Author Topic: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange  (Read 7204961 times)

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Offline Investonly

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #41019 on: February 11, 2020, 09:34:39 AM »

*Morning News (11-Feb-2020)*

*Economy & Sectors*

*‘Targeted’ subsidy for poor to be okayed by cabinet today*
In a bid to provide some relief to the common man amid an unusual price hike in the country, the government has decided to give “targeted” subsidy to the low income group.
https://www.dawn.com/news/1533705/targeted-subsidy-for-poor-to-be-okayed-by-cabinet-today

*ECC ratifies PM Imran's ban on sugar exports to 'stabilise domestic prices'*
The Economic Coordination Committee (ECC) of the cabinet on Monday greenlighted Prime Minister Imran Khan's decision to slap a ban on the export of sugar in order to "stabilise domestic prices" that have been on the rise for the past couple of months.
https://www.dawn.com/news/1533624/ecc-ratifies-pm-imrans-ban-on-sugar-exports-to-stabilise-domestic-prices

*Implementation of CPEC second phase to begin anytime soon*
Pakistan and China are all set to begin implementation of the second phase of China Pakistan Economic Corridor (CPEC) envisaging 27 projects focused on social sectors, poverty alleviation, training, research and improving agriculture productivity at an estimated cost of over one billion dollars.
https://epaper.brecorder.com/2020/02/11/5-page/824162-news.html

*Tax collection from govt papers climbs 47pc in July-January*
The Federal Board of Revenue (FBR) collected Rs3.55 billion in income taxes from return on investments by banks in government papers during the first seven months of the current fiscal year of 2019/20, significantly up 47 percent year-on-year
https://www.thenews.com.pk/print/611954-tax-collection-from-govt-papers-climbs-47pc-in-july-january

*Exports to European Union double under GSP+*
The European Union’s imports from Pakistan almost doubled from 3.6 billion in 2008 to 6.8bn in 2018, the European Commission said in its third biennial report on the Generalised Scheme of Preferences (GSP) released on Monday. The report covers 2018 and 2019 and will be tabled in the European Parliament.
https://www.dawn.com/news/1533770/exports-to-european-union-double-under-gsp

*Window opens for Pakistan to hit a low-cost LNG jackpot*
Is the government ready to benefit from the extremely low prices of Liquefied Petroleum Gas (LNG) in the international market through various short and long-term options?
https://www.thenews.com.pk/print/611962-window-opens-for-pakistan-to-hit-a-low-cost-lng-jackpot

*No abusive market practices found in shares of OGDCL: SECP*
The Securities and Exchange Commission of Pakistan (SECP) has not found any irregular patterns, abusive market practices or insider trading in the trading of shares of the Oil and Gas Development Company Limited (OGDCL) on January 22, 2020.
https://epaper.brecorder.com/2020/02/11/5-page/824160-news.html


*RLNG price raised by Rs109 per mmbtu for Feb*
The Oil and Gas Regulatory Authority (Ogra) on Monday notified the revised tariff of Regasified Liquefied Natural Gas (RLNG) for the SSGC and SNGPL for the current month. It shows that the RLNG price has been hiked by Rs109 per mmbtu and Punjab and Islamabad will get costly RLNG.
https://www.thenews.com.pk/print/612280-rlng-price-raised-by-rs109-per-mmbtu-for-feb

*Govt seeks proposals to raise Rs 200 bln via Sukuk to pay off Power Sector debt*
The government is planning to raise Rs 200 billion through the selling of Sukuk to ease off the burden of the power sector’s astounding circular debt, reported Bloomberg .
https://mettisglobal.news/govt-seeks-proposals-to-raise-rs-200-bln-via-sukuk-to-pay-off-power-sector-debt

*Pakistan Refinery to issue 315 million right shares at par*
The  Board of  Directors of  Pakistan Refinery Limited, in their meeting held today, has approved the increase in the ordinary paid-up share capital of the Company by the issue of 315,000,000 ordinary shares at par. 
https://mettisglobal.news/pakistan-refinery-to-issue-315-million-right-shares-at-par

*Commodities Corner*

*Oil Bounces From One-Year Low But Emergence of Glut Looms*
Oil prices bounced back from the lowest in more than a year on Tuesday but the emergence of a glut since the coronavirus outbreak loomed over the market as traders look to store excess crude on tankers.
https://www.bloomberg.com/news/articles/2020-02-10/crude-holds-below-50-as-opec-dithers-over-virus-response?utm_source=google&utm_medium=bd&cmpId=google

