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
9,184 - short selling banned
2008-09-26 00:28:00 The KSE-100 index traded less an one million shares today! It seems a total waste of time to keep the market open at the moment, but at least the "floor" has been kept and will be reviewed in mid-October. Short selling has been banned for the October future contract. The market will be closed for ...
9,253
2008-09-15 00:58:00 There is hardly anything worth writing about at the moment with a market that trades 9.6 million shares and moves 9 points ! Therefore unless there is some newsworthy item or an important dividend, there won’t be many posts until after Ramzan.
9,279
2008-09-09 16:08:00 A lacklustre day at the Karachi Stock Exchange with only 7.6 million shares traded. It seems the market was waiting for the result of today’s meeting re: continuing the 9,144 "floor" for the KSE-100 index. Wisely, it has been granted to continue until the next review on September 25th as removing it at the moment ...
Away till 8th Sept.
2008-08-28 18:14:00 There will be no more posts until Monday 8th Sept . as Suttabhai is going to the mountains and will have no net access.
9,144
2008-08-28 00:43:00 Foreign selling and margin calls led to the KSE-100 index getting yet another bashing today with a low of 8,999 and closing down at 9,144. The market has been fucked shapeless in the last few sessions with prices on the board that one hasn’t seen for years. Apparently the KSE held an emergency meeting to ... More About: Dividends
9,430
2008-08-27 00:32:00 The KSE-100 index sunk even lower today with the market making a low of 9,384 and closing down at 9,430. It is the lowest close of the year (so far ) and the market is down nearly 1500 points (13.6%) since last Tuesday ! Investor confidence has been further shattered by the news of the ...
9,813 - Coalition Govt. splits
2008-08-25 15:38:00 The Karachi Stock market fell further today , making a low of 9,741 and closed down at 9,813. Arsehole Nawaz has announced today that he would part ways with the coalition and that his party will sit in the opposition. All he has done in the last 5 months has been confrontational and is holding ... More About: Dividends , Coalition , Govt
9,993
2008-08-25 00:22:00 Friday saw the KSE-100 index fall lower down to 9,907 and then recover to close at 9,993. The week was a rollercoaster ride which saw the index make an intra high of 11,061 and then close down below 10k again. The market will continue to be unstable as political uncertainty will continue, the coalition might/will ...
10,236
2008-08-22 00:19:00 The Karachi Stock market opened down and at one stage recovered to a high of 10,542. Then it got bashed down to a low of 10,207 and closed at 10,236. The market might consolidate around 10k 2moro. Dividends : Lucky Cement : EPS : 9.84 ICI Pakistan : 25% Cash : 7.09 Pakistan Refinery Ltd : 14.28% ...
10,525
2008-08-21 00:06:00 The KSE-100 index experienced more than a correction as the recent 1000 point bubble was popped on the news that the Gov. is indecisive on the judiciary restoration once again. The market fell down to a low of 10,483 and close at 10,525. Friday is now the "new" deadline for more news on the matter. ... More About: Dividends
10,919
2008-08-20 04:15:00 The market opened up and made a high of 11,061 and closed lower at 10,919 after some profit taking set in. Volumes were relatively higher with 147.1 million shares traded. The KSE-100 index has now risen over a 1000 points in the last 3 days and could well correct 2moro. It appears that Nawaz, like a ...
10,719 - President Musharraf resigns
2008-08-19 00:08:00 The KSE-100 index shot up to 10,719 on the news that President Pervez Musharraf finally resigned in the closing minutes of the market. The erection in the graph in the last 20 mins shows an increase of some 200 points. P.Mush’s resignation has removed the uncertainty factor for the market, which could well continue going ... More About: Dividends , President Musharraf
10,258
2008-08-18 00:58:00 Friday’s close saw the KSE-100 index ignoring the sliding rupee and zooming up to close at its high of 10,258. The perception that there will soon be some clarity amidst all the current political uncertainty, led the market upwards. That immediate clarity will only come from the resignation of P.Mush which at the moment is ...
Board Meetings for August 2008 - II
2008-08-17 21:54:00 Soneri Bank Ltd (SNBL) : 18th Indus Motors Co. Ltd (INDU) : 19th Oil & Gas Development Company Ltd (OGDC ) : 20th Allied Bank Ltd. (ABL) Packages Ltd. (PKGS) : 21st ICI Pakistan (ICI) Pakistan Refinery Ltd. (PRL) Lucky Cement (LUCK) Muslim Commercial Bank Ltd (MCB) : 22nd Arif Habib Bank Ltd (AHBL) : 23rd Kot Addu Power ... More About: Board Meetings , Board , Meetings , August , 2008
KSE-30 Index recomposed from 15th August
2008-08-14 02:43:00 The Karachi Stock Exchange (KSE) has carried out the exercise of re-composition of KSE-30 Index for the review period from January 1, 2008 to June 30, 2008. The recomposed KSE-30 index will be implemented from August 15, 2008. Inclusions : Azgard Nine Limited + Arif Habib Ltd + Netsol Technologies Ltd + Pervez Ahmed Securities Ltd Exclusions ...
Market Closed
2008-08-14 02:34:00 The market will be closed today as its a public holiday for Independence Day . Not much to celebrate at the moment. More About: Market , Closed
9,902
2008-08-14 00:45:00 The Karachi Stock market dipped down to its support level of 9,700 and then recovered to close at 9,902. The rupee has fallen even more today and that is not helping the market, nor the economy. In fact nothing is helping the market or economy thanks to our fucked up government who has no clue ...
9,963
2008-08-13 00:10:00 The KSE-100 index opened up and made a high of 10,250, it then dipped down to a low of 9,848 and recovered to close down at 9,963. Profit taking, a bomb blast and an even weaker rupee saw the market close lower. Greazy Z has backtracked on his remark in the recent Sunday Times article ... More About: Dividends
10,171 - Moody?s rating for Pakistan remains at B2.
2008-08-11 18:02:00 The KSE-100 index continued upwards to make a high of 10,240 and closed up at 10,171. The market got the boost from the fact that Moody ’s didn’t downgrade their rating on Pakistan . The next upward resistance is 10,500 News : Moody’s will maintain its rating for Pakistan despite political and economic problems country is facing, a ...
9,909
2008-08-11 00:19:00 Friday saw the KSE-100 index dip down to 9,583 and then recover to close up at 9,909. Heavy support and buying from the EMOF took the market up along with the news that some of the bigger companies have expressed an interest in buying back their shares given the current incredibly low & attractive prices. ... More About: Banks
9,707
2008-08-08 00:27:00 The Karachi Stock market opened and dipped down to 9,469, a new intra-day low for 2008. It then recovered making a high of 9,816 and closed marginally up at 9,707, just above its support level. At the moment, there is no point in further bellyaching about what the current hopeless govt.’s latest desperate move of ... More About: Dividends
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
More articles from this author: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 ... 1, 2, 3, 4, 5, 6, 7 |
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