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
11,162
2008-06-23 15:51:00 The KSE-100 index got reamed again today and fell another 493 points down to 11,192. The last time the market closed at these levels was March 19th 2007. Fortunately some measures have finally been taken to support the market as of 2moro. While it may be a liitle too late for some, these measures should ...
11,665 - KSE-100 index loses 10% in a week !
2008-06-22 17:29:00 The Karachi Stock market finished the week on Friday closing at 11,655, its lowest close since April 6th 2007. The market got rammed downwards by nearly 10%, losing 1286 points in a week. In the future it could be referred to as the " June 2008 crisis " and it has certainly cut off most ... More About: Week , Index
11,870 ? 12k breaks !
2008-06-19 17:30:00 The KSE-100 index got gang-banged today, making a low of 11,704 and closing 390 points down at 11,870. This was predominantly due to a rumour circulating, regarding doubling the price of CVT. The market is on a very weak footing with all kinds of uncertainty, political and financial, therefore the slighest cough or fart unleashes ... More About: Banks , Dividends , Breaks
12,261
2008-06-18 17:51:00 The Karachi Stock market got another bashing today and closed down at 12,261. There was heavy selling in banks and cements and across the board in general. The market could go down to 11,800 if support at 12k doesn’t hold. PPL Board Meeting 2moro. Market Low : 12,241 High : 12,519.13 Market Close : 12,261.06 – 236.80 ... More About: Board Meetings
12,444 - a good bashing
2008-06-16 17:28:00 The KSE-100 index got hopelessly fucked out of shape today with a steady downward slide leading to close at 12,444, nearly 500 points down. Apparently foreign selling, political uncertainty and the Pak-Afghan border situation were to blame, along with all banks getting shafted based on an article in the newspapers re : withdrawal of all ... More About: Banks , Good
12,941
2008-06-15 17:03:00 Friday saw the KSE-100 index close down at 12,941, mainly due to a wait & see approach to the results of the " Long March " over the weekend. The " Long March " was a total waste of time and a criminal waste of money at a time when we are being taxed to ... More About: Cement
NCCPL to launch entire CFS Mk-II on July 14th
2008-06-13 17:21:00 The National Clearing Company of Pakistan Limited (NCCPL) has announced the launch of entire CFS Mk-II, with all CFS Mk-II eligible securities, effective from July 14, 2008 while the existing CFS market will be available till July 11, 2008…. Aaj News The Category ‘A’ securities eligible for CFS Mk-II market include : Allied Bank LimitedArif Habib Bank ... More About: Entire , Launch
13,025 - The Budget 2008-09
2008-06-12 17:52:00 The KSE-100 index opened up and made a high of 13,167 . Unable to sustain the gains it dipped and finally closed at 13,025. Aside from the fertilizer sector’s increased DAP subsidy, and no adjustment on refinery/OMC margins, the budget had really fuck all impact on the market. News : The Budget 2008 -09 can be ... More About: Fertilizer
12,878
2008-06-10 17:49:00 Another volatile day at the Karachi Stock Exchange with the index dipping down to 12,685 and recovering to close at 12,878. The jitters will continue till the Budget is announced. News : The Saudi government has finally agreed to provide Pakistan crude oil worth $4.82 billion on soft terms,… a highly crucial Saudi oil facility of ...
12,908
2008-06-09 17:10:00 The KSE-100 index got bashed down below 13k today on predominantly pre-budget jitters. Even oil’s enormous rise on Friday could not sustain the index in the green. Despite clarity on CGT being exempted till 2010, expect a rocky ride until all is revealed in the budget on 11th and thereafter digested. News : Dalton Strategic ...
13,089 - KSE-100?s record gain
2008-06-04 18:06:00 As expected after yesterday’s news re: CGT exemption , the KSE-100 index opened up with its biggest erection ever and closed up with a record 610 points, the biggest gain in terms of points in the history of the Karachi Stock market. More About: Record
Capital Gains Tax exemption till 2010
2008-06-04 00:22:00 Suttabhai will be back to blogging full time from Monday 9th June. While May 2008 has proved to be the most disastrous month for the KSE-100 index in recent times, with the market getting gang-banged from 15,122 to 12,130, the news that CGT has been deferred for 2 years along with no change in CVT should ... More About: Capital , Capital Gains , Capital Gains Tax
Suttabhai on holiday
2008-05-05 03:02:00 As of today, posting will be sporadic, verging on non-existent for the next month or so. Suttabhai will be in the islands on holiday ! More About: Holiday
14,956 ? 15k breaks !
