KSE 100 Index shoots up by 260.60 points!

Report by Muhammad Azhar

Bulls were in complete control throughout the day without giving any chance for bears to take the driving seat. Though the market was positive in first half of the day, but after the break intensive buying in energy, banking and cement sector scrips rejuvenated sideline investors. The uptrend came on the back of numerous reports; particularly foreign buying interest in energy sector scrips, higher earning news from cement scrips, lifting over of CFS and notably CalPERS improved ratings for Pakistan. The recent rating Pakistan attained is 1.80 up from 1.63, while to qualify for FTSE Emerging market index it should be 2.0. At the end of the day, almost all the blue chips closed in the positive zone with this week’s largest day of earnings. At the bell, KSE100 index closed with solid gains of 260.06 points or 2.48 percent to close at 10,726.46 as compared to 10,466.40 points on Thursday.

On the measuring front, gains to 100-share index came from many, but OGDC was by far the main index mover in the KSE-100, contributing 108.81 points (41.7%) to the index. PPL followed as a distant second, contributing 19.45 points (7.5%), and MCB 18.19 points explaining 7% of the index movement.

Turnover figure for KSE100 index was up by 33.16 percent to close at 540.43 million shares as against 405.86 million shares, the previous day. Today’s volume leaders were FFBL 64.89, DGKC 52.97, MCB 36.90 and FCCL 36.55 million shares. On the other hand, sector-wise lead was confined by cement, followed by banking and energy sectors.

38 Comments so far

  1. Asouza (unregistered) on February 3rd, 2006 @ 8:36 pm

    How much is the KSE worth in $US?

  2. :p (unregistered) on February 3rd, 2006 @ 9:11 pm


  3. Adnan (unregistered) on February 3rd, 2006 @ 9:53 pm

    KSE market capitalization at all-time high of Rs2,919bn – Jan 18 2006

  4. whocares (unregistered) on February 3rd, 2006 @ 10:32 pm

    Oh, big deal.

  5. striker one (unregistered) on February 3rd, 2006 @ 11:35 pm

    would ya translate into plain english please!!!!!!

  6. Noman (unregistered) on February 3rd, 2006 @ 11:35 pm

    That was a quick reaction but not very good. Are you gonna post every day about KSE data? I don’t think so. You should have written in some growth context and should have put more efforts other than copy paste :-( , Really disappointed with the contents and quality on this blogging site.

    @Asouza: KSE won’t be worth a lot in US $ but its the index which shows the growth and its comparable to NYSE.

  7. aLI (unregistered) on February 3rd, 2006 @ 11:57 pm

    I personally believe the growth of kse was way better than most of the countries .. in beg. of 2005 the index was 2500 and beg of 2006 it was 10,000

  8. alias (unregistered) on February 4th, 2006 @ 12:41 am

    Actually, the KSE-100 was at 6218 in the beginning of 2005, and 9556 at the beginning of this year. The entire stock exchange’s capitalization stands at about US$50 billion right now.

    And all of you should know: all that glitters is not gold. The KSE-100 formation is rather flawed. The 260 points rise today had much to do with one share only: OGDC. The few rupees increment in its price caused the index to rise by 110 points alone.

    But atleast this rise to 10k was a lot more genuine and fundamentally sound than the one last year. The high profitability of the companies speak for themselves.

  9. confused (unregistered) on February 4th, 2006 @ 6:55 am

    please tell me…is that a good thing or a bad?
    if its a good thing thenn yyyyeeeyyyyy KARACHI!!!
    n if bad then who cares? we’ll do better tommorow…

  10. Inspirex (unregistered) on February 4th, 2006 @ 7:05 am

    First of all, id like to clarify that i had commissioned this report specifically for this webiste. If you call it a copy paste operation, you also need to know where it came from.

    You wont find THIS report anywhere on any media, neither on any brokerage house’s research report.

    So much for copy paste.

    And No, i will not be posting KSE reports daily, primarily because such movements in the index are not that frequent. In the end, visiting the site is always your choice.

    @whocares, P & Striker 1:
    Please understand that irrespective of what magazine you read, TV channel you watch etc, there will always be inserts and articles that woudl not be sigificant to you or you just might not be able to comprehend what they say.

    This is an article about the massive movement in the KSE 100 index, a commonly accepted capital market indicator.

    @ Alias: I couldnt agree more. According to the analysis we conducted, OGDC impacted nearly 118 points on the KSE 100. Its just a mildly trimmed down version of the pre-march crisis. Additionally, the removal of the cap on CFS value, might affect the market negatively in the longer term.

    Are you aware of the free-float index?

