Kjøp anbefalinger er ABL, ACPL, BAFL, BAHL, DGKC, EFERT, ENGRO, FATIMA, FCCL, FFBL, HUBCO, KAPCO, KEL, KOHC, LUCK, MCB, MLCF, NBP, OGDC, PAEL, PIOC, PKGP, PPL, PSMC , PSO, PTC, TGL og UBL. Toppvinningene i forrige uke var: Indus Dyeing, Bestway Cement, Service Indus, Nishat Chunian, Feroz 1888 Mills Ltd, Associated Services Limited, Nishat Mills Limited, Hascol Petroleum Ltd, IGI Insurance and Packages Limited. Toppløserne i forrige uke var: Sui South Gas, Philip Morris (Lakson Tobacco), Cherat Packaging, Meezan Bank, Allied Rental Mod, National Refinery, Pak. Int. Con. Ter. Indus Motor, Askari Bank Ltd og Faysal Bank. Toppvolumledere i forrige uke: BOP, SSGC, TRG, KEL, SNGP, JSCL, EFERT, NCL, FABL, PIBTL og FCCL. Pakistan Stock Exchange (PSX) markedsindeks, Locals8217 tyr fortsetter å slå utenlandske bjørner 8211 Indeks opp 1,6 WoW. KSE-100-indeksen har nådd på 43 000 ved å øke 675 poeng eller 1,59. Mens KSE-30-indeksen har nådd 23.145 ved å øke 369 poeng eller 1,62. Gjennomsnittlig daglig handelsvolum økte litt med 4 WoW til gjennomsnittlig 475 millioner aksjer. Utlendinger forblev netto selgere av aksjer på US37mn, hovedsakelig på grunn av kapitalflyt mot utviklede markeder fra Frontier og Emerging Economics blant styrking av amerikanske dollar. Ifølge eksperter fra karachistockexchange. org. Følgende nyheter har spilt en viktig rolle i Karachi Stock Market indeksbevegelse: Staten Bank har kunngjort Monetar-politikken og holder diskonteringsrenten uendret, dvs. 5,75 i to måneder Utenlandsk salg fortsatte også uformelt i løpet av uken, det var i stor grad begrenset til sideposter med sterk lokal likviditet presset indeksen for å lukke hele tiden Høy utenlandsk salget fortsatte i løpet av uken, og utlendinger som offloaded USD37,0mn av aksjer sammenlignet med netto salg av USD9,4mn i forrige uke ECC8217s godkjenning av reduksjon i gasspriser for industrielle forbrukere av PkR200mmbtu Oljeforsyningene stod på baksiden av økningen i internasjonale oljepriser, som økte mer enn 5 i løpet av uken, da utsikter for en mulig forsyningsavtale som ble meklet i det kommende OPEC-møtet, ble høye. OGDC (4.0), PPL (4.0) og POL (6.2) kjørte de store gevinsten i indeksen Staten Bank selger Rs290bln MTBs utbytter stort sett forblir flat juli-oktober nåværende konto underskudd opp 63 prosent YoY Summit Bank Limited kunngjør å gjennomføre due diligence av Sindh Bank Limited for potensiell fusjonsakse Prisen på stålstenger har økt med Rs8 000-Rs10 000 per tonn etter brannhendelsen på Gadani-skipet i siste måned som hevdet at minst 19 bor Kina for å gjøre ytterligere 8,5 milliarder investeringer i Pakistan, sa Ahsan Iqbal Dewan Cement (DCL) i dag på Pakistan Stock Exchange (PSX) at sponsoren utforsker muligheten for å selge 51 eierandeler til en utenlandsk enhet parallelt med muligheten for salg av nordanlegget i Haripur, Khyber Pakhtunkhwa Det er en inkonsekvens på over 19 milliarder kroner i subsidiet for urea og DAP i inneværende regnskapsår mellom det som ble budsjettet av Finansdepartementet og hva som er i Nasjonaldepartementets dokumenter Al Food, Security and Research (MNFSampR) Yunus Brothers Group (YBG) er i samtaler med South Korea8217s Kia Motors Corporation for å sette opp et bilmonteringsanlegg i Pakistan. Sponsoren til Lucky Cement og ICI Pakistan, YBG er i den første fasen av forhandlinger med det sørkoreanske selskapet, og få detaljer er tilgjengelige hittil har PIA inngått et finansieringsanlegg på US130mn. T8208bills-yieldene i den siste auksjonen forblir flate på 5,9463, 5,9471 og 5,9463 for henholdsvis 3m, 6m og 12m. Utgivelse av skuffende storskala produksjonsnumre (2.2 YoY i 1QFY17, 1.9 YoY i september-16) Følgende er få BUY-anbefalinger: Allied Bank Limited (ABL) 8211 KJØP Nåværende pris: PKR 104 Målpris: PKR 120 Attock Cement (ACPL) 8211 KJØP Nåværende pris: PKR 315 Målpris: PKR 340 Al Shaheer Corpporation Ltd. (ASC) 8211 KJØP Nåværende pris: PKR 52 Målpris: PKR 82 Bank Al-Falah (BAFL) 8211 KJØP Gjeldende pris: PKR 33 Målpris: PKR 38 Bank Al-Habib (BAHL) 8211 KJØP Nåværende pris: PKR 50 Målpris: PKR 60 DG KC Cement (DGKC) 8211 KJØP Nåværende pris: PKR 191 Målpris: PKR 216 ENGRO Fertilizer Limited (EFERT) 8211 KJØP Nåværende pris: PKR 64.6 Målpris: PKR 83 Engro Corporation (ENGRO) 8211 KJØP Nåværende pris: PKR 293.5 Målpris: PKR 361 Fatima Fertilizer (FATIMA) 8211 KJØP Nåværende pris: PKR 34 Målpris: PKR 39 Fauji Cement Company Limited (FCCL) 8211 KJØP Gjeldende pris: PKR 38,9 Målpris: PKR 47 Fauji Fert Bin Qasim (FFBL) 8211 KJØP Nåværende pris: PKR 53.6 Målpris: PKR 60 HUB Power CO (HUBCO) 8211 KJØP Nåværende pris: PKR 106 Målpris: PKR 121 Indus Motors (INDU) 8211 KJØP Gjeldende Pris: PKR 1484 Målpris: PKR 1735 Kot Addu Power Company (KAPCO) 8211 KJØP Nåværende pris: PKR 76.4 Målpris: PKR 116 K-Electric (KEL) 8211 KJØP Nåværende pris: PKR 9.3 Målpris: PKR 13 Kohat Cement (KOHC ) 8211 KJØP Nåværende pris: PKR 274 Målpris: PKR 353 Lucky Cement (LUCK) 8211 KJØP Nåværende pris: PKR 740 Målpris: PKR 813 MCB Bank Limited (MCB) 8211 KJØP Nåværende pris: PKR 226 Målpris: PKR 243 Maple Leaf Cement Factory (MLCF) 8211 KJØP Nåværende pris: PKR 111 Målpris: PKR 125 Nasjonalbanken i Pakistan (NBP) 8211 KJØP Nåværende pris: PKR 73 Målpris: PKR 80 Oil Amp Gas Development Co. (OGDC) 8211 KJØP Nåværende pris: PKR 145.5 Målpris: PKR 164 Pak Electron (PAEL) 8211 KJØP Nåværende pris: PKR 70.9 Målpris: PKR 83 Pioneer Cement Limited PIOC 8211 KJØP Nåværende pris: PKR 120 Målpris: PKR 137 Pakgen Power (PKGP) 8211 KJØP Nåværende pris: PKR 25.8 Målpris: PKR 40 Pakistan Petroleum (PPL) 8211 KJØP Nåværende pris: PKR 160,1 Målpris: PKR 177 Pak Suzuki Motors (PSMC) 8211 KJØP Nåværende pris: PKR 531.2 Målpris: PKR 661 Pakistan Statlig Olje (PSO) 8211 KJØP Nåværende pris: PKR 392,4 Målpris: PKR 490 Pakistan Telekommunikasjon (PTC) 8211 KJØP Gjeldende pris: PKR 18 Målpris : PKR 21.9 Tariq Glass (TGL) 8211 KJØP Nåværende pris: PKR 105.1 Målpris: PKR 120 United Bank Limited (UBL) 8211 KJØP Nåværende pris: PKR 214 Målpris: PKR 235 Mange takk for at du har lest denne artikkelen. MERK: Informasjonen som er lagt inn i dette bloggforumet (karachistockexchange. org), er basert på aktuelle saker, som er større enn investorens synspunkt. Det kan være uoverensstemmelse i grunnverdenen. Skrevet av: Rana Khurram KØBE anbefalinger er ABL, ACPL, BAFL, BAHL, DGKC, EFERT, ENGRO, FATIMA, FCCL, FFBL, HUBCO, KEL, KOHC, LUCK, MCB, MLCF, NBP, OGDC, PAEL, PIOC, PKGP, POL, PPL, PSMC, PSO, PTC, TGL og UBL. De største gevinstene i forrige uke var: Indus Dyeing, Hascol Petroleum Ltd, International Steels Ltd, Pak Services, Ghani Glass Ltd, Allied Rental Mod, Orix Leasing, Bank AL-Habib, Muree Brewery Co Ltd og Philip Morris (Lakson Tobacco). Toppspillere i forrige uke var: Indus Motor, Associated Services Limited, TRG Pakistan Ltd, Rafhan Maize Prod. Dawood Hercules Chem, Service Indus, United Bank, ICI Pakistan, Feroz 1888 Mills Ltd og Habib Bank Ltd. Toppvolumledere i forrige uke: BOP, JSCL, TRG, KEL, SSGC, SNGP, FABL, PIBTL, PTC, MLCF og Pael. Markedsindeksen for Pakistan børs (PX) opplevde en kjedelig uke, da investorene var forsiktige og foretrukket å reservere fortjeneste på baksiden av kontinuerlig utenlandsk salg i ti ti dager. Markedet testet 43K-nivået, men klarte ikke å opprettholde det som referansehandlet forfarget for mesteparten av uken. KSE-100-indeksen har nådd på 42.325 ved å redusere -524 poeng eller -1,22. Mens KSE-30-indeksen har nådd 22.776 ved å redusere -424 poeng eller -1,83. Ifølge eksperter fra karachistockexchange. org. Følgende nyheter har spilt en viktig rolle i Karachi Stock Market-indeksbevegelse: Statsminister Nawaz Sharif Søndag innviet en handelsrute som knytter Gwadar-porten til Kashgar, som en del av et fellesprosjekt med flere milliarder dollar (CPEC) for å starte økonomisk vekst i det sydasiatiske landet. Cosco Wellington, et skip som ligger ved havbunnen i Balochistan, ble lastet med over 150 containere - den første forsendelsen under den økonomiske korridoren Kina-Pakistan ble annonsert i 2014, som har som mål å knytte den asiatiske supermaktene Xinjiang-regionen med Arabiahavet Den ubehagelige utviklingen på grensen mellom India og Pakistan med rapporter om hyppige mini-skirmishes holdt markedsdeltakere på kanten. Tap som er sett på de regionale markedene i den tidligere delen av uken, reverberated på PSX. Høringen av Panama Gate-skandalen mot premier8217-familien holdt også en sjekk på saksbehandlingen. Utlendinger har kontinuerlig forblitt nettoresalgere, med netto USD 1313 millioner i aksjer solgt i 2016TD og US75mn av netto salg observert i løpet av de siste to ukene alene Government of Pakistan avviste bud verdt PkR113bn (vs. PkR50bn mål) i month8217s PIB auksjonen som bankene søkte høyere renter Lokale banker og enkeltpersoner forblev store kjøpere, absorberende mose av utenlandsk selger i løpet av uken Samtaler om OGRA åpner opptil 200 000 gassforbindelser for nye kunder OMC-romet opplevde HASCOL marsje videre med fornyet tillit som den ledende internasjonale varegruppen Vitol annonserte at den har til hensikt å øke sin beholdning i selskapet til 25 fra den eksisterende 15 Cut in SLR av 5 for islamske banker av SBP Kutt i urea pris på Rs50bag av Fauji Fertilizer Company (FFC) Staten Pakistans Bank (SBP) har prognostisert BNP-vekst for Pakistan på 5-6 for FY17 på grunn av forventet gjenoppblomstring i landbruks - og industrisektoren, med tjenestesektoren forventet å opprettholde forrige år8217s fart. Cenetral Bank8217s prognose er i stor grad avtalt med Government8217s eget mål på 5,7 Utenlandske direkte investeringer (FDI) falt med 68 YoY i løpet av 16-16 til US66.8mn sammenlignet med US207,1mn i okt-15. I 4MFY17 var den totale FDI som kom inn i landet, steget til US316.1mn (ned 48 YoY). Kommersielle banker (-1,9) trakk seg tilbake i løpet av uken på grunn av fortjeneste etter en nylig økning hvor bankvektene sviktet som HBL (-4.1) og UBL (-4,6) bidro med henholdsvis 130,55 pst og 95,81 pt. Til indeksnedgangen Mens HUBC og PSO også veide på indeksen på grunn av deres fjerning fra MSCI Pakistan midlertidige indeksen Gawdar port for å starte driften i desember Vekk fra mine8217s munn: Lucky power anlegg for å være den første som kjører på Thar-kull. Kullkraftprosjektet skal være klart før planen. Fremtidsmelding i løpet av uken inkluderer HCAR som rapporterte noe lavere enn forventet nettoinntekt, og registrerte substantiv forbedring på en YY-basis drevet av høyere inntekter Omantel sier videre med salg av kontrollerende eierandel