KSE outlook next week march 5-9 2012 : The Karachi Stock Exchange (KSE) may consolidate near and around 13,000 points threshold next week as the benchmark index has surged straightaway by over 15 percent, or about 1,750 points, in the first two months of 2012, said dealers on Saturday.
In the week ended on March 02, the benchmark KSE 100-share index surged by 382.45 points, or three percent, to 13,088.97. With this, the index has increased by 1,741.31 points, or 15.34 percent, to date since the beginning of calendar year 2012.
Experts said that the market has moved up on account of healthy corporate results announced for the period ended on December 31, 2011 and planned introduction of amnesty scheme under capital gains tax (CGT) regime with effect from April 01.
The finance minister had announced the scheme and some other relaxations in CGT regime sometime late in December 2011. “The planned introduction of amnesty scheme has been factored-in now,” said Ahsan Mehanti, an analyst at Arif Habib Corporation, adding that strong earnings still having potential to invite follow-up buying in this post results announcement era.
Besides, the political uncertainty at world due to Iran factor, changing Pak-US relations pertaining to gas pipeline from Iran to Pakistan and record depreciation in rupee in parity with dollar would be some dominating factors at KSE next week.
“The market would be range-bound next week and consolidate near and around 13,000 points,” he said, “Fertilizer, banking and oil stocks may invite follow-up buying ahead.”
Munir Khanani, chief executive officer of Muhammad Munir and Muhammad Ahmed Khanani, believed that the market was still having a room for further growth going forward.
Majority of the financial results announced at KSE were outstanding and still having potential to take market to the next level. “Banking and cement stocks would take the market to the next height.”
Saqib Hussain, head of equity sales at MM Securities, however, advised cautious approach to investors, saying that the 13,000 points level could invite profit selling for a brief period. “The benchmark 100-share index may bounce back up to 12,700 points level next week.”
An analyst at KASB Securities said that the market focus would shift towards developments regarding issuance of CGT SRO/Presidential Ordinance expected sometime next week after result season came to its virtual end now.
NBP was the only one blue-chip, which was yet to announce its earnings for the year ended on December 31, 2011. NBP board would meet for the purpose on March 06, he added.
In the previous week, volumes declined by 11 percent ton 213 million. The market capitalisation, however, surged by Rs82 billion to Rs3,392 billion. Moreover, foreign investors poured in more $5.60 million during the week.
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Showing posts with label karachi stock market. Show all posts
Showing posts with label karachi stock market. Show all posts
Saturday, March 3, 2012
Thursday, February 9, 2012
Turkish Stocks market feb 9 2012
Turkish Stocks market feb 9 2012 : Turkey’s benchmark ISE National 100 Index fell the most in more than a month, sliding 1.7 percent to 60,162.52 at the close in Istanbul.
The following were among the active equities in the Turkish market today. Stock symbols are in parentheses.
Akbank TAS (AKBNK TI), the bank owned by Citigroup Inc. and Haci Omer Sabanci Holding AS, slumped 3.6 percent to 7.04 liras ahead of its earnings report tomorrow. Akbank may report fourth- quarter profit fell an annual 9.6 percent to 624 million liras ($355 million), according to the average of ten analysts surveyed by Bloomberg.
Haci Omer Sabanci Holding AS (SAHOL TI), Turkey’s second- largest group of companies, added as much as 2.2 percent in intraday trading before closing up 0.6 percent at 7.20 liras. Sabanci plans an initial public offering in its electronics retail unit Teknosa Ic & Dis Ticaret AS, in May or June, Teknosa chief executive Mehmet Nane said in an interview in Istanbul today.
Usas Ucak Servisi AS (UCAK TI), a catering services provider for airlines, surged the most in almost 11 years, adding 18 percent to 3.77 liras, its highest since 2007, after saying owner Turkraft Holding AS raised its stake to 84 percent from 56.3 percent.
For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
The following were among the active equities in the Turkish market today. Stock symbols are in parentheses.
