Stock Market

KSE Update 20 May 2009 - KSE Goes Gloomy

noreply@blogger.com (Right Advice) — Thu, 21 May 2009 05:12:00 +0000

Stock passed through another lean session on Wednesday as leading investors remained busy with the auction of Treasury Bills amid market talk of higher yields leaving the market at the mercy of jobbers and short-term dealers.

“The performance of the benchmark index over the last couple of sessions is reminiscent of ‘ floor-era’ but the current one appears to have been Talibanised,” some analysts say linking sluggishness to the Swat operation and its fallout through the country.

A market having daily trading potential of well over Rs30 billion is being confined to a meager Rs4 billion as investors overwhelmed by the external factors have no appetite for shares available at a terribly discounts rates, the said.

The T- bill auction depending an the size and yields could give a modest push to trading on Thursday, but investors are worried about law and order and conflicting reports about the taxes in the new budget to fill in the revenue gap after the proposed cut in the petroleum prices may not allow consolidation forces to play their due role, some others fear.

Everyone is playing safe and for good reasons too and may stay away until the current dust raised on all the fronts settles down, they said.

The KSE 100-shares index posted a fresh modest fall of 7.13 points at 7,060.72 amid highly erratic movements, while its junior partner the KSE 30-shares index shed 9.01 points at 7,592.16 as leading base shares generally remained dormant.

Minus signs again dominated the list under the lead of Siemens Pakistan and Bata Pakistan, sharply lower by Rs19.87 and Rs33.25 followed by KSB Pumps, Millat Tractors, Colgate Pakistan, Service. Industries, Shezan International, Tri- Pak Films and Exide Pakistan, off by Rs3 to Rs5.16.

PECO and Atlas Honda were among the top gainers, up by Rs8 and Rs4.02.

Others rose modestly under the lead of Pakistan Petroleum, Quetta Textiles, PICT, ICI Pakistan and Adamjee Insurance, up by are Rs2.10 to Rs3.72.

Turnover figure showed a modest rise at 81m shares from the previous 75m shares but losers held strong lead over the gainers at 197 to 100, with 13 shares holding on the last levels.

JS & Co, lower by 73 paisa at Rs25.20 on 9m shares followed by D.G. Khan Cement, up Rs13 at Rs25.52 on 7m shares, Adamjee Insurance, higher by Rs3.72 at Rs80.75 on 5m shares, Lucky Cement, lower 24 paisa at Rs54.57 also on 5m shares, Arif Habib securities, easy 35 paisa at Rs26.63 on 4m shares, Fauji Fertiliser Bin Qasim, off 34 paisa at Rs16.90 on 3m shares and Bank Alfalah, steady by 18 paisa at Rs12.25 on 3m shares.

OGDC followed them, up 61 paisa at Rs73.41 on 3m shares, National Bank, off 65 paisa at Rs72.11 also on 3m shares and Engro Chemical, lower by Rs1.41 at Rs135.26 on 2m shares.

KSE Update 19 May 09 - Investors Continue to Show Low Interest

noreply@blogger.com (Right Advice) — Thu, 21 May 2009 04:30:00 +0000

The share market on Tuesday lacked normal trading interest as leading investors kept to the sidelines having an overview of the Swat operation and its likely impact on the economy and stock business. The KSE 100- shares index was off 105 points or 1.46 per cent at 7,067.85.

“The perception that the Swat operation that the Swat operation may be quick is not compatible with the ground realties,” analysts believe. “ Most of investors having some rethinking on the issue are planning a new strategy to minimise financial risks in the developing situation.

Budget uncertainties notably on fears of imposition of taxes on the capital market and pressures on the economy are also taking their toll, they added.

The fall un the turnover figure at 75m shares reflected that buying interest from all the quarters was fading and most of the active investors were knocking at the exit outlets.

“One can give hundred reasons behind the market’s current plight but the hard fact is that it lacked normal buying support and no one is inclined to make fresh commitments,” said a broker and added that everyone was looking for a safe haven.

While renewed selling by some of the leading foreign investors continued to have its toll even on the blue chip counters, support from the state Enterprise Fund and financial institutions was progressively falling leaving the market at the mercy of jobbers.

Although the KSE 100-shares index posted a fresh loss of 1.46 per cent or 105.00 points at 7,067.85 on the weakness of leading base shares, price changes on the either list were modest reflecting a near-status quo.

Its junior partner the KSE 30-shares index, which resisted fresh fall a day earlier, also followed the market’s general line of action and fell by 182.18 points or 1.84 per cent at 7,601.17.

Unlike the previous sessions, most of the price changes on the entire list were moderates and in no way reflected panic-selling even from the foreign investors.

Minus sign dominated the list under the lead of Unilever Pakistan and Bata Pakistan, off Rs11.33 and Rs35 followed by MCB Bank, Mehmood Textile, Pakistan Oilfields, Pakistan Petroleum, Ferozsons Lab, Arif Habib Ltd and Sanofi-Aventis, off by Rs3.36 to Rs7.48.

Nestle Pakistan and Colgate Pakistan were leading among the gainers, up by Rs7 and Rs9 followed by JS Global, Atlas Honda, Millat Tractors, PICT and Clover Pakistan, which rose by Rs2.17 to Rs4.02.

Trading volume further shrank to 75m shares from the previous 110m shares as losers held a strong lead over the gainers at 203 to 101, with 16 shares holding onto the last levels.

JS & Co came un for active selling and led the lest of actives, off Rs1.16 at Rs25.93 on 10m shares followed by Arif Habib Securities, easy by 76 paisa at Rs26.98 on 5m shares, D.G Khan Cement lower 51 paisa at Rs24.39 also on5m shares, Lucky Cement, off Rs 1.59 at Rs54.81 on 3m shares and MCB Bank, off Rs3.36 at Rs8.96 also on 3m shares.

OGDC followed them, off 75 paisa at Rs 72.80 an 3m shares, Pakistan Oilfields sharply lower by Rs4.51 at Es148.90 also on 3m share, Adamjee Insurance fell by Rs2033 on 2m shares, Engro Chemical easy by 26 paisa at Es136.67 also on 2m shares and Bank Alfalah down 27 paisa at Es 12.07 in 2m shares.

Market Update - 18 May 09 - KSE Choppy in Dull Trading

noreply@blogger.com (Right Advice) — Tue, 19 May 2009 06:13:00 +0000

The share market on Monday passed through a terribly dull session as leading investors remained conspicuous by their absence apparently awaiting the reduction in petroleum prices and having an overview of the Swat operation.

The benchmark KSE 100-share index was quoted lower by 4.79 points at 7,172.85, but on the other hand its junior partner the KSE 30-share index rose by 22.62 points at 7,743.35 on stray short covering in leading base shares.

However, the fractional price changes and steep decline in the turnover figure indicates that both the bulls and the bears are maintaining a status quo until a cut in petroleum prices is announced by the government ,analyst Ashraf Zakaria said, “ The talk of five to seven percent cut in petroleum prices is too meager in view of the prevailing oil prices on the international markets,” they said, adding the next couple of sessions prior to the announcement may be crucial for the future market trend.

However, leading oil shares maintained a status quo and did not react bearishly to conflicting reports about the possible cut in prices and leading among them rose modestly under the lead of PSO, which was marked up by Rs2.68.

Although the federal budget is likely to be announced possibly on June 6, the IMF relief of Rs190 billion after having linked tax revenue target with GDP growth is still to play its positive role in the share trading, analyst Hasnain Asghar Ali hopes.

