Karachi Stock Market June 30, 2009

Today KSE 100 index declined 44 points to be closed at 7162. Market opened with positive index but after some time result from PTC (Pakistan Telecommunication Company) affected the market as the dividend announced by the company's board of directors was much lower the the expected one. Most traded share was Al-Abbass Cement (+0.19, 7.00) with trade volume of 16,041,000 shares. Other most traded shares include JSCL (-0.71, 23.19), Bank of Punjab (+0.27, 10.98 ), Samba Bank Ltd (+0.01, 2.98), Azgard Nine (+0.19, 22.14), D.G Khan Cement(-1.47, 29.65), Lucky Cement(-1.78, 58.53), Netsol Technologies (+0.53, 17.86) and PTCL (-0.66, 17.24).

As July is the month of results for most of the companies, share prices fluctuate much during this month (as today PTCL affected the market). Also some shares will get very good response due to better results. Some attractive sectors may be cement and securities(as I mentioned in earlier posts), so investors are trading much in these sectors like DG Khan Cement, AHSL, JSCL, Netsol Technologies etc. Netsol is expected to be at least over 22 Rupees till the anncouncement of result but again it depends on Netsol's announcements. So have a close watch on these shares. Cheers....

NOTE: The information posted in this blog (forum) is based on current afairs & invstors point of view. There may be discrepency in the ground realities

Karachi Stock Market June 29, 2009

Today Karachi Stock Exchange increased 43 points to be closed at 7206 points. Market opened with positive index and then remain consistent whole day. Investors were keen interested in Banking and IT (Telecommunication sectors). Most traded share was P.T.C.L.A (+0.96, 17.90) with trade volume of 13,282,500 shares. Other most traded shares wereArif Habib Securities (AHSL +0.46, 28.73), Jahagir Siddique Company (JSCL -0.11, 23.90), MCB (+3.50, 158.53, ), Lucky Cement (-0.33, 60.31), DG Khan Cement(+0.15, 31.12), Netsole (-0.75, 17.33) and Honda Atlas Cars (-0.34, 13.19).

If we look at present market condition and according to some analysts, market will correct itself in next couple of weeks. Since results of companies are also start announcing (which will be displayed at the end of every day's post at bottom), its expected that market will recover and may touch 7800-8000 easily. Impressive sectors are Insurances, Securities and Cement. Netsole, PTCL, AHSL, PAKRI, DG Khan Cement etc may be good to have faster returns. So have close eye on KSE 100 index and stocks. Cheers....

Resutlts:

Company : Exide Pakistan
EPS: 21.07
Profit/Loss in Million: 41.56 (Rupees)
Current Price: 164.20 (Rupees)
Bonus/Dividend: 50% F (Final Div)

NOTE: The information posted in this blog (forum) is based on current afairs & invstors point of view. There may be discrepency in the ground realities

Karachi Stock Market June 25, 2009

Karachi Stock Exchange KSE - 100 index show increase today and 100 index closed 102 point up at 7128. Most traded share was OGDC(2.10, 78.10) with total trade volume of 11,873,600 shares. OGDC is showing postie attitude since last several days but its highest price was 81 rupees during last three months. So it seems that its already on its benchmark and is very dangerous to buy this share at this price. Other most traded shares are AHSL (0.26, 27.45), JSCL (0.24, 24.02), Bank Al-Falah (0.03, 10.74), Muslim Commercial Bank (MCB, 7.31, 153.64), Mybank (-0.46, 4.44), Adamjee Insurance (0.82, 85.31), Azgard Nine (0.51, 22.85), Nishat Mills (0.24, 37.81), DG Khan Cement (0.39, 29.89), Luck Cement (1.01, 59.09) and Netsole Technologies (1.00, 17.08).

If we analyze market from last several days, it seems that Cement, Energy and Securities are performing better than other sectors. For example, DG Khan Cement, Lucky Cement, OGDC, Mari Gas Company, AHSL, Netsole etc are going good. So most of the investors are investing in these sectors and specifically in above mentioned companies. So have a close look at market and get your share back to your basket. Cheers..

