Author Topic: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange  (Read 6988037 times)

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Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40759 on: December 04, 2019, 11:47:17 AM »
𝑷𝑺𝑿 𝑻𝒆𝒄𝒉𝒏𝒊𝒄𝒂𝒍 𝑶𝒗𝒆𝒓𝒗𝒊𝒆𝒘:
The Benchmark KSE100 index face strong resistance at 40,325 and 40,755 points in coming days where strong horizontal resistances would try to push it downward for a correction. It's expected that index would not succeed in closing above 40,755 points and it would start sliding downward for a correction and initially would try to slide downward till 38,958 and then 38,309 points. On flip side if index would succeed in closing above 40,755 points then it would try to target 41,658 points in coming days.

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40759 on: December 04, 2019, 11:47:17 AM »

Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40760 on: December 04, 2019, 02:38:03 PM »
CPI
PAKISTAN NOV. CONSUMER PRICES RISE 12.67% Y/Y; EST. +12.49%*

Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40761 on: December 04, 2019, 04:26:38 PM »
The index started the day under correction, but bears could not hold the selling pressure as the short term range bottom at 39600 played its role and bulls made an aggressive move taking the index above 40300, before ending the session at 40270.

For Coming Session, the index has strong intra-day at 40355-40460 area
While support at 40050-39950 is likely to limit the downside.

We expect consolidation to continue between 39950 & 40500, however, after yesterday's aggressive bullish price action, the upside range is stretching further.


Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40762 on: December 04, 2019, 06:17:06 PM »

Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40763 on: December 04, 2019, 06:24:43 PM »
The 100 Index reversed its losses from the previous session and closed on a strong note (+481.79pts or +1.21%) amid mixed market participation (vol: -16% and val: +4%). The 100 Index found renewed strength after CPI for the month of November clocked in at 12.67% (marginally above market consensus of 12.44% according to a survey of 25 analysts). In line with our view this morning and despite stretching beyond expectations, the ongoing rally still looks strong – thanks to heavy buying from Local Individuals and Overseas Pakistanis (cumulative buying above USD 105mn since 19th August, 2019). Major contribution to Index upside is attributable to gains in Materials (+1.51%), Financials (+1.22%) and Energy (+1.23) led by LUCK (+2.81%), DGKC (+4.89%), FFC (+0.88%), EFERT (+1.50%), PKGS (+5.00%), MCB (+1.62%), UBL (+1.72%), HBL (+0.67%), BAHL (+1.10%), HMB (+2.83%), MEBL (+1.62%), PSO (+4.59%) and OGDC (+0.62%). In addition, SEARL (+3.65%) and GLAXO (+5%) also supported the 100 Index.

Market participation for the 100 Index clocked in at 240.10mn shares from 286.77mn shares in the previous session (-16.27% on d/d basis). Major contribution to total market volume came from UNTIY (+1.40%), LOTCHEM (+2.81%) and KEL (-1.49%) churning 60.5mn shares out of the All Share volume of 393.15mn shares. Daily traded value for the 100 Index clocked in at USD 78.17mn from USD 74.83mn in the previous session (+4.47% on d/d basis); PSO (USD 7.80mn), HUBC (USD 5.01mn) and ATRL (USD 4.67mn) were among top contributors from traded value perspective. The KSE100 is 3.58% below its 52-week high from Feb 6, 2019 and 40.5% above its intraday low from August 19th, 2019.

Technically speaking, the 100 Index closed at a new high (40,270.52) amid mixed market participation. Next resistance is at 41,800. Immediate support is the multi-year trendline at 39,560 and then at 37,986 (20EMA).

Offline Farooq Qadir

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40764 on: December 04, 2019, 10:31:37 PM »
Crude pass $58 ......  :dance :dance
POL, PSO,AICL,SEARL,NRL,FFC,FFBL,UBL,OGDC,MUGHAL

Offline Observer

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40765 on: December 04, 2019, 10:32:31 PM »
Lao Mal, Crude Oil  trading at 58.3446  2.0408 3.62 %

Offline nma

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40766 on: December 05, 2019, 06:28:43 AM »
Han bhai, phr aaj oil ki waja se taizi rahegi?

Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40767 on: December 05, 2019, 11:09:31 AM »
Today’s highlights include:
·         Another ordinance on cards to make govt-traders accord effective
·         US credits reforms for strengthening of Pakistan’s economy
·         Moody’s changes five banks’ outlooks to stable
·         Kuwait ready to ease business visa: CG
·         ‘French firms eyeing to boost investment in Pakistan’
·         Intensity of IMF program the highest: Pasha
·         Inflation surges to nine-year high
·         Govt. plans steps to break industry cartels
·         Sales tax on imports increases 20% to PKR 329Bn in 5 months
·         Govt. to sell unused state properties at Dubai Expo
·         ‘Microfinance key to tackling poverty’
·         Zameen.com to hold Pakistan Property Show in Dubai on December 6, 7
·         Airlift kicks off services in Karachi
·         CPEC Authority Ordinance placed before NA


Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40768 on: December 05, 2019, 05:19:02 PM »
Closing Summary!!!

Session ended at 40641 & Index has successfully surpassed 40600 area where Weekly 200MA is lying.

However, it would have been a much better closing above 40780 as then the Consolidation Pattern could be escaped. Moreover, the last 30 Minuets were quite scary for the Bulls, especially those who don't believe in booking gains, as index shed nearly 300 points, before bouncing back.

For Coming Session, the index is likely to test 40750-40900 area, while support is seen 40380 - 40200.


Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40769 on: December 05, 2019, 06:39:00 PM »

Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40770 on: December 05, 2019, 06:59:29 PM »

Offline Farooq Qadir

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40771 on: December 05, 2019, 10:02:39 PM »
OPEC+ Committee Recommends Further 500,000 Bpd Cut.  :dance :dance laooo oil
POL, PSO,AICL,SEARL,NRL,FFC,FFBL,UBL,OGDC,MUGHAL

Offline rashid.Maria

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #40772 on: December 05, 2019, 10:35:32 PM »
OPEC+ Committee Recommends Further 500,000 Bpd Cut.  :dance :dance laooo oil


Not good for Pakistan. Mazeed inflation ho gi