“Tax worries despite official announcements about the extension of capital gain tax for another year, notably on the issue of capital value and withholding taxes did have their toll on certain sectors, analyst Ahsan Mehanti said, adding the chief factor appears to be lack of support even from the State Enterprise Fund.

Leading gainers were led by Unilever Pakistan and Pakistan services, up by Rs11.33 and Rs8.45, followed by Javedan Cement, Engro Chemical, Altas Honda, Adamjee Insurance
S h e e z a n International and ICI Pakistan, which were quoted higher by Rs19 to Rs5.49. Siemens Pakistan were among the top losers, off Rs20.13 and Rs14.99. They were followed by Attock Petroleum, Pak-Suzuki Motors, Glaxo-SKF, Clover Pakistan, Colgate Pakistan and HinoPak, which were marked down by Rs2.50 to Rs5.56.

Trading volume fell to 110m shares from the previous 121m shares as losers held a modest lead over the gainers at 158 to 148, with 17 shares holding on to the last levels.

Pak PTA led the list of actives, steady by 18 paisa at Rs3.10 on 17m shares,JS&Co, up Rs1.06 at Es27.09 on 10m shares, D.G. Khan Cement, higher by Rs1.12 at Rs24.90 on 9m shares, Lucky Cement, firm by 63 paisa at Rs56.40 on 6m shares, Bank Alfalah, easy three paisa at Ra12.34 also on 6m shares, NIB Bank, lower four paisa at Es5.65 on 5m shares, and Arif Habib Securities, up Rel at Es27.74 on 4m shares, Adamjee Insurance followed them, sharply higher by Es3.43 at Es79.36 on 4m shares,Azgard Nine, firm by 42 paisa at Rs19.05 on 3m shares, and Pakistan Oilfields, fell by 53 paisa at Rs153.41 also on 3m shares.

Pakistan Oilfields came in for stray support and was quoted higher by Rs3 at Rs156 on 1,000 shares, Azgard Nine, rose by 43 paisa at Rs19.73, but on the other hand all the contracts of Allied Bank suffered modest fall, without and deal.

Other leading shares ruled mixed but some of them managed to finish higher under the lead of PSO, Pakistan Oilfields and ICI Pakistan sans any business.

Mixed trend was seen on this counter amid alternate bouts of buying and selling amid fractional price changes barring suhail Jute and Syed Match, which fell by 84 paisa and Rel, without any deal.

Among the actives, Zeal Pak Cement was leading, unchanged at Rs0.42 on 0.364m shares followed by Quice Foods, easy by one paisa at Rs1.84 on Es82,500 shares, Services Fabrics, static at Rs0.34 on 34,000 shares.

Mehran Sugar Mills, interim bonus shares at the rate of 20 per cent.

Cricket - ICC Twenty20 World Cup 2009

noreply@blogger.com (Right Advice) — Mon, 18 May 2009 10:22:00 +0000

Dear Readers,

The excitement is on for the forthcoming ICC Twenty20 World Cup 2009 Cricket Tournament in England starting 5th June 2009. Most of you will be watching live games at homes or clubs, but some of you may be getting bored at work trying to get out and grab a tv to watch the games live. Well, if you are to resort to internet to watch the scores, then there are two websites namely, www.cricket-4-u.com and www.cricfocus.com where you can find live coverage of the game. The sites update scores faster and provide you with detailed statistics of the game(s).

Good luck!

KSE - Stocks listed on Karachi Stock Exchange

noreply@blogger.com (Right Advice) — Wed, 13 May 2009 07:35:00 +0000

please find below the stocks listed at Karachi Stock Exchange:

