Jump to content

Welcome to Tezi Mandee - Community Of Pakistani Investors & Traders
Register now to gain access to all of our features. Once registered and logged in, you will be able to create topics, post replies to existing threads, give reputation to your fellow members, get your own private messenger, post status updates, manage your profile and so much more. If you already have an account, login here - otherwise create an account for free today!

Welcome to Tezi Mandee - Community Of Pakistani Investors & Traders

Welcome to Tezi Mandee - Community Of Pakistani Investors & Traders, like most online communities you must register to view or post in our community, but don't worry this is a simple free process that requires minimal information for you to sign up. Be a part of Tezi Mandee - Community Of Pakistani Investors & Traders by signing in or creating an account.
  • Start new topics and reply to others
  • Get latest news on Karachi Stock Market
  • Subscribe to topics and forums to get automatic updates
  • Registered member get added in mailing list for mailing updates
  • Get your own profile and make new friends
  • Customize your experience here
  • Be the first to know the KSE latest announcements shared by our members
  • Registered members get access to Protected Forums and topics
  • Registration is free Create Account
  • If you are already a member just Sign in
To Create Account ( Click Here )
To Sign In ( Click Here )
 

Stock Market Opening and Closing Notes

Stock Market Opening Notes Closing Notes

2871 replies to this topic

#1
Amin Khan

    CAPTAIN

  • Member
  • 9,048 posts
  • Joined 24-August 08
  • Skin: Main Blue
  • Offline
    • Gender:Male
    • Country: Country Flag

    Current mood: Mellow
    Reputation: 905
    Stocks end lower; rupee weakens; o/n rates up
    Wednesday, 15 June 2011 12:26

    KARACHI: Pakistani stocks ended lower on Wednesday, taking cues from the global markets and following a fall in international oil prices, dealers said.

    The Karachi Stock Exchange's benchmark 100-share index ended 0.17 percent, or 20.79 points, lower at 12,317.15.

    Turnover was almost flat at 54.8 million shares, compared with 54.17 million shares traded on Tuesday.

    "Amid a global sell off in equity markets and a fall in commodity prices, the local bourse continued to correct itself and ended 20 points lower," said Mohammed Millwala, a dealer at Topline Securities Ltd.

    Dealers said that many investors were sidelined by a lack of positive triggers and the continued implementation of capital gains tax on certain investments.

    The government confounded market expectations by not removing capital gains tax on certain investments in the 011/12 budget, announced on Jun 3.

    A 10 percent capital gains tax is imposed on stocks held for six months or less, and a 7.5 percent tax is levied on stocks held between 6 months to a year.

    In the currency market, the rupee weakened to 85.80/85 to the dollar, compared with Tuesday's close of 85.75/79, following a rise in import payments.

    The rupee hit a record low of 86.50 last month, but dealers said the local unit may be stable in the coming days because of increased remittances from Pakistanis working abroad.

    According to official data, remittances sent by overseas Pakistanis crossed $10 billion for the first time, and were recorded at $10.1 billion in the first 11 months of the 2010/11 fiscal year, an increase of 25.20 percent compared with the same period last year.

    In the money market, overnight rates rose to 12.50 percent, compared with the previous day's close of 11 percent and dealers expect rates to be on the higher side due to scheduled net outflows amounting to 40 billion rupees($466 million) on Thursday.
    Click Here For: "Daily Reports From Different Brokerage Houses"


    #2
    Amin Khan

      CAPTAIN

    • Member
    • 9,048 posts
    • Joined 24-August 08
  • Skin: Main Blue
  • Offline
    • Gender:Male
    • Country: Country Flag

    Current mood: Mellow
    Reputation: 905
    KSE100Index 12,317|High 12,399|Low 12,302|Change -20|Value USD 19mn|Vol 32mn

    Today marked the continuation of a dull phase as volumes continue to remain depleted with major chunk of activity in second tier stocks. Grim news on economic front, showing a 65% increase in gorvernment borrowing for budgetay support from various financial institutions combined with news of 30% decline in foregin direct Investment during 11 months from July- May also subdued participants. Fatima Fetlizer generated the highest volumes for the day on account of news announced earlier this week stating that the plant will begin production from 1st July 2011.
    With no major triggers in sight, market is likely to remain range bound with volumes on the lower side. However we may see activity pick up in the future as results for FY12 corporate secto start to trickle in.
    (Elixir)
    Click Here For: "Daily Reports From Different Brokerage Houses"

    #3
    Amin Khan

      CAPTAIN

    • Member
    • 9,048 posts
    • Joined 24-August 08
  • Skin: Main Blue
  • Offline
    • Gender:Male
    • Country: Country Flag

    Current mood: Mellow
    Reputation: 905

    Click Here For: "Daily Reports From Different Brokerage Houses"

    #4
    Amin Khan

      CAPTAIN

    • Member
    • 9,048 posts
    • Joined 24-August 08
  • Skin: Main Blue
  • Offline
    • Gender:Male
    • Country: Country Flag

    Current mood: Mellow
    Reputation: 905
    Closing Note
    Wednesday - Jun 15, 2011 | 18:00:58
    The movement of KSE depicted a consistent aridness with a trade of 32.9 million shares and a thorough fluctuation in the Index points. Starting with 12 plus points, the market moved merely at a slow pace between positive and negative note simulating the previous session. A low of 35 minus points (12,302) was witnessed, followed by a high of 61 plus points (12,399). The market closed at 20 minus points (12,317) with an All Index volume of 54.8 million shares. The top sectors include: Chemicals, Banks and Electricity FATIMA, BOP and HUBC proved to be the principal movers of these sectors. FCCLR (4.6mn), FATIMA (4.1mn), and BOP (4mn) reach the epic among the volume movers. 97 companies stood positive, 152 stood negative and 105 firms remained at no change.
    (AKD)
    Click Here For: "Daily Reports From Different Brokerage Houses"

    #5
    GTrader

      Regular Member

    • Junior
    • 1,374 posts
    • Joined 04-June 09
  • Skin: Main Blue
  • Offline

    Current mood: None chosen
    Reputation: 0
    QUOTE (Amin Khan @ Jun 15 2011, 11:28 PM) <{POST_SNAPBACK}>



    its a nice topic bro.....................thanks for introducing..........

    #6
    Amin Khan

      CAPTAIN

    • Member
    • 9,048 posts
    • Joined 24-August 08
  • Skin: Main Blue
  • Offline
    • Gender:Male
    • Country: Country Flag

    Current mood: Mellow
    Reputation: 905
    QUOTE (GTrader @ Jun 16 2011, 02:10 PM) <{POST_SNAPBACK}>
    its a nice topic bro.....................thanks for introducing..........


    Welcome Bro ..

    Opss Morning AKD tu dalna bhool giya lolz dalta hun
    Click Here For: "Daily Reports From Different Brokerage Houses"






    Karachi Stock Exchange (KSE) Daily Reports


    Top Pakistani Sites        Haroof Top Sites    Promoted at Global Promote

    Indemnity, Disclaimer & Disclosure Notice:
    • By visiting TeziMandee.com you indicate your acceptance of our Forum Rules Disclaimer & Disclosure and indemnify TeziMandee.com, its associates and related parties of all claims howsoever resulting from the usage of the forum.
    Disclaimer: Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. TeziMandee.com will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
    Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.
    • All names or products mentioned are trademarks or registered trademarks of their respective owners.

    Copyright © 2006 - 2012, TeziMandee.com All Rights Reserved.
    eXTReMe Tracker