Karachi Stock Exchange, KSE 100 index May 22, 2009

Karachi Stock Exchange (KSE) 100 index show great recovery on Friday (weekend). Market closed at 7146 with increase of 176 points. Almost all the major sectors Banking, Securities, Funds, Insurances etc show great trading.

Most of the trading was around JSCL and Arif Habib Securities (AHSL). AHSL was cap and I hope that it will be good in next week. Market is looking to be recover and may go coming week even though there is news of tax on Stock Shares which I think may badly effect he performance of stock market. I think government should avoid doing so as this might cause huge disaster for comming months if they do so. Anyhow, I would suggest investors to have interest in small shares and avoid taking part in speculated shares.

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