Akbank TAS (AKBNK TI), the bank owned by Citigroup Inc. and Haci Omer Sabanci Holding AS, slumped 3.6 percent to 7.04 liras ahead of its earnings report tomorrow. Akbank may report fourth- quarter profit fell an annual 9.6 percent to 624 million liras ($355 million), according to the average of ten analysts surveyed by Bloomberg.
Haci Omer Sabanci Holding AS (SAHOL TI), Turkey’s second- largest group of companies, added as much as 2.2 percent in intraday trading before closing up 0.6 percent at 7.20 liras. Sabanci plans an initial public offering in its electronics retail unit Teknosa Ic & Dis Ticaret AS, in May or June, Teknosa chief executive Mehmet Nane said in an interview in Istanbul today.
Usas Ucak Servisi AS (UCAK TI), a catering services provider for airlines, surged the most in almost 11 years, adding 18 percent to 3.77 liras, its highest since 2007, after saying owner Turkraft Holding AS raised its stake to 84 percent from 56.3 percent.
For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
Sunday, February 5, 2012
Karachi Stock Exchange (KSE) outlook week feb 6-10 2012
Karachi Stock Exchange (KSE) outlook week feb 6-10 2012 ; the leading benchmark of the KSE, the 100 index, is 17.38 points away from 12,000 points coveted level and standing at 11,982.62 points. During the week ended on January 3, the index moved up by 22.40 points, or 0.18 percent. The KSE 30 Index increased by 41.52 points, or 0.37 percent, to 11,258.08 points last week.
The Karachi Stock Exchange (KSE) is expected to consolidate around 12,000 points threshold next week ahead of full-year financial results, particularly of banks and likely increase in foreign portfolio investment
Financial results would help the market maintain in the green territory next week, the market may consolidate around 12,000 points with an increase of 50-100 points.
As far as the monetary policy announcement by the State Bank of Pakistan (SBP) is concerned, it had become irrelevant issue for the market after inflation retuned back in the double-digit at 10.10 percent in January. And price of local POL products hiked.
the market’s direction would be determined by the monetary policy statement decision on February 11 and preliminary news flow on the potential International Monetary Fund’s (IMF) letter of comfort in the near term.For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
The Karachi Stock Exchange (KSE) is expected to consolidate around 12,000 points threshold next week ahead of full-year financial results, particularly of banks and likely increase in foreign portfolio investment
Financial results would help the market maintain in the green territory next week, the market may consolidate around 12,000 points with an increase of 50-100 points.
As far as the monetary policy announcement by the State Bank of Pakistan (SBP) is concerned, it had become irrelevant issue for the market after inflation retuned back in the double-digit at 10.10 percent in January. And price of local POL products hiked.
the market’s direction would be determined by the monetary policy statement decision on February 11 and preliminary news flow on the potential International Monetary Fund’s (IMF) letter of comfort in the near term.For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
Sunday, January 29, 2012
Karachi Stock Exchange (KSE) outlook week january 30-3 february 2012
Karachi Stock Exchange (KSE) outlook week january 30-3 february 2012 : The Karachi Stock Exchange (KSE) is expected to maintain buying momentum next week ahead of likely robust earnings to be announced by blue chips in banking and fertiliser sectors for the period ended on December 31, 2011, said dealers on Saturday.
“KSE would go up on the back of likely strong earnings to be announced by blue chip banks and fertiliser makers,” said Faisal Rajab Ali, a broker at KSE, adding that issuance of SRO to materialise relaxations announced by finance minister last week in capital gains tax (CGT) regime would help KSE move up on fast track.
The benchmark KSE 100-share index increased by 185.54 points, or 2.83 percent, during the week ended on January 27 and stood at 11,960.22 points. The index went beyond 12,000 points level many times during the week and sustained once as well after stakeholders’ desired amendments announced in CGT regime. But delay on issuance of such SRO convinced investors to book profits and trim positions.
Ali foresaw the market sustaining above 12,000 points next week with improved volumes. “Investors would gradually stage come back on much awaited amendments announced in CGT regime, as they had invested such funds in other instruments.”