SYMBOL/ COMPANY
AABS
AL-Abbas Sugur
AACIL
Al-Abbas Cement
AASM
AL-Abid Silk Mills
AASML
Al-Asif Sugar Mills
AATM
Ali Asghar
ABL
Allied Bank
ABL-CJUL
ABL-CJUL
ABL-CJUN
ABL-CJUN
ABL-CMAY
ABL-CMAY
ABLTFC
Allied Bank (TFC)
ABOT
Abbott (Lab)
ABSON
Abson Ind.
ACCM
Accord Tex.
ACPL
Attock Cement Pak.
ADAMS
Adam Sugar
ADMM
Artistic Denim
ADOS
Ados Pakistan
ADPP
Adil Poly
ADTM
Adil Textile
AGIC
Ask.Gen.Insur
AGIL
Agriautos Industries
AGTL
AL-Ghazi Trac. Ltd.
AHBL
Arif Habib Bank
AHI
Arif Habib Inv. Ltd.
AHL
Arif Habib Limited
AHSL
Arif Habib Sec.
AHSL-CJUL
AHSL-CJUL
AHSL-CJUN
AHSL-CJUN
AHSL-CMAY
AHSL-CMAY
AHTM
Ahmed Hassan
AICL
Adamjee Insurance
AICL-CJUL
AICL-CJUL
AICL-CJUN
AICL-CJUN
AICL-CMAY
AICL-CMAY
AKBL
Askari Bank Ltd.
AKBL-CJUL
AKBL-CJUL
AKBL-CJUN
AKBL-CJUN
AKBL-CMAY
AKBL-CMAY
AKDCL
AKD Capital
AKGL
AL-Khair Gadoon Ltd
ALFT
Alif Tex.
ALICO
American Life
ALNRS
AL-Noor Suger
ALQT
AL-Qadir Tex
ALTN
Altern Energy
AMAT
Amazai Tex.
AMMF
AL-Meezan Mut
AMSL
AL-Mal Sec.
AMZV
AMZ Ventures A
ANL
Azgard Nine XB
ANL-CJUL
ANL-CJUL
ANL-CJUN
ANL-CJUN
ANL-CMAY
ANL-CMAY
ANLCPS
Azg Con.P.8.95 Perc.XD
ANLNCPS
AzgN.ConP.8.95 Perc.XD
ANLNV
Azgard(Non-Voti) XB
ANLNVR
Azgard(Non-Vot)R
ANLPS
Azgard (Pref)
ANLR
Azgard Nine(R)
ANLTFC
Azgard Nine(TFC)
ANNT
Annoor Tex.
ANSS
Ansari Sugar
APL
Attock Petroleum
APOT
Apollo Tex.XD
APXM
Apex Fabrics
AQTM
Al-Qaim Tex.
ARM
Allied Rental Mod.
ARPAK
Arpak Int.
ARUJ
Aruj Garments
ASFL
Asian Stocks Fund
ASHT
Ashfaq Textile
ASIC
Asia Insurance
ASKL
Askari Leasing Ltd.
ASML
Amin Sp.
ASMLRAL
Amin Sp.(RAL)
ASTM
Asim Textile
ATBA
Atlas Battery
ATBL
Atlas Bank Ltd
ATBLR
Atlas Bank (R)
ATEL
Atlas Engg. Ltd
ATFF
Atlas Fun. of Fund
ATIL
Atlas Insurance XDXB
ATLH
Atlas Honda
ATRL
Attock Refinery Ltd.
ATRL-CJUL
ATRL-CJUL
ATRL-CJUN
ATRL-CJUN
ATRL-CMAY
ATRL-CMAY
AWAT
Awan Textile
AWTX
Allawasaya
AYTM
Ayesha Textile
AYZT
Ayaz Textile
AZAMT
Azam Tex
AZLCL
Al-Zamin Leas
AZLCLTFC-II
Al-Zamin LeasTFCII
AZLM
AL-Zamin Mod
AZLMTFC
AL-Zamin (TFC)
AZLMTFC-II
AL-Zamin (TFC)II
AZMT
Azmat Tex.
AZTM
AL-Azhar Tex.
BAFL
Bank Al-Falah XB
BAFL-CJUL
BAFL-CJUL
BAFL-CJUN
BAFL-CJUN
BAFL-CMAY
BAFL-CMAY
BAFS
Baba Farid
BAHL
Bank AL-Habib
BAHL-CJUL
BAHL-CJUL
BAHL-CJUN
BAHL-CJUN
BAHL-CMAY
BAHL-CMAY
BAHLTFC
Bank Al-Habib(TFC)
BAHLTFC-II
Bank AlHabTFCII
BAHT
Bhawalpur Tex.
BAPL
Bawany Air
BATA
Bata (Pak) XD
BAWS
Bawany Sugar
BBIIIA
US (Dollar) B 3 YEARS A
BBIIIB
US (Dollar) B 3 YEARS B
BBIIIC
US (Dollar) B 3 YEARS C
BBIIID
US (Dollar) B 3 YEARS D
BBVA
US (Dollar) B 5 YEARS A
BBVB
US (Dollar) B 5 YEARS B
BBVC
US (Dollar) B 5 YEARS C
BBVD
US (Dollar) B 5 YEARS D
BBVIIA
US (Dollar) B 7 YEARS A
BBVIIB
US (Dollar) B 7 YEARS B
BBVIIC
US (Dollar) B 7 YEARS C
BBVIID
US (Dollar) B 7 YEARS D
BCL
Bolan Casting Ltd.
BCML
Babri Cotton
BEEL
Bela Engg.
BEEM
Beema Pakistan
BELA
Bela Automotive
BERG
Berger Paints
BFMOD
B.F.Modaraba
BGL
Bal.Glass
BHAT
Bhanero Tex Mills
BIFO
Biafo Industries
BIIC
Business Ins.
BILF
Bilal Fibres.
BIPL
Bankislami Pakistan
BNWM
Bannu Woollen
BOC
BOC (Pak) Ltd.
BOK
Bank Of Khyber
BOP
B.O.Punjab
BOSI
Bosicor Pakistan
BPBL
B.P.Board
BPGF
BMA Principal
BROT
Brothers Tex
BRR
B.R.R.Guardian
BSML
Baig Sp.
BTL
Blessed Tex Mills
BUXL
Buxly Paints Ltd
BWCL
Bestway Cem
BWHL
Bal.Wheels Ltd
CARF
Caravan Fabrics
CASS
Casspak Ind.
CCBLR
Cres.Com.Bank(R)
CEFP
Central Forest
CENI
Century Insurance
CEPB
Century Paper
CFL
Crescent Fibres
CHAS
Chashma Sugar
CHBL
Chenab Limited
CHCC
Cherat Cement
CICL
Central Insurance
CJPL
Crescent Jute
CLCPS
Chenab Ltd.(Pref)
CLIM
Climax Eng.
CLOV
Clover Pakistan
CML
Colony Mills Ltd
COLG
Colgate Palm
COST
(Colony) Sarhad
COTT
(Colony) Thal
COWM
Colony Woollen
CPAL
Cap.Assets Leasing
CPL
Clariant Pak
CPMFI
F.Cap.Mut.Fund
CPSL
Cherat Paper Ltd
CRSM
Cres.Sping.
CRTM
Crescent Textile
CSAP
Crescent Steel
CSAP-CJUL
CSAP-CJUL
CSAP-CJUN
CSAP-CJUN
CSAP-CMAY
CSAP-CMAY
CSIL
Cres.Star Ins.
CSM
Cres. Stand.Mod.
CSMD
Crescent Sugar
CSUML
Colony Sugar Mills
CTTL
Callmate Telips
CWSM
Chakwal Spinning
DAAG
Data Agro
DABL
Dadabhoy Leas
DADX
Dadex Eternit Ltd
DATM
Data Textile
DAWH
Dawood Hercules
DBCI
Dadabhoy Cement
DBSL
Dadabhoy Sack
DCL
Dewan Cement
DCM
Dawood Cap.Man XB
DCTL
Dadabhoy Const.
DEIC
Delta Ins.
DEL
Dawood Equities
DFML
Dewan Motors
DFSM
Dewan Farooque Sp.
DGKC
D.G.K.Cement
DGKCR
D.G.Khan(R) SPOT
DICL
Dadabhoy Ins.
DIIL
Diamond Ind.
DINT
Din Textile
DKTM
Dewan Khalid
DLL
Dawood Lawrencepur
DMTM
Dewan Mushtaq
DMTX
D.M.Textile
DNCC
Dandot Cement
DOL
Descon Oxychem
DOMF
Dominion Stock
DREL
Dreamworld
DSFL
Dewan Salman
DSIL
D.S. Ind. Ltd.
DSL
Dost Steels Ltd.
DSML
Dar-es-Salaam
DWAE
Dewan Auto Engg
DWSM
Dewan Sugar
DWTM
Dewan Textile
DYNO
Dynea Pakistan
ECOP
ECOPACK Ltd
EFUG
EFU General Ins
EFUL
EFU Life Assur Ltd.
ELCM
Elahi Cotton
ELSM
Ellcot Sp.
EMCO
EMCO IND.
ENGL
English Leas
ENGRO
Engro Chem.
ENGRO-CJUL
ENGRO-CJUL
ENGRO-CJUN
ENGRO-CJUN
ENGRO-CMAY
ENGRO-CMAY
ENGROR
Engro (R) SPOT
ENGROTFC-II
Engro Chem.TFCII
EPCL
Engro Polymer
ESBL
Escorts Bank
ETNL
Eye Television SPOT
EWIC
East West Insurance
EWLA
East West Life Ass.
EXIDE
Exide (PAK)
EXTR
Extraction
FABL
Faysal Bank Ltd.
FABL-CJUL
FABL-CJUL
FABL-CJUN
FABL-CJUN
FABL-CMAY
FABL-CMAY
FABLTFC
Faysal BankTFC
FAEL
Fatima Enter
FANM
AL-Noor Modaraba
FASM
Faisal Spinning
FATEH
Fateh Ind.
FAZAL
Fazal Veg.Ghee
FCCL
Fauji Cement
FCCL-CJUL
FCCL-CJUL
FCCL-CJUN
FCCL-CJUN
FCCL-CMAY
FCCL-CMAY
FCIBL
First Credit and Inv
FCONM
Constellation Mod
FCSC
Ist.Capital Sec.
FDBM
Dadabhoy Mod.
FDIBL
Ist.Dawood Bank XB
FDMF
F. Dawood Mut.Fund
FECM
Elite Cap.Mod
FECS
Fecto Sugar
FECTC
Fecto Cement
FEM
Equity Mod.
FEROZ
Ferozsons (Lab)
FFBL
