KSE reaches highest level of the year at 8,878.64 points
KARACHI: The Karachi stock market on Wednesday continued to witness intense buying activities in the blue chips, which took the index to the highest level of the year.The blue chips were of oil, bank and fertilizer sectors.The Karachi Stock Exchange (KSE) 100-share index increased by 109.40 points or 1.25 percent to close at 8,878.64 points as compared to previous session’s 8,769.24 points. The KSE 30-share index closed at 9,553.10 with a gain of 107.08 points. The KMI 30 index closed at 12,897.13 with a surge of 3.37 points. Analysts said unabated foreign interest in the market had great influence on the trading activities. Daily trading volumes continued to be healthy manifesting investors interest in the market. The market turnover went down by 15.66 percent and traded 255.39 million shares as compared with previous session’s 302.83 million shares. The overall market capitalisation was up by 1.13 percent to close at Rs 2.588 trillion as against Rs 2.559 trillion. Out of total 380 companies, 201 closed in the positive zone, 160 in negative, while 19 remained unchanged. “Declining trend in international oil prices became an excuse for profit-taking in expensive stocks mainly of the exploration sector, while sector stocks trading at lower multiples witnessed renewed buying interest,” said analyst at Aziz Fida Husein and Co Husnein Asghar Ali. “Surge in fertilizer offtake and price per bag allowed the accumulators from the local circuit to continue building their positions as some of the listed stocks of the sector offered consistent dividend yields while long-term investors will benefit from the conglomerate having core business as fertilizer.” Provided other variables stay conducive, increase in price per bag and cement dispatches tuned the cautious accumulation to a much aggressive buying activity in the main stocks of the sector, he said and added that low priced stocks contributed to gains and turnover. “NWFP oil discovery by OGDCL, rise in local urea prices/offtake and continuing foreign interest in the market were the main reasons for the bullish trend,” said senior analyst at Shahzad Chamdia Sec Ahsan Mehanti.The KSE 100-share index opened in the green zone with a gain of 100.57 points and at the end of the day closed at 8,878.64 points with a surge of 109.40 points. Bank Alfalah was the volume leader in the share market with 32.07 million shares as it closed at Rs 12.77 after opening at Rs 12.06 making a financial gain of 71 paisas. OGDC traded 20.48 million shares as it closed at Rs 109.98 from its opening at Rs 108.29, increasing Rs 1.69. staff report
Pakistani stocks end lower
KARACHI, Sept 3 (Reuters) - Pakistani stocks ended down on Thursday, snapping gains from the previous four trading sessions as investors booked gains at higher levels, dealers said.
The Karachi Stock Exchange's (KSE) benchmark 100-share index .KSE closed or 61.04 points (0.69 per cent) lower at 8,817.60 on turnover of 204.64 million shares.
The KSE-index made its highest close this year on Wednesday at 8,878.64 points and has gained 50.3 percent this year after losing 58.3 percent in 2008.
"There was profit taking as we have seen a bull run in recent days," said Sajid Bhanji, a dealer at brokers' Arif Habib Ltd.
Dealers said foreign investors were looking at Pakistan's market as its macroeconomic fundamentals were improving.
According to official data, foreign investors bought shares worth $95.3 million in August and $36.4 million in the first two days of September.
Last week, S&P raised Pakistan's sovereign rating to B-minus from CCC+, citing improvements in its external liquidity and a reduction in its fiscal deficit.
The Karachi Stock Exchange's (KSE) benchmark 100-share index .KSE closed or 61.04 points (0.69 per cent) lower at 8,817.60 on turnover of 204.64 million shares.
The KSE-index made its highest close this year on Wednesday at 8,878.64 points and has gained 50.3 percent this year after losing 58.3 percent in 2008.
"There was profit taking as we have seen a bull run in recent days," said Sajid Bhanji, a dealer at brokers' Arif Habib Ltd.
Dealers said foreign investors were looking at Pakistan's market as its macroeconomic fundamentals were improving.