Saqib Hussain, Head of Sales and Marketing at MM Securities, said that the relaxation of not inquiring about the source of funds to be invested in shares by June 2014 would indeed pave the way for comeback of investors to local bourses. “Issuance of SRO on relaxing rules for CGT is awaited vehemently.”
Freeze of CGT’s rate at current levels and abolition of withholding tax on brokers’ income would be additional incentives to re-attract the gone investors.
Apart from this, the availability of Rs50 million additional funds to each broker would help re-inviting those investors, including foreigner, who want to buy stocks beyond their financial limits, he said.
Both the experts, however, did not give significant importance to the political development that may take place after resumption of prime minister’s show case note in National Reconciliation Ordinance (NRO) case at Supreme Court (SC) next week.
Ali said “Hearings at SC are not going to change the destiny of KSE unless the Court announces a radical decision in any of the cases.”
Hussain said “Cases of memo and NRO at SC have become weak after Mansoor Ijaz refused to appear in the court and President Zardari is believed to enjoy immunity, respectively.”
An analyst at KASB Securities said that while the market awaited some of the finer details of the CGT relief package, the limelight was likely to be taken over by the results season. However the market will have an eye out for the CPI number for January as it will help shape market expectations on path of discount rate.
“Political noise which took a relative breather this week will make a comeback as the Supreme Court resumes hearing on the contempt of court proceedings against the Prime Minister.”
During last week, average daily volumes jumped up by 67 percent to 145 million shares. The market capitalisation improved by Rs49 billion to Rs3,105 billion.
Foreign portfolio investors again appear as net buyers of shares worth $7.38 million shares last week, according to National Clearing Company of Pakistan Limited.
Furqan Ayub, an analyst at JS Global, said that the market entered a consolidation phase last week following the massive surge in the prior week.
Positive expectations of changes in the modalities of Capital Gain Tax (CGT) were finally realised after Dr Hafeez Sheikh’s visit to the Karachi Stock Exchange (KSE) last weekend, he said.
Further interest in the market also came with the commencement of the result season, he added. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
“KSE would go up on the back of likely strong earnings to be announced by blue chip banks and fertiliser makers,” said Faisal Rajab Ali, a broker at KSE, adding that issuance of SRO to materialise relaxations announced by finance minister last week in capital gains tax (CGT) regime would help KSE move up on fast track.
The benchmark KSE 100-share index increased by 185.54 points, or 2.83 percent, during the week ended on January 27 and stood at 11,960.22 points. The index went beyond 12,000 points level many times during the week and sustained once as well after stakeholders’ desired amendments announced in CGT regime. But delay on issuance of such SRO convinced investors to book profits and trim positions.
Ali foresaw the market sustaining above 12,000 points next week with improved volumes. “Investors would gradually stage come back on much awaited amendments announced in CGT regime, as they had invested such funds in other instruments.”
Saqib Hussain, Head of Sales and Marketing at MM Securities, said that the relaxation of not inquiring about the source of funds to be invested in shares by June 2014 would indeed pave the way for comeback of investors to local bourses. “Issuance of SRO on relaxing rules for CGT is awaited vehemently.”
Freeze of CGT’s rate at current levels and abolition of withholding tax on brokers’ income would be additional incentives to re-attract the gone investors.
Apart from this, the availability of Rs50 million additional funds to each broker would help re-inviting those investors, including foreigner, who want to buy stocks beyond their financial limits, he said.
Both the experts, however, did not give significant importance to the political development that may take place after resumption of prime minister’s show case note in National Reconciliation Ordinance (NRO) case at Supreme Court (SC) next week.
Ali said “Hearings at SC are not going to change the destiny of KSE unless the Court announces a radical decision in any of the cases.”
Hussain said “Cases of memo and NRO at SC have become weak after Mansoor Ijaz refused to appear in the court and President Zardari is believed to enjoy immunity, respectively.”
An analyst at KASB Securities said that while the market awaited some of the finer details of the CGT relief package, the limelight was likely to be taken over by the results season. However the market will have an eye out for the CPI number for January as it will help shape market expectations on path of discount rate.
