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These Celebrates Un Follow Hailey Bieber after the Drama

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On Tuesday, analysts observed a happy upward curve in terms of optimism at the stock market. This is one of the news that spreads unexpected happiness and same happened at the stock market. However, all in a day’s work. The upward curve was due to an addition of 239 points at the KSE-100 index which was in turn due to an expected low inflation for the month of April. A possibility of a deeper rate cut in May by the state bank’s monetary policy also played a great role. Stocks trading and markets are affected by general confidence and trust. An air of disbelief can be extremely detrimental for a market that is already going in a nose dive. Well it’s the same case around the world, isn’t it?

It doesn’t matter whichever index is eyed; only melancholy is evident. Due to the halt in international trade that came as an after-shock of the pandemic, people do not trust the numbers. For those analysts who are crunching numbers and making predictions, this pandemic has not been exactly kind. However, when it comes to PSX this upheaval can be rather regarded as a positive one. Observation also revealed a different trend for late Monday as Brent crude traded below $20 per barrel and West Texas Intermediate (WTI) saw a fall of 25%. All of this fiasco impacts the oil stocks at PSX and so it happened.

  

The remaining part of the day was governed by a directionless session. Early hours of trading were not so devastating and showed a surge and rise in fact. Once again the happiness was not that long lived as countable advances were taken off the table at noon. Then again, optimism set the tone and helped to make up for losses. At end, KSE-100 index recorded an increment of 238.82 points for a total score of 32.553.39. As long due concerns over cement prices faded, prices in the sector saw a revival. PSO also reported gains. However, banking sector didn’t have anything to report other than raw selling pressure due to rate cut possibilities.

As the market trend depicted, top position was maintained by the cement sector with vanaspati firms and banks in following. The trading volumes were 59.6, 20.5, and 16.8 million shares respectively. According to experts the investment funnel remained dry and thin due to shrunken participation by investors due to Ramadan. Overall, the trend was a positive one with many big names retaining position. The total numbers for trading volumes reached to 159.4 million shares which is good when compared to Monday’s nosedive that yielded 122.3 million shares. 325 companies traded shares. Out of these 325 only 174 closed in a better place. The undisputed volume leader was maple leaves followed by unity foods and Bank of Punjab. 

With this being said, there are still many Tuesdays to come. We all hope that we can see good days at the stock market without having to worry about plummeting figures.

Let us know if you have any suggestions or questions. You can always reach out to us.

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Reforms in the Pakistani Capital Market

Capital markets in the world need to be stringently monitored and regulated as they are considered the backbone of the economy and a reflection of its stability. The purpose of such governance is to safeguard investors from fraud and deception, leading to minimizing financial losses, secure capital markets, stability in the economy, causing a cyclical impact on long-term investments.

Upon careful comparative analysis of international capital markets, it can be observed that markets with consistent bullish trends attract greater Foreign Direct Investments (FDI’s); relaying a sense of trust and guaranteed returns on their investments, which is all that matters to an investor. Consequently, continuous investments in return effectively support the economy while maintaining stability in the market; a cyclical pattern of a stable market

Capital markets like UK, USA or Turkey which observed significant growth in 2012, are prime examples of stable markets and are implications of well managed and governed systems. Pakistan as a developing economy needs to cater to the needs of investors by applying rigorous mechanisms that secure its investors.

All three stock exchanges in the country, particularly Karachi Stock Exchange (KSE), have seen steady times following a series of downfalls in 2008. However, in 2011-2012, KSE reached 16,218 points and was labeled as the best emerging market in Asia with financial returns of 40—50%.  In the 2013-2014, KSE hit a record high of 28,913 points (the index has since then crossed the 30,000 mark) which was an increase of 45.2% than the previous year. 

The year 2014, has proven to be a year of growth and high spirits for the Pakistani capital market. Pakistan ranked third in 2014 amongst the top ten best performing markets in the world, for the third consecutive year. Throughout the year, the benchmark KSE 100-index exhibited outstanding performance, touching historic levels in terms of value and volume.