i WorldCall Følgende er få BUY-anbefalinger: Allied Bank Limited (ABL) 8211 KJØP Nåværende pris: PKR 105 Målpris: PKR 120 Attock Cem ent (ACPL) 8211 KJØp Nåværende pris: PKR 267,6 Målpris: PKR 329 Bank Al-Falah (BAFL) 8211 KJØP Nåværende pris: PKR 33 Målpris: PKR 38 Bank Al-Habib (BAHL) 8211 KJØP Nåværende pris: PKR 51 Target Pris: PKR 60 DG Khan Cement (DGKC) 8211 KJØP Nåværende pris: PKR 187 Målpris: PKR 216 ENGRO Fertilizer Limited (EFERT) 8211 KJØP Nåværende pris: PKR 62.8 Målpris: PKR 83 Engro Corporation (ENGRO) 8211 KJØP Gjeldende pris: PKR 289 Målpris: PKR 361 Fatima Fertilizer (FATIMA) 8211 KJØP Nåværende pris: PKR 33.6 Målpris: PKR 39 Fauji Cement Company Limited (FCCL) 8211 KJØP Nåværende pris: PKR 38,6 Målpris: PKR 47 Fauji Fert Bin Qasim (FFBL) 8200 KJØP Nåværende pris: PKR 53 Målpris: PKR 60 HUB Power CO (HUBCO) 8211 KJØP Nåværende pris: PKR 103 Målpris: PKR 121 Indus Motors (INDU) 8211 KJØP Nåværende pris: PKR 1516 Målpris: PKR 1735 K-Electric (KEL) 8211 KJØP Nåværende pris: PKR 9.1 Målpris: PKR 13 Kohat Cement (KOHC) 8211 KJØP Gjeldende pris: PKR 270.1 Målpris: PKR 353 Lucky Cement (LUCK) 8211 KJØP Nåværende pris: PKR 730 Målpris: PKR 755 MCB Bank Limited (MCB) 8211 KJØP Nåværende pris: PKR 227 Målpris: PKR 243 Maple Leaf Cement Factory (MLCF) 8211 KJØP Gjeldende pris: PKR 108 Målpris: PKR 122 Nasjonalbanken i Pakistan (NBP) 8211 KJØP Nåværende pris: PKR 73 Målpris: PKR 80 Oljeforsterker Gas Development Co. (OGDC) 8211 KJØP Nåværende pris: PKR 140 Målpris: PKR 164 Pak Electron (PAEL) 8200 KJØP Nåværende pris: PKR 71.4 Målpris: PKR 83 Pioneer Cement Limited (PIOC) 8211 KJØP Nåværende pris: PKR 119 Målpris: PKR 137 Pakgen Power (PKGP) 8211 KJØP Nåværende pris: PKR 25,4 Målpris: PKR 40 Pakistan Oil Fields Begrenset (POL) 8211 KJØP Nåværende pris: PKR 418 Målpris: PKR 441 Pakistan Petroleum (PPL) 8211 KJØP Nåværende pris: PKR 154 Målpris: PKR 177 Pak Suzuki Motors (PSMC) 8211 KJØP Nåværende pris: PKR 521.7 Målpris: PKR 661 Pakistan State Oil (PSO) 8211 KJØP Nåværende pris: PKR 388 Målpris: PKR 490 Pakistan Telekommunikasjon s (PTC) 8211 KJØP Nåværende pris: PKR 18 Målpris: PKR 21.9 Tariq Glass (TGL) 8211 KJØP Nåværende pris: PKR 101 Målpris: PKR 120 United Bank Limited (UBL) 8211 KJØP Nåværende pris: PKR 211 Målpris: PKR 235 Mange takk for at du har lest denne artikkelen. MERK: Informasjonen som er lagt inn i dette bloggforumet (karachistockexchange. org), er basert på aktuelle saker, som er større enn investorens synspunkt. Det kan være uoverensstemmelse i grunnverdenen. Skrevet av: Rana Khurram KØBE anbefalinger er ABL, ACPL, BAFL, BAHL, DGKC, EFERT, ENGRO, FATIMA, FCCL, FFBL, HUBCO, KAPCO, KEL, KOHC, LUCK, MCB, MLCF, NBP, OGDC, PAEL, PIOC, PKGP, POL, PPL, PSMC, PSO, PTC, TGL og UBL. De beste vinnerne i forrige uke var: Ibrahim Fibers, Maple Leaf Cement, J. D.W. Sugar, Faysal Bank, Kohat Cement, Sui South Gas, Fauji Cement Company Ltd. Fauji Fert Bin, International Steels Ltd og Allied Rental Mod. De største loserne i forrige uke var: Muree Brewery Co Ltd, Shell Pakistan, Philip Morris (Lakson Tobacco), Orix Leasing, K-Electric (KESC), Thal Limited, Hub Power, Jah. Sidd. Co. Oil og Gas Deve og National Foods. Toppvolumledere i forrige uke: BOP, TRG, SSGC, PIBTL, KEL, FCCL, SNGP, PTC, FABL, JSCL og BAFL. Markedsindeksen for Pakistan Stock Exchange fortsetter å stige i løpet av den nåværende uken, og stiger med 2,78 WoW for å lukke hele tiden på 42,849 pt. KSE-100-indeksen har nådd 42.849 ved å øke 1007 poeng eller 2,41. Mens KSE-30-indeksen har nådd 23.200 ved å øke 449 poeng eller 1,97. Ifølge eksperter fra karachistockexchange. org. Følgende nyheter har spilt en viktig rolle i Karachi Stock Market-indeksbevegelse: Den begivenhetsrike uken var vitne til at rettssakene 8217 på den politisk ladede Panama-skandalen beveger seg fremover. I en av de største opprør i historien om amerikanske valg, slo republikanske nomineren Donald Trump Demokraten Hillary Clinton med en bred margin Nasjonalpriskommisjonen (NTC) startet en antidumpingprobe i importen av stålspoler fra Kina, nesten et år etter at det slått plikter på kinesiske kuldevalsede spoler på samme grunnlag. Sementindustrien hadde en vekst på 11 prosent lokale forsendelser i juli-oktober 2016 etterfulgt av et 2 pk hopp i eksporten sammenlignet med samme periode i fjor To forsendelser på 58 000 tonn og 30 000 tonn av førsteklasses bensin importert av Pakistan State Oil (PSO) er kommet for noen dager siden, Kilder sa Pakistan8217s handelsunderskudd økte nesten 22 prosent fra år til år til 9,3019 milliarder kroner i de første fire månedene av dette regnskapsåret, hovedsakelig Årsaken til fallende eksport kombinert med en siffret økning i importen Federal Federal Revenue (FBR) slo på straffer på rundt 300 personer med høy nettoverdighet, tilhørende ulike selskaper, fordi de ikke hadde registrert selvangivelser og formueserklæringer. betydningen av CPEC for å møte vekstmålene fra Verdensbanken Markedsvolumene var konsentrert i banknavn, særlig i BOP som utgjorde som toppleder i uke8217 drevet av tykk detaljhandel. Kjøp momentum var tydelig tydelig i HBL, UBL og MCB som market participant8217s pris i sannsynligheten for en renteavkastning på kort sikt pakistanske banker, med et stykke i trillioner rupees av årlige elektroniske transaksjoner, planlagt å lansere PayPak 8211 den første nasjonale betalingsbehandlingssystem 8211 innen juni 2017 for å konkurrere med Global Giants Visa og MasterCard. De fleste store og mellomstore banker er allerede på et avansert stadium for å introdusere kort, da de har inngått avtaler med leverandører for å benytte seg av deres tjenester for utforming og markedsføring av betalingskortene. En tjenestemann av 1-link 8212 kraften bak PayPak 8211 støttet også denne utviklingen. Den utenlandske utstrømningen slo seg ned til USD5.09mn MTD med salg sett i sement og store indeksnavn. De største artisterne i løpet av uken omfattet hovedsakelig sementbestander ledet av MLCF som samlet seg 14.23 etterfulgt av FABL som fikk 13.01, mens KOHC steg opp 9,92. Tabellen for loser ble befolket av SHEL som slettet 3,12 av verdien, mens KEL nedsatt med 2,03 Karachi Electric (KE) er å tilbakebetale Re 0,84 per enhet til forbrukere overbelastet i september 2016 etter godkjenning fra National Electric Power Regulatory Authority (Nepra) under midlertidig månedlig drivstoffjusteringsformel Regjeringen har besluttet å gi opp mer enn 1000 megawatt importerte kullkraftprosjekter for å kunne stole på importerte drivstoff og redusere valutatap Etter følgende få Kjøp anbefalinger: Allied Bank Limited (ABL) 8211 KJØP Nåværende pris: PKR 106 Målpris: PKR 120 Attock Cement (ACPL) 8211 KJØP Aktuell Pr is: PKR 261.3 Målpris: PKR 329 Bank Al-Falah (BAFL) 8211 KJØP Nåværende pris: PKR 33 Målpris: PKR 38 Bank Al-Habib (BAHL) 8211 KJØP Nåværende pris: PKR 49 Målpris: PKR 60 DG Khan Cement (DGKC) 8211 KJØP Nåværende pris: PKR 190 Målpris: PKR 216 ENGRO Fertilizer Limited (EFERT) 8211 KJØP Nåværende pris: PKR 64 Målpris: PKR 83 Engro Corporation (ENGRO) 8211 KJØP Nåværende pris: PKR 293 Målpris: PKR 361 Fatima Fertilizer (FATIMA) 8211 KJØP Nåværende pris: PKR 34 Målpris: PKR 39 Fauji Cement Company Limited (FCCL) 8211 KJØP Nåværende pris: PKR 40 Målpris: PKR 47 Fauji Fert Bin Qasim (FFBL) 8211 KJØP Gjeldende pris: PKR 53 Målpris: PKR 60 HUB Power CO (HUBCO) 8211 KJØP Nåværende pris: PKR 107 Målpris: PKR 121 Kot Adu Power Company (KAPCO) 8211 KJØP Nåværende pris: PKR 77.8 Målpris: PKR 116 K-Electric (KEL) 8211 KJØP Nåværende pris: PKR 9.2 Målpris: PKR 13 Kohat Cement (KOHC) 8211 KJØP Nåværende pris: PKR 270.5 Målpris: PKR 353 Lucky Cement (LUCK) 821 1 KJØP Nåværende pris: PKR 727 Målpris: PKR 755 MCB Bank Limited (MCB) 8211 KJØP Nåværende pris: PKR 227 Målpris: PKR 243 Maple Leaf Cement Factory (MLCF) 8211 KJØP Nåværende pris: PKR 109 Målpris: PKR 122 National Bank of Pakistan (NBP) 8211 KJØP Nåværende pris: PKR 74 Målpris: PKR 80 Oljeforsterker Gas Development Co. (OGDC) 8211 KJØP Nåværende pris: PKR 141 Målpris: PKR 164 Pak Electron (PAEL) 8211 KJØP Gjeldende pris: PKR (PKGP) 8211 KJØP Nåværende pris: PKR 25.5 Målpris: PKR 40 Pakistan Oil Fields Limited (POL) 8211 KJØP Nåværende pris: PKR 417 Målpris: PKR 441 Pakistan Petroleum (PPL) 8211 KJØP Nåværende pris: PKR 156.8 Målpris: PKR 177 Pak Suzuki Motors (PSMC) 8211 KJØP Nåværende pris: PKR 535.8 Målpris: PKR 661 Pakistan Statens Olje ) 8211 KJØP Nåværende pris: PKR 403 Målpris: PKR 490 Pakistan Telekommunikasjon (PTC) 8211 KJØP Nåværende Pris: PKR 18 Målpris: PKR 21.9 Tariq Glass (TGL) 8211 KJØP Nåværende pris: PKR 100.5 Målpris: PKR 120 United Bank Limited (UBL) 8211 KJØP Nåværende pris: PKR 221 Målpris: PKR 235 Mange takk for å lese denne artikkelen. MERK: Informasjonen som er lagt inn i dette bloggforumet (karachistockexchange. org), er basert på aktuelle saker, som er større enn investorens synspunkt. Det kan være uoverensstemmelse i grunnverdenen. Skrevet av: Rana Khurram KØBE anbefalinger er ABL, ACPL, BAHL, DGKC, EFERT, ENGRO, FATIMA, FCCL, FFBL, HUBCO, KAPCO, KEL, KOHC, LUCK, MCB, MLCF, OGDC, PAEL, PIOC, PKGP, POL, PPL, PSMC, PSO, PTC, TGL og UBL. Topplønnene i forrige uke var: HBL, UBL, LUCK, PPL, Archroma Pak Ltd. ISL, MTL, SHEL, JSCL, SSGC. Toppspillere i forrige uke var: MUREB, COLG, ARM, CPPL, GHGL, Kohinoor Energy Ltd. PAKT toppvolumledere i forrige uke: BOP, KEL, SSGC, TRG, PACE. Markedsindeksen for Pakistan Børs hoppet 4,94 WoW-avslutning på en all8208time høy på 41,842pts. KSE-100-indeksen har nådd 41.842 ved å øke 1969 poeng eller 4,94. Mens KSE-30-indeksen har nådd 22,751 ved å øke 933 poeng eller 4,28. Gjennomsnittlige daglige volumer økt til 484mn (42 WoW) som enden av den politiske dødvoksen tiltrak investorer tilbake i markedet. BOP beholdt sin posisjon som volumleder, trading 222mn aksje i løpet av uken etterfulgt av KEL (ifølge eksperter fra karachistockexchange. org. Følgende nyheter har spilt en viktig rolle i Karachi Stock Market indeksbevegelse: Investorer lettet av skyen av politisk støyavbrudd skyldig til høyesterettsdom over Panama lekkasje forespørsel Abraaj-konsernet har kunngjort at et Abraaj-kontrollert selskap, KES Power, har inngått en endelig avtale om å avhende sin 66,4 eierandel i K-Electric til Shanghai Electric Power Company Limited (SEP) for en vurdering av US1.77bn. Dette utgjør en pris på Rs10.14share Petroleumminister Shahid Khaqan Abbasi kunngjorde at GoP har besluttet å ikke øke naturgasstariffen for en hvilken som helst kategori av forbrukere på grunn av en nedgang i kostnaden