03 percent to close at 11,262.04 points as compared with 11,264.95 points of the previous session. The KSE 30-share index gained 47.89 points to close at 10,768.60 points as compared to 10,720.71 points.
Posted: August 12th, 2011 | Author: StockPK Team | Filed under: News | Tags: Karachi Stock Exchange, KSE
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The Karachi Stock Exchange (KSE) has extended the suspension period of 25 companies for another 60 days, effective from August 11, 2011 on the directives of Security and Exchange Commission of Pakistan (SECP).
According to KSE, the action has been taken to protect the interest of trade and public.
These companies are Rashid Textile Mills Ltd, Siftaq International Ltd, Fazal Vegetable Ghee Ltd, Pak Ghee Industries, Sadoon Textiles Mills, Extraction Ltd, Valika Woolen Mills, Medi Glass Ltd, Mineral Grinding Mills, Abson Industries, Saif Nadeem Kawasaki Motors, Prudential Stocks Fund, Quality Steel Works, English Leasing Ltd, First Dadabhoy Modaraba, Sunshine Cotton Mills, Taxila Engineering, Qayyum Spinning, Hakkim Textile Mills, Suraj Ghee Industries, McDonald Layton and Co, Hallmark Insurance, Ittefaq Insurance Prudential Discount and Guarantee House and Kashmir Polytex Ltd. app
Posted: August 10th, 2011 | Author: StockPK Team | Filed under: News | Tags: Karachi Stock Exchange, KSE
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The Karachi stock market fell more than 3.2 percent on Tuesday closing at an almost nine-month low after stocks plunged around the world on US rating downgrade by S&P and fears of global economic recession.
The Karachi Stock Exchange (KSE) 100-share index shed 369.25 points or 3.24 percent to close at 11,034.92 points as compared to 11,404.17 points of the previous session. The KSE 30-share index also lost 407.97 points to close at 10,407.25 points as compared with 11,815.22 points.
Analysts said that fear that foreigners can also sell their Pakistani shares because of the continuous decline in regional markets forced investors to dump their shares.
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