Although in order to maintain such record highs, continuous measures need to be adopted. In 2012-13, a number of market reforms were implemented which in return led to the apparent bullish trends. The Securities and Exchange Commission of Pakistan (SECP) introduced legal and structural changes, while strengthening its Risk Management and improved transparency that led to a build in trust and credibility in the markets.

Firstly the SECP, corporatized and demutualized the Pakistan stock exchange , which was considered one of the most revolutionary reforms of all times in 2012. This led to segmentation of commercial and regulatory functions and a separation between ownership and trading rights. This not only led to greater governance and transparency but also projected a positive image internationally, attracting global strategic investors of good stature and increase the depth of primary and secondary markets.

With the initiation of Trading Right Entitlement Certificate (TREC), a Base Minimum Capital (BMC) was required that was to be maintained at all times, and was used as collateral in the event of a default.

To fulfill the hedging requirements of various investors in the commodity markets and to further enhance the product Suite at Pakistan Mercantile Exchange (PMEX) was approved in silver. They further implemented regular inspections and audits to follow compliance and the regulatory framework.

With the introduction of the code of corporate governance in 2012 applied to all listed companies as a part of stock exchange regulations. This code also incorporated international best practices and standards to ensure transparency and good governance.

Moreover, SECP has also in the past made similar moves to bring investor confidence back, especially by setting up a centralized clearing company in the form of National Clearing Company of Pakistan Limited (NCCPL). NCCPL’s introduction in to the market replaced the separate and individual Clearing Houses of three Stock Exchanges by a single and centralized entity. NCCPL introduced the National Clearing and Settlements System (NCSS), an electronic clearing and settlement system, which ended the need for 3 separate clearing houses in the country and provided relief on time involved for clearing trades between parties.

Since its inception, NCCPL has not only grown as a clearing and settlement service organization in terms of its capacity and capability, but has also started making valuable additions in its products and services portfolio to facilitate the capital market investors and contribute towards development and transparency of capital market operations. NCCPL’s latest offering to the public, the National Custodial Services (NCS), is another product which looks to build investors’ confidence and increase investor participation in capital market activities.

Similarly with the introduction of NCS, by NCCPL, it takes away one liability of investing in the stock markets and lets the investor only worry about the natural course of events. The capital market investors opting to avail the NCS can continue to transact in the capital markets through their respective TREC Holders. Further, custody of cash and securities will also be maintained with NCCPL.

“NCS is one of the key institutional products introduced in the capital market that shall significantly reduce market risk, add transparency, and enhance transactional efficiency”, said Mr. Nadeem Naqvi, MD, KSE and Chairman NCCPL Board. “The TREC holders should be welcoming this development as it increases the credibility of the capital market as whole. NCS provides investors the option to have national capital market institutions look after their assets if they so wish and this should go a long way to avoid the issues related to the custody of their assets. The reignited fears around investing should be put to bed and potential investors should look towards the stock exchange to invest money in instead of just properties.”

Speaking about NCCPL’s latest offering, Mr. Muhammad Lukman, CEO, NCCPL stated, “The NCS is an effort made by NCCPL to add to the effectiveness of the capital market operations. It offers safe custody of investors’ cash and securities in a cost effective manner and facilitates the TREC Holders by providing relief in margin and capital adequacy requirements.” Further talking about overseas Pakistanis, he added, “Through this product we are also targeting overseas Pakistanis, who are not investing money back home in the capital market. A campaign will soon be launched to create awareness amongst non-resident Pakistanis about this.”

Change over the years and recognizable improvements in the Pakistani capital markets was due to the implementation of stringent reform, revolutionary strategic legal and structural changes and efficient transparency and security offered to its investors. The attempt to improve the capital structure was fruitful with the results reflected in 2014 and the consecutive third position for three years running as the top ten best performing markets in the world. 