for å produsere gass fransk automaker Renault har angivelig besluttet å begynne å samle biler i Pakistan innen 2018 under de nylig godkjente insentivene som ble annonsert i Auto Investment De velopmentpolitikk hvor Renault ville gå inn i det pakistanske markedet som et joint venture med GHNL, med planer om å investere amerikanske 100 milliarder kroner i Pakistan. Kutt i salgsskatt på petroleumsprodukter ga mer enn PkR20 milliarder i omsetningstap til FBR i løpet av de siste fire månedene. De fleste av Rallyet ble ledet av utenlandske investorer og lokale fond, hvor store kjøp av US21mn og US28mn ble observert av de to gruppene i løpet av uken. SampP Global Ratings økte sin LT-kredittrating på Pakistan med en hakk til 8216B8217 fra 8216B-8216. Det er Pakistan8217s høyeste vurdering siden mai 2008, da Pakistan ble nedgradert fra 8216B8217 til 8216B8217. Utsiktene på vurderingen har blitt holdt stabile Kommersielle banker forblir i rampelys og økte 393 poeng da den sterkere enn konsensusavlesning (4.24pts) bekreftet utsikten over en renteoppgangssyklus i offen som ville avlaste presset fra NIMs LUCK og PPL bidro med kumulativt 161,7 pt gjenopprette på baksiden av verdijakt MTL bidro med 63pts (22 retur i uken) til referanseindeksen på grunn av forventning om en økning i lokale og eksportmengder. Utlendinger og Mutual Funds var nettkjøpere oppkjøpte aksjer verdt USD 21,05mn og 4,59 mn i utgående uke Første kinesiske forsendelse ruller inn i Sost tørrhavn i GB Første kinesiske forsendelser ruller inn i Sost tørr port i GB (CPEC) Følgende er få BUY anbefalinger: Allied Bank Limited (ABL) 8211 KJØP Nåværende pris: PKR 104.75 Målpris: PKR 120 Attock Cement (ACPL) 8211 KJØp Nåværende pris: PKR 256.02 Målpris: PKR 329 Bank Al-Habib (BAHL) 8211 KJØP Nåværende pris: PKR 48 Målpris: PKR 60 DG Khan Cement (DGKC) 8211 B UKR Aktuell pris: PKR 178.2 Målpris: PKR 216 ENGRO Fertilizer Limited (EFERT) 8211 KJØP Nåværende pris: PKR 63.90 Målpris: PKR 83 Engro Corporation (ENGRO) 8211 KJØP Nåværende pris: PKR 288 Målpris: PKR 361 Fatima fertilizer (FATIMA ) 8211 KJØp Nåværende pris: PKR 34.35 Målpris: PKR 39 Fauji Cement Company Limited (FCCL) 8211 KJØP Nåværende pris: PKR 36.49 Målpris: PKR 47 Fauji Fert Bin Qasim (FFBL) 8211 KJØP Nåværende pris: PKR 48,3 Målpris: PKR 60 HUB Power CO (HUBCO) 8211 KJØP Nåværende pris: PKR 109.17 Målpris: PKR 121 Kot Adu Power Company (KAPCO) 8211 KJØP Nåværende pris: PKR 76.3 Målpris: PKR 116 K-Electric (KEL) 8211 KJØP Gjeldende pris: PKR 9.4 Målpris: PKR 13 Kohat Cement (KOHC) 8211 KJØP Nåværende pris: PKR 246.10 Målpris: PKR 353 Lucky Cement (LUCK) 8211 KJØP Nåværende pris: PKR 710 Målpris: PKR 755 MCB Bank Limited (MCB) 8211 KJØP Gjeldende pris : PKR 221.55 Målpris: PKR 243 Maple Leaf Cement Factory (MLCF) 8211 KJØP Gjeldende pris: PKR 95 .35 Målpris: PKR 122 Oil Amp Gas Development Co. (OGDC) 8211 KJØP Nåværende pris: PKR 142.62 Målpris: PKR 164 Pak Electron (PAEL) 8211 KJØP Nåværende pris: PKR 69 Målpris: PKR 83 Pioneer Cement Limited (PIOC ) 8211 KJØP Nåværende pris: PKR 112.17 Målpris: PKR 126 Pakgen Power (PKGP) 8211 KJØP Nåværende pris: PKR 25.5 Målpris: PKR 40 Pakistan Oil Fields Limited (POL) 8211 KJØP Nåværende pris: PKR 393.73 Målpris: PKR 441 Pakistan Petroleum (PPL) 8211 KJØp Nåværende pris: PKR 153.99 Målpris: PKR 177 Pak Suzuki Motors (PSMC) 8211 KJØP Nåværende pris: PKR 539.2 Målpris: PKR 661 Pakistan Statlig Olje (PSO) 8211 KJØP Nåværende pris: PKR 406.37 Målpris: PKR 490 Pakistan Telekommunikasjon (PTC) 8211 KJØP Nåværende pris: PKR 17.66 Målpris: PKR 21.9 Tariq Glass (TGL) 8211 KJØP Nåværende pris: PKR 90.8 Målpris: PKR 120 United Bank Limited (UBL) 8211 KJØP Nåværende pris: PKR 214 Mål Pris: PKR 235 Mange takk for at du har lest denne artikkelen. MERK: Informasjonen som er lagt inn i dette bloggforumet (karachistockexchange. org), er basert på aktuelle saker, som er større enn investorens synspunkt. Det kan være uoverensstemmelse i grunnverdenen. Skrevet av: Rana KhurramFrequently Asked Questions Om Zafar Securities Private Limited Hvilke tjenester tilbys av ZSL og hvilke fordeler som er avledet fra de tjenestene som tilbys ZSL gir alle meglingstjenester i Stocks PSX (Pakistan Stock Exchange) og Commodities (PMEX). Vi tilbyr også Underwriting for Listings, og kan hjelpe selskaper med å oppnå Notering på PSX. Vi tilbyr også veiledning om handel i aksjer og varer. Du kan bruke noen av våre plattformer for å handle online BOS Trading Terminal (Windows og OS) Mobile App (Android Amp iPhone) og en Web Basert Trading Terminal. Hva er plasseringen av kontoret ditt i Lahore Amp Faisalabad Steder for Zafar Securities er nevnt på Kontakt oss side. Vi planlegger å åpne en i Karachi veldig snart. Hvordan kan jeg få tilgang til dine forskningsrapporter Du kan abonnere på alle våre forskningsrapporter ved å registrere e-posten din på vår blogg Zafar Stocks Nyheter og oppdateringer. Hva er troverdigheten til firmaets amp i hvor mange år har du vært i denne virksomheten Vi har vært i bransjen de siste 20 årene, og vår administrerende direktør har vært i denne virksomheten de siste 25 årene. Han har også vært formann for utvekslingen to ganger og har betjent i styret ved flere anledninger. Hva er kostnadene for online trading terminal For øyeblikket er det ingen online trading terminal kostnader, men når vi oppdaterer vår trading terminal som inkluderer live og oppdatert Financial Information vil det bli en årlig minimum kostnad Rs. 200 for denne premium service. Har du ditt kontor i LSE-bygningen Ja, vi gjør det. 519, Lahore Stock Exchange Building 19, Khayaban-e-Awan-e-Iqbal Lahore, Pakistan. Hva er sluttidspunktet for kontoret Vi holder normalt klokka 17:30, men våre kontorer kan forbli åpne til kl 19:00. Hva er ditt lisensnummer. å validere ektheten din som megler Vi er registrert med PSX-kode 068 og SECP BRL 011. Gir du tips eller anbefalinger for investering Ja, vi har forumdiskusjoner der du kan delta og søke råd. Tar du betalt for dine tjenester (forskningsrapporter, teknisk analyse, lagerkommentar) Vi tar ikke betalt for våre vanlige tjenester, men premiumtjenesten som de grunnleggende dataene er tilgjengelig ved et lite abonnement. Kan du sende meg brosjyren din så jeg kunne få informasjon om firmaet ditt Besøg vår nettside på zafarstocks Den har den nyeste informasjonen fra vårt firma. Hvordan oppnå online trading terminal Hvem å kontakte for tilbaketrekking av fond Du kan bruke handelsterminalen til å be om tilbaketrekking av midler, eller ring din avdelingskasse eller kontoadministrator for å hjelpe deg. Vil du tildele oss en egen forhandler Du vil bli forsynt med en bestemt handelsmann eller kontoadministrator som vil se etter alle dine kontorelaterte behov. Kontoåpning i PSX Hva er den minste investeringen som kreves for å åpne kontoen? Det er ikke noe minimumskrav for investering i PSX. Imidlertid er en minimums kontantbalanse på Rs. 5000 er nødvendig for å bli opprettholdt i kontoen din med ZSL. Hva er kontoåpningsavgifter Følgende kostnader gjelder for alle nye kontoer: UNI Charges Rs.400-. NCSS Charges Rs.400-. CDC Charges Rs. 400-. Årlige kostnader: NCSS Charges Rs. 400-. CDC Charges Rs. 400- Hva er provisjonskostnader Våre provisjoner er basert på slabsystem og er ikke fastsatt som en prosentandel av verdien. Videre gir vi rabatter på store volum tilbud og samme dag trading kontoer. Hva er kontoåpningsprosedyre hvis jeg bor i utlandet Det er tre typer kontoer du kan åpne. TYPE 1) Individuell konto (Resident eller ikke-resident pakistansk) Personer kan også ha felleskontoer. Krav: a) Gyldig bankkonto av kontohaver (e) og nominert (hvis noen) attesterte kopier av alle kontoinnehavere og nominatorer er påkrevet b) Gyldig bankkonto (skjema skal påklages av relevant bankforetaksleder. TYPE 2) Selskapskonto (Inkorporert i Pakistan) Krav a) Artikkel i memorandum og forening b) Styrelsesoppløsninger c) Form A d) Innleveringsbrev e) Liste over autoriserte personer som skal betjene kontoen og deres CNIC. TYPE 3) Utenlandsk National Account (SACRA-konto) Du kan laste ned skjemaene våre til nettsiden eller komme til noen av våre grener for å motta kontoåpningsskjemaene. Alle former er standardisert av SECPCDC. Du må verifisere signaturene dine fra banken din og fysisk legge skjemaene til oss eller levere dem for hånden til noen av våre kontorer. For mer informasjon kan du sjekke våre Invest to PSX (Pakistan Stock Exchange) informasjon. Hvor mange dager tar det å åpne konto Det tar 2-3 virkedager å åpne en konto. Kan jeg sende deg de behørig utfylte skjemaene Ja, men vi vil kreve de originale skjemaene for å åpne kontoen din. Hvorfor mottar jeg ikke utbytte mandat Utbytte mandat hvis sjekket i SAVE blir automatisk sendt til din utpekte bank av selskapet. Hvis du ikke får det, vennligst sjekk med selskapet. Du vil motta folio av utbyttet når selskapet har deponert det på din utpekte bankkonto. Hva er prosedyren for å åpne konto hvis jeg trenger å handle med varer Du må laste ned vårt varebilde og fylle ut detaljene og ta med det til vårt kontor sammen med din attesterte CNIC. Når du er godkjent, vil du bli tildelt en innlogging og et passord av PMEX. Er det meglerhuset Asim Zafar (Sønn av S. M. Zafar) Ja, det er det. Syed Asim Zafar is chairman of Zafar Securities Pvt. Ltd. If nominee8217s CNIC is expired, can an account be opened 8220Yes the account may be opened but it will be suspended and may not be operational. As a security feature if there is no activity buyingselling for more than a year, that the account becomes inactive and no more trading or withdrawal is allowed. You will have to contact us through your email account registered with us in order for it to become active again. The account is blocked due to the following reasons: 1. Incomplete or missing documentations 2. Notice issued by SECPCDCPSX 3. Expired CNIC 4. Suspicious Trading activity Investor account allows you to maintain your custody with CDC directly. I need to update my home address, mobile number, how can i do that Kindly use the 8220account update form8221 available in the download tab of our web page to update any information in your account. How account opening fee is to be deposited All the fees are automatically charged on your account. You are requested to keep a minimum balance of Rs. 5000 so that all fees are duly paid. When are ac opening charges deducted Account opening charges are deducted once at account opening time and then annually for account maintenance. From where can i get my CNIC attested You should have