KSE, Karachi Stock Exchange May 28, 2009

Karachi Stock Exchange KSE - 100 index today shows a dramatic increase of 99.29 points to be closed at 7288 points. As I am continuosly insisting in my posts that this week will be up and it is. I suggested investors to take part in Arif Habib Securities (ASHL), Jah.Sidd. Co. (JSCL), Adamjee Insurance etc. and today again these shares were caped. The main cause of market index increase was buying in banking and energy sectors. Almost all the banks like Muslim Commercial Bank (MCB), National Bank of Pakistan (NBP), Royal Bank of Scotland (RBS) were consistent whole day.

There are many companies in KSE - 100 index that are considered blue chips and some are very good but risky shares to invest. Good companies like Attock Refinery, Gillete Pakistan, Unilever Pakistan, Atlas Honda are showing good come back this week. I would like to suggest investors to be patient and also be carefull as market may get down once it reaches at 7500. Best of luck

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