WTI Nymex (USD/bbl): 50.17 (1.21%)
Brent Oil (USD/bbl): 54.00 (1.37%)
Gold (USD/oz): 1568.44 (-0.24%)

Pakinvestorsguide

Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #41019 on: February 11, 2020, 09:34:39 AM »

Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #41020 on: February 11, 2020, 02:27:49 PM »
16-02-2020 KA WAIT KAR RAHI HAI MARKET JAB 3 EVENTS HONGAY 1 FATF + 2 IMF + 3 UN SECRETARY GENERAL ALL IN/FOR PAKISTAN

Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #41021 on: February 11, 2020, 04:56:10 PM »
Closing Summary!!!

After three days of massacre, the bears took some breather today. Since the start of the session, the bears looked exhausted as the index was Monthly Support Level 2 and the conditions were extremely oversold. During the 30 minutes, the index reached to as high as 39,734, but since the volumes were not supportive, the gains were wiped out within no time and index went to as low as 39,085. Where the Monthly Support Level 2 played it vital role and triggered aggressive short covering that gave a sharp recovery of almost 900 points in an hour and pushed the index to as high as 39985, before closing the day at 39,714.

Closing of the session was with a Piercing Line pattern, which is an indicator for Bullish Reversal. However, since the volumes were lower than previous session, the reversal needs confirmation.

To become stable, index needs to sustain above 40860 and that too with higher volumes and bullish candlestick pattern. While on intra-day terms, 39,950 – 40,330 is the range that is likely to irritate the recovery.

On the downside, 39,460 is seen as good support, followed by good intra-day bottom at 38,900.

Offline Observer

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #41022 on: February 11, 2020, 09:51:24 PM »
Want to share with u, we witnessed panic selling,
if those few horrifying days of mid-August taught anyone anything, it is this: the time to buy is when there is panic on the streets. Is this then the time to buy or sell? Without getting into the recommendations business, here are certain facts that one ought to consider.

Is the macroeconomic situation today as bad as it was in August 2019 – a time when Indian belligerence in Kashmir had led some analysts to account for war risk premiums? The answer to that is ‘no'. Also consider the fact that last few weeks of selling has made prices lucrative again with the KSE-100 trading at around 6x price-to-earnings, while offering a dividend yield of about 7-8 percent.

Ergo, the bottom to this panic selling may be around the corner – perhaps 39,000. And in the worst case, 37,000-ish. But eventually it should bounce up, albeit within a ceiling that will come to define a broad range. That's in line with the view that CY20 is likely to be the year of consolidation, because in simple terms, the economy is back from the brink, but prosperity and growth is not on the horizon as yet

Offline Aahaf

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #41023 on: February 11, 2020, 10:51:44 PM »
Nikalja kal ki mandi main bhi hans kai nasir     gham ko shenay main bhi kudrat ne maza rakha hai :D
Hokai mios na kiare sai ukharo podai, dhoop ayee hai tu sawan bhe yaha barsai ga
tashreeh : iss shair main shayar bayan karna chahtay thay kai aaj nikal lay weekend tak halaat dekhtay hue phir enter ho jaio
:console: support 39600 38600
bhola bola gola haye haye majay haye

Offline Investonly

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #41024 on: February 12, 2020, 09:13:08 AM »

*Morning News (12-Feb-2020)*

*Economy & Sectors*

*Revenue target comes into focus in IMF talks*
Talks with the IMF continued as discussions revolved around the need to further revise the revenue target downward. Multiple sources from within the talks confirmed to Dawn that the FBR has proposed up to Rs4.7 trillion as the maximum amount that can be collected this fiscal year whereas the IMF is asking it to aim for Rs4.9tr instead.
https://www.dawn.com/news/1533960/revenue-target-comes-into-focus-in-imf-talks

*Rs10bn subsidy approved to tackle food inflation*
 In order to reduce the impact of food inflation on the people, the federal cabinet on Tuesday approved a comprehensive package under which Rs10 billion subsidy will be provided to the Utility Stores Corporation (USC)
https://www.dawn.com/news/1533967/rs10bn-subsidy-approved-to-tackle-food-inflation