  11. Inspirex (unregistered) on February 4th, 2006 @ 7:12 am

    & For those who dont know, the KSE has recently recieved 2 consecutive awards for the best prforming stock exchange in the World.

    The Chairman of the NYSE also priased the KSE’s performance.

    It also happens to have some of the best PE ratios across the globe. (PE = price:earnings; this implies how much a company earns compared to the price of its share, which ultimately means that ppl make a lot more money through dividends by investing less.

    This is also one of the prime reasons that the Equity Mutual Fund industy is also one of the best performing in the world.

  12. Noman (unregistered) on February 4th, 2006 @ 8:46 am

    @Inspirex: Cool down, this is a public forum and you should have guts to take any comments. The way you said “visiting the site is always your choice.” is a typical desi style. We have to come out of this mentality. If you think my comments were on rough end then still it does not give you right to ask me to consider my “choices”.

    Regarding copy paste operation, it was in the context sense, I could find the same post in any newspaper or in visual media along the same lines with different words.

    I am sure that you could contribute in much better way on this site. Have a nice week end !!!

  13. Inspirex (unregistered) on February 4th, 2006 @ 9:16 am

    @ Noman:
    My dear friend, trust me when i say this. I am the least bit offended.
    Regardin the context of the article/post issue, im sure you read newspapers, watch TV etc…..none of them “create” news per se…its always the same stuff, going around here & there. Similarly, this too is a report about something that happened yesterday. and im sure itll be all over the press today.

    I dont need to justify this, but since you seem to be insisting, ill clear on the matter regarding your choice too.
    Your statement “Really disappointed with the contents and quality on this blogging site” should have been directed towards my post in specific, rather than the whole site.

    Additionally, there is nothing “Desi” about that statement. The desi culture is actually very submitting, humble and comprmising in terms of doin what others desire.

    The “freedom of choice” statement is actually pretty liberal in its origin and is built around Freedom of Expression & The Right to Choose.

    once again, im just setting the facts straight and am not at all offended.

    Wish you a great weekend too. Have fun & best wishes…

  14. ANON THE FAKE ONE (unregistered) on February 4th, 2006 @ 9:33 am

    Hey Noman: How about you STFU

  15. Asouza (unregistered) on February 4th, 2006 @ 9:48 am

    Oh look it’s anon again…the little childish indian with too much time on his/her hands.

    Recently also littered the Lahore Metroblog…is there anyplace we can complain about this kid and have his IP address tracked down?

    Such Patethic Behaviour…

  16. Noman (unregistered) on February 4th, 2006 @ 10:17 am

    @Inspirex: I said that I am disappointed with the contents here on this blogging site and yeah that was my intention. I guess you people could write much better.

    Your comment was not very professional and I expect professional attitude. I might have different definition of professionalism so drop this here.

    @Anon: You could behave much better I am sure. Please try once, it won’t hurt you.

    @Asouza: How could you say he is an Indian and being an Indian does not make any one inferior. Let Anon do things he is best at. Don’t blame any one please, it does not give any thing.

    Okay buddies, I am out for beer bash. Its very pleasant friday evening here. Have fun.

  17. PESHAWARI (unregistered) on February 4th, 2006 @ 12:09 pm

    “Beer bash”? Is liquor allowed in Karachi? This is an Islamic mulk! THIS IS WHAT SECULARISIM WILL LEAD US!!

  18. big picture (unregistered) on February 4th, 2006 @ 1:55 pm

    now we must say “inalil-he-wa-ina-alyehe-rajeon”
    for this post

  19. billla (unregistered) on February 4th, 2006 @ 2:02 pm

    looks like people have some much time
    on their hands here that they keep on arguing about
    use less issue

  20. Indian Era of Glory (unregistered) on February 4th, 2006 @ 3:45 pm

    “How could you say he is an Indian and being an Indian does not make any one inferior.”

    Posted by: NOMAN

    Well said, No-man. We all know that being Pakistani makes you inferior, not Indian!

  21. Asouza (unregistered) on February 4th, 2006 @ 6:45 pm

    @ Noman: Bhai I have been around these forums a lot; believe me I can always smell an indian. Anyway the best way is too just ignore the animals; that way they’ll find something else to prey on

  22. Ramla A. (unregistered) on February 4th, 2006 @ 9:10 pm

    Please, there are better uses of our energies, gentlemen. And while no one is asking the readers to turn away, it is reasonable that this – or ANY site – will only cater to certain needs. If that need is not yours, there are two choices:

    1. Suggest that there is room for improvement. And if you would wish something specific to be covered, make a suggestion, and it will be considered. If we may not write on it the very next hour, wait, and perhaps your relevant

    2. Look for what may interest you. If you have completely different tastes, I have a story to share. When I was a kid, I used to think that a certain orange colored section of the papers called “Classified” was full of nonsense. And who was out there in the world to care about buying stuff and jobs and all that anyway?… Today, I feel pain when young persons and masis in the house tear out that “useless” page for drawing and cleaning mirrors. Moral: it’s all relevant.

