KSE breaks all Records: Touches Historic Mark

Society Pakistan & World Affairs
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**Another feather in PML-N Cap

showing the confidence of Investors in PML-N policies

Go on PML-N with your policies , Political Orphans of PTI & Co. will try their best to distract you whit non-issues !

Also Congratulations to Ishaq Dar for this milestone achievement !**

                      **[Market watch: Index breaks past 30,000-point barrier](http://tribune.com.pk/story/737152/market-watch-index-breaks-past-30000-point-barrier/)**

                                         By [Our Correspondent](http://tribune.com.pk/author/303/our-correspondent/)

               Published: July 18, 2014

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KARACHI: ** **

Karachi Stock Exchange’s (KSE) index broke past the coveted 30,000-point barrier for the first time on the back of heavy financial investment.**

At close, the KSE benchmark 100-share index rose 1.35% or **400.94 **points to end at a record 30,177.11.

Elixir Securities analyst Faisal Bilwani said Pakistan equities soared by 400 points and surpassed 30,000 to close at an all-time high. “This was a result of the index being pushed mainly by index heavy financials and energy stocks,” said Bilwani.

**“Morning news of Moody’s changing outlook to stable from negative for five banks; Allied Bank (ABL) +5%, Habib Bank (HBL) +1.9%, MCB Bank (MCB) 1.8%, National Bank (NBP) +1.1% and United Bank (UBL) +4.8%, ** helped confidence with broader market seeing a breakout post 30k as energy and cements pitched in, ” added Bilwani.

http://i1.tribune.com.pk/wp-content/uploads/2014/07/Graph12.jpg

“Fauji Cements (FCCL) 5% led volumes and hit upper price limit with Maple Leaf Cement (MLCF) PA +2.4% and Lafarge Pakistan (LPCL) +1.3% not so far behind on primarily retail activity.”

Meanwhile, JS Global analyst Fahad M. Ali said that bulls dominated the market. “Investors continued to remain bullish due to hefty foreign inflows and expectation of unchanged Monetary Policy Statement announcement.”

Trade volumes slightly rose to 206 million shares compared with Wednesday’s tally of 112 million.

Shares of 339 companies were traded on Thursday. At the end of the day, 211 stocks closed higher, 96 declined, while 32 remained unchanged. The value of shares traded during the day was Rs11.2 billion.

http://i1.tribune.com.pk/wp-content/uploads/2014/07/Graph22.jpg

FCCL was the volume leader with 20.2 million shares, gaining Rs1.01 to finish at Rs21.21. It was followed by K-Electric Limited with 18.2 million shares, gaining Rs0.27 to close at Rs7.77 and MLCF with 13.5 million shares, gaining Rs0.74 to close at Rs31.49.

Foreign institutional investors were net buyers of Rs643 million, according to data maintained by the National Clearing Company of Pakistan Limited.
*
Published in The Express Tribune, July 18[SUP]th[/SUP], 2014. *

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Re: KSE breaks all Records: Touches Historic Mark

Go PMLN … with number fudging policies :k:

oh sorry,

Go PMLN … withy typo policies :k:

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Re: KSE breaks all Records: Touches Historic Mark

Pnachhi pai, dunya main stocks main mandi ka rujhan hay, yeh Pakistan main achanak stocks ki qeematen kyon charh gaain? Is it a fraud "Dar Effect" on stock exchanges? Please give real reasons for this sudden rise.

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Re: KSE breaks all Records: Touches Historic Mark

^ are you sure about worldwide depression in stock prices? Dow Jones, S&P are making records every other day.

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Re: KSE breaks all Records: Touches Historic Mark

Financial year ends on June 30, and on that date, all brokers have to make sure they can properly account for the money they have on hand, whether in cash, or in stocks. 75% of the funds used for trading are undeclared, aka black money. This money is haphazardly pulled out of the market before June 30 to avoid declaration. That is why the market dropped in the final days of June

Post June 30, that black money makes its way back into the market slowly and steadily. Todays breakout signals that the money is back. Only ostriches with their heads buried in sand would rejoice at a Moody's report that speaks of how Pakistan has a better balance of payments situation because of incoming loan tranches.