“Political noise which took a relative breather this week will make a comeback as the Supreme Court resumes hearing on the contempt of court proceedings against the Prime Minister.”
During last week, average daily volumes jumped up by 67 percent to 145 million shares. The market capitalisation improved by Rs49 billion to Rs3,105 billion.
Foreign portfolio investors again appear as net buyers of shares worth $7.38 million shares last week, according to National Clearing Company of Pakistan Limited.
Furqan Ayub, an analyst at JS Global, said that the market entered a consolidation phase last week following the massive surge in the prior week.
Positive expectations of changes in the modalities of Capital Gain Tax (CGT) were finally realised after Dr Hafeez Sheikh’s visit to the Karachi Stock Exchange (KSE) last weekend, he said.
Further interest in the market also came with the commencement of the result season, he added. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
Saturday, January 7, 2012
Karachi Stock Exchange (KSE) outlook 2012
Karachi Stock Exchange (KSE) outlook 2012 : The stock market continued the downward trend on the last trading session of the week with continuous selling in oil stocks leading the way. The Karachi Stock Exchange’s (KSE) benchmark 100-share index fell 0.56% or 62.53 points to end at the 11,125.35 point level.
The KSE 100-share index fell by about 684 points, or 5.68 percent, in the year ending on December 31, 2011 and stood at 11,347.66 points. The market capitalisation declined by Rs302 billion, or nine percent, to Rs2,945 billion while average daily turnover fell to 10-year low of 81 million shares.
Majority of investors attributed the decline in KSE in 2011 to massive foreign selling. According to the National Clearing Company of Pakistan Limited, foreigners sold net shares worth $127.21 million in the year 2011 against $526.37 million net buying in the previous calendar year 2010.
The Karachi Stock Exchange (KSE) is expected to recover and sustain above 13,000 points threshold in 2012, KSE should recover and sustain around 13,500 points in 2012
the energy and fertiliser stocks would continue to perform in 2012 due to strong fundamentals, while fewer banks will perform once the process of economic recovery is commenced.
that investors remained cautious during the year because of
(1) strained relationship between Pakistan and the US,
(2) falling popularity of the incumbent government,
(3) US debt rating downgrade along with European debt crisis,
(4) energy shortfall,
(5) collection of Capital Gains Tax and
(6) complex and stringent regulation of leverage products by SECP.
investors to keep close focus on foreign movement at KSE, as debt crisis in Europe would compel them to trim their holdings in emerging Asian markets. “We believe foreigners will continue to be a major force in the Pakistani capital market as they hold $2.4 billion worth of shares which is 29 percent of free-float and seven percent of market capitalisation. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
The KSE 100-share index fell by about 684 points, or 5.68 percent, in the year ending on December 31, 2011 and stood at 11,347.66 points. The market capitalisation declined by Rs302 billion, or nine percent, to Rs2,945 billion while average daily turnover fell to 10-year low of 81 million shares.
Majority of investors attributed the decline in KSE in 2011 to massive foreign selling. According to the National Clearing Company of Pakistan Limited, foreigners sold net shares worth $127.21 million in the year 2011 against $526.37 million net buying in the previous calendar year 2010.
The Karachi Stock Exchange (KSE) is expected to recover and sustain above 13,000 points threshold in 2012, KSE should recover and sustain around 13,500 points in 2012
the energy and fertiliser stocks would continue to perform in 2012 due to strong fundamentals, while fewer banks will perform once the process of economic recovery is commenced.
that investors remained cautious during the year because of
(1) strained relationship between Pakistan and the US,
(2) falling popularity of the incumbent government,
(3) US debt rating downgrade along with European debt crisis,
(4) energy shortfall,
(5) collection of Capital Gains Tax and
(6) complex and stringent regulation of leverage products by SECP.
investors to keep close focus on foreign movement at KSE, as debt crisis in Europe would compel them to trim their holdings in emerging Asian markets. “We believe foreigners will continue to be a major force in the Pakistani capital market as they hold $2.4 billion worth of shares which is 29 percent of free-float and seven percent of market capitalisation. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
Friday, December 23, 2011
who is best candidates member directors at KSE Board on 2012
who is best candidates member directors at KSE Board on 2012 - KSE elections on December 29 2011 ; The annual elections for five seats of member directors at the Karachi Stock Exchange (KSE) Board for the next term of 2012 would be held on December 29, 2011.