Fauji Fert Bin
FFBL-CJUL
FFBL-CJUL
FFBL-CJUN
FFBL-CJUN
FFBL-CMAY
FFBL-CMAY
FFC
Fauji Fertiliz Co.
FFC-CJUL
FFC-CJUL
FFC-CJUN
FFC-CJUN
FFC-CMAY
FFC-CMAY
FFLM
1st.Fid.Leasing Mod
FHAM
Habib Mod
FHBM
H.B.L.Mod.
FIBLM
I.B.L.Modaraba
FIFM
Interfund Mod.
FIM
First Inv. Mod
FIMM
Imrooz Mod
FISM
Islamic Mod.
FLYNG
Flying Cement
FNBM
Nat.Bank Mod
FNEL
F. Nat.Equities
FPJM
Punjab Modaraba
FPRM
Paramount Mod
FRCL
Frontier Ceramics
FRSM
Faran Sugar
FSMLO
Frontier (O)
FSMLPVII
Frontier (P)
FSWL
Fateh Sports
FTHM
Fateh Textile Mills
FTM
Fawad Tex.
FTSM
Tri-Star 1st.
FTWM
Tawakkal Mod.
FUDLM
U.D.L.Mod.
FZCM
Fazal Cloth
FZTM
Fazal Textile Ltd.
GADT
Gadoon Textile
GAEL
Gauhar Engg Ltd
GAIL
Ghani Automobile
GAMON
Gammon Pak
GASF
Golden Arrow
GATI
Gatron Industr
GATM
Gul Ahmed Textile
GATMR
Gul Ahmed(R)
GENP
Genertech
GFIL
Ghazi Fabrics
GHGL
Ghani Glass Ltd.
GHNI
Ghandhara Ind.
GHNL
Ghandhara Nissan
GLAT
Glamour Tex.
GLAXO
GlaxoSmithKline Pak.
GLIN
Goodluck Ind Ltd
GLOT
Globe Textile
GLPL
Gillette Pak
GMDP
Ghulam Dadabhoy
GNDL
Ghandhara Diesel
GOEM
Globe (O.E)
GRAYS
Grays of Camb.(Pak)
GRYL
Grays Leasing
GSPM
Gulshan Spinning
GTYR
General Tyre
GUSM
Gulistan Spinning
GUTM
Gulistan Textile
GVGL
Ghani Value Gla
GWLC
Gharibwal Cement
HABSM
Habib Sugar Mills
HACC
Hashimi Can
HADC
Haydery Const
HAFT
Hafiz Textile
HAJT
Hajra Textile
HAL
Habib-ADM Ltd.
HASM
Hala Spinning
HATM
Hamid Textile
HAWM
Harnai Woollen
HBL
Habib Bank Ltd
HBL-CJUL
HBL-CJUL
HBL-CJUN
HBL-CJUN
HBL-CMAY
HBL-CMAY
HCAR
Honda Atlas Cars
HICL
Habib Insurance
HINO
Hinopak Motor
HINOON
Highnoon (Lab) XD
HIRAT
Hira Textile Mills
HKKT
Hakkim Tex.
HLEL
Hala Enterpries
HMB
Habib Metro Bank
HMICL
Hallmark Insura
HMIM
H.M.Ismail
HSPI
Huffaz Pipe Pipe
HTML
Harum Tex Mills.
HUBC
Hub Power Co. Ltd
HUBC-CJUL
HUBC-CJUL
HUBC-CJUN
HUBC-CJUN
HUBC-CMAY
HUBC-CMAY
HUSI
Hussain Industries
HUSS
Hussein Sugar
HWQS
Haseeb Waqas
IALC
Interasia Leasi
IBFL
Ibrahim Fibres
IBLHL
IBL HealthCare Ltd
ICCT
I.C.C.Textile
ICI
ICI Pakistan
ICI-CJUL
ICI-CJUL
ICI-CJUN
ICI-CJUN
ICI-CMAY
ICI-CMAY
ICIBL
Invest Bank
ICL
Ittehad Chem.
IDEN
Ideal Enegy
IDRT
Idrees Tex.
IDSM
Ideal Sp.
IDYM
Indus Dyeing and Mfg.
IFGI
Ittefaq Gen.Ins.
IFSL
Invest and Fin.Sec.
IGIBL
IGI Inv.Bank
IGIIL
IGI Insurance
IIBL
Islamic Bank
ILTM
Island Textile
INDF
Indus Fruit
INDP
Indus Poly.
INDU
Indus Motor
INIL
Int. Ind.XR
INKL
Int.Knitwear
INMF
Inve Mut.Fund
ISHT
Ishtiaq Tex
ISIL
Ismail Ind.
ISTM
Ishaq Textile
ITFT
Ittefaq Textile
ITSL
Investec Sec.
ITTM
Itti Textile
JATM
J.A.Textile
JDMT
Janana D Mal
JDWS
J.D.W.Sugar
JKSM
J.K.Spinning
JOPP
Johnson and Philips
JOVC
J.O.V.and CO.
JPGL
Japan Power
JSBL
JS Bank Ltd
JSCL
Jah.Sidd. Co.
JSCL-CJUL
JSCL-CJUL
JSCL-CJUN
JSCL-CJUN
JSCL-CMAY
JSCL-CMAY
JSCLR
Jah. Sidd.(R)
JSGCL
JS Global Capital
JSGF
JS Growth
JSIL
JS Investments Ltd
JSVFL
JS Value Fund
JUBS
Jubilee Sp.
JUCM
Junaid Cotton
JVDC
Javedan Cement
KACM
Karim Cotton
KAKL
Kaiser Art and Kr
KAPCO
Kot Addu Power Co.
KAPCO-CJUL
KAPCO-CJUL
KAPCO-CJUN
KAPCO-CJUN
KAPCO-CMAY
KAPCO-CMAY
KASBB
KASB Bank Ltd.
KASBM
KASB Modaraba
KASBSL
KASB Securities
KASM
Karim Silk
KAUS
Kausar Paints
KCL
Karam Ceramics Ltd
KESC
K.E.S.C.
KHSM
Khurshid Sp.
KHTC
Khyber Tob. Co.Ltd.
KHYT
Khyber Tex.
KML
Kohinoor Mills
KOHC
Kohat Cement Co.
KOHE
Kohinoor EnergySPOT
KOHL
Kohinoor Looms
KOHP
Kohinoor Power Co.
KOHS
Kohinoor Sugar
KOHTM
Kohat Textile
KOIL
Kohinoor Ind.
KOSM
Kohinoor Spinning
KPOL
Kashmir Polytex
KPUS
Khairpur Sugar
KSBP
K.S.B.Pumps XDXB
KSE30-JUL
KSE30-JUL
KSE30-JUN
KSE30-JUN
KSE30-MAY
KSE30-MAY
KSTM
Khalid Siraj
KTML
Kohinoor Textile
LAKST
Lakson Tobacco
LATM
Latif Jute
LEUL
Leather Up
LIBM
Liberty Mills Ltd.
LIBT
Libaas Textile
LMSM
Land Mark Sp.
LPCL
Lafarge Pakistan Cem
LPGL
Leiner Gelatine
LTVM
L.T.V.Mod
LUCK
Lucky Cement
LUCK-CJUL
LUCK-CJUL
LUCK-CJUN
LUCK-CJUN
LUCK-CMAY
LUCK-CMAY
MACFL
MACPAC FilmsXR
MARI
Mari Gas Company
MBF
Meezan Bal. Fund
MCB
MCB Bank Ltd.
MCB-CJUL
MCB-CJUL
MCB-CJUN
MCB-CJUN
MCB-CMAY
MCB-CMAY
MDTL
Media Times Ltd
MDTM
Mehr Dastgir
MEBL
Meezan Bank
MEBLR
Meezan Bank(R)
MEDI
Medi Glass
MEHJ
Mehran Jute
MEHT
Mehmood Tex Mills
MERIT
Merit Pack
MFFL
Mithchells Fruit
MFTM
Mohd.Farooq
MIGM
Mineral Grind
MIRKS
Mirpurkhas Sugar
MLCF
Maple Leaf Cem.
MLCFPS
Maple Leaf(Pref)
MLCL
M.L.C.
MMDS
Mian Mohammad
MODAM
Mod.Al-Mali
MODT
Modern Tex.
MOHE
Mohib Exports
MOIL
Morafco Ind.
MOON
Moonlite (PAK)SPOT
MQTM
Maqbool Textile
MRNS
Mehran Sugar
MSCL
Metro Steel
MSOT
Masood Textile Mills
MTIL
Mian Textile
MTL
Millat Tractors
MUBD
Mubarik Daries
MUBT
Mubarak Textile
MUCL
Mustehkam Cement
MUKT
Mukhtar Textile
MUREB
Murree Brewery
MUSG
Muslim Ghee
MWMP
Mandviwala
MYBL
Mybank Ltd
MYVI
Myfip Video
MZSM
Mirza Sugar
NAFL
National Fiber
NAGC
Nagina Cotton
NAKI
Nakshbandi Ind.
NALC
National Assets
NATF
National Foods
NATM
Nadeem Tex.
NAZC
Nazir Cotton
NBF
NAMCO Balanced
NBP
National Bank XDXB
NBP-CJUL
NBP-CJUL
NBP-CJUN
NBP-CJUN
NBP-CMAY
NBP-CMAY
NCL
Nishat (Chun) Ltd.
NESTLE
Nestle Pakistan
NETSOL
Netsol Technol.
NETSOL-CJUL
NETSOL-CJUL
NETSOL-CJUN
NETSOL-CJUN
NETSOL-CMAY
NETSOL-CMAY
NIB
NIB Bank
NIBTFC
NIB Bank(TFC)
NICL
Nimir Ind.Chemical
NINA
Nina Ind.
NIRE
Nimir Resins
NJICL
New Jubilee Ins.XD
NJLIC
New Jub. Life
NLRL
Natover Lease
NLRLXI
Natover(Pref)11 Perc.
NMBL
Network Mic Bank
NML
Nishat Mills Limited
NML-CJUL
NML-CJUL
NML-CJUN
NML-CJUN
NML-CMAY
NML-CMAY
NONS
Noon Sugar
NOPK
Noon Pak
NOPKXII
Noon Pref12 Perc. SPOT
NORS
Noor Silk
NORT
Norrie Textile
NPSM
N. P. Spinning Mills
NRL
National Refin.
NSRM
National Silk
OGDC
Oil and Gas DevXD
OGDC-CJUL
OGDC-CJUL
OGDC-CJUN
OGDC-CJUN
OGDC-CMAY
OGDC-CMAY
