Author Topic: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange  (Read 5761877 times)

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Offline optimistic

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34419 on: June 13, 2018, 02:17:34 AM »
Appx. 50% of this forum members left or sideline or in losses.
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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34419 on: June 13, 2018, 02:17:34 AM »

Offline Aahaf

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34420 on: June 13, 2018, 04:47:35 AM »
42500 strong support

Offline samiqureshi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34421 on: June 13, 2018, 12:06:04 PM »
Appx. 50% of this forum members left or sideline or in losses.

agreed

Offline Farzooq

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34422 on: June 13, 2018, 07:04:42 PM »
Appx. 50% of this forum members left or sideline or in losses.

I guess its impact of whatsapp groups which are more active nowadays
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Offline ali62

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34423 on: June 13, 2018, 09:52:54 PM »
I am not a supporter of NS and SS. Both are corrupt especially SS but God forbid if PTI comes into power after next election then Pakistan ka Allah he hafiz. IK and the gang of perverts will totally destroy the social fabric of our country. The presnt sitiation In KPK manifests their disability to govern.
Totally agreed. Agar NS aur AZ corruption ki wajeh se gartha hain to IK  eik khai hay. Allah hum ko is khai main girne se bachae.
ATRL,BIFO,FASM,NETSOL,SEARL.

Offline ali62

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34424 on: June 13, 2018, 09:59:02 PM »
Appx. 50% of this forum members left or sideline or in losses.

I guess its impact of whatsapp groups which are more active nowadays
Yes Farzooq bhai correct and also another reason is too much political discussion and political polarization among members during last couple of years, and many people are sideline becoz of this. Its a pity as this forum is really very useful for persons like us.
ATRL,BIFO,FASM,NETSOL,SEARL.

Offline Aahaf

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34425 on: June 13, 2018, 11:16:42 PM »
Appx. 50% of this forum members left or sideline or in losses.

I guess its impact of whatsapp groups which are more active nowadays
:D

Offline jamalakhter

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34426 on: June 13, 2018, 11:29:49 PM »
Appx. 50% of this forum members left or sideline or in losses.

I guess its impact of whatsapp groups which are more active nowadays
Yes Farzooq bhai correct and also another reason is too much political discussion and political polarization among members during last couple of years, and many people are sideline becoz of this. Its a pity as this forum is really very useful for persons like us.
Now this forum is mainly used for third class political discussion

Offline muzdani

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34427 on: June 14, 2018, 10:02:34 AM »
i have a question about zakat deduction on dividend
recently i received a dividend of EFOODS

the details are as below

Rate per security 0.40
no of security  1000
total dividend amount 400
Zakat deducted 250
tax deducted 80
amount paid 70

so the zakat which is cut is more then half of what i received .HOW IS IT CALCULATED

Online salmankaramat

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34428 on: June 14, 2018, 10:14:13 AM »
Zakat is deducted at the face value of share

EFoods - 1000 shares * Face value ( 10) = 10,000 * Zakat rate ( 2.5%) = 250 Zakat amount

Offline Mjaleel

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34429 on: June 14, 2018, 11:21:47 AM »
Appx. 50% of this forum members left or sideline or in losses.

I guess its impact of whatsapp groups which are more active nowadays

Farzooq bhai kisi Whtasapp group ka hume bhi bata de. politics se jan chut jai ge.

Offline Farzooq

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34430 on: June 14, 2018, 11:31:07 AM »
Appx. 50% of this forum members left or sideline or in losses.

I guess its impact of whatsapp groups which are more active nowadays

Farzooq bhai kisi Whtasapp group ka hume bhi bata de. politics se jan chut jai ge.

I myself avoid groups. All are useless  :spam:
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Online salmankaramat

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34431 on: June 14, 2018, 11:50:40 AM »

Spot on Farzooq bhai.




 Farzooq
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    Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34430 on: Today at 11:31:07 AM »Quote Add Multi Quote Remove Multi Quote Quote from: Mjaleel on Today at 11:21:47 AM
Quote from: Farzooq on June 13, 2018, 07:04:42 PM
Quote from: optimistic on June 13, 2018, 02:17:34 AM
Appx. 50% of this forum members left or sideline or in losses.

I guess its impact of whatsapp groups which are more active nowadays

Farzooq bhai kisi Whtasapp group ka hume bhi bata de. politics se jan chut jai ge.