NOTE: The information posted in this blog (forum) is based on current afairs & invstors point of view. There may be discrepency in the ground realities

Karachi Stock Market June 24, 2009

Today Karachi Stock Exchange 100 Index increased 2.41 points and closed at 7025.89. Most traded share was Jahangir Saddique Growth Fund (JS Growth Fund(JSGF)) with trade volume of 25,777,500 shares and increased by .11 to be closed at 3.80. JSGF normally vibrate around 3.20 to 4.20 since last three months. During last three months its lowest price was 3.20 and hieghest wast 4.21. It is expected that it will again touch 4.20 or above but again its very vibrant share due to low pricing factor.

Other most traded shares are
Pak.Prem Fund (.20, 4.00), Arif Habib Securities(AHSL, -.54, 27.19), JSCL (-0.12, 23.78), Mybank Ltd (1.00, 4.90), Azgard Nine Ltd (0.12, 22.34), DG Khan Cement (0.36. 29.50), Lucky Cement (0.78, 58.08), OGDC (0.38, 76.00) and Netsole Technologies (0.96, 16.08). Market seems to be highly unpredictable and no share is increasing constantly. Somehow, Netsole, Azgard Nine, DG Khan Cement and Lucky Cement are looking to be bit consistent and their prices are also on positve edge. Also these shares are considered safe sectors since these shares are always being traded instead of rapid shoot up and then down fall (like happened with PAKRI last month). So investors are taking interest in these secotors and specifically above mentioned shares. So hope for the best. Cheers...

SOME NEWS:
  • Capital market new financing product is expected to be announced in 1st week on July
  • 24% shares of pioneer cement has been purchased by Emirates Group
  • FCCL, ATEL, AXIDE annual budget meetings are scheduled by the end of June.
NOTE: The information posted in this blog (forum) is based on current afairs & invstors point of view. There may be discrepency in the ground realities

Karachi Stock Market June 23, 2009

Today Karachi Stock Exchange (KSE-100) Index declined 34 points to close at 7023.48. 114 stocks closed up 166 closed down while 28 stocks remained unchanged. Dera Ghazi Khan Cement (DG Khan Cement) was the highest traded share and closed at 29.14 up 0.51. Other most traded shares are Hub Power Co. Ltd (0.89, 27.85), AHSL (-.48, 27.79), JSCL (-.51, 23.80), Lucky Cement (.06, 57.22), Attock Refinery Ltd (1.72, 126.50), Bosicor Pakistan(-0.22, 7.15), OGDC (-1.35, 75.76) and Pak.PTA Ltd. (-.10, 2.90).

Again today market showed its fluctuated behaviour by moving up and down and closed negative. As you know, KSE is one of the unpredictable trading exchange in the world and also due to this behaviour some of the BIG CROCODILES like this but at the same time this situation is very pityfull for small investors. Again I would like to say that this is OK time to buy and wait. Don't take part in day trading and be patient; get some shares of good name and be aside. Cheers..

NOTE: The information posted in this blog (forum) is based on current afairs & invstors point of view. There may be discrepency in the ground realities

Karachi Stock Exchange June 22, 2009

Today KSE-100 Index gained 17.53 points and close at 7057.26, 101 stocks closed up 193 closed down while 19 stocks remained unchanged. Oil & Gas Development Company Ltd (OGDC) was the most trades share with trade volume of 15,128,200 shares and its price increased 1.69. Other most trades shares are JSCL (-.19, 24.31), AHSL (-0.45, 28.27), DG Khan Cement (+.94, 28.63), Lucky Cement (-.05, 57.16), Adamjee Insurance (2.25, 85.83), Nishat Mills (-.13, 36.83), Muslim Commercial Bank (MCB +4.96, 147.02), Hub Power Co. Ltd (+.66, 26.96) and Attock Refinery Ltd (+ 0.56, 124.78).

