Author Topic: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange  (Read 6919084 times)

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Offline Aahaf

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40379 on: November 10, 2019, 01:01:00 AM »
34200 support with target 36k-36500

monday koo index 500 plus  :rtfm:
than surely my target will be achieved   :good
TA k hisaab saay index ka tgt now 41000 plus by March 2020 :fingerscrossed1:
:o march target main to aaj pe jinay wala banda hun bhai TA se aglay 15 din ka target pata karwain   ::)

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40379 on: November 10, 2019, 01:01:00 AM »

Offline Allah.Ditta

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40380 on: November 10, 2019, 02:42:14 PM »
32100 se mkt ne correction li 33??? se 32100 200 dikha sakti hai before fatf if there is any positive outcome on the other hand if there is any negative decision which i dont think so but for worst to yeh abhi khainchain ge phir dus aur bus
chik ke rakhin
intraday support at 32950 weekly support at 32200 below 32200 closing means ya shaikh apni apni dekh
index reacted well around its daily support level today for upside index has to close above 33450
haye 15 point se maar kha gya hbl tera bera gharak

34200 support with target 36k-36500

monday koo index 500 plus  :rtfm:
than surely my target will be achieved   :good
TA k hisaab saay index ka tgt now 41000 plus by March 2020 :fingerscrossed1:
second cycle 3500 points will complete at 36450 this week is crucial for rest of the month hope for the best TA ya BA  :tongue:

Ahaf bahi, ap to -9k bolte th
us ka aghaz kia 36,400 ke bad se expect karte hane
36,400 break ka matlab long bearish chanel break
ur views, plz

Offline Aahaf

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40381 on: November 10, 2019, 03:47:18 PM »
Bhai -9000 aap kai liye nahi tha woh to ajeeb ne kaha aglay teen mahinay khali ke hain iss liye -3000 per month ka uss ko hisab bana kai de raha tha, just kidding

Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40382 on: November 11, 2019, 11:40:17 AM »



Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40383 on: November 11, 2019, 11:41:25 AM »
Federal Board of Revenue (FBR) abolishes 3% additional sales tax on imported Third Schedule items

According to SRO no. 1321 (I)/2019, the FBR has removed the following items from the requirement to pay 3% additional sales tax when imported:

- Edibles like fruit and vegetable juices
- Cigarettes
- Toiletries
- Tea and branded spices
- Fertilizers
- Cement sold in retail packaging
- Household electrical and gas appliances
- Paints and different types of resins
- Lubricating oils sold in retail packaging
- Batteries, tyres, tubes and auto parts, excluding those sold to auto manufacturers/assemblers
- Motorcycles
- Rickshaws
- Tiles


Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40384 on: November 11, 2019, 11:42:31 AM »
Today’s highlights include:
·         Govt. plans tax documentation drive
·         Currency dealers sell $ 2.4Bn to banks
·         State Bank foreign currency reserves shore up by $ 443Mn
·         Turkey sets up water filtration facilities in Sindh
·         Beijing agrees to turn Thar coal into diesel, gas under CPEC
·         SNGPL, SSGCL ask for 31% increase in gas prices
·         Plan to borrow over PKR 11Tn in next four years to meet financing needs
·         Pakistan lacks research-based decision making: Asad Umar
·         Tomato prices reach highest-ever mark in Karachi
·         Centre releases PKR 393Mn for Karachi’s educational projects under PSDP
·         Federal govt branding businesspersons of Karachi as thieves: Chief Minister Murad Ali Shah
·         Alibaba says Singles' Day sales hit $ 13Bn in first hour


Offline winner11

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40385 on: November 11, 2019, 12:02:23 PM »
Few hours into trade & the benchmark #KSE100 #index is #trading above 🆙36,600 mark with the addition of 640 points

Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40386 on: November 11, 2019, 04:08:47 PM »
Closing Summary.

Session ended at 36817.

Adjusted closing is expected between 36760 & 36790.

The Closing suggests that Index Bulls are now bracing for 36950 37100 where the Second Leg of Extended Bullish Channel is likely to be completed and where Profit Taking can be seen.

If not , then be ready for 37900 38400

On the downside, 36400 is seen as immediate support followed by 36160

Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40387 on: November 11, 2019, 06:08:00 PM »



Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40388 on: November 11, 2019, 06:35:30 PM »

Offline nma

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40389 on: November 11, 2019, 07:57:06 PM »
Ajeeb Khan, Aahaf or deegar hazraat nazar nahi aa rahe sab bech kr nikal gaye kya?   :confused1:

Offline ZafarAAA

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40390 on: November 11, 2019, 10:38:30 PM »
PSX Becomes World’s Best Performing Stock Exchange Since October 2019
https://propakistani.pk/2019/11/11/psx-becomes-worlds-best-performing-stock-exchange-since-october-2019/

Offline Aahaf

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40391 on: November 11, 2019, 11:38:22 PM »
Ajeeb Khan, Aahaf or deegar hazraat nazar nahi aa rahe sab bech kr nikal gaye kya?   :confused1:
bechtay kia yahan to mkt ne lainay ka mauqa nahi dia 36450 aisay cross hua goli