2008-05-05 00:51:00 Friday saw the KSE-100 index fall further and finally close below 15k at 14,956. The market has weakened over the last few days registering a drop of 522 points in the last 3 sessions. Uncertainty is a killer of markets and the uncertainty over the restoration of the judges hasn’t helped this market along with ... More About: Banks , Breaks
15,122 - a good bashing
2008-05-02 00:25:00 Wednesday saw the KSE-100 index fall further down to a low of 15,078 and closed down at 15,122 based on uncertainty on the judges issue. Petrol prices have been increased by Rs.3 for the next 15 days effective as of today. Oil has fallen down to $112. The market has closed lower than its 30 ... More About: Dividends , Good
15,317 - short lived gains
2008-04-30 00:15:00 The KSE-100 index ended the result season with a bang today, closing down at 15,317, based on the failure to resolve the judicial issue. The stupidest politician in the history of Pakistan has rushed to Dubai to continue with talks to try and resolve the issue before the "deadline " 2moro. While his party threatens ... More About: Dividends , Short , Lived
15,479 - the tick size changes
2008-04-29 00:25:00 The KSE-100 index opened up and made a high of 15,594 > The market was unable to sustain its gains and closed up at 15,479. BOP was the flavour of the day with 17.9 million shares traded. The tick size (the minimum price change) has been changed to day from 0.05 to 0.01 . The ... More About: Banks , Dividends , Size , Tick
15,434 - some pullback and the Blame Game
2008-04-28 00:21:00 On Friday the KSE-100 index dipped further down to a low of 15,225 and then recovered to 15,400. In the 2nd half the market opened and dived down a 100 points in a few seconds (see the graph). This was due to the announcement that the "March 2005 Crisis " issue was to be probed ... More About: Banks , Dividends , Game , Blame Game , Blame
15,304 - even more correction
2008-04-25 00:06:00 The Karachi Stock market has gone full circle since April 10th when the KSE-100 index was 15,304. Adamjee Insurance and Packages posted absymal results with Adamjee’s net profit declining by over 600% and Packages much worse! The market has been sliding downwards with the ruppee’s current weakness, and the new Govt. farting about trying to ... More About: Dividends , Cement
15,470 - more correction
2008-04-24 00:59:00 The KSE-100 index experienced a further correction today wth a low of 15,324 and closed down at 15,470. The Bank of Punjab was the volume leader today with 18.5 million shares traded. It could well be the end of the correction with the market rising back up 2moro. Dividends : Soneri Bank Ltd: EPS : 077 Engro ...
15,543 - a correction
2008-04-23 02:21:00 The KSE-100 index finally corrected today with a low of 15,481 and closed down at 15,543. Oil nearly touched $120 today. Dividends : Pak Oilfields : EPS : 27.51 Attock Refinery : 25.22 Pakistan State Oil (PSO) reported a 293 percent rise in its net profit for the first nine months of the 2007/08 financial ...
15,543 - a correction
2008-04-23 00:21:00 The KSE-100 index finally corrected today with a low of 15,481 and closed down at 15,543. Oil nearly touched $120 today. Dividends : Pak Oilfields : EPS : 27.51 Attock Refinery : 25.22 Pakistan State Oil (PSO) reported a 293 percent rise in its net profit for the first nine months of the 2007/08 financial ...
15,654
2008-04-22 02:08:00 The Karachi Stock market was sluggish today with very low volumes of 131 million shares traded. There was also a technical fault which led to the market being suspended for 50 minutes. (see the flat line in graph ). The market made a new intra-day high of 15,739 and closed down at 15,654. It seemed ... More About: Dividends
15,654
2008-04-22 00:08:00 The Karachi Stock market was sluggish today with very low volumes of 131 million shares traded. There was also a technical fault which led to the market being suspended for 50 minutes. (see the flat line in graph ). The market made a new intra-day high of 15,739 and closed down at 15,654. It seemed ... More About: Dividends
15,676 - heading for 16k ?
2008-04-20 17:18:00 The KSE-100 index is scaling new peaks daily as Friday saw a new intra-day high of 15,700 and the market closing at a record high of 15,676. Nishat Mills was the flavour of the day with 21.3 million shares traded. 15,700 is considered to be a major resistance level and a successful break and close ... More About: Dividends , Heading
Board Meetings for April 2008 - II
2008-04-18 01:54:00 Maple Leaf Cement (MLCF) : 18th Lucky Cement (LUCK) : 19th Kot Addu Power Co. (KAPCO) : 22nd Pakistan Oilfields Ltd (POL) Attock Refinery Ltd (ATRL) Fauji Fertilizer Bin Qasim (FFBL) : 23rdHabib Bank Ltd (HBL) Bank Alfalah Ltd (BAFL) : 5 pm Packages Ltd (PKGS) : 24thPakistan Petroleum Ltd (PPL) Bosicor Pakistan (BOSI) Nishat Mills (NML) Unilever ... More About: Board Meetings , April , Board , Meetings , 2008
15,622 - another new high
2008-04-17 23:42:00 After its flat close yesterday, the Karachi Stock market shot up to make an new intra-day high of 15,664 and ended up on its 3rd consecutive record close at 15,622. Nishat Mills was the top scorer of the day with 23 million shares traded. Engro Chemical has closed on another record high at 373.75 and ... More About: Dividends , High
15,540
2008-04-17 00:21:00 The KSE-100 index made a new intra-day high of 15,637 and closed marginally up at a new high of 15,540. Engro Chemical was the main man in terms of volume with 22 million shares traded. It made a record close at 368.20. Oil crossed $115 today. Dividends : The profit after tax of Attock Petroleum ...
15,538 - another new high
2008-04-16 00:42:00 After a shaky close yesterday, the KSE-100 index continued its upward climb with a high of 15,560 and closed at another record high of 15,538. POL was the top dog in terms of volume , trading 20.7 million shares out of a relatively low total of 141.8 million today. Closing at 402.5 , it’s POL’s ... More About: Banks , Dividends , High
15,437
More articles from this author:2008-04-15 00:40:00 A choppy ride on the Karachi Stock market today, with the KSE-100 index moving in a narrow band, from a low of 15,372 to an intra-day high of 15,483 and closing marginally up at 15,437. BOP was the " flavour " of the day with 20.5 million shares traded, another stock that has been seriously ... 1, 2, 3, 4, 5, 6, 7 |
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