OIBL
Orix Bank
OLPL
Orix Leasing Pak Ltd
OLPLTFC
Orix Leasing (TFC)
OLSM
Olympia Sp.
OLTM
Olympia Tex
OTSU
Otsuka Pak
PACE
Pace (Pak) Ltd.
PACE-CJUL
PACE-CJUL
PACE-CJUN
PACE-CJUN
PACE-CMAY
PACE-CMAY
PADL
Pak Dairies
PAEL
Pak Elektron
PAKD
Pak Datacom Ltd
PAKL
Pak Leather
PAKMI
Pak Modaraba
PAKRI
Pak Reinsurance
PAKT
Pak Tobacco Co.
PANI
Pan Islamic
PASL
Pervez Ahmed
PASM
Paramount Spinning
PCAL
Pakistan Cables
PDGH
P.D.G.House
PECO
Pak Engineering
PEF
PICIC Energy
PFIL
Pak Fiber
PFLTFC
Pakarab(TFC)
PGCL
Pak Gum and ChemiXD
PGF
PICIC Growth
PGHE
Pak Ghee
PGIC
Pak Guar.Ins
PGLC
Pak Gulf Leas
PHDL
Pak Hotels
PIAA
P.I.A.C.(A)
PIAB
P.I.A.C.(B)
PICL
Pak.Com.Leas
PICT
Pak.Int.Con.Ter.
PICT-CJUL
PICT-CJUL
PICT-CJUN
PICT-CJUN
PICT-CMAY
PICT-CMAY
PICTPS
Pak IntCon(Pref)
PIF
PICIC Inv.Fund
PIL
PICIC Ins.Ltd.
PILCTFC
PILCORP(TFC)
PINL
Premier Insuran XDXB
PIOC
Pioneer Cement
PIOCR
Pioneer Cem (R)
PKGI
Pak Gen.Ins
PKGS
Packages Limited
PLIC
Platinum Insur XR
PLICR
Platinum (R)
PMCLTFC-II
Pakistan Mobile
PMI
Prud Mod.1st
PMRS
Premier Suger
PNGRS
Pangrio Sugar
PNIL
Pak Northen Ins
PNSC
P.N.S.C.
POAF
Pak Oman Adv.Fund
POL
Pak Oilfields
POL-CJUL
POL-CJUL
POL-CJUN
POL-CJUN
POL-CMAY
POL-CMAY
POLYR
Polyron Limited
PPFL
Pak.Prem Fund
PPL
Pak Petroleum Ltd.
PPL-CJUL
PPL-CJUL
PPL-CJUN
PPL-CJUN
PPL-CMAY
PPL-CMAY
PPP
Pak Pap.Prod
PPTA
Pak.PTA Ltd.
PPVC
Pak.P.V.C.
PRET
Premium Textile
PRIB
Prud.Inv.Bank
PRIC
Progressive Ins.
PRL
Pak Refinery Limited
PRL-CJUL
PRL-CJUL
PRL-CJUN
PRL-CJUN
PRL-CMAY
PRL-CMAY
PRWM
Prosperity
PSAF
Pak Strat Fund
PSEL
Pak Services Ltd.
PSMC
Pak Suzuki Motor
PSO
P.S.O.
PSO-CJUL
PSO-CJUL
PSO-CJUN
PSO-CJUN
PSO-CMAY
PSO-CMAY
PSYL
Pak Synthetic
PTC
P.T.C.L.A
PTEC
Pak Telephone
PUDF
P.S.Fund Ltd.
PUNO
Punjab Oil
QAYS
Qayyum Spinning
QUAT
Quality Textile
QUET
Quetta Textile
QUICE
Quice Food
QUSW
Quality Steel
RAST
Rashid Tex.
RAVT
Ravi Textile
RBS
Royal Bank Ltd
RCML
Reliance Cotton
REDT
Redco Tex.
REGAL
Regal Cer.
REGT
Regent Tex.
REST
Resham Textile
REWM
Reliance Weaving
RICL
Reliance InsurXB
RMPL
Rafhan Maize XD
RUBY
Ruby Textile
RUPL
Rupali Polyester
SAIF
Saif Textile
SALT
Salfi Textile
SANE
Salman Noman
SANSM
Sanghar Sugar
SAPL
Sanofi-Aventis
SAPT
Sapphire Textile
SARD
Sardar Chemical
SASM
Saitex Spinning
SASML
Sind Abadgar
SAZEW
Sazgar Engg
SBL
Samba Bank Ltd
SCBPL
Stand.Chart.Bank
SCBPLTFC-II
Stan Char BankTFCII
SCBPLTFC-III
Stan Char BankTFCIII
SCHM
Schon Mod.
SCHT
Schon Textile
SCL
Shield Corp
SCLL
Stand.Chart.Lea
SCM
Stand.Chart.Mod
SCML
Shaheen Cot.
SDIL
Saleem Denim
SDOT
Sadoon Textile
SEARL
Searle Pakistan
SEARLTFC
Searle Pak TFC
SEL
Sitara Energy Ltd.
SEPCO
Southern Electric
SEPL
Security Paper
SERF
Service Fabrics
SERT
Service Textile
SFAT
Safa Textile
SFIL
Siftaq Int.
SFL
Sapphire Fiber Ltd.
SFTM
Sind Fine Tex
SFWF
Safeway Mutual Fund
SGFL
S.G.Fiber
SGLL
Shell Gas LPG
SGLLR
Shell (LPG) (R)
SGML
Shakarganj Mills
SGMLPS
Shak(R.C.Pf8.5 Perc. XD
SGPL
S.G.Power
SHCI
Shaffi Chemical
SHCM
Shadman Cot.
SHDT
Shadab Tex
SHEL
Shell Pakistan
SHEZ
Shezan Inter. Ltd.
SHFA
Shifa Int.Hospitals
SHJS
Shahtaj Sugar
SHNI
Shaheen Insurance
SHSML
Shahmurad Sugar
SHTM
Shahpur Textile
SIBL
Sec. Inv. Bank
SICL
Standard Ins.
SIEM
Siemens Pak SPOT
SIGL
Sigma Leas.
SIND
Sind Alkalis
SING
Singer Pak XB
SITC
Sitara Chem Ind.
SJTM
Sajjad Tex.
SKFL
Shakarganj Food
SKRS
Sakrand Sugar
SLCL
Security Leasing
SLCPA
Sec.Lea(Pr)9.1
SLSO
Salim (O)
SLSOPP
Salim (PP)
SLSOPVI
Salim (P)6 Perc.
SLYT
Sally Tex.
SMTM
Samin Tex.
SNAI
Sana Ind.
SNBL
Soneri Bank Ltd.
SNBL-CJUL
SNBL-CJUL
SNBL-CJUN
SNBL-CJUN
SNBL-CMAY
SNBL-CMAY
SNBLTFC
Soneri Bank(TFC)
SNGP
Sui North Gas Pipe.
SNGP-CJUL
SNGP-CJUL
SNGP-CJUN
SNGP-CJUN
SNGP-CMAY
SNGP-CMAY
SNKA
S.N.Kawasaki
SNL
Southern Network
SPCB
Saudi Pak Bank
SPL
Sitara Peroxide
SPLC
Saudi Pak Leas
SPLCTFC
Saudi Pak (TFC)
SRSM
Sargoda Sp.
SRTL
Sahrish Textile
SRVI
Service Indus XD
SSGC
Sui South Gas
SSIC
Silver Star Ins.XB
SSML
Saritow Sp.
SSOM
S.S.Oil
STCL
Shabbir Tiles
STIC
Sterling Ins.
STJT
Shahtaj Tex.
STML
Shams Tex.
STPL
Siddiqsons Tin
SUCM
Sunshine Cotton
SUHJ
Suhail Jute
SURAJ
Suraj Ghee
SURC
Suraj Cotton Mills
SUTM
Sunrays Tex.
SYMC
Syed Match
SZTM
Shahzad Tex
TAGA
Taga Pak
TAGL
Tawakkal Gar.
TAJT
Taj Textile
TATM
Tata Textile Mills
TAWL
Tawakkal Ltd.
TAXE
Taxila Engg.
TELE
Telecard
TELETFC
Telecard TFC
TGL
Tariq Glass
THALL
Thal Limited
THAS
Taha Spinning
THCCL
Thatta Cement
TICL
Thal Industries
TOWL
Towellers Ltd
TQCM
Tariq Cotton
TREET
Treet Corporation
TREI
Transmission
TRG
TRG Pakistan SPOT
TRIBL
Trust Inv.BankXDXB
TRIBLTFC2-II
Trust Bank2ndTr
TRIBLTFCI-II
Trust BankTFCII
TRIPF
Tri-Pack Films Ltd.
TRPOL
Tri-Star Poly Ltd.
TRSM
Trust Modaraba
TSBL
Trust Brokerage
TSMF
Tri-Star Mutual
TSML
Tandlianwala Sugar
TSPL
Tri-Star Power SPOT
TSSL
Tri-Star Shipp.
TURBO
Turbo Tec
TWPI
Tawakkal Poly.
UBDL
United Brands
UBL
United Bank Ltd.
UBL-CJUL
UBL-CJUL
UBL-CJUN
UBL-CJUN
UBL-CMAY
UBL-CMAY
UBLTFC
United Bank(TFC)
UBLTFC-II
United BankTFCII
UBLTFC-III
United BankTFC-III
UBLTFC-IV
United Bank TFC-IV
UDPL
United Dist.(Pak)
UICL
Union Insurance
ULEVER
UniLever Pak. Ltd.
UNIC
United Insurance XB
UNIM
UNICAP MOD.
UNIO
Universal Oil
UNTM
Unity Mod.
UPFL
Unilever FoodsXD
UQAB
Uqab Breding
USMT
Usman Tex.
UTPLCF
UTP-Large Cap.
UVIC
Universal Insurance
VAWL
Valika Wooll
WAHN
Wah-Noble Chemicals
WAPDA-B6
WAPDA Bonds 6th
WAZIR
Wazir Ali
WTL
WorldCall Telecom
WTL-CJUL
WTL-CJUL
WTL-CJUN
WTL-CJUN
WTL-CMAY
WTL-CMAY
WYETH
Wyeth Pak Ltd.XD
YOUW
Yousuf Weaving
ZAHT
ZahidJee Textil
ZELP
Zeal Pak.
ZHCM
Zahoor Cotton
ZHTM
Zahoor Textile
ZLFI
Zulfeqar Industries
ZTL
Zephyr Textile Ltd