As many as seven candidates are contesting the elections while five of them would be elected as member directors at KSE Board.
The contesting candidates are Muhammad Yasin Lakhani, Zafar Siddiq Moti, Haji Ghani Haji Usman, Abdul Majeed Adam, Yaqoob Habib, Muhammad Saad Maniar and Saeed Ahmed Butt.
The KSE had received eight nominations; however one withdrawal from Muhammad Qasim Lakhani was received on Thursday.
The five elected directors represent members at the KSE Board while four other directors are nominated by the Securities and Exchange Commission of Pakistan (SECP). For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
As many as seven candidates are contesting the elections while five of them would be elected as member directors at KSE Board.
The contesting candidates are Muhammad Yasin Lakhani, Zafar Siddiq Moti, Haji Ghani Haji Usman, Abdul Majeed Adam, Yaqoob Habib, Muhammad Saad Maniar and Saeed Ahmed Butt.
The KSE had received eight nominations; however one withdrawal from Muhammad Qasim Lakhani was received on Thursday.
The five elected directors represent members at the KSE Board while four other directors are nominated by the Securities and Exchange Commission of Pakistan (SECP). For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
Tuesday, December 20, 2011
Pakistan equities market forecast 2012
Pakistan equities market forecast 2012 ; Analysts state that in spite of Pakistan being relatively resilient from fragile condition of the West, it cannot remain completely immune. With volumes plummeting to 10-year low at Rs3.6 billion ($42million) a day, the net selling of $118 million by foreigners, could be pointed out as major reason for stocks decline as local investors remained shy, shaken also by the various political issues being faced by the government. -
Disenchanted by the performance in the current year–nine sessions now remaining to the end of the year– stock strategists have already started to plan for the year ahead.
Topline Securities Research believes that investors in Pakistan equities would keenly follow the foreign flows and political developments in 2012. “These two factors will remain major market movers next year while volumes are likely to remain dull,” say the analysts.
In the year 2011 to date, the Pakistan equities have yielded a negative return of 8 per cent (12 per cent in dollar terms).
Currently Pakistani stocks are trading at close to 3-year low valuation with price-to-earning (P/E) ratio of 5.1 times (5.8 times including OGDC). The dividend yield materialised at 11 per cent (9 per cent with OGDC) which was close to T-Bill yield. But for 2012, analysts expect the stock market to post a modest recovery with KSE-100 index to close at 13,000.
If that be true, the equity market would be giving out estimated gains (inclusive of dividend yield) of 18 per cent (12 per cent in dollar terms).
“We expect energy and fertiliser stocks to continue to perform in 2012 due to strong fundamentals while few banks may do well once the process of economic recovery begins,” say analysts. Yet it would be the foreigner who would have the major say in determining the direction of the market.
Analysts state that in spite of Pakistan being relatively resilient from fragile condition of the West, it cannot remain completely immune. With volumes plummeting to 10-year low at Rs3.6 billion ($42million) a day, the net selling of $118 million by foreigners, could be pointed out as major reason for stocks decline as local investors remained shy, shaken also by the various political issues being faced by the government. Foreign funds still hold Pakistani equity worth $2.4 billion (29 per cent of free float), which could be the major mover and shaker for the equity market in 2012.
“Thus we believe that prolonged global economic crisis, economic slowdown in Pakistan and strained Pakistan-US relations will force risk-averse foreign fund managers to trim their exposure at least in first half of 2012, thus keeping Pakistan market to trade at discount to its historical average price-to-earnings ratio of 8.0 times,” analyst said, adding that as Pakistan equity had shown relatively better performance compared to the regional peers in 2011 and its discount over other markets had shrunk, offshore fund managers may also be compelled to offload their position to rebalance their portfolio.