Today market started with positive value and at one point 100-index was seen at 7133 points but then selling in banking sector causes the market to be down. Now if you look at the overall situation of market, its very clear that currently there is no solid share to invest but a good to secure some of the most traded shares for future return. According to some speculated news, JSCL, AHSL, PAK Reinsurance (PAKRI), D.G Khan Cement are good to be traded for long term. Best Way Cement company is also moving up and up since last 7 days but I think its very risky to buy this share at current price. Most of the investors are on W&S (wait and see) policy and just examining the market to move in certain direction. So have a strong eye on market and buy some of the shares of your selection. Cheers…

NOTE: The information posted in this blog (forum) is based on current afairs & invstors point of view. There may be discrepency in the ground realities

Karachi Stock Market June 19 Week End Report

Last week, Karachi Stock Exchange (KSE - 100 index) starts with tremendous shoot up but remaining days were down. KSE -100 index closed at 7039.73. Leading shares were DG Khan Cement, OGDC, Arif Habib Securities (AHSL), Jahangir Siddique Company (JSCL), Adamjee Insurnace, National Bank of Pakistan (NBP), United Bank Limitid (UBL), Muslim Commercial Bank (MCB), Bank Al-Falah, Azgard Nine Ltd., Lucky Cement and Nishat Mills Limited. AHSL, JSCL, Adamjee Insurance, NBP, DG Khan Cement show increase from previous week end and MCB, UBL were down. Overall market was positive comparing last week and trade volume.

Upcoming week (from 22 June) is also expected to be positive with some sort of vibration. Market has lot of potential and some shares like AHSL, JSCL, DG Khan Cement, Netsole Technologies and some others are expected to be good. Netsole Technonolgies show loss in April but now its share price is getting better and last week was amazing as it raised 16% and closed at 15.67. Adamjee insurance also raised whole week but its share price is at dangerous level so small investors are advised to avoid this. In July, interest rate is also expected to down and this will also impact market, if State Bank annouces by the end of next week, July week startup will very good. Cheeers.....

NOTE: The information posted in this blog (forum) is based on current afairs & invstors point of view. There may be discrepency in the ground realities

Karachi Stock Market (KSE 100 Index) June 18, 2009

After yesterday's unexpected increase, today KSE - 100 index declined -24 points and closed at 7052. At one point, index was seen at 7142 but selling in Banking and Energy sectors turned 100 index to negative. Most traded share was D.G. Khan Cement whose share price increased by 1.27 and closed at 28.40. Other most traded shares are JSCL (.18, 24.70), AHSL(.43, 28.93), Muslim Commercial Bank (MCB -6.78, 140.15), National Bank of Pakistan (NBP 1.03, 65.30), Nishat Mills Limited (.1, 38.74), Oil and Gas Dev(OGDC 1.40, 74.10), P.T.C.L.A(.29, 16.74).

According to some analysts, market was expected to get down after yesterdays abnormal increase but today's down fall was too early. It is also expected that market may be more down and then start coming up but there is no confirm news of when this will happen. Overall this is ideal time to put some shares in account and then wait. If market comes down, then buy again from lower price; otherwise wait for long term investment process. JSCL, AHSL, DG Khan Cement might be very good to invest. Best of luck

NOTE: The information posted in this blog (forum) is based on current afairs & invstors point of view. There may be discrepency in the ground realities

Karachi Stock Market (KSE 100 Index) June 17, 2009

At last, Karachi Stock Market (KSE 100 index) show tremendous performance today and 100 index shoots up 203 points and closed at 7076. Most traded share was Oil and Gas Development (OGDC) whose share price increased by 2.53 and closed at 72.70 rupees. Other most traded shares were JSCL(1.16, 24.52), AHSL (1.35, 28.50), National Bank (NBP 2.08, 64.27), Adamjee Insurance (3.86, 81.42), Azgard Nine Ltd. (1.04, 22.51), Nishat Mills Limited (1.84, 38.73), D.G. Khan Cement (1.29, 27.13), Lucky Cement (2.23, 58.70), Pakistan State Oil (PSO 5.01, 210.81) etc.