According to official data, foreign investors bought shares worth $95.3 million in August and $36.4 million in the first two days of September.
Last week, S&P raised Pakistan's sovereign rating to B-minus from CCC+, citing improvements in its external liquidity and a reduction in its fiscal deficit.
Current Rates
KSE All Share : BAFL 13.10 0.33 PPTA 4.48 -0.25 NIB 5.57 0.14 ANL 27.03 1.16 JSCL 25.88 -0.21 OGDC 109.54 -0.44 ENGRO 158.68 4.59 NBP 74.63 -2.75 NML 46.24 1.66 UBL 55.45 1.47 AHSL 36.29 -1.91 PTC 21.00 0.35 FFBL 21.00 -0.07 DGKC 33.34 -0.27 LUCK 72.24 0.27 MCB 206.91 -10.89 PSO 285.83 5.51 POL 196.79 -3.71 PPL 208.54 -4.37 MLCF 4.92 0.08 PACE 6.81 0.11 AICL 102.88 -4.13 KESC 3.01 0.12 AHBL 6.07 0.16 MYBL 3.79 0.32 BOP 11.80 1.00 FABL 12.28 0.18 PAKRI 32.50 0.38 ICI 167.50 -1.62 FEM 0.90 -0.10
Recent Announcements From KSE
Renewal OF Registration Of Broker
written by ABBAS MIRZA(Depty General Manager Operations)
KSE rises 5.34pc in week on positive news
KARACHI: Upward revision in sovereign credit rating of Pakistan by world renowned Standard & Poor’s, and discovery of new crude oil reserves by large listed companies together kept the stage set for bull-run on the Karachi bourse this week.Breaching through the psychological barrier of 8,500 points successfully on weekend, the KSE 100-share Index posted a significant increase of 5.34 per cent or 433.28 points on weekly basis and closed at 8,541.22 points.The parallel running junior 30-Index augmented by 6.92 per cent or 594.78 points and concluded at 9,187.48 points.The upgrade of one notch in Pakistan credit rating (from CCC+ to B-minus) by Standards & Poor’s drew full attention of overseas investors towards local bourses this week, as the two other popular international financial service providers i.e. Morgan Stanley Capital International Barra (MSCI Barra) and Moody’s had already convinced foreign investors to stage comeback here by changing their outlook to stable from negative for the four Pakistani origin banks last week, analysts said.The foreign portfolio investors, therefore, injected more fresh funds worth $23.80 million (i.e. Rs1.94 billion) in this single week (Aug 24-28), which was significant in size too.Beside this, investors in world markets also gave their due attention to Pakistani bonds, as improvement in local economic indicators helped bonds in world markets to recover their price, according to observers.The movement by foreigners convinced locals to come forward and pour a huge capital around Rs114 billion into the bourses.The market witnessed a net inflow of Rs116 billion, combined of foreign and local, this week and projected the overall market capitalisation to Rs2,501 billion. Besides improvements credit rating and banks outlook the discovery of new oil reserves by three listed Exploration & Production (E&P) companies i.e. Oil & Gas Development Company (OGDC), Pak Petroleum (PPL) and Pak Oilfields (POL) in different oilfields during the week attracted investors from all walks of life to stage aggressive comeback.Joining of market by different investors’ segments is evident with a sharp increase of 34.6 per cent in average daily turnover (ready board) to 160.04 million shares this week from 118.87 million shares traded last week.Activities in future market was also seemed improving, as average daily turnover in this market also improved to 2.56 million shares this week.Besides leading banks and E&P Companies, the Oil Marketing Companies (OMCs), Independent Power Producers (IPPS) and refineries also invited attention of market players owing to speed-up of government’s effects to resolve their circular debt issue by end of this month i.e. August. To resolve this debt issue, government is in negotiations with banks to issue Rs100 billion Term Finance Certificates (TFCs).In the middle of the week, a couple of international financial institutions pointed out local broses as cheap in the region. They said that prices of various shares were still standing lucrative while announcement of dividends and other entitlements by them during current corporate result season were attractive too. This statement did also play its part in placing market to sensitive level.The news of increase in rate of treasury bills (improved between 22-103bps) and failure of authorities to reach an agreement on