    You don’t like the stock market? Try something else. Why spoil it for others? What – is – the – use?

    Finally, we at KHI Metblog are not newsmakers, but news reporters. And this is not our full-time job. It is just another blog where people have taken voluntary time out to inform the world about Karachi. We aren’t paid to go all over the city and make or collect news, so we do with whatever is available.

    What you can do it to suggest stories from around the web, and request for topics to be covered.

    -A Metblog writer, and a human being like yourself

  23. Noman (unregistered) on February 4th, 2006 @ 10:43 pm

    I am back and so much is going on ….

    @ Peshawari: I am at Stanford,CA .

    @Billa: What happened ? Why you are upset?

    @Indian Era: If you are an Indian then your nation would not take any pride on you. I try to believe in people and always give them margin. Please dont spread hate.

    @Asouza: You are harsh in your comments. You would always find some black sheeps in every nation so please don’t generalize. It is their right to broadcast their views and we should atleast try to reason them.Your reply would make him to again post some hate message.

    @Ramla: No one expects you to make news. I appreciate your team efforts but if you would come up with arguments such as “Not FT Job, Volunatary Work” , they are not acceptable. Its honor for the people who are writing here and don’t take that for granted. Its YOUR RESPONSIBILITY once you have “volunteered” yourself to provide us quality material. No one came to you and beg you to volunteer and if you think that some one is incapable of even voluneteering then its time to say good bye.Take pride in your work and please don’t send visitors on guilt trip.

    Sorry if I sound harsh. I have no problem with authors here and I think they are doing great work to keep attachment of people like me with the city.

    Any how lets make it short, I want to write for this blog, wats the procedure. If I can not then do email me at mnoman15-netflix@yahoo.com. I would send you some of my work and then your team think if its appropriate could publish.


    P.S. Don’t send hate emails.It won’t make any difference to me

  24. Ramla A. (unregistered) on February 4th, 2006 @ 10:49 pm

    *…and perhaps your relevant interest will be covered.

  25. Ramla A. (unregistered) on February 4th, 2006 @ 11:24 pm

    Dear Noman:

    No one is sendiing hate mails to you. Can you cite specifically about in what ways can this site improved rather than make a statement which will make the writers wonders, “What can I do to please them”?

    As I said, and perhaps you noted, suggestions are taken into account! And whereas readers have rights to express their opinion, the writers deserve at least the minimal respect any human with feelings deserves. You alluded to professionalism. What is your opinion of accusing a writer of Copy/pasting, when they indeed took the time out to prepare an original report?

    I did not make an excuse for anything, because I am not sure if there is anything to make excuses about. I merely explained to you that this is not an official site, the writers are not its owners, and since it is often suggested here that writers cover this or that topic WITH PHOTOS, I made clear that we are not paid for this. Which does NOT mean that I am saying, “Oh we won’t do anything,” but that we can only work within or means. And we do.

    This site was central in coordinating quake relief efforts. This site has promoted small businesses and artists and other people.

    Now for applying to Karahi Metblog, you will need to visit metroblogging.com and apply. Currently, we have a system whereby only specific cities look for invite-only writers each month. Karachi is not one of them this month.

    The writers do not manage this website. We only blog on issues we know of, and try our best to deliver refreshing news.

  26. Ramla A. (unregistered) on February 4th, 2006 @ 11:41 pm

    @ Noman
    Just noted this. Again:
    “Sorry if I sound harsh. I have no problem with authors here and I think they are doing great work to keep attachment of people like me with the city.’

    Meray bhai. It was you who said the site is disappointing! And you know, we CARE about your opinion, because the honor that this site and the readers gave us is on the line.

    At the end of the day, and on the other side of the screen sits another human being, who thought, let me share with people some news that may benefit them. The last thing that person would want is to be sent on a guilt trip for writing on KHI MB.

    Perhaps one day when and if you write here, you may be able to understand how important the feedback of the readers to us is. Sigh.

    All right. I’ll call it a day. I like to be honest, and right now – it’s all right…. Good bye.

    Anyway. Tomorrow is another day, and we will write for those who benefit from this site. :)

    Allah Hafiz

  27. ANON THE FAKE ONE (unregistered) on February 5th, 2006 @ 8:49 am

    Asouza: I have never posted on the Lahore Metblog so don’t say anything without proof.

    Also, if I was an indian why would I tell Noman to STFU when he is the one who is littering KHI Metblog with his useless unconstructive comments.