your CNIC attested from a 19 grade officer or above. Further you can bring the original to our office and get a scanned copy for the record. PSX Trading Can I trade in PSX if I reside abroad Yes, you can trade on PSX from anywhere in the world as long as you have opened an account with ZSL. What is the procedure if I wish to sell physical shares Step 1 . The procedure involves opening up an account with ZSL in the same nameperson in whose name the physical shares are endorsed. Steg 2 . Have the transfer deeds verified from the company registrar. Step 3 . Bring the transfer deeds along with the physical shares to ZSL office. Trinn 4. ZSL staff will fill out the share deposit request form. Step 5 . The account holderperson whose signature are endorsed on the transfer deed has to sign the share deposit request form and must retain a copy for his record. Step 6 . ZSL will send the physical shares along with the transfer deeds and share deposit request form to the company registrar. Step 7 . The company registrar will deface the share certificated and grant approval for CDC. Step 8 . Shares will be available in your CDC sub account with SSL as custody for future actionsale. The entire process may take up to 8 weeks. As a security feature if there is no activity buyingselling for more than a year, that the account becomes inactive and no more trading or withdrawal is allowed. You will have to contact us through your email account registered with us in order for it to become active again. The account is blocked due to the following reasons: 1. Incomplete or missing documentations 2. Notice issued by SECPCDCPSX 3. Expired CNIC 4. Suspicious Trading activity What is the extent of margin provided by ZSL What If any advance amount needs to be deposited You should have the entire amount in your account before you buy the shares. You can buy upto 3 times your net equity with ZSL. All trades will be settled on a T1 day cycle. ZSl will not provide any margin trading facility however you can trade in the margin trading system. How can i access online terminal Online trading system of ZSL is called BOS Trading Terminal. You can download it for free form our web portal zafarstocks and install it on your desktop (windows) Log in and password will be provided by ZSL on your email registered with us. What is the minimummaximum no. of shares that can be bought There is no minimum or maximum of shares that can be bought at ZSL. But remember that you need to have to make full payment in order to settle your obligations with PSX. Its advisable to invest only that amount which is freely available and is at your disposal. What is the method of cash withdrawaldeposit in account You can only deposit cash up to Rs. 25,000 in your account. We do not pay cash in any accounts. You will only be provided a payee account check. There is an offer for students on your website that Rs.1000 would be given if trading is carried out subject to conditions, explain this offer. 8220For students only. We want to see future investors of capital market grow. So young students who want to feel the trading environments get Rs. 1000 back from the commissions that they have paid to ZSL. Following are the terms and conditions: Valid for new accounts only with valid student ID, Provided the 25 trades are made within 15 days of account opening A trade is defined as having a minimum volume of 1000 shares at the same rate8221. What are your commission charges in commodities market Commission is based on the contract you are advised to discuss your slab with your account executive. How can i purchase IPO of companies You can participate in the book building process or apply for shares when the company goes for public subscription. How can i subscribe to right sharesbonus sharespreference shares Bonus shares are automatically credited to your CDC sub account subject to fulfilling the tax requirements of FBR. Right shares have to be subscribed to by receiving the letter of rights from our CDc department and payment of the appropriate amount in the designated bank of the company. Your shares will than be available in your cdc sub account within 45 days thereof. How much can you reduce commission rates if these are negotiable We offer special discounts for large volumes. What if i don8217t avail the offer of right sharesbonus sharespreference shares which are in my account The rights offer will lapse and the company may offer the same to anyone else. Can another account be opened in more than one brokerage firms Yes you may open account with other brokers however all your accounts will be tagged by a unique identification number (CNIC). Can trading be done on client8217s behalf Only authorized person can trade in your account. Power of attorney has to be given to that person How to deposit funds in account Either through on line fund transfer in any of our bank accounts or through cross check payee only account of Zafar Securities (Pvt.) Ltd. Explain your commission slab. Could you provide a commission slab which is easily understandable Commission is based on Slab system and vary on Share price. So for example if you were to purchase a share whose price is Rs. 5.50 than this price of share purchased falls in the slab range 0-10 and if your commission rate of this slab is Rs. 0.03 than your cost price will be Rs.5.53 per share. Similarly if you were to sell at Rs. 5.50 than your selling price will be Rs. 5.47. Please consult your slab to get further understanding. Also there are special discounts for day trading and we have different slabs for future and MTS trading. Right before the book closure of a company the PSX announces a spot date. This signifies that the all the trades falling on and after this date will be settled within 24 hours and will not be included in the t2 settlement cycle. Check our trading chart . Whenever there is an action (eg. dividend, right. bonus, AGM, EOGM Directors election. etc) the company announces a book closure date. For example a company announces 10 bonus shares. And book closure dates are 15 March to 18 March. The PSX will put the company on spot from 5th to the 14th and all the people in whose names the shares belong by the 15 March will be entitled to the 10 Bonus. So the x-date will be 15th. If you buy on the 15th you will not be entitled for the said bonus. Check our trading chart . Is commission charged per share Yes the commission is charged per share. In what stocks do you make us invest You should discuss your risk profile with our account executive and then make the investment. Is withdrawal of money made through cash or check We only make payee account checks and no cash is paid. Can you transfer funds directly to my bank account We only make payee account checks and can facilitate our valued clients by depositing money into their bank account. For how long can I hold shares You can hold shares as long as you desire. We have had some clients that have held physical shares since partition 1947. Even though these companies don8217t exist now. Do you provide guarantee for investment No there are no guarantees in the capital market. You will be assigned an account executive who will assist you and provide you with regular updates. Whom to call if there is problem in trading You should call the IT department at 042-36372470-3 or your account executive and update him regarding the problems Is index trade able after formation of PSX Yes Index is trade able but very illiquid Do you offer same day trading facility Yes we offer discounted commissions on same day trading. What is 8220exposure available8221 option in trading terminal This is the amount of investment you are allowed based on your available custody and cash Custody reduced value is the value of your shares after applicable haircuts. General Questions The stock exchange provides a market place where shares can be bought and sold. What is the Role of the Stock Exchange The stock exchange admits companies for trading at their securities. It provides a market for raising capital by companies. It provides a market place for shares of listed public companies to be bought and sold, by bringing companies and investors together at one place. The exchanges role is to monitor the market to ensure that it is working efficiently, fairly and transparently. How Many Stock Exchanges in Pakistan All stock exchanges (KSE, LSE, ISE) are marged into one stock exchange which is PSX (Pakistan Stock Exchange). What is Trading and Settlement The stock exchanges have introduced online trading system to provide a fair, transparent, efficient and cost effective market mechanism to facilitate the investors. The trading system comprises of four distinct segments, which are, 1.T3 Settlement System 2.Provisionally Listed Counter 3.Spot Transactions and 4.Futures Contracts. In the T3 settlement system, purchase and sale of securities is netted and the balance is settled on the third day following the day of trade. What are the Benefits of T3 Settlement System It reduces the time between execution and settlement of trades, which in turn reduces the market risk. It reduces settlement risk, as the settlement cycle is shorter. What is Provisionally Listed Counter The shares of companies, which make a minimum public offering of Rs.100 million, are traded on this segment from the date of publication of offering documents When the company completes the process of dispatchcredit of allotted shares to subscribers, through CDC it is officially listed and placed on the T3 counter. Trading on the provisionally listed counter then comes to an end and all the outstanding transactions are transferred to the T3 counter with effect from the date of official listing. Spot transactions imply delivery upon payment. Normally in spot transactions the trade is settled within 24 hours. A Futures contract involves purchase and sale of a financial or tangible asset at some future date, at a price fixed today. Each share represents a small stake in the equity of a company. You can buy large or small lots to match the amount of money you want to invest online. A companys share price can rise or fall as a result of its own performance or market conditions. Once the shares are brought and transferred in your name your name will be entered in the companys share register, which will entitle you to receive all the benefits of share ownership including the rights to receive dividends, to vote at the companys general meetings to receive the companys