On the positive side, analysts peer to see the local political scene ahead. Could there be an early election? That and any sign of improvement in relationship with US, biggest foreign investor in Pakistan, might bring cheer to the market, analysts say, posting a possible hasty recovery.
Some analysts at other brokerages, however, do not see a political upheaval in the country as a stimulant for investors to accumulate stocks. But most stock pundits do admit that foreigner fund managers have their hands on the rudder and they could steer the market in either direction until the local investor sentiments starts to improve ( source http://www.dawn.com/ )
Pakistan stock market forecast 2012, Pakistan equities predictions 2012, Pakistan equities 2012, will Pakistan equities 2012, what will happen in Pakistan equities 2012, Pakistani stock 2012, karachi stock market forecast 2012, karachi stock market 2012, will karachi stock market 2012, foreign investor in Pakistan 2012, economic crisis 2012, equity market 2012,Pakistan political developments in 2012 For the latest updates PRESS CTR + D or visit Stock Market news Today
Disenchanted by the performance in the current year–nine sessions now remaining to the end of the year– stock strategists have already started to plan for the year ahead.
Topline Securities Research believes that investors in Pakistan equities would keenly follow the foreign flows and political developments in 2012. “These two factors will remain major market movers next year while volumes are likely to remain dull,” say the analysts.
In the year 2011 to date, the Pakistan equities have yielded a negative return of 8 per cent (12 per cent in dollar terms).
Currently Pakistani stocks are trading at close to 3-year low valuation with price-to-earning (P/E) ratio of 5.1 times (5.8 times including OGDC). The dividend yield materialised at 11 per cent (9 per cent with OGDC) which was close to T-Bill yield. But for 2012, analysts expect the stock market to post a modest recovery with KSE-100 index to close at 13,000.
If that be true, the equity market would be giving out estimated gains (inclusive of dividend yield) of 18 per cent (12 per cent in dollar terms).
“We expect energy and fertiliser stocks to continue to perform in 2012 due to strong fundamentals while few banks may do well once the process of economic recovery begins,” say analysts. Yet it would be the foreigner who would have the major say in determining the direction of the market.
Analysts state that in spite of Pakistan being relatively resilient from fragile condition of the West, it cannot remain completely immune. With volumes plummeting to 10-year low at Rs3.6 billion ($42million) a day, the net selling of $118 million by foreigners, could be pointed out as major reason for stocks decline as local investors remained shy, shaken also by the various political issues being faced by the government. Foreign funds still hold Pakistani equity worth $2.4 billion (29 per cent of free float), which could be the major mover and shaker for the equity market in 2012.
“Thus we believe that prolonged global economic crisis, economic slowdown in Pakistan and strained Pakistan-US relations will force risk-averse foreign fund managers to trim their exposure at least in first half of 2012, thus keeping Pakistan market to trade at discount to its historical average price-to-earnings ratio of 8.0 times,” analyst said, adding that as Pakistan equity had shown relatively better performance compared to the regional peers in 2011 and its discount over other markets had shrunk, offshore fund managers may also be compelled to offload their position to rebalance their portfolio.
On the positive side, analysts peer to see the local political scene ahead. Could there be an early election? That and any sign of improvement in relationship with US, biggest foreign investor in Pakistan, might bring cheer to the market, analysts say, posting a possible hasty recovery.