I myself avoid groups. All are useless 

Offline HAMDANI_Punjtani

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34432 on: June 14, 2018, 04:18:34 PM »
Politics was discussed in the group because it has been the main driving force for last two years. How can we discount politics from investment. Just got surprised.
BOP,ENGRO,TGL,KEL,HASCOL,Efoods,Dgkc,ffbl

Offline aharoon

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34433 on: June 14, 2018, 04:35:49 PM »
Samajhdar Investors politics par nahin balkay surf Current Affairs par nazar rakhtay hain...
Hamaray group mai Chichora Pann bohat honay laga hai..Nawaz Chorr Imran playboy Zardari Commission Agent inn sab baaton ko discuss karke investors ke konsi khidmat hoti hai meri samajh se bahir hai..
Just Buy Hold and sell
when you are  in profit..
Dafa karo polititions

Offline HAMDANI_Punjtani

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34434 on: June 14, 2018, 08:01:38 PM »
I think group/page is doing very good. I cant imagine doing my trades without first researching the page of that particular stock
BOP,ENGRO,TGL,KEL,HASCOL,Efoods,Dgkc,ffbl

Online salmankaramat

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34435 on: June 15, 2018, 09:47:14 AM »
Bhai his ko politics NAHI parhni who politics kay thread par na jaye, shares kay thread parh lay. Parhtay sab hain, comments daikh kar pata chala.

Offline HAMDANI_Punjtani

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34436 on: June 15, 2018, 09:34:15 PM »
Wishing you all a happy Eid.
BOP,ENGRO,TGL,KEL,HASCOL,Efoods,Dgkc,ffbl

Offline MZ

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34437 on: June 17, 2018, 10:27:31 PM »
Pakistan Equity Market
Weekly Review

Pakistan Equity Market

Political Noise to the Forefront Again
·         KSE100 corrected 0.6%WoW (267pts) to close at 43,681pts on the back of 1) re-emergence of political noise, 2) PKR depreciation and 3) Interim Finance Minister’s comments hinting towards economic challenges. Average daily volume traded decreased 28%WoW to 132mn shares due to dull investors activity as last days of Ramadan coincided with outgoing week (less working days). Average daily traded value also fell by 29%WoW to USD54mn.

·         On economic front, the Pakistani Rupee (PKR) devalued another 4.2% during the week, with the bulk of the decline coming in on the first trading day of the week. This marks the third round of depreciation since December, amid looming Balance of Payment crisis and declining Foreign Exchange Reserves (SBP reserves at USD 10.03bn).

·         In her first public appearance as Interim Finance Minister, Shamshad Akhtar ruled out the possibility of talks with the International Monetary Fund (IMF) for a Bailout Program during the caretaker setup. She has also deferred the plan of holding Article-IV mandatory consultations with the IMF, leaving the issue for the next government. The Caretaker Finance Minister hinted at 1) possibility of further currency depreciation, 2) increase in petroleum product prices, and 3) likelihood of twin deficits breaching the government targets.

·         On political front, National Accountability Bureau (NAB) requested the Ministry of Interior to place former Prime Minister Nawaz Sharif, daughter Maryam Nawaz, and son-in-law Capt (retd) Safdar's names on the Exit Control List (ECL) on Monday. This brought the political uncertainty back to the limelight, leading to a decline of 702pts in the benchmark KSE100 index the very next day (Tuesday).

·         Fertilizer and Textile sector remained in the lime light during the week. Fertilizer returned 2.9%WoW, largely driven by Engro Corporation (ENGRO, +3.7%) on announcement of its mining company unearthing coal at Thar Coal. On the other hand, entire Textile Value chain performed on the back of PKR depreciation (Textile Weaving up2.5%WoW, Textile Composite up 0.4%WoW and Textile Spinning 1.7%WoW).

·         Cements, Automobile Assemblers and Commercial Banks contributed most to the index decline. Cements (down 6%WoW) dragged down KSE100 the most at 237pts, followed by Automobile Assemblers (down 0.7%WoW) and Commercial Banks (down 1.9%WoW). Reason for the decline for Cements and Autos was sudden PKR depreciation, which may lead to weakness in demand and erosion in margins. Commercial Banks, on the other hand, continued to suffer from foreign selling.

