Karachi Stock Market NewsKarachi Stock Market NewsA blog providing daily updates on the Karachi Stock Market, with news, company dividend information and KSE-100 index movements. The rollercoaster of a day trader's dream /nightmare riding the KSE-100 index. Articles
9,678
2008-08-06 23:59:00 The KSE-100 index slid further downwards today on selling based on the "new" political agenda of the pathetic coalition govt.’s announcement to impeach P.Mush. The market has now fallen nearly 6,000 points since its all time high of 15,676 on April 18th, about 38%. At a time when the rupee is hitting newer lows and ... More About: Dividends
10,042
2008-08-05 17:43:00 The Karachi Stock market’s opening was delayed this morning as a meeting was being held to discuss whether the index would be frozen at 9500 and other emergency market issues. As expected the SECP refused to freeze the market at 9,500 and the market dipped down to 9,556 and recovered rapidly towards the close to ... More About: Dividends
9,853 ? 10k breaks ? mkt at 21 month low
2008-08-05 00:55:00 The KSE-100 index rose to make a high of 10,282 and then got raped again down to a low of 9,739 and closed down at 9,853. The market swung a total of 543 points from its high to its low and has closed at its lowest close since Dec.22nd 2006. Its seems that the Rs.5 ... More About: Breaks , Month
10,171
2008-08-04 00:34:00 Once again the KSE-100 index got gangbanged on Friday and closed down at 10,171 ( the lowest close since Jan.4th 2007 ) . While the market seemed to be on the right track after the interest rate announcement on the 29th , Thursday and Friday saw a slide of 680 odd points to bring us ... More About: Dividends
Board Meetings for August 2008
2008-08-03 23:26:00 Hub Power Co. (HUBCO) : 5th Pakistan Petroleum Ltd (PPL) : 6th Nestle Pakistan Ltd (NESTLE) : 7th Shell Pakistan ltd. (SHEL) : 11th Packages Ltd. (PKGS) : 21st Kot Addu Power Co. (KAPCO) : 28th More About: Board Meetings , Board , Meetings , August , 2008
10,853
2008-07-30 23:59:00 As expected, the KSE-100 index shot up today closing 404 points up at 10,853. Despite the 400 point rise, volumes were relatively low with 87.6 million shares traded. The 1% interest rate hike was within market expectations and no further hikes in the CRR & SLR were seen as positive. Now that the uncertainty of ... More About: Oil , Dividends , Cement
10,448 - Interest rate hiked by 100 bps
2008-07-29 16:22:00 The Karachi Stock market dipped down to 10,255 and recovered to close down at 10,448. The monetary policy has been announced (see article below ) which removes any future uncertainty from the market. The market should go up once the interest rate hike has been absorbed, however a close below 10,400 will be negative for ... More About: Interest , Rate , Interest Rate
10,578
2008-07-29 00:47:00 The KSE-100 index got hammered today on investors’ fears of another interest rate hike due to be announced 2moro. The market fell 453 points to close down at 10,578. It could fall further depending on the amount of the interest rate hike, the bigger the hike, the greater the fall. Be prepared with large jars ... More About: Oil
11,156
2008-07-25 00:26:00 The KSE-100 index made a high of 11,173 , then dipped down to 10,979 and close up at 11,156. Total volume traded today was 111.9 million shares, still on the low side. Arif Habib Securities was the flavour of the day with 12.6 million shares traded. The market has closed above its first resistance of ...
11,041
2008-07-24 00:02:00 Another positive day at the Karachi Stock Exchange with the market making a high of 11,141 and closing up at 11,018. The market seems to have met resistance at 11,100 and needs to close above it for its next move to 11,400-700. Oil has dropped further down to $125 and hopefully will continue to fall ... More About: Banks
10,784
2008-07-22 14:25:00 The Karachi Stock market opened up and stayed positive all day, closing at 10,784. The market rose in anticipation of the Finance Minister’s visit this afternoon . He announced that the EMOF would be Rs.20 billion and would be managed by NIT. Also mentioned that the Govt. would work with the SBP to have a ... More About: Oil
10,374
2008-07-22 00:19:00 After another dip down to 10,057, the KSE-100 index finally closed up with a reasonable gain of 140 points at 10,374. The Government has finally woken up to realize that the market has gone down nearly 35% in the last 3 months. This has resulted in a visit from the SBP governor at the KSE ... More About: Dividends
10,212 - end of the current carnage ?
2008-07-17 16:22:00 The KSE-100 index has been bludgeoned by relentless selling this week and closed down at 10.212, the lowest close since Jan. 8th 2007. The market has lost 965 points in the last 4 trading sessions, about 9% . Finally there were several people rioting at the bourses breaking windows in protest of there being no ... More About: Current , Carnage
11,177
2008-07-15 00:11:00 As expected the Karachi Stock market got badly fucked, as the lower limit was opened to 5% today and the market fell by 518 points. Volumes were on the low side with 49.3 million shares traded, not much different from July 9th when the lower cap was 1% and 50 million shares were traded. Certain ...