Some analysts at other brokerages, however, do not see a political upheaval in the country as a stimulant for investors to accumulate stocks. But most stock pundits do admit that foreigner fund managers have their hands on the rudder and they could steer the market in either direction until the local investor sentiments starts to improve ( source http://www.dawn.com/ )
Pakistan stock market forecast 2012, Pakistan equities predictions 2012, Pakistan equities 2012, will Pakistan equities 2012, what will happen in Pakistan equities 2012, Pakistani stock 2012, karachi stock market forecast 2012, karachi stock market 2012, will karachi stock market 2012, foreign investor in Pakistan 2012, economic crisis 2012, equity market 2012,Pakistan political developments in 2012 For the latest updates PRESS CTR + D or visit Stock Market news Today
Saturday, December 17, 2011
gold price in pakistan per tola today dec 17 2011
gold price in pakistan per tola today dec 17 2011 :
Gold rate in Pakistan - HamariWeb provides Silver & Gold Rates (Bullion Rates) with ... 24K 10 Grams, 24K Per Tola, 22K 10 Grams, 10 Grams For the latest updates PRESS CTR + D or visit Stock Market news Today
Karachi (24-ct Gold) | Rs. 54,700.00 |
Hyderabad (24-ct Gold) | Rs. 54,700.00 |
Lahore (24-ct Gold) | Rs. 54,700.00 |
Multan (24-ct Gold) | Rs. 54,700.00 |
Islamabad (24-ct Gold) | Rs. 54,700.00 |
Faisalabad (24-ct Gold) | Rs. 54,700.00 |
Rawalpindi (24-ct Gold) | Rs. 54,700.00 |
Quetta (24-ct Gold) | Rs. 54,700.00 |
Gold rate in Pakistan - HamariWeb provides Silver & Gold Rates (Bullion Rates) with ... 24K 10 Grams, 24K Per Tola, 22K 10 Grams, 10 Grams For the latest updates PRESS CTR + D or visit Stock Market news Today
Saturday, November 19, 2011
Karachi Stock market news today
Karachi Stock market news today ; The Karachi Stock Exchange or KSE is a stock exchange located in Karachi, Sindh, Pakistan. It is Pakistan's largest and oldest stock exchange, with many Pakistani as well as overseas listings. Currently located in Stock Exchange Building on Stock Exchange Road, in the heart of Karachi's Business District, off I. I. Chundrigar RoadFounded in 1947, Karachi Stock Exchange (KSE) is the biggest and most liquid exchange in Pakistan. It was declared the “Best Performing Stock Market of the World for the year 2002”. A total of 654 companies were listed on December 8, 2009 with a market capitalization of Rs. 8.561 trillion (US$ 120.5 billion) having listed capital of Rs. 2805.873 billion (US$ 40.615 billion). The KSE-100 Index closed at 11,967 on May 16, 2011. Total market capitalisation of the KSE reached Rs 2.95 trillion (US$ 35 billion approximately) on July 30, 2011. below are the latest news from the Karachi Stock Exchange (KSE) For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
Karachi stock market outlook week november 21 2011
Karachi stock market outlook week november 21 2011 : The Karachi stock market witnessed a bearish trading week mainly on account of ongoing political uncertainty in the country following Mullen memo controversy, which has strained relations between the civilian government and the Pakistan Army.
The Karachi Stock Exchange (KSE) 100- share index shed 81.42 points or 0.67 percent to close at 11,937.81 points as compared to 12,019.23 points of the previous week.
“Investors at the local bourse remained nervous throughout the week as political uncertainty rose sharply following the offer of resignation by Husain Haqqani (from his post as ambassador to the US) and departure of Pakistan People’s Party’s old stalwart Shah Mahmood Qureshi,” said JS Sec analyst Furqan Ayub. “Foreigners too were cautious, selling shares worth $1.3 million.”
The flow of remittances from overseas Pakistanis continued as they stood at $4.3 billion in four months of fiscal year 2012, surging by 23.2 percent on yearly basis. In October 2011 alone, remittances were up by 19 percent to $1.1 billion. Foreign investment on the other hand, plunged by 58.4 percent in four months of FY12 to $238.1 million with foreign direct investment at $340.2 million, down 27.7 percent. Foreign portfolio investment witnessed an outflow of $102.1 million in four months of FY12 as compared to an inflow of $101.3 million in the corresponding period last year.
New discoveries and high oil prices created interest in the E&P sector with Pakistan Oilfields Ltd and Oil and Gas Development Company outperforming the market by 2 percent and 1.2 percent, respectively. Among the fertilizer stocks, FFC underperformed the market by 6.1 percent as investors feared reversal in fertilizer prices on news of restoration of gas to the fertilizer sector.
Interest rate hopes to move Karachi stocks next week november 21 - 25 2011
Expectations about the next monetary policy statement will set the direction of the Karachi Stock Exchange the next week, said analysts on Saturday.