reports. If you decide to sell your shares you will need to deliver share certificates to the broker in time for the transaction to be completed. With the introduction of the Central Depository System (CDS), an investor can have shares in paper form or can own shares in an electronic book - entry form at the Central Depository Company (CDC). Companies issue shares to raise money from investors. This money is used for the development and growth of businesses of companies. A Company can issue different types of shares such as ordinary shares, preference shares, shares without voting rights or any other shares as are permissible under the law. These give shareholders a stake in the companys equity as well as a share in its profits, in the form of dividends, and a voting right at general meetings of shareholders. Studies have shown that over a twenty-year span, investment in shares has provided greater returns than most other forms of savings. ZSL Online shares trading can provide you with a regular stream of income through dividends as well as the potential for your investments to grow in value. If the prices of shares go up, you can sell them for more than you paid. This is called capital gain. Dividends are returns paid to shareholders out of the profits of the company. Returns can be in the form of cash or additional shares of the company called bonus shares. Dividends are usually paid once or twice a year depending upon the companys profit distribution policy. This is one of the ways in which shares differ from deposit accounts. The principal amount of money you put in a bank or any fixed income savings scheme always stays the same e. g. if you start with Rs.100,000 you will always have Rs.100,000 (other than any interest earned). changes in value according to the performance of the company. With good management, the value of your investment in shares of a company can grow over time so that your shares are worth more than you paid for them. This is capital growth. Buying shares can offer advantages over saving in deposit accounts: your investment may increase in value besides paying you dividends. You share the rewards when the company does well and the price of the shares goes up. But if the company performs badly, the share price may go down and the value of your investment will be reduced. Other factors, such as the performance of the stock market as a whole and the general economic climate, may also affect the price of your shares. Investment in shares is therefore investment in risk capital. The shareholders can be rewarded for taking this risk and the potential return on your money can be higher than that on other investments. You can reduce your risks with careful planning. What to do if there is a price difference in shares in LSE amp KSE We have unified in to PSX so there will only be the best price available all the time. How to transfer shares from sub-account to CDC investor account You can request our CDC department to transfer your specific shares to your CDC investors account or sign and send us your 8220standing instructions8221 to transfer all your holdings current and future to your CDC investor account. In case of death of account holder the nominee is in charge of the account ZSL is bound to follow the instructions given by the nominee. If there is no nominee of the account than only a valid succession certificate will be considered as valid instructions. Further a nominee is the authority until the succession certificate is produced which states otherwise. 8220CDC access IVR is a round-the-clock Interactive Voice Response system supported by a state-of-the-art call center, toll free number and dedicated customer support staff. For callers in Pakistan, this facility is provided through 0800 23275 (CDCPL). Overseas callers can dial 9221-4326038. The IVR service is available 247 while the dedicated customer relationship representatives are available for assistance during office hours (9:00 am to 6: 30 pm PST Monday to Friday). The key activities provided through CDC access IVR are as follows: Balance of a specific security Balance of last three active securities Balance of all securities Account Activity Report Cash Balance Cash Activity Report Requisition of Transaction Order (T. O) Book Change of contact numbers8221 How can I ensure that my shares are safe with you You will receive a smsemail alert every time there is movement in your account. Also you can visit your web account anytime and from anywhere to view your status. This account should match with your CDC sub account with ZSL. You should periodically match this with the print out of your CDC sub account How can i transfer shares from another brokerage house to your brokerage house Please fill out the CDC transfer request form and give it to the broker concerned. After due diligence the broker should transfer the shares to your account with ZSL. Please note that the account in both broker houses should match exactly. Do you provide guarantee for profits No there are no guarantees of profit in stock markets. I want to trade in Shariah Compliant shares, how can i do this There is a list of Shariah Compliant shares however each bankfund has its own method of judging. You can also review the Shariah-compliant stocks based index at PSX. Can you provide me a demo account for trading We can provide you with view only trading terminal and mobile app, you will only be able to view market information (rates) no trading is allowed. However SECP gives you a Stock Trading Simulator where you can also open demo account in which you can do dummy trading and view your account details and manage a dummy portifolio. Please visit jamapunji. pkstock-simulator and register today. If you double your dummy money please apply for a job with us. How much profit can i make if I invest in stocks Profit are subject to investment risks. Always compare your investments to the benchmark index and factor opportunity costs. is there anything i need to learn before i start trading Learning never ends. Keep learning but start with the basics like effects of demand and supply on stocks who will teach me how to invest or trade as I am new in this field Yes we do. Please feel free to contact us on live chat or any of our contact numbers. Is any prior experience required for trading in stock market No not really, everyone has to start somewhere. Can i depositwithdraw funds infrom LSE branch if I have an account at Johar Town Branch Yes you may receive your payee account check from any of our branches, provided you provide us with the appropriate instructions before hand Do you have any software like an auction platform I can use to host a virtual exchange where my members can trade electronic securities with each other if I list them No we don8217t and you would require an exchange licence for SECP in order for it to be functional. Can i trade in PSX if I do not open account at any brokerage firm What is the tax charged on filersnon-filers Currently dividend income of the filers and non files have a differential of 5 So filers are charges at 12.5 and non filers at 17.5 What is rate of tax on dividend and capital gains When is the account holder exempt from tax Dividend income is always taxed at source. Dividend income taxed at 12.5 Capital Gain tax depends on the holding period. If holding period is less than 1 year(365 days) than CGT 15 of the Net Gain and if holding period is more than 1 year but less than 2 year (730 days) than CGT is 12.5 of the Net Gain and if between 2 to 4 years (1,460 days) than 7.5 of the Net Gain finally there is no tax above 4 years holding period. Losses if any will have to be adjusted within that financial year and are not allowed to be carried forward. What to do if physical shares are to be transferred to my name The physical shares can be transferred into your name by filling out the verified transfer deed specific to the share certificate. After affixing the appropriate revenue stamp the share certificate along with these transfer deeds are sent to the company registrar. Who will endorse the share certificates in your name and return you the shares at the address provided on the transfer deed. The broker has a very important role in the capital markets. He is acting as a buyerseller on your behalf or in his own capacity and is guaranteeing the settlement of the buysell trade. Do you provide counterfeit money via which we could do trading through demo account as that provided by Forex No we don8217t and you would require an exchange licence for SECPState Bank in order for it to be functional. Bonus share are those shares that the company issues and are pari passu to the company shares however these have been paid up by the company from it earnings. Thus the shareholder does not have to subscribe to it by paying out of his own pocket. Basically these shares are free of cost for the shareholder. Normally Blue Chip companies are those stocks that have a history of paying out handsome dividends and have a consistent record of good corporate earnings. Has the timing of stock exchange extended after formation of PSX We have the same timings of PSX What is the base currency used for trading in PSX All rates are in PKR. How to Invest in Kenyan Stocks Feature photo by Mutua Matheka Back in June, we looked at ways to invest on the Johannesburg Stock Exchange through US discount brokers. Some intrepid readers may now be wondering how to buy shares on Africa8217s smaller stock markets. Samuel Gichohi is a Senior Research Analyst at NIC Securities. a division of Kenyas NIC Bank (NICB:KN ). He generously agreed to help us navigate the process of opening a Kenyan brokerage account and to share his views on the best bargains currently on offer at the Nairobi Stock Exchange. The Nairobi Stock Exchange hasn8217t been a great performer the past few years. Why should investors be investing in Kenya now Samuel Gichohi: The Nairobi Stock Exchange (NSE) is currently a buyers market which presents foreign investors with massive bargain opportunities. This situation is a result of various factors that have converged to push stock prices to levels that are out of whack with the fundamentals on the ground. These factors include a weakening currency (which has finally begun to stabilize), escalating fuel prices, a surge in local liquidity prompted by heavy bank lending to the private sector, and food inflation caused by the regions persistent drought. The situation was further compounded