Karachi Stock Market News

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14,016
2008-01-31 22:56:00
Another day of lacklustre volumes and sluggishness at the Karachi Stock Exchange. Engro Chemical was the top scorer on the board with 16.6 million shares traded of a total 98.7 million. The next upward resistance remains at 14,100. Dividends : Fauji Fertilzer (FFC) : 35% Cash . EPS : 10.86Fauji Fertilizer Company (FFC) has recorded net ...

13,989
2008-01-30 22:47:00
The Karachi Stock market opened up and made an intra-day high of 14,088. Unable to sustain its gains it closed down at 13,989. The total volume traded today was relatively lower at 107.8 million. A close above 14,080 would lead towards 14,300. Downside support is 13,800. Board Meetings : Fauji Fertilizer will announce its results 2moro. Upper ...

14,009
2008-01-29 23:27:00
The Karachi stock market opened up, finally pulled its finger out and broke 14k, and closed above it at 14,009. Arif Habib Securities was the top volume of the day with 25.1 million shares traded. The KSE-100 index has closed above its 30 DMA and and is headed towards 14,100. Dividends : Arif Habib Ltd : ...
More About: Banks

13,880
2008-01-29 01:37:00
The Karachi Stock market made a high an intra-day high of 13,931 and closed up at 13,880. Volumes were lower than usual with 121.3 million shares traded and the most stocks are sluggish except those with announcements due in the next few days. It seems that most people are sitting on the fence for the ...
More About: Dividends

13,880
2008-01-28 22:37:00
The Karachi Stock market made a high an intra-day high of 13,931 and closed up at 13,880. Volumes were lower than usual with 121.3 million shares traded and the most stocks are sluggish except those with announcements due in the next few days. It seems that most people are sitting on the fence for the ...
More About: Dividends

13,856
2008-01-27 23:13:00
Finally the KSE-100 index managed to sustain its gains and closed up at 13,856 on Friday. NIB Bank was the flavour of the day with a relatively huge volume of 58 million shares traded. The next upside resistance is 13,900 -14,050 and downside support is at 13,700. News :  Pak-American Fertiliser, Pakistan’s largest urea producing factory ...
More About: Fertilizer , Cement

13,719
2008-01-25 00:22:00
The KSE-100 index seems to open up and then either fizzle out or go down at the moment. An intra-day high of 13,836 led to closing down  at 13,719. The market seems to be struggling, barring the odd few stocks. Downside support looks to 13,570. Don’t lose sight of the Vaseline jar. Dividends : FFBL : ...

13,719
2008-01-24 23:22:00
The KSE-100 index seems to open up and then either fizzle out or go down at the moment. An intra-day high of 13,836 led to closing down  at 13,719. The market seems to be struggling, barring the odd few stocks. Downside support looks to 13,570. Don’t lose sight of the Vaseline jar. Dividends : FFBL : ...

13,787
2008-01-23 23:36:00
The Karachi Stock market opened up with a gap making a high of 13,902 and then slowly fizzled out to end closing up at 13,787. Arif Habib Ltd hit another all time high closing at its upper limit of 378.55 . With 4 consecutive upper caps and its result on the 29th, it seems fairly ...

13,759 - More panic selling
2008-01-22 23:15:00
Global panic selling took its toll on the KSE-100 index which opened over 250 points down and then slowly recovered to close down at 13,759. Arif Habib Ltd closed at its highest close to date at its upper limit of 360.55 and traded its highest ever volume of 5 million plus shares. Markets got another ...
More About: Selling , Panic

13,850 - Global markets plunge in panic selling
2008-01-21 23:18:00
The KSE-100 index opened up with a gap and made a high of 14,065. Then at around midday it slid downward into the red based on pressure from regional & European markets, which were plunging on panic selling, and close down at 13,850. Asian and European  markets got fucked shapeless today in panic selling on ...
More About: Selling , Markets , Global , Panic

13,874 - a little bounce
2008-01-20 23:29:00
Friday’s market saw the KSE-100 index dip down to 13,577 and then bounce back up to recover in the 2nd session  closing up at 13,874. PTCL was the flavour of the day with 31 million shares traded. The next upward resistance is 14,050. News : The government is considering increasing petroleum prices from February 1, ARY ...
More About: Bounce

13,624 - Downward spiral
2008-01-17 00:40:00
The KSE-100 continued its downward spiral as world markets and the oil price tumbled further today on US recession fears. The market has dropped by 425 since monday and 2moro’s Friday show could bugger it further downwards. Total volume was lower today with 113 million shares traded.The next downside support is 13,600, followed by 13,300. ...
More About: Cement

13,846
2008-01-16 00:20:00
The Karachi Stock market got bashed along with most other markets today, closing down at 13,846. The market has closed below its 30 & 50 DMA’s and downside support is from 13,800-600. Keep the Vaseline handy. News :  The UK-based Innovative Investment Bank would initially invest $15 million which would increase further substantially in future. Its ...
More About: Banks

14,056.58
2008-01-15 23:11:00
The KSE-100 index made a high of 14,118 and then fizzled out to close 14,056. Arif Habib Securities was the flavour of the day with 19.2 million shares traded. Arif Habib Ltd & JSCL once again closed at their all time highs, hitting their upper limits at 326.30 & 1,323 respectively. News : Oil prices slumped ...