*To compensate for revenue shortfall: Pakistan, IMF mull over keeping petroleum levy up*
Pakistan and the visiting IMF mission are exploring possibilities to increase the non-tax revenue mainly by keeping the petroleum levy on the higher side in order to compensate for an expected reduction in the revenue shortfall.
https://www.thenews.com.pk/print/612714-to-compensate-for-revenue-shortfall-pakistan-imf-mull-over-keeping-petroleum-levy-up

*Net power sector receivables up 27pc*
The net power sector receivables have increased by about 27 per cent over the last 18 months as overall recoveries struggled to make any significant impact despite a full focus of the authorities and the lending agencies to address power sector challenges.
https://www.dawn.com/news/1533963/net-power-sector-receivables-up-27pc

*Coronavirus outbreak: Pakistan may face tighter financing conditions: Moody's*
Moody's Investors Service Tuesday said that as market volatility rises due to coronavirus outbreak, sovereigns that rely on foreign-currency borrowing, including Pakistan, may face tighter financing conditions.
https://epaper.brecorder.com/2020/02/12/18-page/824464-news.html

*Hubco-FFC's 330MW Thar Energy Ltd reaches financial close*
Thar Energy Limited (TEL), a subsidiary of Pakistan's largest Independent Power Producer, the Hub Power Company Limited (Hubco) has reached its financial close. Hubco in collaboration with Fauji Fertilizer Company Limited (FFC) established Thar Energy Limited (TEL), to set up a 330MW mine-mouth lignite-fired power Plant, one of the first power projects to utilise the local lignite at Thar Coal Block II for power generation.
https://epaper.brecorder.com/2020/02/12/3-page/824350-news.html

*Draft National Electricity Policy 2020: Full cost of service not to be recovered from consumers*
Secretary Power Division Irfan Ali has dispelled the impression that the full cost of service would be recovered from consumers under the proposed National Electricity Policy 2020 as a portion of the subsidy will be available for consumers.
https://www.thenews.com.pk/print/612719-draft-national-electricity-policy-2020-full-cost-of-service-not-to-be-recovered-from-consumers

*Car sales fall 48pc in January*
Car sales plummeted 48 percent year-on-year to 11,787 units in January as waning buying power amid economic slowdown continued to take toll on auto industry.
https://www.thenews.com.pk/print/612443-car-sales-fall-48pc-in-january

*Commodities Corner*

WTI Nymex (USD/bbl): 50.60 (1.32%)
Brent Oil (USD/bbl): 54.99 (1.81%)
Gold (USD/oz): 1567.97 (0.01%)

Offline Farzooq

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #41025 on: February 12, 2020, 12:15:53 PM »
Pakistan Strategy - Revisiting market thesis amid escalating uncertainty

The flames that initially re-ignited the KSE-100 index to a noteworthy recovery appear to have dimmed recently with the benchmark index losing 7% of its value from highs recorded during Jan’20. The market’s doldrums can largely be attributed to the absence of any notable triggers with investor sentiments likely being influenced by heightened inflationary pressures and geo-political uncertainty.
As the situation continues to unfold, the air of uncertainty over the economy’s ability to strike a sustainable balance between growth and stabilization has compelled us to revisit our investment case. In view of the aforementioned economic ambiguity, we have tweaked several of our assumptions, particularly our target PE, which we have revised down to 8.0x. Consequently, we lower our CY20 index target to 49,000pts (previously: 55,000pts).
Pakistan inclusion into FATF’s Grey List back in Jun’18 was seen as a definitive blow to the already waning investor sentiments and was considered one of the prime instigators of the Index’s eventual free-fall. Cutting to the present, the government continues reinforcing its claim of substantial progress on the implementation of FATF’s 27 points while asserting heightened confidence on irrefutably defending at least 22 of those conditions in Feb20’s plenary meeting.
The notion of carry trades has started gaining grounds within Pakistan’s financial ecosystem over the past few months with foreign investments in T-Bills and PIBs crossing the USD 3.0bn mark. These carry trades allow investors to cash in on interest rate differentials and benefit from a spread. These foreign flows into the debt market alleviate Pakistan’s external imbalances by ramping up SBP’s reserve buffers without amplifying the country’s external debt levels. A probable scenario of proliferating investments in Pakistan’s debt market is that the aforementioned investor confidence may carry over to Pakistan’s equity markets, potentially reversing the trend of foreign outflows witnessed during the past 4 years.
The US-Pakistan relationship is once again in the limelight as the Trump Administration continues reinforcing its stance on withdrawing troops from Afghanistan. The US has explicitly requested Pakistan’s assistance in brokering a peace deal with Afghan Taliban, providing an opportunity for taming the rocky relationship.
For the medium term, we foresee the Pak Rupee to continue depicting strength in anticipation of a prolonged monetary tight stance and the resulting foreign flows to Pakistan’s debt market. Moreover, we believe high interest rates will continue limiting growth avenues, further reducing demand for import-based consumption. Overall, the Pak Rupee will likely show stability for the remainder of CY20 and may continue holding its ground till we witness a substantial pickup in economic activities.
We believe Banks and E&Ps have the potential to outperform the broader market. The banking industry is set to benefit from an estimated 40% increase in earnings supported by NIMs expansion due to high-yield investments and cost normalization emanating from an absence of one-offs. The E&P sector may gain traction once the SPO supply overhang is addressed, potentially allowing the industry to converge towards its fair value. Out top picks for CY20 include HBL, MEBL, BOP, OGDC, PPL, HUBC and FFC.