Market was supposed to be up but today's startup was unexpected. It seems investors have start taking interest in market and 100 index may continue to start going up. As I am insisting from last several posts that this is golden time to purchase for long term (at least 3-4 months) since some big hurdels like budget & CVT has been announced. Also year end of many companies is ahead after June 30. So it's expected that some sectors like Cement, Securities, Insurances will show positive result on the average and 100 index will also maintain its poistion. There is also possibility of reduction of inerest on banking sector; this will also aid up market to sustain its position. So investors should be comfortable and have patience. Best of Luck

NOTE: The information posted in this blog (forum) is based on current afairs & invstors point of view. There may be discrepency in the ground realities

Karachi Stock Market (KSE 100 Index) June 16, 2009

Karachi Stock Market (KSE 100 index) declined 80 points today and closed at 6872.96. At one point market was at 6847 points but it recovers a little in the end. Most traded share was DG Khan Cement whose share price decreased by -1.36 and closed at 25.84. Among other traded shares were Jahangir Siddique Company (JSCL -0.78, 26.36), Arif Habib Securities (AHSL -0.20, 27.15), Muslim Commercial Bank (MCB -1.17, 140.13), Nishat Mills Limited (NML -1.94, 36.89), Lucky Cement (-1.75, 56.47), Engro Chemical (-0.52, 128.70), Oil and Gas Developement(OGDC -1.04, 70.17) etc.

Market is getting down as it was expected after Saturday's budget speach. This down time may continue for this week or till Friday and market has to cover back from the ground level. Players will take adantage of this down fall and may take some of the shares like (AHSL, JSCL, AKD, Adamjee Insurance) up to an extent. But its player choice that when and what he buys from market to rais 100 index and selected shares up. Some analysts including Akeel Kareem Dadhy and other like this are hopping that market will recover back soon. So hope for the best.

NOTE: The information posted in this blog (forum) is based on current afairs & invstors point of view. There may be discrepency in the ground realities

Karachi Stock Market (KSE 100 Index) June 15, 2009

KSE 100 index was under pressure today since today was the first trading day after budget. Karachi Stock Market (KSE -100) index declined 103 points to be closed at 6953. Most traded share was D.G.Khan Cement whose share price decreased by 1.17 and closed at 27.20. Other traded companies are JSCL(-1.13), AHSL(-.10), Lucky Cement (+.98) and Adamjee Insurnace (-4.19).

According to analysts, this was natural decline in KSE-100 index and market will indexd up in next couple of days since CVT has been removed from stock market and many investors like this thing. Intersting sectors can be Cement, Securities (AHSL, JSCL, AKD Capital), banks (after decline) and energy sector since there will be inflation on oil and energy resources from July. This is the ideal time period (including next couple to days) to buy some strong traded shares for quick return. So have a closed watch on market these days. Best of luck.

NOTE: The information posted in this blog is based on current afairs & invstors point of view. There may be discrepency in the ground realities

Budget 2009 and Karachi Stock Exhange (KSE)

In budget 2009, 16% tax has been imposed on brokerage houses of Karachi Stock Exhcange (KSE). This will definitely effect market performance especially since this is a very large percentage of tax on stock brokers and they will ultimately recover this amount from investors. Next week (starting from Monday 15th 2009) may be very heavy for investors and market index will be down but this may the game of 2-3 days or whole week; ultimately market has to be up.

5% duty on local cars has been removed; this may lead to an increase of sales of Suzuki Vehicles. Also 16% tax has been imposed on banking services. Also there will be carbon duty on petroleum items that will definitely become part on increase of prices ob petrol and diesel.

If we keep above points in mind, that mean KSE - 100 index will be effected a lot especially on coming week but players may take this up from down since market is already touching its lower bounds. Anyways best of luck.

NOTE: The information posted in this blog is based on current afairs & invstors point of view. There may be discrepency in the ground realities.

Karachi Stock Market June 11, 2009

Today Karachi Stock Market (KSE 100 index) increased by 45 points to be closed at 7091. Most traded share was D.G. Khan Cement(D.G.K.Cement) with total trade volume of 12,726,300 and increased by 1.29 to be closed at 27.77. Almost all cement sector show very good response along with some insurance companies like Adamjee Insurance (increased by 4.15 and closed at 87.33), Askari General Insurance (increased by 1.15 and closed at 25.03), EFU and New Jubilee. Market was under pressure due to selling in energy sector.