Dividends, Bonuses & Results for January 2008
2008-01-15 01:12:00
Jahangir Siddiqui & Co. : 159.74% Bonus : 14th Jan
More About: Results , Dividends , January , January 2008 , 2008

14,049
2008-01-14 23:41:00
After a dip down to 13,852 , the KSE-100 index revovered and rose to an intra-day high of 14,084, closing up at 14,049. Arif Habib Ltd  closed at its all time high at 310.80 today, as well as Jahangir Siddiqui & Co. at Rs.1260. The market is still below its 30 DMA, having closed above its 50 DMA today. Upward resistance is from 14,200-300 and downside sees 13,800-700. This evening’s bomb in Karachi will possibly take the market down again. News : The South Asian Federation of Exchanges (Safe) has signed a joint marketing agreement with Dow Jones Indices Inc, New York, for launching the first ever index, covering prominent companies listed on the major exchanges like Karachi Stock Exchange (KSE) and Bombay Stock Exchange (BSE)…as a part of the agreement, Dow Jones Indices would construct and publicise an index to be known as "Safe-Dow Jones Index" after collecting both live trading data and historical price data from the member exchanges of the South ...

13,915 - more downside
2008-01-13 23:46:00
Friday saw the KSE-100 index slide further downwards, and at one stage dipping down to -340 points on some bullshit rumour of a bomb at the Stock Exchange. The market recovered to close down at 13,915. While there could be a pullback towards 14,100, the sentiment appears to negative at the moment. Further downside support ...

Board Meetings in January 2008
2008-01-11 01:24:00
Fauji Fertilizer Bin Qasim (FFBL) : Jan.24th
More About: Board Meetings , Board , January , Meetings , January 2008

14,083
2008-01-10 23:01:00
The Karachi Stock market made a high of 14,320 and then tumbled downwards on the news of a bomb blast in Lahore. It closed down at 14,083. Arif Habib Ltd closed on its all time high at 307.55 with an intra-day high of 317.80. The market could see more downside with 2moro’s Friday show. The ...

14,267
2008-01-09 23:48:00
The KSE-100 index made a high of 14,370 and closed down at 14,267.  Attock Petroleum closed at its all time high of Rs.629 with an intra-day high of 634.90. The market appears to be slightly struggling at these levels and volumes are shrinking. Downside support is 14,200-100. News : None worth mentioning. Upper Caps : Arif Habib ...

14,324
2008-01-08 23:45:00
The Karachi Stock market opened up and stayed positive all day. It made an intra-day high of 14,360 and closed up at 14,324. NIB Bank was the flavour of the day with 28.8.million shares traded. The market looks to be continuing towards 14,500. News : The Textile industry, the largest sector having a 65 percent share ...
More About: Textiles

14,163
2008-01-07 23:07:00
The KSE-100 index corrected down to 14,090 after a high of 14,280 and recovered to close down at 14,163. Upward resistance is 14,300-500. News : Importers on Monday raised the price of di-ammonium phosphate (DAP), an essential crop nutrient, by Rs 400 per 50-kilogramme bag on the back of soaring international prices, market sources said. They ...
More About: Banks , Fertilizer

South Asian Federation Exchanges Index (SAFE Index)
2008-01-06 22:45:00
The first initiative of South Asian countries to develop an integrated financial sector is to materialise in shape of South Asian Federation Exchanges Index (SAFE Index).The SAFE Index is going to be launched within few months as basic framework is already completed and Dow Jones and SAFE Index are about to sign an agreement on ...
More About: Safe

14,259 - some recovery !
2008-01-06 21:03:00
The KSE-100 index has truly been a rollercoaster ride in the last 6 sessions. The market has gone from 14,7772 down to 13,335 and back upto Friday’s close of 14,259 in the last week, with a record loss and and a record gain for a single session. There appears to be some stability now and ...
More About: Recovery , Banks

13,996
2008-01-03 23:58:00
The KSE-100 index set a record today with the highest ever gain in a session, rising 643 points. While there have been falls of 500-600 points before, one has never seen a screen full of upper caps like today. Various factors like the confirmation of the new election date, the 2 parties acceptance of it, ...
More About: Fertilizer

13,353 - further downside
2008-01-02 19:02:00
The Karachi stock market opened up and made a high of 13,778. It then slowly went down and in the last half hour got bashed down to 13,353, due to some baseless rumours. The market is now down by 1,418 points (9.6% ) in the last 3 sessions and should be ripe for a pullback ...
More About: Cement

13,666 - More slaughter
2008-01-01 11:36:00
The KSE-100 index continued its downward slide, making a low of 13,481 before a marginal recovery to close at 13,666. Total volume increased considerably compared to yesterday, with 193.6 million shares traded. The market has fallen 1,105 points (7.4%) in the last 2 sessions and there could be some pullback towards 14,100. A lot depends ...
More About: Banks , Slaughter

14,077 - 2007 ends in carnage.
2007-12-31 19:40:00
As expected, the KSE-100 index was royally buggered out of shape today, with practically all the stocks hitting their lower limits at the open. The graph shows a flatlined market with a meagre 39.3 million shares traded and a fall of 694 points. Overall the Karachi Stock market is up 4037 points from its last ...
More About: Ends , Carnage

Market Closed
2007-12-28 09:16:00
The Karachi Stock Exchange will remain closed today.
More About: Market , Closed