introducing margin financing effected market slightly in the middle of the week, but other investment-friendly news kept investors fully charged and determined to invest here, said an analyst.Going forward, if foreigners continue to remain net buyers in the session to come and economic and stocks fundamentals move further up then market may rise beyond current sensitive levels, otherwise, it might go into the consolidation phase, analysts said.The developments regarding introduction of a leverage production; either modified Continuous Funding System or Margin Financing, and coming up of inflationary numbers are believe to set direction of market in near future. Movement in Weekly Volume LeadersSymbols Opening on Close on DifferenceMonday (Rs) Friday (Rs) (Rs)AH Securities 30.81 33.27 2.46Azgard Nine 26.18 26.45 0.27Bank Al-Falah 11.84 11.62 -0.22DGK Cement 34.2 35.32 1.12JS Company 24.09 25.07 0.98Lucky Cement 73.21 73.75 0.54MCB Bank 174.27 197.24 22.97National Bank 64.38 67.77 3.39Nishat Mills 44.6 46.73 2.13O.G.D.C 95.09 103.71 8.62P.T.C.L 19.97 21.74 1.77Pak Oilfields 174.07 205.56 31.49Pak Petroleum 191.46 214.67 23.21Pak.PTA 3.07 4.48 1.41
KSE capitalization up 3.2% to KD 35.3B
KUWAIT CITY, Aug 29: Kuwait Stock Exchange (KSE) managed to record gains during the past week backed by active trades on blue-chip stocks. Both main indices closed in the green zone in all of the week’s trading sessions. However, the weighted index outperformed the price index in most sessions. Price index’s movement was generally horizontal with recording minimal gains by the end of the day, whereas weighted index’s upward trend was more visible during the week as it was able to reach its highest closing levels for the current year. And despite the shorter trading periods during the holy month of Ramadan, trading indicators remained at acceptable levels in the past week, as daily average of trading value reached KD 104.74 million, whereas trading volume average stood at 334.24 million shares.
In terms of last week’s day-to-day trades, KSE ended Sunday’s session with gains for both main indices after registering gradual growth during the day amid significant decrease in all three trading indicators, specifically trading value. During the next three days, KSE price index moved horizontally, as it fluctuated around the 7,900 points level to close with small gains by the end of each trading session. The weighed index, on the other hand, displayed a much better performance due to concentration on a number of blue-chips, which was reflected in daily trading value that has increased significantly in comparison to the first day of the week. On Thursday, price index grew gradually during the session, while weighted index recorded some decline but closed with a minimal gain.By the end of the week, the price index closed at 7,964.3 points, up by 1.53 percent from the week before closing, whereas the weighted index registered a 3.24 percent weekly gain after closing at 467.91 points.
Sectors’ IndicesAll of KSE’s sectors ended last week in the green zone except for one sector. Last week’s highest gainer was the Industry sector, achieving 4.29 percent growth rate as its index closed at 6,430.3 points. Whereas, in the second place, the Investment sector’s index closed at 6,811.3 points recording 2.19 percent increase. The Non-Kuwaiti companies sector came in third as its index achieved 1.27 percent growth, ending the week at 8,449.1 points. The Food sector was the least growing as its index closed at 5,037.9 points with a 0.09 percent increase. On the other hand, the Insurance sector was last week’s only loser as its index declined by 0.22 percent to end the week’s activity at 2,817.1 points.
Sectors’ ActivityThe Investment sector dominated total trade volume during last week with around 574.80 million shares changing hands, representing 34.39 percent of the total market trading volume. The Services sector ranked second with a total of 431.69 million shares, 25.83 percent of the total. On the other hand, the Services sector ranked first in terms of trade value, with around KD 270.43 million representing 51.64 percent of the total market trade value, while the Banking sector came in the second place with KD 83.90 million, representing 16.02 percent of the total market’s traded value during the week.