by increased political uncertainty due to the MENA crisis and the trials at the Hague of individuals suspected of instigating violence in Kenya following the 2007 election. As a result, despite healthy turnover levels, stock prices have suffered over the last six months. Only 13 out of 48 active stocks trade above their year-end levels. But financial results for the 2010 fiscal year indicate that listed firms 8212 especially the financial sector companies enjoyed explosive bottom line growth. This trend continued in the first and second quarter of this year, which indicates that economic growth is still on course. Considering that a majority of stocks currently trade at PE ratios below their respective sector PE ratios, and that 15 of the 29 largest-cap companies offer dividend yields above 3, there is an obvious mismatch between stock prices and company fundamentals. This is bound to correct going forward. In my view, the NSE is an ideal frontier market. It offers foreign investors exposure to the Kenyan economy, and 8212 because many listed firms have expanded beyond Kenyas borders 8212 it also serves as an entry point to the regional economy. In the short term, foreign investors can capitalize by investing in the weak shilling and seek exit points as it strengthens against the US dollar. Lets suppose I am a US-based investor and want to buy shares of a Kenyan stock. How would I do so Can you walk me through the account-opening process SG: The investor would need to open an account with a local stockbroker who will in turn open a Central Depository and Settlement Corporation (CDSC) account for them. The CDSC account is where all tradable shares are held electronically. Account opening forms are typically available on stockbrokers websites. The potential investor would first fill the forms and attach scanned copies of a recent passport-size photo, a certified copy of their drivers license or passport, and a certified copy of a tax return or utility bill. After the broker receives the documentation the investors account will be activated and details will be communicated to them within one business day. At NIC, we suggest that the documents be scanned and emailed to us. The originals can follow later. How would I, as a US-based investor, place a buy or sell order through NIC Securities Do I just send you an email SG: If the investor would like to place buy and sell orders by email, they can complete the email indemnity form and submit a one-off processing fee of KES200 (USD 2.30). Otherwise, the investor can communicate their order to us and arrangements can be made to accommodate them as long as adequate security measures to facilitate proper identification are in place. What expenses are incurred when trading Kenyan stocks Can you give me a breakdown of the commission and fees SG: The Capital Markets Authority (CMA) regulated commissions for trades below KES100,000 (USD1,111) is 2.1 and 1.85 for trades above that amount. At NIC, lower commissions are negotiable depending on deal sizes. Do most Kenyan brokers have minimum amounts required to open a trading account To place a trade SG: At NIC Securities, opening a CDSC account is free and the minimum trade size is 100 shares of any counter. We, however, pride ourselves on having the capacity to handle very large trade sizes with very low turnaround times. How are dividends delivered to foreign investors Can they be deposited into my trading account SG: Dividends cannot be deposited into a trading account. This is a market regulation. However, dividends can be deposited directly into the clients bank account and arrangements can be made to reinvest the funds from there. Must an investor have a Kenyan bank account to collect dividends Or can they be wired to a US bank account SG: When opening a CDSC account the investor is required to indicate their dividend disposal preference which could also be to have the money wired to their foreign account. The concern for the investor would be that they would have to bear the cost for the electronic funds transfer. Having a local holding account to allow the dividends to accumulate before being wired to the foreign account would be a good idea. Most local banks have dollar denominated accounts and these can also be used to hold the dividends to take advantage of currency fluctuations. What sort of account reporting can an investor expect to receive Do brokers send a monthly statement of my cash and stock holdings SG: Brokers provide periodic and on demand statements which show the securities that an investor holds with that particular broker at any point in time. Total portfolio holdings (which can be held through more than one broker) will be sent via email to the investor by the CDSC every six months for dormant accounts, and at the end of any month in which there is any trading activity on the account. A couple Kenyan stockbrokers failed recently, are there now safeguards in place to protect investors and prevent similar events from happening again SG: A number of market reforms have taken place recently in an effort to protect investors funds. They have resulted in the introduction of an automated trading system, more stringent capitalization and disclosure requirements, the adoption of a standard stockbrokerage platform, and the eventual demutualization of the NSE. The minimum capitalization requirement has resulted in most of the smaller brokerage firms being acquired by banks. Investment banks which have not reached the KES250 Million capital threshold have been relegated to stock brokerage status, which requires a minimum capitalization of KES50 million. The government plans to increase the investor compensation fund and investors are being educated on how to identify and report fraudulent behavior. What is your favorite Kenyan stock right now SG: I have three favorites. First is Scangroup (SCAN:KN ). It is East Africas largest advertising holding company with an 80 market share. It faces no local competition, which enhances its ability to attract and retain the regions best talent. Being a listed company means it can also retain its top employees through stock options. In a human-capital intensive field such as advertising, this is extremely important. The companys 2010 results were affected by costs related to its acquisition of Ogilvy East Africa, a former competitor. We expect the merger to result in cost advantages going forward. Were also bullish on the company because competition in East Africas banking and telecoms industries is heating up. This will ensure higher ad-spends and thus more revenues for Scangroup. We expect annual profit growth north of 20 this year. It currently sells at a PE of 20, but we consider it undervalued because of growth opportunities. My second pick is Equity Bank (EQBNK:KN ). It is the fastest-growing bank in Kenya and boasts a market share of deposits that has grown from 1.7 in 2005 to 6.2 in 2009. The deposit growth has been driven by branch expansion 8212 particularly in Kenyas rural areas and by mobile phone banking. Equity Bank caters primarily to the SME and lower income segment with most loans being below KES100,000. This banking the unbanked model has yielded impressive results, evidenced by deposit growth of 44 during the first half of this year. Equity has also done an admirable job at containing costs and maintaining the quality of its loan book. Both of these factors should lead to improved margins. Finally, for the income investor, I like KenolKobil (KNOC:KN ), a downstream oil marketer with a skillful and motivated management team. The company is focused on growing its storage capacity and distributional efficiencies, which is imperative for survival in the Sub-Saharan African fuel-marketing industry. As competition increases and margins decline, the company will be able to take advantage of its scale economies. I also like that it is well diversified both geographically and in terms of its product range. The company has a heavy presence with over 400 service stations in East and Central Africa as well as Southern Africa. All this is backed by the additional effect of increasing property prices that could lead to significant profits when the company disposes of some of its non-core assets. The company is currently selling at a historical PE of 10 and a half-year dividend yield of 5. At the current price, the full year dividend yield will be approximately 10 with profit growth, and a dividend pay-out ratio of 40-45, the company is a cash cow. Do you have questions on how to invest on the Nairobi Stock Exchange If you do, share them in the comments. Want to Learn More Subscribe to our mailing list (it8217s free), and you8217ll join over 4600 other investors who get each new article delivered straight to their inbox. Samuel Gichohi says Hi Jalas Thanks for your query. As a minor you can invest on the NSE just like any other investor. Your parents or guardians will however be required to initiate any activity on the account until you reach the age of 19 years. the account will be opened as a joint account between the minor and the parentguardian. the minor will be required to provide a birth certificate and passport photo while the parentguardian will be required to meet all the KYC requirements by providing Certified copies of PassportID, Pin Certificate, Utility bill and Photo. they will also be required to sign the GTC and email indemnity forms to facilitate account opening and transactions. What is your take on Olympia Capital Holdings (OCH). It looks pretty cheap at Ksh. 3. I was thinking that since the housing market is at its peak, they might be selling lots of tiles. Khalid aluweny says I see a lot questions from people wanting to start investing and wondering how to go about it I think first you need to decide what sort of investor you want to be i. e. a)Defensivepassive or b) enterprisingactive. In simple terms you need to decide whether or not you have capacity and can put considerable effort (e. g. at least 6 hours a week) and intelligence to the task. This decision would be reflected in how you divide up your portfolio between shares and say, cash or bonds etc8230 Defensive investors use conservative methods, go for important, big, financially robust and entrenched companies8230 Enterprising investors are virtually free to search for value wherever they can find it and use more aggressive methods. Naturally the enterprising investor requires a higher return for his