The policy is to be announced by the State Bank of Pakistan (SBP) near the end of November. A cut in discount rate, which the banks follow to set their lending rates, pushes the stocks up because lending rates for buying shares also go down, analysts said. It is also positive for the stock markets because listed companies financial charges fall, they added.
The State Bank announces monetary policy after every two months. In the last announcement, it reduced the discount rate by 150 basis points, or 1.5 percentage point, to 12 percent. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
The Karachi Stock Exchange (KSE) 100- share index shed 81.42 points or 0.67 percent to close at 11,937.81 points as compared to 12,019.23 points of the previous week.
“Investors at the local bourse remained nervous throughout the week as political uncertainty rose sharply following the offer of resignation by Husain Haqqani (from his post as ambassador to the US) and departure of Pakistan People’s Party’s old stalwart Shah Mahmood Qureshi,” said JS Sec analyst Furqan Ayub. “Foreigners too were cautious, selling shares worth $1.3 million.”
The flow of remittances from overseas Pakistanis continued as they stood at $4.3 billion in four months of fiscal year 2012, surging by 23.2 percent on yearly basis. In October 2011 alone, remittances were up by 19 percent to $1.1 billion. Foreign investment on the other hand, plunged by 58.4 percent in four months of FY12 to $238.1 million with foreign direct investment at $340.2 million, down 27.7 percent. Foreign portfolio investment witnessed an outflow of $102.1 million in four months of FY12 as compared to an inflow of $101.3 million in the corresponding period last year.
New discoveries and high oil prices created interest in the E&P sector with Pakistan Oilfields Ltd and Oil and Gas Development Company outperforming the market by 2 percent and 1.2 percent, respectively. Among the fertilizer stocks, FFC underperformed the market by 6.1 percent as investors feared reversal in fertilizer prices on news of restoration of gas to the fertilizer sector.
Interest rate hopes to move Karachi stocks next week november 21 - 25 2011
Expectations about the next monetary policy statement will set the direction of the Karachi Stock Exchange the next week, said analysts on Saturday.
The policy is to be announced by the State Bank of Pakistan (SBP) near the end of November. A cut in discount rate, which the banks follow to set their lending rates, pushes the stocks up because lending rates for buying shares also go down, analysts said. It is also positive for the stock markets because listed companies financial charges fall, they added.
The State Bank announces monetary policy after every two months. In the last announcement, it reduced the discount rate by 150 basis points, or 1.5 percentage point, to 12 percent. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
Wednesday, September 7, 2011
gold rate in pakistan 22k 24k per tola today
gold rate in pakistan 22k 24k per tola today : Gold rates in Pakistan, Gold Rates Karachi today , Gold Rates Hyderabad, Gold Rates Lahore, Gold Rates Multan, Gold Rates Islamabad, Gold Rates Rawalpindi, Gold Rates Quetta, Gold Rates Faisalabad, International Gold Rate.
Last Updated: Thursday 12,2012 (Source: Karachi Saraf Jewellers Association) For the latest updates PRESS CTR + D or visit Stock Market news Today
Thursday, January 12, 2012 24K 22k per tola Gold Rates in Pakistan
| City | 24K Per Tola | 22K 10 Grams |
| Karachi | Rs. 56,500.00 | Rs. 44,392.00 |
| Hyderabad | Rs. 56,500.00 | Rs. 44,392.00 |
| Lahore | Rs. 56,500.00 | Rs. 44,392.00 |
| Multan | Rs. 56,500.00 | Rs. 44,392.00 |
| Islamabad | Rs. 56,500.00 | Rs. 44,392.00 |
| Faisalabad | Rs. 56,500.00 | Rs. 44,392.00 |
| Rawalpindi | Rs. 56,500.00 | Rs. 44,392.00 |
| Quetta | Rs. 56,500.00 | Rs. 44,392.00 |
Last Updated: Thursday 12,2012 (Source: Karachi Saraf Jewellers Association) For the latest updates PRESS CTR + D or visit Stock Market news Today
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