Market CapitalizationKSE total market capitalization grew by 3.23 percent during last week to reach KD 35.33 billion, as all of KSE’s sectors recorded an increase in their respective market capitalization except for one sector. The Services sector headed the growing sectors as its total market capitalization reached KD 10.49 billion, increasing by 4.14 percent. The Industry sector was the second in terms of recoded growth with 3.90 percent increase after the total value of its listed companies reached KD 3.03 billion. The third place was for the Banking sector, which total market capitalization reached KD 10.91 billion by the end of the week, recording an increase of 3.66 percent. The Real Estate sector was the least growing with 0.48 percent recorded growth after its market capitalization amounted to KD 2.20 billion. On the other hand, the Insurance sector was last week’s only decliner as its total market capitalization decreased by 0.11 percent to reach, by the end of the week, KD 335.62 million.
In terms of last week’s day-to-day trades, KSE ended Sunday’s session with gains for both main indices after registering gradual growth during the day amid significant decrease in all three trading indicators, specifically trading value. During the next three days, KSE price index moved horizontally, as it fluctuated around the 7,900 points level to close with small gains by the end of each trading session. The weighed index, on the other hand, displayed a much better performance due to concentration on a number of blue-chips, which was reflected in daily trading value that has increased significantly in comparison to the first day of the week. On Thursday, price index grew gradually during the session, while weighted index recorded some decline but closed with a minimal gain.By the end of the week, the price index closed at 7,964.3 points, up by 1.53 percent from the week before closing, whereas the weighted index registered a 3.24 percent weekly gain after closing at 467.91 points.
Sectors’ IndicesAll of KSE’s sectors ended last week in the green zone except for one sector. Last week’s highest gainer was the Industry sector, achieving 4.29 percent growth rate as its index closed at 6,430.3 points. Whereas, in the second place, the Investment sector’s index closed at 6,811.3 points recording 2.19 percent increase. The Non-Kuwaiti companies sector came in third as its index achieved 1.27 percent growth, ending the week at 8,449.1 points. The Food sector was the least growing as its index closed at 5,037.9 points with a 0.09 percent increase. On the other hand, the Insurance sector was last week’s only loser as its index declined by 0.22 percent to end the week’s activity at 2,817.1 points.
Sectors’ ActivityThe Investment sector dominated total trade volume during last week with around 574.80 million shares changing hands, representing 34.39 percent of the total market trading volume. The Services sector ranked second with a total of 431.69 million shares, 25.83 percent of the total. On the other hand, the Services sector ranked first in terms of trade value, with around KD 270.43 million representing 51.64 percent of the total market trade value, while the Banking sector came in the second place with KD 83.90 million, representing 16.02 percent of the total market’s traded value during the week.
Market CapitalizationKSE total market capitalization grew by 3.23 percent during last week to reach KD 35.33 billion, as all of KSE’s sectors recorded an increase in their respective market capitalization except for one sector. The Services sector headed the growing sectors as its total market capitalization reached KD 10.49 billion, increasing by 4.14 percent. The Industry sector was the second in terms of recoded growth with 3.90 percent increase after the total value of its listed companies reached KD 3.03 billion. The third place was for the Banking sector, which total market capitalization reached KD 10.91 billion by the end of the week, recording an increase of 3.66 percent. The Real Estate sector was the least growing with 0.48 percent recorded growth after its market capitalization amounted to KD 2.20 billion. On the other hand, the Insurance sector was last week’s only decliner as its total market capitalization decreased by 0.11 percent to reach, by the end of the week, KD 335.62 million.
Shares Called Limited Why?
Shares of the company are contain limited liability thats why is called limited. there are two types of companies public limited company and private limited company most of the world stock exchange markets dealing on limited shares. there are many types of purchasing shares of the market you can buy online shares of the companies below:-