intelligent effort. Read Intelligent Investor for more on this perspective on investing. Then you simply need to understand the businesses you invest in and treat your operations for profit as a traditional businessman would 8211 be sure of a profit before you go in absent promises or prospects and this goes to the price you pay. Research as much you can about the business, management, competitors, customers, etc looking for items that may impair future business, competitive advantages, etc. I would personally discourage non-professionals from selecting individual companies and instead focus on group buys e. g. look for say 15-30 companies selling for less than their working capital net of total liabilities with conservative capital structures and of stable character. Alternatively, just go for high dividend yield and high asset backing for the shares. Excellent comment, Ray. If you8217re going to invest heavily in individual stocks, take the time to get to know that company8217s operations intimately. If you are unable to commit the time and energy to this, it is best to diversify across a large number of stocks (preferably through an index fund) and hold them for the long-term. I just opened my CDSC account last month with equity bank online and must say your article and the comments thread along it has been of greatest help and encouragement . I started with a little capital and I can see myself putting more funds in the near future into the whole business. Currently am trading 8220penny stock8221 and am doing good. Tomorrow 29th Monday June 2015 am offloading Mumias sugar shares hoping it will be not less than Ksh.2.5share, I bought the shares at 1.65 share earlier in the month. for 12800 shares, I would have made some good cash there. Thanks for your article. Ryan Hoover says Glad to hear it, Smada Congrats on the Mumias gain. Be careful with penny stocks, however, as they can also move quickly in the wrong direction. How was the account opening process at Equity Bank Online Would you recommend them to other investors Berbetto Nyamwamu says From your short post, it is difficult to establish the exact issue on which you would like to receive advice. Generally though, trading on the stock market involves high risk and potentially high returns. A trader with the right information and analysis is likely to perform better than another who gambles his way about the market. One8217s portfolio size, willingness and ability to take risks, liquidity, time horizon and other circumstances will also play a role in determining one8217s optimal mix of shares. Write to Ashanti Research (you can find our contacts online via a Google search) and we would be happy to give advice, or even better, set up a stock portfolio up for you. yuri james kihato says Mr livigu share trading is adouble edged sword or fire it can hurt or help you the trick is always to gather inteligence before investing also learn to exit and enter at the right moment. statistics like daily turnover, total demand and supply should be in your mind finally no one get experience free of charge take risk but calculated one. Hi Ryan, I8217m Kenyan and looking to get some advice on how to read the market when it comes to short term investments. How do you make a good decision or rather what are the factors to look at or for when investing in the stock exchange I find short-term investing extremely difficult because of the stock market8217s volatility. It8217s nearly impossible to predict with any degree of consistency whether a given stock will be up or down over a period of a week or two. That8217s why I tend to look for good companies trading at a fair price and hold on to them for a year or more. This gives the management of the business enough time to execute on their strategy and for the market to recognize their success (or failure). How do you spot a company trading at a fair price One rule of thumb is to look at a companies annualized earnings growth rate over the past five years. If this rate is higher than the stock8217s PE ratio, you may have identified a bargain. But don8217t stop there. Research the company further. What8217s the reason it might be trading so cheaply If you can8217t find a reason and you feel like you understand how the business operates, buy the stock and give it some time to run. Happy investing Ryan Hello, Ryan. I can see you give good stock exchange tips. Do you happen to know which companies will show good sales this fall Or should I ask my broker I would like to know from real clients who are spending their money and who have had success. Is investing for a 5-year period something that someone can rely on or is it a matter of gambling with the period I8217d like to know more about how these things work. I have invested in some shares right now, and I am just not sure what if I should be looking to buy something else. Regards, Adhis Just curious if you knew whether dividends can be automatically reinvested in those respective stock holdings rather than having to get paid out into a checking account or wired to a foreign bank account Matt Avery says That8217s great to hear, Jack. First, you will want to make sure that you invest only money that you do not need for the next five years or so. Before investing in the market, save up an emergency fund that can cover six months of living expenses in case you lose your job or have an unforeseen expense like a medical bill. Then pay off any high-interest debts you may owe. When you have done all this, then you can consider investing in the market. Find a reputable broker, like the ones listed in this article, and open an account. After that, invest only in companies that you know and understand. Buy them at good prices and hold on to them until the prices look expensive. Hope this helps get you started All the best to you, Ryan Would you be kind enough to listrecommend some of the more reputable brokers in the NSE, preferably those who support online access and those with timely responses to customer inquiries. I think if the NSE actively encouraged the stockbrokers to engage the diaspora community the weekly trading volumes could be improved tremendously not to mention the capital that would be available to the listed companies. A lot more definitely needs to be done and discussions like these definitely need to be had. Direct market access by Kenyan citizens in the U. S through a US stockbroker like. etrade, tdameritrade or optionsexpress would definitely help inject the volume, capital and buoyancy that would catapult the NSE to greater heights that would lead to more institutional investors. Perhaps the NSE should engage some of the US brokers. A huge chunk of the kshs. 45billion(YTD 2013) funnelled by the diaspora could now become part of the NSE trading activity. I am a university student in Kenya and interested in trading on the stock market. What is the minimum amount I need to start, specifically with NIC. Thanks in advance, Benson Samuel can correct me if this has changed, but NIC does not require a minimum amount to open an account. Each trade, however, must be for a minimum of 100 shares. So, depending on the company you are interested in, you will likely need to invest at least Ksh300 and perhaps as much as Ksh50,000 if you wish to purchase a share like Limuru Tea, which is currently priced at Ksh490.00 per share. Happy investing Ryan I can only say thank you to Ryan, Simon and all those who asked questions. Almost all my questions if not all have been answered. I am more knowledgeable now, though I know I still have a lot to learn. I am also a studentbeginner looking to invest in the NSE and I must say this article has been of great help. Thanks, Mike. I8217m glad to hear it. Keep us posted on your investing adventures Francis Kabui says Hello, Is it possible for me in Kenya to have an account with a stockbroker in the United States Would you have a list of the stockbrokers to contact in the US, and what is the minimum amount required for investing I think your best bet is Interactive Brokers. I8217m not certain they accept Kenyan clients, but they do accept some other foreign citizens. The minimum to open an account is 10,000, unless you are younger than age 26, in which case the minimum is 3,000. All the best, Ryan Francis Kabui says Thanks for the info. Specifically, I8217m looking to make investments in the US based on recommendations in an online publication from the US (Daily Wealth) that I8217ve been following for a while now, which is why I8217m looking for a stockbroker in the US. Scottrade is your best online broker that accepts international accounts. Minimum to open an account is 500. Fees per trade are 7 per trade for stocks trading above 1. Otherwise penny stock fees are 7 plus 5 of the overall purchase for stocks trading for less than 1. FYI8230you can use the 500 to purchase stocks. If you are a beginner, do not open a margin account. A margin account allows one to short stocks and the minimum to open a margin account is 25,000. Since you want to make money when stocks go up, you need to open the regular account for 500. Scottrade has inter-banking wire transfers, so once you sell your shares, they can wire the money directly to your account. You can also buy more shares using wire transfers. If you are looking for cheap stocks with potential, look at stocks in the mobile and gaming industries, even though they are mostly cyclical. i. e, their share prices spike only after the 4th quater results are out. exaples include GLUU, MCZ, etc. for long term stocks with potential, look at NOK and TRQ. You may need to learn ratios like EPS amp PE to help you determine whether a stock is overvalued or undervalued. You only make money with undervalued stock because of potential to go up. Great info, Edward. Do you know whether Scottrade will open a trading account for a Kenyan citizen who does not reside in the US I get a lot of questions from foreign investors wanting to invest on the NYSE and Nasdaq. Scottrade has always had trading accounts for foreign nationals who are not U. S. residents. However, there are numerous paperwork that must be filled out for tax purposes and for prevention of money laundering. All these paperwork is available online at scottrade. I will do a detailed research on the entire process and paperwork required, and will post the info here. Hi Ryan, that was very educative. Exactly what i was looking for and am happy i bumped into it. The thing is, am an