  28. yoyo (unregistered) on February 5th, 2006 @ 10:10 am

    RAMLA has a better approach than INSPIREX.

    Listening to constructive criticism is healthier and leads to betterment. Rather than asking the constructive criticizer to move on if he doesn’t like what he reads.

  29. SKETCHER (unregistered) on February 5th, 2006 @ 10:17 am

    RAMLA I would like to put a question to you..since you appear to be the only one who lends an ear to “NON AUTHORS” here..

    Is there a consensus among the Authors of KARACHI metroblog to stay away from discussing current affair topics on this blog.

    Or is it just that Karachi youth dosent wanna discuss it.

  30. Asouza (unregistered) on February 5th, 2006 @ 6:56 pm

    Anon…here’s your proof you monkey…


    Anon…don’t you have 6th class math school work to do?

  31. Asouza (unregistered) on February 5th, 2006 @ 6:58 pm

    If people wanna discuss current events post it…those who don’t want to…or just have no idea about the subject and don’t want others to discuss it should mind there own damn business. that goes for the official bloggers of the KHI MB!

  32. ASOUZA (unregistered) on February 6th, 2006 @ 3:14 am

    Wow what a proof. So now I am Mr. Asouza. You moron.


  33. sarah (unregistered) on February 6th, 2006 @ 6:43 am

    whT ARE WE TALKING HERE ???????????

  34. Asad (unregistered) on February 6th, 2006 @ 11:10 am

    There are two messages coming out of these comments regarding this blog. First as a nation we should be able to take criticism in more costructive way. If some one keeps praising you thats no good.
    Secondly we need to drop this negative attitude that we are nothing and can never make it there.

    Karachi Stock market is definitely not flaw less. Its not of comparison to any major markets in terms of its capital. But it does symbolizes market situation in Pakistan. I am not economist but I can tell that situation is 100 % better in karachi. We all remember the traumatic decade of 1990s. The situation is glaringly better as evident by all the posts on this blog. Guys we are not that bad. Our Stock market can also do better. We need to be positive in our attitude. Some times being too realistic is not good for ones self.

    Lazim hai kai rahai dil kai saath aqal
    Laikin kabhee kabhee esay tanha bhee chor dae


  35. Ramla A. (unregistered) on February 7th, 2006 @ 12:48 am

    Asslam-o-Alaikum/ Peace, all:

    Just a few quick responses:

    Thank you, Yoyo, et al. May I say though that it’s not a competition. Let me tell you about Inspirex: he is a very shareef banda. And once upon a time, as a moderator of one of the e-groups that I managed and he was a member of, I showed him a similarly quick-tempered side during a debate which each have forgotten now. The episode taught us both. :) It happens. And it’s a two-way thing.

    Moving on:
    It seems that we are in need of a proper reader-writer dialog. There are actually many things that readers find short on the site but those are under development. Videoblogs, meet-ups, other things. Rome wasn’t built in a day, and Metblog is taking its own good time, so be with us, dear visitors.

    A quick note (I gotta run): there is no conspiracy to be silent on certain issues. I think we try to cover things not in the mainstream media, and current affairs are well-covered there.

    Second, this is more like a Guide to my City and People kind of site. At least I see it as such. And so, some very contentious issues are left out to those who are better at dealing with them, i.e. mainstream media.

    Third, amongst us writers, it is perhaps I who suggested that we remain more neutral and focus NOT on problems. My reasons are: 1) those issues are covered by countless other Pak media online. 2) Personally, I find problem-talking rather unproductive. That it leads to no solution is perhaps a better testiment to this belief than any of my claims. 3) We want to guide the global and the local reader to the more pleasnat and otherwise undiscovered side of Karachi. So far we have done an average to fair job of it, with much to improve.

    As we know, there are very few sources of info in Pak and we being non-journos can’t readily find sources to lead us onto stories. And this is where the readers come in: by giving us links, suggestions, story ideas, and OODLES OF ENCOURAGEMENT, you can help the writers make the site much useful for everyone.

    It is the reader who benefits if the writer writes happily. Believe it or not, perhaps we do it for nothing more but your love and your benefit.

    Otherwise, to make name on the Net, there are other ways.

    As our reader Asad might say:
    Badnaam jo hongay toh kya naam na hoga?
    (as I remember the line)

    Love & peace,
    -Ramla, on behalf of all KHI MB writers

  36. Ramla A. (unregistered) on February 7th, 2006 @ 12:51 am


  37. Noman (unregistered) on February 10th, 2006 @ 11:14 am

    KSE crossed 11K (http://www.kse.com.pk/) … wow I am making some good money :-) .

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