Offline Aahaf

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40392 on: November 11, 2019, 11:39:53 PM »
Mujhe to lagta hai ba rasta kirtarpur sikhon ne bhi psx ka rukh kar kia hai

Offline Aahaf

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40393 on: November 11, 2019, 11:45:13 PM »
Ab to resistance 36950 37250 ya phir yeh support aur resistance hack honay ki wajah se kahin punter log direct flight 38600 pe land na karwa dain farzooq your comments needed today what will be next resistance by your stance

Offline Aahaf

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40394 on: November 11, 2019, 11:48:33 PM »
monday koo index 500 plus  :rtfm:
aaj to chah gai hain bhai jaan 500 ka bol kai 800 , 4 5 so kal utha detay dost

Offline psx Learner

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40395 on: November 12, 2019, 12:43:39 AM »
38000 looking possible easily

Offline Aahaf

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40396 on: November 12, 2019, 12:56:39 AM »
Aik to yeh wall pe jo item laga hai us ko dekh kai saray item dimagh se nikal jatay hain forum pe aatay hi :tongue:

Offline nma

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40397 on: November 12, 2019, 01:28:09 AM »
Aik to yeh wall pe jo item laga hai us ko dekh kai saray item dimagh se nikal jatay hain forum pe aatay hi :tongue:

Lol konsa item bhai?   ;)

Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40398 on: November 12, 2019, 11:02:20 AM »
*Outlook on Market:*
The 100 Index started the week on an extremely bullish note as fear of missing out compelled market participants to resort to heavy buying yesterday. Foreign Corporates were net buyers albeit to a much lesser degree (net buy USD +0.65mn) with major buying in Fertilizers. On the domestic front, Mutual Funds, Broker Proprietary Trading and Individuals pushed the market higher (cumulative net buy USD +5.44mn). On the flip side, Banks opted to reduce their exposure in equities with a massive net sell (USD -6.48mn). The 100 Index has gained 9% in last 8 sessions, taking cumulative gains to 28.4% from its 52-wk low of 19th August. We find this pace of Index gains unsustainable particularly when most positives are largely priced in. Moreover, yields in the secondary bonds market are also expected to reverse following a change in outlook on inflation after October CPI. From a technical perspective, a major supply zone is about to open up at 37k +/- 300pts. We recommend profit taking on trading positions as we foresee limited upside potential for the overall market.

*Technical Outlook:*
Technically speaking, the 100 Index extended gains from last week and moved past the rising wedge resistance amid expanding turnover. On linear charts the 100 Index has also moved past falling trendline resistance from 53,127. On log charts, this Mother of All Trendlines is at 37k. Immediate support is 200EMA (34,953).
*Stock specific:*

Senate Standing Committee on Power has recommended that an amount of PKR 39.02bn should be recovered from the following IPPs, NPL PKR 7.116bn, NCPL PKR 7.819bn, Attock Gen PKR 11.045bn, Liberty Power PKR 9.247bn and Atlas Power PKR 3.793bn. (Negative for NPL and NCPL)

The Indus Motor Company will operate on single shift basis at 40% of its rated capacity till December 2019 to keep costs in check and combat slumping sales as the industry’s  is expected to continue in 1HFY20. (Negative for INDU)

PSO in its latest communication to Petroleum Division has stated that it may be      exposed to expected demurrages and boil-off expenses amounting to USD 931,750 as the gas pipeline pack has increased to alarming level of over 5bn cubic feet on account of which regasification rate of LNG has massively slowed down. (Negative for PSO and SNGP)

The construction of K-Electric's USD 650mn 900MW RLNG-based Power Station      (BQPS-III) will commence in December 2019. (Neutral for KEL)

*Sector specific:*
Adviser to PM on Finance has said that the government has decided to allocate      additional PKR 30bn as subsidy for Naya Pakistan Housing Program and provide special tax relief and incentives to businesses/industries related to construction sector and support low-cost housing projects. (Neutral for Construction Materials)

Adviser to PM on Finance has said that the government has decided to allocate PKR 200      billion as subsidy for exporters. The government would give subsidy on higher interest rate, increase the share of loans given by SBP and has decided to cancel Sales Tax Refund Bonds immediately and the amount worth PKR 30bn would be given in the form of cash to exporters. (Positive for Textile)

Minister for Petroleum has said that the Petroleum Division of the Energy Ministry was      going to initiate a three-round bidding process to award 40 new oil and gas exploration blocks. (Neutral for E&P)

The National Electric Vehicles Policy is yet to be cleared by the ECC of the Cabinet and inter-ministerial committee. (Neutral for Autos)

The export of pharmaceutical products during 1QFY20 grew by 12.35% on YoY basis.      (Neutral for Pharma)

*Important News:*
The federal government’s non-tax revenue declined sharply by 44% during FY19, mainly      due to a steep decline in the State Bank of Pakistan’ profit. (Neutral)

As supply-side stresses in the wheat market take hold, the country runs the risk of a difficult flour season for the next six months unless it reassesses the situation and takes corrective measures. (Neutral)