Pakistani stocks up; rupee firms; o/n rates unchanged

KARACHI: Pakistani stocks ended higher on Friday, as investors accumulated energy sector shares following a rise in international oil prices, dealers said.

The Karachi Stock Exchange’s benchmark 100-share index . KSE ended 0.39 percent, or 47.63 points, higher at 12,377.77.

Turnover fell to 102.6 million shares from 111.86 million traded on Thursday.

“The increase in international oil prices helped the KSE-100 index to close 50 points up,” said Samar Iqbal, a dealer at brokers Topline Securities.

Dealers expect a steady market in the coming days, despite the hit to sentiment from the government’s decision to maintain a capital gains tax on individual investments in the budget for the fiscal year 2011/12 (July-June), announced last week.

In the currency market, the rupee PKR= ended at 85.68/71 to the dollar, firmer than the previous day’s close of 85.73/77 because of a lack of import payments.

The rupee hit a record low of 86.50 last month, and dealers said the local unit may face some pressure in the days ahead due to increased demand for dollars for import payments.

In the money market, overnight rates remained at the top level of 13.90 percent, unchanged from previous day’s close amid tight liquidity in the interbank market.

KSE starts week with bullish trend

Karachi Stock Exchange (KSE) on Monday showed positive trend as KSE 100-index crossed 11,900 points.

The market opened the day on a positive node. Leverage products caused a huge investment in the market. Due to an increase in fertilizer prices the fertilizer sector remained active during the trading. However, share trading did not show an active growth and the 100- index closed the day on 11,900 points and. Share prices of DG khan cement remain at the top with an increase of 30 paisas and its value reached Rs 30.26.

KSE crosses 11,700 points level

Bullish trend was witnessed at the Karachi Stock Exchange (KSE) on Tuesday. KSE 100-index crossed level 11,700 points.

The business started positively and shares crossed barrier of 11,700 poits. Oil and banking shares witnessed brisk activity. At the end of day, KSE 100-index crossed at 11, 672 with an increase of 75 points.

KSE: Future counter interest rises to Rs. 1 billion

At the end of business week, the open interest rates of future counter of Karachi Stock Exchange has risen to Rs. 1 billion after an increase of Rs. 6.6 million, trendpk.com. reported on Sunday.

The rise in the future counter was 7% while the spread of the future counter shrinked by 85 basis points to reach 8.07%. Inspite of increased business activities in ready market the volume of futures reduced by 32% to reach 4.8 million shares.

Shares of PSO, POL, MCB, NBP, ENGRO and Nishat Mills remained prominent while their combined share in the open interest remained 73%.

Pakistani stocks end lower; rupee firms; o/n rates down

KARACHI: Pakistani stocks ended lower on Tuesday as local investors booked profits at higher levels ahead of the monetary policy announcement next week after the market ended on a 28-month high the previous day, dealers said.

The Karachi Stock Exchange’s benchmark 100-share index .KSE ended 0.31 percent, or 34.75 points, lower at 11,171.09.

Turnover rose to 154.97 million shares, compared with 113.32 million shares traded on Monday.

“After a huge run up yesterday the market took a breather and local institutions were sellers and the KSE-index is likely to stay under some pressure ahead of the monetary policy announcement,” said Asad Iqbal, chief investment officer at Faysal Asset Management Ltd.

The monetary policy is due to be announced on Nov. 29 for the next two months and dealers said investors cautiously await an expected 50 basis point hike in

Bulls rule Karachi stocks this week

Bulls rule was witnessed in the Karachi Stock Excjane (KSE) this week, trendpk.Com reported on Saturday.

On the business weekend, the KSE 100 index jumped-up by 284 points. Fluctuations in the share prices were also witnessed in the market during trading however the investors attitude remained positive due to the news of an early start of the leverage product. On the last day of the week the 100 index crossed the barrier of 10, 900 during trading but closed at 10, 882.

During the last week three days witnessed bulls rule while the remaining two days had to face the bearish trends. Aggregate trade volume remained 610.60 million shares.

Bears rule Karachi Stocks

Bears ruled the Karachi Stock Exchange (KSE) today however the KSE 100 index maintained the level of 10, 500, Dunya News reported on Monday.
Market activities started with bulls rule and the index crossed 10, 600. Uncertainty in the industrial sector affected the sale pressure while the last nights increase in the petroleum tariff also cast adverse effects on the index due to which the investors remained cautious. At the end of the days activities and business, the index decreased by 60 points to reach 10, 538. Total trade volume remained 800 million shares.

KSE witnesses bearish trend

The Karachi Stock Exchange witnessed bearish trend on Friday. The KSE-100 index closed below 10,600 points.
Business activity started with postive note. Due to buying in limited sectors the Index saw improvement but sale pressure couldnt overcome. The Index closed at the end of the day at 10,598 with decrease of 36 points. Trading volume remained 10.93 crore shares. National Bank remained the volume leader.

KSE sees bearish trend

The Karachi Stock Exchange witnessed bearish trend on Friday. The KSE-100 index closed below 10,600 points.
Business activity started with postive note. Due to buying in limited sectors the Index saw improvement but sale pressure couldnt overcome. The Index closed at the end of the day at 10,598 with decrease of 36 points. Trading volume remained 10.93 crore shares. National Bank remained the volume leader.

KSE sees bearish trend

The Karachi Stock Exchange witnessed bearish trend on Friday. The KSE-100 index closed below 10,600 points.
Business activity started with postive note. Due to buying in limited sectors the Index saw improvement but sale pressure couldnt overcome. The Index closed at the end of the day at 10,598 with decrease of 36 points. Trading volume remained 10.93 crore shares. National Bank remained the volume leader.

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