http://www.bmacapital.com/enewsletter/mail/infocus/BMA_InFocus_Pakistan_Strategy_12022020.pdf
TOP PICKS
Engro efert ogdc ppl pso dgkc luck hubc ubl hbl atrl nrl nml efoods aicl hcar searl

Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #41026 on: February 12, 2020, 04:04:38 PM »
Closing Summary!!!

The session ended at 40,531 with a net gain of 817 points. As discussed in the previous closing summary and outlook report, the Piercing Line pattern kept recovery intact and helped the index in surpassing the short term (intra-day) resistance lying at 40,330 area and once it started sustaining above the said resistance, the volumes started picking up, suggesting that the earlier panic short covering was converted into fresh buying, due to which the volumes from KSE-100 index clocked at 126.2 Million, up by nearly 9.5% from previous session.

For the coming session, index is likely to face resistance at 40,700 – 40,990 area, as this is where 10-DMA and Weekly Resistance Level 1 are lying respectively. Noting that index has not surpassed any of the said indicators since January 21, 2020 and therefore index needs to give session closing above 40,990 in order to escape the bearish channel and entry Neutral Mode. Doing do will help it in taking on 41,550 and eventually 41700 by end of the week.

On the downside, 40,100 is now providing initial support, followed by the expected bottom for the day at 39,600.


Offline Alpha

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #41027 on: February 13, 2020, 12:29:49 AM »

https://www.thenews.com.pk/latest/612927-pakistan-not-to-raise-tax-rate-or-reduce-collection-target-says-imf-as-talks-end

Offline Aahaf

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #41028 on: February 13, 2020, 02:27:11 AM »
Nikalja kal ki mandi main bhi hans kai nasir     gham ko shenay main bhi kudrat ne maza rakha hai :D
Hokai mios na kiare sai ukharo podai, dhoop ayee hai tu sawan bhe yaha barsai ga
tashreeh : iss shair main shayar bayan karna chahtay thay kai aaj nikal lay weekend tak halaat dekhtay hue phir enter ho jaio
:console: support 39600 38600
adam boo jo item -5.5% pe milay must hai along with ppl aaj index support tooti to kal amanat samaj kar wapis kar dain ge  :laugh:
global bhai ppl ki call de dain phir public ko 150 pe dilwana hai  :tongue:

Offline Investonly

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #41029 on: February 13, 2020, 09:44:08 AM »

*Morning News (13-Feb-2020)*

*Economy & Sectors*

*IMF asks govt to focus on human development*
The International Mone¬tary Fund (IMF) has asked Pakistan to reduce import tariffs, ensure General Sales Tax harmonisation, enter into free-trade agreements and take ownership of underfunded Sustainable Development Goals (SDGs).
https://www.dawn.com/news/1534175/imf-asks-govt-to-focus-on-human-development

*Plenary meetings begin from 16th: Azhar reiterates commitment to FATF action plan*
Federal Minister for Economic Affairs, Hammad Azhar Wednesday said Pakistan remained committed to the earliest completion of its Financial Action Task Force (FATF) action plan, as the plenary meetings of the global watchdog were scheduled to begin from February 16 in Paris.
https://epaper.brecorder.com/2020/02/13/16-page/824605-news.html

*Remittances rise to $13.3bn in 7 months*
Foreign remittances grew to $13.3 billion in remittances during the first seven months of this fiscal year, from $12.774bn in the corresponding period of 2018-19.
https://www.dawn.com/news/1534201/remittances-rise-to-133bn-in-7-months