Stockbrokers Around the World

noreply@blogger.com (Right Advice) — Wed, 13 May 2009 06:52:00 +0000

There are hundreds of thousands of stockbrokers around the globe. it is extremely difficult for one to choose a broker over another. Also, it is extremely difficult to identify a broker in a ny country and internet has not really provided a one stop shop for brokers to date. the only site in my opinion that comes close to providing listings of all brokers around the world is top-stockbrokers.com. this site www.top-stockbrokers.com is in my opinion a very comprehensive site which lists brokers for all exchanges in almost all countries in the world. have a look

KSE - Choppy Sessions Ahead

noreply@blogger.com (Right Advice) — Tue, 14 Apr 2009 18:49:00 +0000

14 April 2009 - KSE Index 100 kicked off the day with a brilliant start crossing the 8,000 mark with great ease. If you read my article of yesterday, I had predicted a maximum of 8,025 points reach of the Index. Well, your stock market advisor was spot on !! Cheers. I had also forecasted that the Index could decline to 7,025 levels max. The Index touched the low of 7,775 today and closed at 7,833 down 40 points from yesterday.

I congratulate all the investors on Index reaching 8,000 mark, a well deserved achievement. Cautious is the word for future. It seems that the Index will struggle around the 8,000 mark for a few days. My personal observation is that the market will stay around the level of 8,000 for a few days as there is no real news for it to clean break this landmark.

Investors will find opportunity next few days to enter and exit ona daily basis. if the market goes up in the 1st session it may close lower the same day and vice versa. if you are an oportunist, you know what to do. try and square your positions on a daily basis for the next few days.