·         As per the data released by Pakistan Automobile Manufacturers Association (PAMA), Passenger Car sales for the month of May-18 fell 15%MoM as production slowed down due to reduced working hours in Ramadan. However the overall sales growth remained robust on YoY basis, as can be gauged by 4/16% YoY increase in May-18/ 11MFY18. Amongst assemblers, Pak Suzuki Motor Company (PSMC) was the key laggard with a MoM sales decline of 21%, likely due to restoration of previous import vehicle policy resulting in an influx of imported used cars. This has normalized the sales trajectory for the company, unwinding the abnormal growth witnessed in previous month (+32%MoM in Apr-18)

·         Amongst other sectors related news flow; Mirpurkhas Sugar Mills (MIRKS) on Wednesday unveiled a plan to set up bagasse-fired power plant and a steel rebar manufacturing facility with a combined cost of PKR6.5bn. The firm said it set up a fully owned subsidiary by the name of Mirpurkhas Energy Limited (MEL) to produce power from bagasse.

·         Foreign investors and domestic Individuals offloaded shares worth USD4.4mn and USD3.0mn, respectively. Local companies absorbed              the selling as they mopped up shares worth USD10.6mn.

Key news this week

·         Foreign reserves reach $16.42 billion- Neutral

·         Rupee falls for fourth time in one year- Neutral

·         Caretaker govt increases prices of petroleum products for remaining days of June- Negative

·         Trade deficit widens to $33.9b in 11 months- Negative

·         Caretaker govt rules out bailout talks with IMF- Negative

This week’s top stories

·         Automobile Assemblers - Ramadan Drowsiness: Sales for May-18 Declined by 15%MoM

·         Pakistan State Oil Company Limited - Upwards Revision in LNG Margins to Raise Earnings

Equity Market Outlook and Perspective

Financial Action Task Force (FATF) meeting is scheduled to be held in Paris from June 24 to 29, 2018, where decision to put Pakistan on the Grey List will be taken. We expect Pakistan to be included on the Grey List, but see very slim chances of inclusion on the Black List. While the news is largely priced in, investors would keep a keen eye on the language used by FATF. OPEC is also scheduled to meet on June 22, 2018 in Vienna to decide on extension of production cuts – any surprise moves may result in further volatility in international crude oil prices, with local E&P stocks likely following suit.

Offline MZ

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #34438 on: June 17, 2018, 10:28:25 PM »
StockSmart                       
 
Weekly Review
Lacking any major triggers in the last week of Ramadan, market remained lackluster most part of the current week (slipping 267pts) to close the benchmark KSE-100 index at 43,681pts (-0.61%WoW). Rising macroeconomic vulnerabilities on account of sharp PkR depreciation against US$ (falling ~4%), soaring trade deficits to all-time high of US$33.89bn in 11MFY18 (+13.4%YoY) and increase in local petroleum product prices (rose 4-7%) were the major culprit behind the overall dull performance of the market during the week. Average daily traded volumes at bourse also declined by 28.27%WoW to 131.84mn shares with 1) BOP (61.89mn shares), 2) PAEL (25.49mn shares), 3) LOTCHEM (24.78mn shares), 4) FCCL (20.97mn shares) and 5) KEL (20.85mn shares) leading the board. Major news highlights during the week include: 1) leadership in National Security Committee meeting, reaffirming Pakistan's commitment  to meet the international agency's requirements in upcoming FATF meeting later this month, 2) SC sets 30-day deadline for verdict in Nawaz cases, after extending the deadline given to the accountability court of Islamabad, 3) CJP observing that the court has no objection to the Amnesty Scheme and gave one month time to the committee to come up with suggestions against their reservations, 4) SECMC claiming to unearth the first layer of coal from its open-pit coal mine in Thar Coal Block II, five months ahead of schedule, and 5) GoP making special allocation of PkR25bn to start construction of Bhasha Dam and Mohmand Dam. Performance leaders during the week were: 1) ENGRO (+3.66%WoW), 2) NML (+3.29%WoW), 3) PSO (+3.21%WoW), 4) OGDC (+2.87%WoW) and 5) PPL (+2.34%WoW); while laggards included: 1) ASTL (-9.95%WoW), 2) MLCF (-8.99%WoW), 3) DGKC (-8.35%WoW), 4) PIOC (-7.52%WoW) and 5) FCCL (-6.83%WoW). Moreover, foreign participation remained in the negative zone with US$4.45mn outflows compared to US$29.55mn outflows in the preceding week.
 
Outlook
 
With the conclusion of Ramadan and Eid holidays, next week commencing from Tuesday (Jun 19) anticipated to be happening session for the market, where investors will likely to take direction from 1) upcoming OPEC meeting in Vienna on Jun 22 and 2) any developments with regards to Pakistan action plan for the review by the FATF in its plenary meeting, scheduled to take place in France from Jun 24-29.