A part of me wishes they remain in power till 2017, because that is when they have to start repaying this loan (along with dozens of previous loans). Im repeatedly reminded of 1993 and 1998, when PMLNs previous tenures were highlighted by bank defaults, and sovereign defaults.

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Re: KSE breaks all Records: Touches Historic Mark

This is funny.

budget can be one of the reason, why do you forget about Karachi airport attack, operation in NW and IK inqalab. All effect market one way or other.

secondly to prove you wrong the current index moves higher because of foreign buying of stocks.

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Re: KSE breaks all Records: Touches Historic Mark

Facts are usually funny.

A large portion of brokers income is parked in place like Dubai, UK, BVI Shell companies in order to avoid taxes, and is brought in every year right after tax amnesty schemes are announced. This drama has been going on for the past 3+ years. 4 tax amnesties in 3 years, That is a major chunk of your 'foreign funding'. Genuine foreign investors dont day trade. They buy in blocks and hold.

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Re: KSE breaks all Records: Touches Historic Mark

Still does not solve the problems of the common man.

issues = unemployment, ****ty educational divide and system, loadshedding, unsafe environment and violence-ridden country.

Even the army or police is not safe, nobody wants to visit even for sports........who would invest there?

NS invests heavily in UK, but won't in his own birthplace. Speaks volumes of the loyalty of these *******s running the country (includes ALL politicians)

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Re: KSE breaks all Records: Touches Historic Mark

It happens in every country, Pakistan is no different.

I am all for tax amnesty schemes that’s the only way to get the money back to supply Chain. In the meantime, PTI naya Peshawar:

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Re: KSE breaks all Records: Touches Historic Mark

It happens in other countries, but tax theft is usually followed up by an accountability process, instead of a rewarding process. Even a thoroughly corrupt country like India has gone after those using Switzerland as a safe haven. In Pakistan, our so called rulers are at the forefront of using tax havens, so one would be foolish to expect them to go after tax thieves. Instead, we rejoice when the market goes up to 30,000, without answering the age old question....how is the increasing wealth of 40 or 50 families helping a country of 190 million?

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Re: KSE breaks all Records: Touches Historic Mark

isnt Pakistan also going after Swiss money ?

in every country their are 20/30 large groups controlled by families, so again Pakistan is not different.

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Re: KSE breaks all Records: Touches Historic Mark

Difference being accountability. In Pakistan, there is none.

Ishaq Dar has already made a pre-emptive statement saying 'the process could take several years. Speedy timelines like these are always reserved for Pakistan.

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Re: KSE breaks all Records: Touches Historic Mark

^ at least they are in right direction.

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Re: KSE breaks all Records: Touches Historic Mark

You do know that it takes time? Swiss courts/laws do not work according wishes of Pakistan officials.

Swiss Banks Seek Tax Amnesty as Third Accept U.S. Offer - Bloomberg

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Re: KSE breaks all Records: Touches Historic Mark

^ IK aye ga do din mein sub kuch theak ho nai ga...

inqalab ata hai, laya nahi jata !

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Re: KSE breaks all Records: Touches Historic Mark

What about billions taken away and now they have 'factories' and 'assets' from that money?

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Re: KSE breaks all Records: Touches Historic Mark

"bias has blinded you completely" :@:

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Re: KSE breaks all Records: Touches Historic Mark

Comparing Pakistan’s situation with the US is as lopsided as anything. US is in a position to strongarm swiss banks by providing them options. Pakistan is not. Pakistan’s main problem here is money laundering, and here we are talking about a party whos leadership has made a career out of it. They cant dare to go after tax cheats within Pakistan, you think they will make a serious move to go after swiss accounts?

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Re: KSE breaks all Records: Touches Historic Mark

I remember when during Musharraf's time the markets were breaking records every day most of us were considered it artificial. I wonder from where the investment is coming from these days considering the law and order situation of the country.

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Re: KSE breaks all Records: Touches Historic Mark

Obviously you have no clue what you are talking about and will repeat a line you learnt today in multiple threads.