There was also great volume of trade in securities sector and JSCL, AHL and AHSL show very good turn over. Market may be under pressure today but it seems that it will continue to increase in index since budget is going to be presented in National Assembly. Market may start going up rapidly on Monay or even it can get pressure of budget but this will be temprary effect and eventually market has to go up. Invesors are recomended to start taking interest in market and this may give them good turn over in the end. Best Of luck

NOTE: The information posted in this blog is based on current afairs & invstors point of view. There may be discrepency in the ground realities.

Karachi Stock Exchange June 10, 2009

Today Karachi Stock Exchange (KSE 100 index) declined 39 points to be closed at 7047 points. Market started with positive index but selling in banking & energy sectors turned 100 index to negative. Most traded share was JSCL whose share price decreased .71 and closed at 24.60. As I mentioned yesterday, market was under pressure and keeping vibrating whole day. Some banks keep consistency on there price like Royal Bank, Muslim Commercial Bank (MCB). Royal Bank is showing good response and expected to be round about RS 25 with same junk speed.

Analysts are hopping that market will release pressure after budget and may get its position back to some reasnable index. Also JUNE is going to be end as fyscle year for banking sector, so there may also increase of index by the end of June and start of July as bank start announcing their results (book values). Adamjee Insurance again start keeping up unexpectdly and investors are showing interests in this share but small investors should avoid this huge monkey.

NOTE: The information posted in this blog is based on current afairs & invstors point of view. There may be discrepency in the ground realities.

Karachi Stock Exchange June 9, 2009

Today Karachi Stock Exchange KSE 100 index show tremendous performance and market 100 index moves up 195 points to be closed at 7086. Again most traded share was Jahangir Saddique Company (JSCL) with total trade volume of 11,220,200 shares and increased by RS 1.16 to be closed at 25.31. There was huge volume of trade in banking, securities and energy secotrs and some banks show very good output including Habib Bank Ltd (HBL), Muslim Commercial Bank (MCB), Royal Bank of Scotland (RBS), National Bank of Pakistan (NBP) etc. and securites like JSCL, AHSL & AHL.

Market is showing good response after release of tax news and covering back slowely. Tommarrow (June 10, 2009) market may get vibrated due to some reasons including bomb blast in Peshawer five star hotel and selling of some shares by players. But in the end 100 index is expected to be positve with some good points. So don't worry as market is going to be stable for next couple of weeks if budget is business friendly (which is not expected from the government :)). Anyways hope for the best and do take part in trading.

Please read previous dates comments for replies.

Thank You

Karachi Stock Exchange June 8, 2009

Today Karachi Stock Exchange KSE -100 index declined 3 points and closed at 6892. At one point, market index was above 50 points but after that selling in some sector turned 100 index to negative. After midday market show great comeback due to buying in banking and energy sectors and that caused 100-index to recover its condition somehow. Most traded share was Jahangir Siddiqui Company (JSCL) whose share price increased by .48 and closed at 24.15 rupees.

Since the news of tax on stock market (shares) on upcoming budget is released as Mr. Shaukat Tareen claimed “There will be no tax on agriculture and stock market trading”, it is hopping that market should recover back. Also as I am mentioned earlier, that market will show very good turn back by the end and start of next week if all goes well in budget which we are hopping.

The most reasonable shares to buy in current circumstances are Jahangir Siddiqui Company (JSCL), Arif Habib Securities (AHSL), DG Khan cement and some banking sectors. Not to buy shares are Atlas Honda, Adamjee Insurance etc. Investors should start taking interest in stock market as it is very good point to get in.

Regarding my last post, one of the reader asked about target price of JSCL. The answer is:

"
I think this is the best time to buy JSCL. I will suggest to you to buy half of your targeted JSCL below RS 25 and wait for budget. You will know very well that whether to buy this share any more or not.

As target price is concerned, you know is Player's Shares and they can take this to any price. I think 35-40 will be normal one."

Also please refer to comments area for your reviews and replies of posted post.