Source: NCCPL

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PSL 5 Live 2020: Ali Zafar Releases a video Hinting PSL 5 New Anthem

Yo! Watch this complete video tutorial closely and follow the dance steps to be a part of the video - Dance Tutorial by Ali Zafar https://t.co/SdNPe1yhRT #bhaeehazirhai

— Ali Zafar (@AliZafarsays) February 24, 2020

Ali Zafar is going to release a brand new anthem for PSL 5 (Pakistan Super League) after the big disappointed by the official anthem of the PSL 5 2020 “Tayyar Hain”. Their is also a controversy going on between Ali Zafar and Ali Azmat. Ali Azmat said that Ali Zafar hired bloggers and he is the reason behind the disappointment of the PSL anthem which Ali Zafar replied in a very sarcastic way which was hilarious appointing that whatever happens in our lives is not because of us it is because of him.

watch PSL Live Streaming free only on Mjunoon.tv

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PSL 5 2020: The Action Begins on 20th Feb

The action begins with the fifth edition of Pakistan Super League 2020. Catch the biggest cricket event with free live streaming only on mjunoon.tv

The Competition heats up among fans as their favorite Pakistan Super League teams take on each other so don’t forget to watch PSL 5live Streaming on mjunoon.tv

PSL 5 SCHEDULE 2020

Date	Matches	Venue
20-Feb	Quetta Gladiators vs Islamabad United (7:00pm)	Karachi
21-Feb	Karachi Kings vs Peshawar Zalmi (2:00pm)	Karachi
21-Feb	Lahore Qalandars vs Multan Sultans (7:00pm)	Lahore
22-Feb	Quetta Gladiators vs Peshawar Zalmi (2:00pm)	Karachi
22-Feb	Islamabad United vs Multan Sultans (7:00pm)	Lahore
23-Feb	Karachi Kings vs Quetta Gladiators (2:00pm)	Karachi
23-Feb	Lahore Qalandars vs Islamabad United (7:00pm)	Lahore
26-Feb	Multan Sultans vs Peshawar Zalmi (7:00pm)	Multan
27-Feb	Islamabad United vs Quetta Gladiators (7:00pm)	Rawalpindi
28-Feb	Multan Sultans vs Karachi Kings (2:00pm)	Multan
28-Feb	Peshawar Zalmi vs Lahore Qalandars (7:00pm)	Rawalpindi
29-Feb	Multan Sultans vs Quetta Gladiators (2:00pm)	Multan
29-Feb	Islamabad United vs Peshawar Zalmi (7:00pm)	Rawalpindi
1-Mar	Islamabad United vs Karachi Kings (7:00pm)	Rawalpindi
2-Mar	Peshawar Zalmi vs Karachi Kings (7:00pm)	Rawalpindi
3-Mar	Quetta Gladiaotrs V Lahore Qalandars (7:00pm)	Lahore
4-Mar	Islamabad United vs Lahore Qalandars (7:00pm)	Lahore
5-Mar	Peshawar Zalmi vs Quetta Gladiators (7:00pm)	Rawalpindi
6-Mar	Karachi Kings vs Multan Sultans (7:00pm)	Lahore
7-Mar	Peshawar Zalmi vs Islamabad United (2:00pm)	Rawalpindi
7-Mar	Lahore Qalandars vs Quetta Gladiators (7:00pm)	Lahore
8-Mar	Multan Sultans vs Islamabad United (2:00pm)	Rawalpindi
8-Mar	Lahore Qalandars vs Karachi Kings (7:00pm)	Lahore
10-Mar	Lahore Qalandars vs Peshawar Zalmi (7:00pm)	Lahore
11-Mar	Quetta Gladiators vs Multan Sultans (7:00pm)	Lahore
12-Mar	Karachi Kings vs Lahore Qalandars (7:00pm)	Karachi
13-Mar	Peshawar Zalmi vs Multan Sultans (7:00pm)	Karachi
14-Mar	Karachi Kings vs Islamabad United (7:00pm)	Karachi
15-Mar	Multan Sultans vs Lahore Qalandars (2:00pm)	Lahore
15-Mar	Quetta Gladiators vs Karachi Kings (7:00pm)	Karachi
17-Mar	Qualifier: Team 1 vs Team 2 (7:00pm)	Karachi
18-Mar	Eliminator 1: Team 3 vs Team 4 (7:00pm)	Lahore
20-Mar	Eliminator 2: Eliminator Winner vs Qualifier Runner-UP (7:00pm)	Lahore
22-Mar	Final (7:00pm)	Lahore

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