*Yield for 12-month paper up 39bps*
The government raised Rs274 billion on Wednesday through auctions of treasury bills that saw an increase of 39 basis points in the 12-month papers.
https://www.dawn.com/news/1534195/yield-for-12-month-paper-up-39bps

*State Bank raises freelance payment limit to $25,000*
The State Bank of Pakistan on Wednesday increased the payments limit for freelance services in information and communication technology by five times
https://www.dawn.com/news/1534197/state-bank-raises-freelance-payment-limit-to-25000

*IMF tells Pakistan to sign more FTAs to boost exports*
The International Monetary Fund (IMF) has advised Pakistan to make efforts to increase the volume of its exports by inking Free Trade Agreements (FTA) with more countries, said National Assembly Finance Committee Chairman Faizullah Kamoka.
https://profit.pakistantoday.com.pk/2020/02/12/imf-tells-pakistan-to-sign-more-ftas-to-boost-exports/

*First shale gas & oil well: Over 2,487- meter drilling carried out so far*
Brisk drilling was in progress at the first shale gas and oil well near Hyderabad city of the Sindh province to acquire geological and engineering data for further planning of the pilot project.
https://mettisglobal.news/first-shale-gas-oil-well-over-2487-meter-drilling-carried-out-so-far

*Foreign Currency deposits remain stagnant in January*
Foreign Currency Deposits during the month of January  2020 stood at $7.6 billion, increased marginally as compared to deposits recorded in January 2019.
https://mettisglobal.news/foreign-currency-deposits-remain-stagnant-in-january

*US State Dept seeks funds to resume military training for Pakistan*
The US State Department has sought $72 million in its 2021 budgetary request from the Congress for resumption of Pakistan’s participation in a coveted US military training programme and other initiatives.
https://tribune.com.pk/story/2155208/1-us-state-dept-seeks-72-million-funds-pakistan/

*Hafiz Saeed jailed for terrorism financing*
An anti-terrorism court Wednesday sentenced Jamatud Dawa (JuD) chief Hafiz Muhammad Saeed and his aide Malik Zafar Iqbal for five and half years Rigorous Imprisonment (RI) each in two cases of terrorism financing.
https://epaper.brecorder.com/2020/02/13/16-page/824604-news.html

*Chinese fintech firm keen to invest in microfinance sector*
Chinese leading financial technology firm MinTech is keen to invest in Pakistan for providing solutions to microfinance sector in the country, its chief said on Wednesday.
https://www.thenews.com.pk/print/612952-chinese-fintech-firm-keen-to-invest-in-microfinance-sector

*Commodities Corner*

*Oil Rally Runs Into Turbulence After Jump in Chinese Virus Cases*
A nascent rebound in oil prices ran into turbulence after China’s Hubei province reported almost 15,000 new coronavirus cases as it changed its method for counting infections.
https://www.bloomberg.com/news/articles/2020-02-12/oil-extends-rally-above-50-on-optimism-virus-stabilizing?srnd=premium-asia

WTI Nymex (USD/bbl): 51.36 (0.37%)
Brent Oil (USD/bbl): 55.88 (0.16%)
Gold (USD/oz): 1572.74 (0.43%)


Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #41030 on: February 13, 2020, 04:11:37 PM »
Closing Summary!!!

The session ended at 40455, As discussed in the previous outlook and the closing summary, the strong resistance between 40,700 & 40990 limited the recovery and the already weak and injured bulls gave up the momentum. The index made an intra-day high of 40,787 and then the aggressive pressure dragged it to as low as 40,323. The session ended with a Shooting Star pattern and with higher volumes, indicating Pump N Dump action.

For the coming session, the index is likely to remain trapped in a thin range between 40,200 and 40,700.
Most importantly, the coming session is going to be the end of week session and the emerging candlestick pattern suggests that Bears are likely to take rest for a while, as we are having a Hammer on Weekly Terms and the volumes have already surpassed previous week’s figure. Now, even if the week ends below 39,600, the pattern would either by an Inverted Hammer, a Doji or a Spinning Top. All these patterns are anti-bear patterns and will form a Bullish Deliberation Block.

While closing the week above 41700 is what the Bulls need to take the control of the driving seat.


Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #41031 on: February 14, 2020, 05:02:42 PM »
Respected Investor of PSX  :tongue: :laugh:

Pakistan Stock Exchange the third phase of Enhancement of Circuit Breakers will be implemented from Monday - February 17 2020. Circuit Breaker (Cap or Floor) will be of 6.5% or PKR 1, whichever is higher.


Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #41032 on: February 14, 2020, 05:47:13 PM »
The session ended at 40243 with a net loss of 212 points. As discussed in the previous outlook, the index remained stuck in the suggested range, where due to previous Shooting Star based closing the selling pressure continued, but could not break the support at 40200 on closing terms. Despite a positive start, the index bulls could not make an impressive comeback, suggested resistance 40,700 limited the upside and triggered aggressive selling pressure from 40,603 that dragged the index to as low as 40094, before letting it close the session at 40,243. Volumes were the main highlight of the session as stocks from KSE-100 generated 85.7 Million Shares, the lowest intra-day volume since November 2019.

Having said that, if we look at the Weekly Charts, a lot of indicators are suggesting that now bears are likely to take a breather. Some of the said indicators are;
1. Index has closed the week above Weekly Support Level 1, for the first time since the week ended January 24, 2020.
2. There has been an upward revision in volumes as volumes from KSE-100 index stocks have surpassed the previous week’s figure and this upward revision is witnessed for the first time since the week ended January 24, 2020.
3. Weekly closing pattern was a Bullish Pin-Bar, which is an Anti-Bear pattern and suggests that bears are getting exhaustion.

Now, the Bulls need to capitalize these opportunities and turn the recovery into bullish reversal, which will only be possible when the coming week closes above 41,700, as this will break 3 main resistances, i.e. the Weekly 10-MA, 50-DMA and previous months closing level. Support for the week is seen at 38,900.

On intra-day terms, the index is likely to take support from 40,200 – 39,990 area, while immediate resistance for the session is seen at 40,450 – 40,750 area.


Offline Investonly

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #41033 on: February 14, 2020, 11:16:24 PM »
Friday February 14, 2020

Market Review for the week

The market witnessed a dynamic week, exhibiting volatility on both sides of the spectrum. The week started off on a rough note with the index losing 847pts by day’s end. Weakened investor sentiments were largely a result of an uncertain economic climate amid heightened inflationary pressures. Moreover, regional uncertainty was also a primary theme at the start of the week due to China’s coronavirus outbreak, sparking fears of a potential slowdown in regional economies. During subsequent sessions, however, influx of liquidity from key institutions provided a much-needed breather and helped uplift the index by 1,234pts during the next 2 trading sessions. The remaining two sessions, however, adopted the prevalent economic theme and caused the index to lose 288pts, with the KSE-100 ultimately closing at 40,243 (+100pts) by the end of the week.  

Resultantly, the market activity remained flat as ADTO registered at 168mn shares whereas activity was noted at USD40.3mn, down 11% WoW Foreign investors were seen offloading during the outgoing week selling positions worth USD10.6mn (four days). This was mainly concentrated in Banks (USD3.6mn) and Textiles (USD2.7mn). On the other side, Fertilizer (USD1.2mn) witnessed inflows.

Outlook

We anticipate the market to remain ranged-bound during the upcoming week likely due to the prevalent inflationary pressures, likely causing a delay in the monetary easing cycle. Moreover, the FATF’s review is scheduled during the upcoming week where a positive feedback from the financial watchdog may reinvigorate investor sentiments regardless of the final outcome. Our top five picks are OGDC, MCB, FFC, PSO and HUBC.


Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #41034 on: February 15, 2020, 11:52:30 AM »
Weekly Review
Week started with market witnessing a major sell-off (KSE-100 down 847pts) amid fears of global growth slowdown as cases of coronavirus increased however subsequent slowdown in incremental cases helped return some confidence and market posted positive moves in subsequent session. Momentum was carried through to mid-week with news of smooth progress in discussions with IMF while improvements on political front also provided support after fruitful discussions took place between govt. and some of its allies. Week ended on a negative note though amid yield of 12-month Treasury bill increasing by 39bps in the latest auction and investors booking profits after the mid-week rally. KSE-100 closed the week at 40,243ptts, up 0.25%WoW where trading activity remained flat on WoW basis. Foreigners remained net sellers during the week where selling of USD11.15mn was mainly absorbed by insurance companies and other organizations. Other major news flow during the week included: (i) Pakistan's trade deficit shrinking over 28% to USD13.8bn in 7MFY20 due to import compression, as exports showed negative growth for the third consecutive month, (ii) Prime Minister Imran Khan assuring the export-oriented sectors that there will be no change in tariffs of electricity and gas for next three years, (iii) Federal cabinet approving a comprehensive package under which PkR10bn subsidy is to be provided in order to make essential items available at subsided rates, (iv) Pakistan's auto sector continuing to show dismal performance during 7MFY20 with cars sales plunging by 44%YoY, and (v) possibility of The Federal Board of Revenue (FBR) imposing a standard rate of 17% sales tax on certain items subjected
to lower rates of sales tax (5, 7.5 and 10 percent). Top performers during the week included MLCF (+4.17%WoW), HUBC (+4.09%WoW) and HBL (+3.61%WoW), while PAEL (-7.12% WoW), KAPCO (-6.66%WoW) and GWLC (-4.14%WoW) remained the worst performers. Major volume churners included UNITY (65.61mn shares), HASCOL (61.78mn shares), MLCF (41.69mn shares), BOP (40.36mn shares) and DGKC (39.85mn shares).

Outlook
With result season in full swing, near term market performance will largely be guided by earning reads. PSO, UBL, HBL & ENGRO are  some of the major corporates scheduled to announce their earnings next week. From a macro vantage, the market will be keenly watching developments pertaining to the second IMF review under EFF, where the deadlock on future policy framework on the conclusion of IMF's team visit could trigger risk-off sentiment.

Offline aatradekhi

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #41035 on: February 15, 2020, 05:06:53 PM »
PSL "Pak super League" eats PSX intentions .. market should behave direction less

+ only play in OGDC and LUCK on weak levels for buy on daily basis .. koe chamatkar filhal momkin nahi lagta .. do profit taking daily basis

This msg script writer is AJEEB KHAN
« Last Edit: February 15, 2020, 05:10:19 PM by aatradekhi »

Offline winner11

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #41036 on: February 15, 2020, 05:18:45 PM »

Offline winner11

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #41037 on: February 15, 2020, 05:19:18 PM »
Today's Corporate News
Compiled by ICMA Pakistan
15th Feb 2020
 https://www.icmap.com.pk/


1 – Sanjrani asks govt for FIA probe report on sugar, flour crises (https://www.dawn.com/news/1534583/sanjrani-asks-govt-for-fia-probe-report-on-sugar-flour-crises )


2 – Pakistan, Turkey to transform ties into economic partnership (https://www.dawn.com/news/1534568/pakistan-turkey-to-transform-ties-into-economic-partnership )


3 - IMF praises Pakistan for meeting performance criteria
(https://nation.com.pk/15-Feb-2020/imf-praises-pakistan-for-meeting-performance-criteria )


4 - Door left ajar for IMF-Islamabad agreement
(https://tribune.com.pk/story/2157202/2-door-left-ajar-imf-islamabad-agreement/ )


5 - US likely to back Pakistan on FATF (https://www.thenews.com.pk/print/614237-us-likely-to-back-pakistan-on-fatf )


6- Stock market sheds 212 points
(https://nation.com.pk/15-Feb-2020/stock-market-sheds-212-points )
 

7 - Big hike in SBP profit helps cut fiscal deficit to 2.3pc of GDP (https://www.dawn.com/news/1534567/big-hike-in-sbp-profit-helps-cut-fiscal-for


8 - Large industries record healthy growth of nearly 10%
(https://tribune.com.pk/story/2157072/2-large-industries-record-healthy-growth-nearly-10/ )

9 - Despite massive shortfall in tax collection, budget deficit under control
(https://nation.com.pk/15-Feb-2020/despite-massive-shortfall-in-tax-collection-budget-deficit-under-control )

10 - Apple takes smartphone sales crown from Samsung
(https://www.thenews.com.pk/latest/606987-apple-takes-smartphone-sales-crown-from-samsung )*

Offline Observer

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Re: PSX -- Pakistan Stock Exchange formerly Karachi Stock Exchange
« Reply #41038 on: February 15, 2020, 07:26:59 PM »
PSL "Pak super League" eats PSX intentions .. market should behave direction less

+ only play in OGDC and LUCK on weak levels for buy on daily basis .. koe chamatkar filhal momkin nahi lagta .. do profit taking daily basis

This msg script writer is AJEEB KHAN
Hence, jb satta baz free hongai wha sai tb Psx chalai ga. Ajeeb Khan bhe ajeeb lai kr ata hai market mai.