Best of Luck

Karachi Stock Exchange June 5, 2009

A long down week of Karachi Stock Exchange at last get positive today and KSE-100 Index gained 16 points to close at 6894. 143 stocks closed up 120 closed down while 12 stocks remained unchanged. Jahangir Siddique Company Ltd (JSCL) closed at RS 23.67 down 0.33 paisa. Market is getting pressure of budget since it is almost ahead next week. Market may also keep getting down next week but ratio will be very low and players may take this up by the end of week. 15th June will be most impacting day on KSE 100 index since after budget this will be the first trading day and if there will some positive things in budget index will shoot up and if negative (which is already expected) then market will be down but it will start getting its position after 16th June 2009 due to influence of big players.

Players like some shares like JSCL, AHSL, AKD Capital, Pak Reinsurance (PAKRI), Adamjee Insurance, JOVC, Lucky Cement and D.G. Khan Cement overall. These shares might give good profit even if someone buys on current rate except AKD and Adam Jee since these will down more. Banking sector is also full of potential like National Bank of Pakistan (NBP), Muslim Commercial Bank (MCB), United Bank Ltd (UBL). So try to take risk by the mid or end of next week but buy only small (50% of your investment) and place other money after budget. Best of luck

Karachi Stock Exchange June 4, 2009

KSE 100 Index (Karachi Stock Exchange) today down 112 points to be closed at 6878. Most traded share was JSCL whose share price decreased 1.24 and closed at RS 24.00. As from last several posts, I am insisting to don't buy much and focus to sale on reasonable price; again this became true but a myth. As political, geographical and economical situation of Pakistan is not going well this along with other factors like news of imposing tax on KSE trading and brokage houses are key factors in KSE 100 index down fall.

Market may also keep going down next week but also there is news that it starting recovering under 6800 points or on Monday or Tuesday. Best shares to trade may be Arif Habib Securities (AHS) under rupees 25, JSCL under price 23, AKD under price 65, Adam Jee Insurance under price 70 or 60, AKD Capital under price 50 and some others. But please be very careful from market especially small investors. Best of Luck

Karachi Stock Exchange June 3, 2009

Today Karachi Stock Exchange KSE 100 Index declined 135 points to be closed at 6989. This is the highest declined of this week. Most traded share was Jahangir Saddique Company (JSCL) whose share price decreases 1.32 and closed at RS 25.20. AHSL also got down. At one point market was positve but selling in Energy and Cement sectors truned KSE 100 index to negative.

According to some analystes, market may get support from 6800 points and according to my point of view investors should take interest in market in second half of Friday BUT market may continue get affected since budget is ahead. Some interesting shares can be AHSL, JSCL and AKD after Friday first half. So have close look at them. Cheers...

Karachi Stock Exchange June 2, 2009

KSE 100 index (Karachi Stock Exchange) today was 85 points down to be closed at 7125 points. At one point market was 100 points negative. There was huge selling in banking, cement and energy secot As with my last several posts, I wrote market fluctuation especially down in this week. Some good shares like Gillette Pakistan, Colgate Pakistan, Unilever Pakistan are still consistent. However, some good shares (but now a days are rising due to speculations and players) like Altas Honda, Pak Reinsurance are also good but be very very carefull in these shares as these will come down with same speed as they are goint up.

Whereas, Arif Habib Securities (AHSL), Jahangir Siddique Company (JSCL) are concerned, these might come under RS 25 and this will the good time to buy these shares. AKD Capital will also be good under RS 70 or so but insvstors should be very carefull untill budget 2009 since there are news of taxes in Stock Exchange shares trading and agriculture. Best of Luck.

Karachi Stock Exchange June 1, 2009

Karachi Stock Exchange KSE 100 index was down today 66.27 points to be closed at 7210. As I mentioned in my last post that market may come down, we saw this affect today. Market will be in same cycle since budget is about to be presented on 13th June 2009. Today some of the leading shares like Arif Habib Security (AHSL), Jahngir Siddique Company(JSCL), Adamjee Insurance, AKD Capital, Attock Refinery Ltd. were down. However Atlas Honda was up since it showed a very good profit and I also mentioned in my last post that this share might go up.

As Adamjee Insurance is considered, I think it will come down since it went up so rapidly. I think it will be down atleast at RS 80. So buyer of this share should be carefull. Also AHSL and JSCL may go up but I think there range is about 33-35. So get your little profit and be asisde. Best of Luck