11,695
2008-07-14 00:36:00 Friday saw the week ending with the KSE-100 index closing down yet again, at 11,695. After Friday’s meeting of the SECP & the stock exchanges, it has been decided that the locks will revert to their normal 5% up or down as of July 14th. Short selling will be allowed in the August futures contract ...
The Equity Market Opportunity Fund (EMOF)
2008-07-11 03:03:00 The Securities and Exchange Commission of Pakistan (SECP) has issued tentative regulations for Equity Market Opportunity Fund (EMOF) worth Rs50 billion which will be injected into the fast falling capital market to stabilise it in bad days…Next meeting on the fund formation is scheduled to be held on July 16th. The tentative regulations were made ...
11,773
2008-07-11 00:30:00 After yesterday’s volume of 50 million, the market resumed its previous low volume, trading only 10.5 million shares. The market remained down the whole day and in the last 2-3 minutes jumped up by 60 odd points on heavy buying in HBL. The outlook for 2moro looks the same till there is some clarification on ... More About: Oil
11,796
2008-07-10 00:05:00 The KSE-100 index actually went into the green zone a couple of times today, the first time in many days. The rapid (but long overdue ) support measures by the SBP on halting the rupee’s slide and yesterday’s news of a Rs. 50 billion market fund being talked about , seemd to be positive catalysts ... More About: Oil
11,813
2008-07-09 00:17:00 More of the same today as the Karachi Stock market closed down yet again , despite a marginal increase in volumes to 18.9 million shares traded. Oil got a good hammering today and was down by $5. The rupee got fucked further and closed at 72.80 News : The Securities and Exchange Commission of Pakistan (SECP) ...
11,878 - a sliding rupee
2008-07-07 22:48:00 The KSE -100 index slid further downwards today with relatively higher volumes of 13.4 million shares traded. Bank Alfalah’s volume of 4.476 million shares traded today was higher than the total volume of shares traded on Friday. The horizon looks bleaker as the rupee had an enormous slide today(2.5%) closing at 71.80 to the dollar, ... More About: Rupee
Board Meetings for July 2008
2008-07-06 23:59:00 Fauji Fertilizer Bin Qasim (FFBL) : 17th More About: Board Meetings , Board , Meetings , July , 2008
11,961
2008-07-06 22:39:00 As expected the market closed down again on Friday and traded another incredibly low volume of 4.1 million shares. The next week could see another replay of this one with daily lower caps and negative closings unless by some miracle there is some good news. The SECP are meant to review the new measures on ...
12,035
2008-07-03 22:12:00 More low volume trading saw the KSE-100 index post its 5th consecutive negative close today. Only 9 million shares were traded. The ruppee hit a new low today and nearly crossed Rs.70 to the dollar. Its seems likely that there will be another negative close 2moro being the end of the week and no positive ... More About: Oil , Fertilizer
12,126
2008-07-03 00:06:00 Another day of piteous low volumes with the KSE-100 index trading only 11.9 million shares. The market has closed down for the fourth consecutive session and has lost 326 points since Thursday. The only solace here is that prior to the new measures with a 1% downside , the current four session loss would have ...
12,221
2008-07-01 22:28:00 The Karachi Stock market displayed more of the same today with most stocks hitting their lower caps. There was some activity in OGDC which closed up marginally and PSO which closed at 428.79, up Rs.11.55. Volumes increased compared to yesterday with 40.8 million shares traded. Whether the rest of the market opens up from its ... More About: Dividends , Cement
12,289 - lowest volumes in many years !
2008-06-30 22:55:00 The KSE-100 index traded only 7.3 million shares today, the lowest volume of shares traded for many years. It closed down at 12,289. While oil keeps shooting up and regional markets are getting buggered as well, the horizon appears gloomy for the moment. News : The Securities and Exchange Commission of Pakistan (SECP), in the best ... More About: Years , Volumes
12,353
2008-06-29 11:51:00 On Friday the KSE-100 index traded its lowest volume in some time with only 20.9 million shares traded. Weekend selling pressure took the market down to close at 12,353 and most stocks closed at their lower limits. Despite the support from the SECP’s new measures to stabilize the mkt. this week, the outlook still remains ...
12,452
2008-06-26 22:41:00 The KSE-100 index made a high of 12,609 and closed at 12,452. As expected yesterday, there were quite a few lower caps and the market cooled off today with some profit taking. There could be some weekend selling 2moro as well. Oil shot up over $140 based on a weak dollar and irresponsible remarks from ... More About: Banks
12,430
2008-06-25 17:08:00 The Karachi Stock market continued its rise making a high of 12,499 and closed up at 12,430. The market has jumped up 1268 points in the last two sessions and there could be some lower caps creeping in, in a day or two. Volumes have increased with 192.7 million shares traded today. News : The ...
12,122 - Short selling banned for one month
More articles from this author:2008-06-24 17:10:00 The new measures imposed by the SECP this morning saw the KSE-100 index soar to an all time daily gain of 960.50 points, the highest ever one day gain in the history of the Karachi Stock Exchange. The new rules will provide temporary relief from the " bleeding rectum syndrome " for most investors for ... More About: Selling , Oil , Short Selling , Short , Banned 1, 2, 3, 4, 5, 6, 7 |
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