PSO as I said yesterday made a decent gain today adn touched 211. At the same time NBP made a high of 111.39 but closed at 107.82 up Rs 1.46.

If you are my follower you would have exited NBP beyond 110 and may have re-entered at below 108 levels. NBP remains SPOT next 3 days and should touck 115. fingers crossed and I pray that we all make more money on this share.

Recommendation / Tip for tomorrow: be cautious. the big players will play with you next few days. invest small and exit early.

KSE Boom

noreply@blogger.com (Right Advice) — Mon, 13 Apr 2009 18:55:00 +0000

13 April 2009 - KSE Index 100 today climbed 255 points to close at 7,872 level. It made a high of 7,908. Effectively, it can be said that KSE Index has now reached the major psychological level of 8,000 mark. Wow! what a success story !

Riding the wave are all those big and small investors who had faith in the Karachi Stock Market and the Government of Pakistan. Well done! returns come with risks and your risks have paid off.

Onwards, as the Index keeps climbing, the risks are also mounting and whilst one must look forward to the 9,000 mark, please incorporate the higher levels of risk in your return calculations. The market needs correction every 700 - 1000 points. I know we just had a small correction associated with Badla decision, but we all know the sharks need excuses and 8,000 might just be what they are looking for! watch out! Again, play well, make money and dont fall prey to these sharks.

Foreign funds keep flowing in and getting invested which is a very positive sign. My strategy for tomorrow is to invest 25% of your funds in medium term growth (up to 3 months) targeting 9,000 points. Trade daily with 50% of your funds. Here you should be able to close your positions at a loss which requires a lot of strength and willpower. everyday you can't win the system. be watchful and use common sense to enter the market, to hold and to exit booking either a profit or a loss. Do not get greedy! As for the remaining 25%, DO NOT INVEST.

Recommendation/ Top Pick Shares: I continue to focus most on NBP. At 106.36 it is closing in for the Target price of 115. In my opinion, one must start to exit/ liquidate positions starting 110 unless you are in for dividend and bonus shares. Today, BOP was a bit of a slow mover. If market goes up by 100 points tomorrow then BOP will surely see a gain of 5%. Another good share is PSO. It has somewhat found resistance at 200 and has struggles to clean break the level. Time is nearing when the 200 mark will be left way behind and the share will scoop the glory of 250.

Trading range for tomorrow: Between 7,725 and 8,025.

Best of luck!

KSE - Market Outlook 13 April 2009 - NBP Week

noreply@blogger.com (Right Advice) — Sun, 12 Apr 2009 16:12:00 +0000

KSE Index 100, after its most amazing performance last week appears all set to capture the 8,000 post. Closing at 7,618 on Friday Index 100 is now only away by 380 points to what will be a landmark in the history of Karachi Stock Exchange.

When the market opens on Monday (13th April 2009), National Bank of Pakistan (NBP) would be SPOT and remain SPOT until Friday. All those investors who will hold their shares till the close of next Friday will be eligible for a dividend of Rs 6.5 per share and a bonus share of 20% against each share owned till Friday close. NBP share closed at Rs 101.59 on Friday.

In my opinion, NBP share should touch 110 at some point next week. Ideally, based on the payout at the end of the week it should close at 115. However, for all those who wish to sell the share next week and make a capital gain 110 is a good price.

If the share closes at 110 on Friday then after the payouts it will open next Monday at Rs. 83. Please note that MCB closed at approx. 171 on Friday 10 April 2009. I believe that if NBP closes at 110 then MCB will also make gains and close at 180 next Friday. Accordingly, next Monday we will see prices of 83 and 180 for NBP and MCB respectively.

If the above holds true then NBP will make immediate gains to reach 100 level to reduce the price difference with MCB.

It is a NBP week starting tomorrow. Play well and make money. Remember if NBP goes down a bit and closes at 100 levels on Friday then you should not dispose off this share. Hold it and get your Dividend and Bonus share because in that case it will open at 73 the following Monday which again is toooooo low for this share.

Please bear in mind that my recommendation is based on the assumption that the KSE 100 next week will either remain at par with last Friday's close or make gains. In case the Big players decide to play around with the market calling it profit taking or technical correction then the NBP share will have no control on its fate.

Best of luck for the next week which looks extremely promising.

KSE - Index Recovers amid Buying Frenzy (10 April 2009)

noreply@blogger.com (Right Advice) — Sun, 12 Apr 2009 15:48:00 +0000

10 April 2009 - KSE 100 closed on Friday at 7,618 gaining 322 points over the previous day's close. The investors whilst rejecting SECP's decision to stop Badla have not allowed this decision to significantly impact the market levels. The market which had plunged by 325 points in the first 2 days following the decision climbed 322 points on the last trading day to negate the loss and bringing back the Index to par. What a way to end the week. Once again, all investors are happily enjoying their weekend!

It is apparent that investors are extremely serious to ensure a solid bounce back of the Stock Market which had deeply plunged in late 2008. Political instability, terrorist attacks and Badla stoppage have all failed to deter the investor sentiments.

Whilst the earning season is now over for a month, the foreign inflow of funds and the local investor drive appears enough for the Index to continue to rise.

Hopefully next week will bring in more good news for investors !

Asian Stock Market - 9 April 2009

noreply@blogger.com (Right Advice) — Fri, 10 Apr 2009 09:40:00 +0000

Asian Stock Markets closed higher on Thursday snapping 2 days of losses as investors cheered Japan's record stimulus spending package and posting some rare positive news on economy.

Tokyo, Japan: The benchmark Nikkei-225 index climbed 321 points to close 8,916.
Hong Kong: The Hang Seng Index rose 2.95% or 426 points to close at 14,901.
Sydney, Australia: The S&P/ ASX 200 index rose 1.44% or 52 points to close at 3,671.
Singapore: The Strait Times iNdex rose 2.5% or 44.55 points to close at 1,828.
Kuala Lumpur, Malaysia: The KLCI rose 10 points to close at 917.89.
Wellington, New Zealand: The NZX-50 index rose only 2.24 points to close at 2,571.
Mumbai, India: The 30-share Sensex rose 61.52 points to close at 10,803.

US Stocks Surge

noreply@blogger.com (Right Advice) — Fri, 10 Apr 2009 09:35:00 +0000

US Stocks surged on Thursday 9 April, 2009 on banking giant Wells Fargo's projected RECORD 1st quarter profit that spurred hopes of recovery in the financial sector.

The Dow Jones Industrial Average shot up 163.51 points to close at 8,000 points, the psychological level. The tech-heavy Nasdaq composite rose 43.54 points to close at 1,634 and Standard & Poor's 500 Index rose 20.36 points to close at 845.52 points.

Pakistan Forex Reserves Rise

noreply@blogger.com (Right Advice) — Fri, 10 Apr 2009 09:33:00 +0000

Pakistan's foreign exchange reserves rose by $1.08 billion to $11.17 billion in the week ended April 4, announced the State Bank of Pakistan.

Currency Conversion Rates - 10 April 2009

noreply@blogger.com (Right Advice) — Fri, 10 Apr 2009 09:30:00 +0000

The following are April 10, State Bank conversion rates:

US Dollar Pak Rs. 80.6199
Japenese Yen Pak Rs. 0.8049
Pound Sterling Pak Rs. 118.1404
Euro Pak Rs. 107.0391

KSE - Market Update 9 April 2009

noreply@blogger.com (Right Advice) — Thu, 09 Apr 2009 20:05:00 +0000

Karachi Stock Market plunged 44 points today amid scare and insecurity caused lately by the decision of SECP to abolish Badla. Throughout the day the index moved directionless. The graph shows the indecisiveness of investors to stay, buy or exit.