outgoing student and would like to invest long term. Which companies can you recommend And say i was to open an CDSC account with NIC, would i still have to worry about the companies they invest my money in or would it be completely up to them Please reply8230 Francis Kabui says Hello, So far I have not been successful in my search for a US stockbroker. While Scottrade do not cater for my geographical area (yet), Interactive Brokers require their clients to have a level of investor expertise I8217m yet to attain (I8217m just starting out in the world of investors). Any other suggestions you might have for US stockbrokers I could contact are very welcome. captain kuto says I have just started trading NSE stocks online through DBIB. However, there seems some hidden charges I cant comprehend, like today, I placed an order of 100 of Longhorn publishers at 15.95. The order value thus, was 1,595, a brokerage fee of 28.39 and Tr. Charges of 6.10. This would bring the total charges to KES 1,629.49. Yet the total I was charged for that order was KES 2,129.495 which is 500.005 excess of the expected charges. What could be the reason My experience: Very interesting experience. Last month I made a call to them asking how I could start trading using their platform. They told me to open an account and pay a monthly Kshs. 100 account maintenance fee up and above the brokerage and transaction fees Could they have charged you Kshs. 500 for the period to December I strongly advise you visit or give them a call. Happy trading Thank you for a great website, Ryan I8217m a European wanting to invest in the NSE. Which broker should I choose I would appreciate a working online platform and high quality market information. Does anyone have any recommendations Dyer and Blair also has an online trading platform: dyerandblair I haven8217t seen research from either of these brokers recently, but I am impressed with the research that I receive from Kestrel Capital and Old Mutual Kenya. Neither of them offer online trading, however, as far as I8217m aware. Thank you for the reply, Ryan I8217m in the process of opening an account SBG. However, it turns out I need a Kenyan bank account for dividend disposal if I don8217t want them sending checks via post. This has turned out to be problematic because, for example, CFC Stanbic requires me to be in Kenya in person in order to open an account. Any recommendations for a banking service provider I had written them to inquire on how to go about it. actually today and the only hinderance is that im not in Kenya. Any recommendations highly apprecited8230.. I am a Kenyan stock day trader based in the US. My question is this. Where are we in implementing the online stock trading in Kenya where traders can actually enter there own buy and sell orders at the click of a button without having to contact their broker. If this is implemented, this will bring in a lot of liquidity in the market and thus offer more opportunities due to the price movements. I missed the above comment. I think it answers my question. But if you would like to add a comment, please feel free. I would like to know the process of starting online trading in kenya. Hello Ryan, Thank you for informative analysis. I have gained enough skills through your post and am planning to visit my stock broker. Am thinking of buying KPLC shares they are currently do expansions and moving into more reliable and cheap mode of electricity generation also keeping in mind the PE ratio on 10 unloved Kenyan Stocks. Keep up the Good work. God bless Regards, Enock hi Ryan8230 I am a student planning to get high motivation on Kenya investments. it will be my wish to buy the kplc shares. I will really appreciate if you advice me. Takk skal du ha. Ryan Hoover says It8217s great that you8217ve already developed an interest in investing. Before you do, I would advise that you save an emergency fund equal to approximately six months of your living expenses. Deposit this emergency fund in a savings account that pays interest at a higher rate than inflation. After this, I suggest that you pay off any high-interest debt that you have. This is a guaranteed way to get a return on your money, and it will allow you to save more quickly in the future. If you8217ve completed both of these, then it8217s time to begin thinking about opening a share trading account with a stock broker. You can follow the steps in the article above. KPLC is a nice stock to start with. It pays a healthy dividend and should benefit from all of the new power plants that are adding electricity to the grid. Hope this helps and keep us posted on your progress Ryan Hi Ryan i am in the process of opening a brokerage account in Kenya but am unable to open a bank account (for dividends) as I am a foreigner. Do you have any suggestions please Hallo Sir Thank you for the info on investing in stocks. As a youth I believe I can now start investing in stocks by following your advice always. The gov8217t has floated the idea of introducing capital gains tax, so please explain to me how this might affect me as an investor. Please also assist with the twitter and facebook accounts. Thank you and once again good job. Zedekiah Odhiambo Great question, Zeddy. As I understand it, the Kenyan government has approved a capital gains tax of 5. What does this mean to you as an investor Well, suppose you bought a stock at a price of 100 shillings per share. Over the next year, the price of the share increases to 120 shillings per share. If you decide to sell the shares at that time, your capital gain would be 20 shillings per share (Ksh120 8211 Ksh100 Ksh20). This capital gain will be taxed at a rate of 5 (Ksh20 x 5 Ksh1). So, after capital gains tax, the return on your investment is Ksh19 per share (Ksh20 8211 Ksh1 Ksh19). Hope this helps and happy investing Following Zeddy8217s question, what are the other tax implications for foreigners investing in the NSE. For instance, I know dividends and interest bearing accounts are taxed at 10 for local investors. Do foreigners investing in NSE attract different tax rates. Also, do they need to lodge an annual tax return with KRA I may be wrong, but my understanding is that the withholding tax on dividends and interest income is 5 for Kenyan residents andor citizens of the East African Community. Everyone else is taxed at 10. Because it is a withholding tax, non-Kenyans do not need to file a tax return with the KRA. I8217m not sure how common this is outside the USA, but American citizens can avoid double taxation of their Kenyan investment income through use of the Foreign Tax Credit. The amount paid in Kenyan withholding tax can be used to reduce taxes owed to the IRS. Hope this helps and thanks for the great questions Thanks alot that was very helpful. Now let me start scouting for a broker and start investing. Bye I8217M a student involved in a competition running for four months with a capital of 5 million. Please advice on which shares to purchase in such a short period for me to earn the highest portfolio. Is it advisable to place bondsShould I buy shares from the day8217s gainers or losersShould I buy the cheapest shares or those with high pricesWhat maximum share should I buy in each company selling sharesWhat are the figures in the NSE data should I check to decide on which company to invest in Ngetich Peter says Hi, am a Kenyan citizen and would like to start investing in NSE what is the minimum amount that I have to start with for my investment, that is in Kenyan shillings reply plz thenx Ryan Hoover says Great to hear that you8217re considering investing in Kenyan stocks. As far as I know, most Kenyan brokers do not require a minimum amount to begin investing, but many will require that you purchase at least 100 shares of stock per transaction. Therefore if the stock is trading at Ksh15.00 per share, you will need Ksh1500 plus commissions and fees to execute the transaction. Commissions and fees are 2.1 of the total trade amount. So, in our example, KShs1500 x 2.1 Kshs 31.50. What a conversation Ryan This is incredible. You have opened my eyes. I now look at the world with economic lenses. I have learned so much from this conversation. I hope you are still keyed in because I will be back for more. Ryan Hoover says Thanks, Nelson We8217ve got a fantastic group of readers. I8217m glad you8217re one of them, and hope that you8217ll stay tuned for new articles coming soon. Thanks for sharing your knowledge and expertise on Africa Stock Markets. I am new to this and I was just wondering what the difference would be opening an account with KCB versus say SBG or Dyer and Blair. Is there any advantage that one would enjoy Hi Ryan, I am 17 and from Saudi Arabia. I live with my parents and I have 5300USD in Savings and I wish to invest those in the Nairobi Securities Exchange ESPECIALLY IN Media and Advertisement stocks. So I wish that you guide me on where and how to do so. I wish that the method be online so it be easier for me to access the trades. Thanks Please which stock broking orm can i use to buy kenyan stocks online. Masimba Ndiraire says Hie. I hope I find well. what are the exact documents required for one to open CDSS account in Nairobi Kenya. I am a Zimbabwean staying in Zimbabwe I had opened an CDS account with suntra investments through KCB. Now i want to trade actively online through your bank. In mobile app, an app for my tablet and my PC. What do i need to do and if i was to open another cds account what do i need How safe is the online platform and if I am only trading and money remaining in my trading account including dividends is there a risk of my capital decreasing due to govt taxes Hi Ryan, kindly guide me on how to calculate my profit gained from trading shares. Thanks Ryan Hoover says Good question. The formula is: (selling price dividends) 8211 (purchase price commissions) profit You should write and article catering for questions arising from citizens of Kenya. What is the minimum number of shares I have to buy when I am investing in any quoted company at NSE Kenya. Ryan Hoover says You must purchase at least 100 shares when buying and selling stock in Kenya. PS! Good idea about the article for Kenya investors. In the meantime, feel free to post questions here, and I will respond as best I can I am interested to know all about the stock market..please help me to understand it and profit from it..please help
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