KSE: still best performing market

Simply_Seema · September 8, 2005, 8:09am

http://www.dawn.com.pk/2005/09/08/ebr2.htm

KARACHI, Sept 7: Scarcely believable but true. The Karachi Stock market has stood out as the ‘best performing stock market’ amongst some of the top global equity markets — both on a month basis (August) and over the previous eight month period (Jan-Aug) this year.

Given that the period includes the dreadful March crisis, when in just seven trading sessions between March 16 and 23, the KSE-100 index had plunged by 24 per cent or by as many as 2545 points from 10,510 to 7965 level, the overall eight-month fait accompli shows the resilience of the Pakistani bourse, or is that an indication of the extent of its volatility?

World stock markets have generally remained upbeat this year. Bulls have continued to dominate most bourses. On an eight months period since January, the KSE-100 index saw a steep rise of 25.4 per cent, which was way ahead of the second best, Mumbai stock exchange’s BSE-30 index, which gained 18.2 per cent. Some of the other global markets that saw their index climbing included: France’s CAC-40 index, up by 15.1 per cent; Strait Times Index of Singapore steadier by 10.1 per cent and FTSE-100 stronger by 10 per cent. Other indices though with less pronounced gains included: Japan’s Nikkei-225 up by 8 per cent; JKSE of Indonesia firmer by 5 per cent; Hang Seng of Hong Kong higher by 4.7 per cent; Dow Jones Composite rising by 1.8 per cent and KLSE of Malaysia recording a minor gain of under one per cent.

A comparative study prepared by First National Equities (FNE) also showed that during the month of August, the KSE-100 index rose by a handsome 8.6 per cent, which translated to a total of 618 points. The index closed at 7797. Among the above selected global markets nearly half faltered during August. Those included the bourses of US; Malaysia; France; Singapore and Indonesia. Markets that posted minor gains included those of Japan; Bombay; US and Hong Kong.

Nikkei 225 got to be the second good gainer with a rise of 4.3 per cent. BSE-30 was up by 2.2 per cent. FTSE 100 and Hang Seng edged higher by a minor 0.3 and 0.2 per cent, respectively.

JKSE was the top loser during August with the index down 11.2 per cent; followed by loss of 3.3 per cent in Strait Times Index; 2.5 per cent in KLSE; 1.2 per cent in CAC-40 index and Dow Jones Industrial Average, which shed 1.1 per cent.

The Karachi bourse started out the month of August in a volatile mood as the KSE-100 index hit the month low of 6856 level, though recovering quickly to begin the climb. The index depicted a healthy gain of 618 points to end the month at 7796.86 points, which happened to be the highest level since the mid- March crisis. But unlike the last bull-run, surprisingly, all quarters are maintaining a silence on the matter. No one is inclined to claim credit for the superb performance of the Pakistani bourse this year, lest the same party might have to take the blame for the market’s decline, if that comes along. Among the several lessons that the March crisis has taught the people in the Government; market participants, stakeholders and monitors, is this one that would be long remembered: Not to wave the flags too high.

:jhanda:

smooth_guy · September 8, 2005, 3:55pm

Re: KSE: still best performing market

Allah reham karey! There are hundreds and thousands of poor families that have invested in KSE in last 2 years. May God bless the poor.

koolest_boy · September 19, 2005, 8:49pm

Re: KSE: still best performing market

Well ... every investment contain some amount of risk ...
there are many people who earns a lot when KSE was making records .. but then ,.. few people which were intelligent .. they know the market will come down and they sold their all shares in the market at the time of peak ...

and at that time KSE attracted small investors thorugh its records .. and then they bear a great loss ... some families have lost their properties ... MAY GOD bless them ...

i will only say that there should be balance in everythign ... then that will definaltely profitable for you ...
now a days ... KSE is again getting better ... yesterday it was on +7500 i dont know the exact figure ... now a days i am not in touch ...

yubin · September 20, 2005, 6:19am

Re: KSE: still best performing market

well, only few can earn more from this and May god bless the poor

Simply_Seema · September 23, 2005, 11:14am

Re: KSE: still best performing market

wat i dun understand is dat y those so called POOR PPL invest in stock market . Share trading is abt taking risks n if 1 is not ready 2 face losses then he/she shud not b here @ the first place. Now adays every one wants to be rich in few days wid out doin much effort, same is da case wid KSE. after PPL n OGDC phenomena da common man considered stock invstmnt da best option for higher returnz. I hv seen such ppl standing in queues of submission of applications who dun even know how 2 buy aalooz properly .

Playin in stock market needs 1 to hv proper knowledge, required xpertise, a lil luck n loadz of common sense, especially in markets like KSE where large trading companies and ghost buyers hv got their own planz. Buying certain shares just because ev1 else is buyin or speculation clearly justfies crashing down of a bullish market.

koolest_boy · September 27, 2005, 5:52am

Re: KSE: still best performing market

i am totally agree with seema ... Risk factor involves in it ...
and here many stupid ones joined KSE which doesnt knw anythng about it ...

Agar jahan hum 1 days millioaire banne ka sooch kar join karte hain ... wahan phir is baat par itna kiu roote hain keh we have lost everything ... KSE NEVER promise to be only beneficial for u ... only u and ur wisdom can make u rich ...

bob_chasm · October 1, 2005, 3:47pm

Re: KSE: still best performing market

KSE is over 8000. I guess the poor can get off now.

regards,

bob

legbreakgoogly · October 9, 2005, 1:26am

Re: KSE: still best performing market

Simply Seema:

wat i dun understand is dat y those so called POOR PPL invest in stock market . Share trading is abt taking risks n if 1 is not ready 2 face losses then he/she shud not b here @ the first place. Now adays every one wants to be rich in few days wid out doin much effort, same is da case wid KSE. after PPL n OGDC phenomena da common man considered stock invstmnt da best option for higher returnz. I hv seen such ppl standing in queues of submission of applications who dun even know how 2 buy aalooz properly .

Playin in stock market needs 1 to hv proper knowledge, required xpertise, a lil luck n loadz of common sense, especially in markets like KSE where large trading companies and ghost buyers hv got their own planz. Buying certain shares just because ev1 else is buyin or speculation clearly justfies crashing down of a bullish market.

Can you please stop using “z”'s at the end of words, its very annoying.