Going down more than 150 points and then attempting to rise by 150 points the Index was choppy throughout the day and ended on a slightly negative note of 44 points down.

Stock Market: Badla - COT - CFS and CFS Mk II

noreply@blogger.com (Right Advice) — Thu, 09 Apr 2009 19:57:00 +0000

Stock Market: Badla - COT - CFS and CFS Mk II

Stock Market: It is just not fair !!!

noreply@blogger.com (Right Advice) — Thu, 09 Apr 2009 19:57:00 +0000

Stock Market: It is just not fair !!!

Stock Market: Why Should You Invest In Stock Market

noreply@blogger.com (Right Advice) — Thu, 09 Apr 2009 19:56:00 +0000

Stock Market: Why Should You Invest In Stock Market

Asian Stock Markets

noreply@blogger.com (Right Advice) — Thu, 09 Apr 2009 11:32:00 +0000

Asian Stock Markets closed lower on Wednesday, 8 April 2009:

Tokyo, Japan: The Nikkei-225 fell 238 points to 8,595.
KongKong: The Hang Seng Index closed down 454 points at 14,475.
Sydney, Australia: The S&P/ ASX 200 lost 87 points to 3,619.
Singapore: The Straits Times Index closed 18 points lower at 1,784.
Kuala Lumpur, Malaysia: The KLCI dropped 11.97 points to close at 907.87
Jakarta, Indonesia: The Jakarta Composite Index fell 25 points to close at 1,465.75.
Wellington, New Zealand: The benchmark NZX-50 Index fell 44 points to close at 2,569.
Mumbai, India: The benchmark Sensex-30 Index rose 207 points to close at 10,742.

Oil Prices Rise

noreply@blogger.com (Right Advice) — Thu, 09 Apr 2009 11:07:00 +0000

Oil prices rebounded yesterday (8 April 2009) reversing earlier falls as traders digested less than expected increase in US Crude reserves and rebounding Wall Street shares.

New York's main futures contract, light sweet crude for May delivery, added 69 cents to reach $49.84 a barrel.

London's Brent North Sea oil for May delivery clawed back $1.21 to $52.43 a barrel.

Amercian crude oil investories jumped 1.6 million barrels in the week ending April 3. Analysts had expected a gain of 1.9 million barrels. However, crude oil stocks in the United States remain at their highest level since 1993 amid a deep recession.

Currency Conversion Rates - 9 April 2009

noreply@blogger.com (Right Advice) — Thu, 09 Apr 2009 11:03:00 +0000

The following are Today's State Bank conversion rates for foreign currency deposits, dollar bearer certificates, foreign currency bearer certificates ans special US Dollar bonds:

US Dollar Rs. 80.6254
Japenese Yen Rs. 0.8081
Pound Sterling Rs. 118.1888
Euro Rs. 106.4901

Badla - COT - CFS and CFS Mk II

noreply@blogger.com (Right Advice) — Thu, 09 Apr 2009 10:38:00 +0000

A speacial feature in the Pakistani, especially Karachi, Stock Market which has turned around lives of millions over the last couple of decades and is known to many as "Badla", "COT", "CFS" and "CFS Mk-II" is again playing an instrumental role in what could be termed as a "much needed correction". Badla in its true form is financing to buy more shares/ stocks than one's capacity. It is like bank financing with financing rates much higher than bank borrowings.

Effectively, whilst the small players have used to buy shares through Badla the big players use this as amoney making machine. They take bank borrowings at 12% and offer badla to small investors at may be 18%. There has always been a spread of atleast 3-4% which the big players have historically capitalised on.

I mentioned in my previous post that removing Badla, in a very fast growing Stock Exchange may not be a bad idea. for instance, we have seen the Stock Market index climb 50% in 2 months. Certainly, one should construe this as a serious point for a big correction and people with badla do tend to lose their wealth when big corrections take place. I believe that SECP may have undertaken the step to stop badla activities to largely protect the small investors from failing. My issue with SECP is that it did not handle it properly. You do not announce such decisions so abruptly and that too in the evening.

SECP should have introduced a better alternative instrument having better features. It is the responsibility of a regulator to work out modalities to protect all investors.

What the SECP has in store for all of us going forward is yet to be seen !!!

KSE Blood Bath - 8th April 2009

noreply@blogger.com (Right Advice) — Wed, 08 Apr 2009 12:02:00 +0000

As I mentioned in my last post yesterday, the SECP decision to abolish Badla has negatively impacted the market. Index was down today 296 points and is all set to shed another 200-300 points this week.

Suffice to say, all this could have been handled in a much better way.

All those lucky ones who were able to sell their shares this morning must be relieved. A major battering took place during the second session. One needs to now take a back seat and watch the innings take the shape. This week appears gloomy with 2 days left before the weekend and small investors' confidence shaken.

It is expected that SECP will announce an alternative with in the next 2-3 days but nothing seems good enough now to revive the investor sentiments. Then again, we have seen this many a times before where such things are just referred to as hiccups and life moves on !!!!!

It is just not fair !!!

noreply@blogger.com (Right Advice) — Tue, 07 Apr 2009 18:23:00 +0000

This evening, SECP Securities & Exchange Commission of Pakistan came out and announced a stop to all badla activities. All those who have purchased shares on badla will have 22 days from today to liquidate their shares or to inject cash in their trading accounts to cover for the badla positions.

Obviously, people who buy shares on badla do not have deep pockets and look to make extra buck in a fast growing market. These people have now been told today by the committee appointed by SECP that they have only 22 days to produce cash to cover their positions, the first thing they will do tomorrow is to go to their brokers and sell all there badla holdings.

As it is badla was very costly, costing arms & legs, but the real test will come tomorrow morning when all of us will be queing to sell the unfortunate and supposedly loss making shares. Who will be able to sell their shares at the Floor levels is yet to be seen. My gut feel is that the KSE index may go for a couple of floor locks in the next couple of days shedding 400 to 500 points.

SECP should not have taken such a hasty decision. It should have slowly removed it if it was necessary at all. Time and again, we have felt that there is minimal or no support for small investors who take the brunt of such brutal actions. Though, I agree with market rising so fast SECP should have interfered to avoid any future calamity or disaster, removing badla in this way is totally out of order and uncalled for.

I sense that tomorrow will start an era of bleeding for small investors and stock accumulation by the institutions and big sharks. God Help Us!

KSE - Market Update 7th April 2009

noreply@blogger.com (Right Advice) — Tue, 07 Apr 2009 18:13:00 +0000

Today, the closing Bell had good news for my stocks with NBP, DGKC and BOP closing at the upper cap. Great news for all of you who were following my Top/ Best Pick shares. OGDC closed Re 1 lower as it is consolidating during SPOT period. HUBCO was another share which gained momentum during the sessions but closed unexpectedly just below previous day's level.

NBP appears top recommended share for this week and best performer with high dividend and bonus shares coming next week.

Karachi Stock Market closing above 7,600 at 7,635 is good news but a caution to all investors...... please try and reduce your holdings and wait for market correction which may happen anytime. Index has climbed almost 500 points without any hiccup. After doing so well lately especially the last one week with me please do not fall into the trap which may be in process of being laid by the Big Sharks.

Recommendation/ Tip: Follow my shares but with reduced holdings. book some profits!