Karachi Stock Exchange June 1, 2009

Karachi Stock Exchange KSE 100 index was down today 66.27 points to be closed at 7210. As I mentioned in my last post that market may come down, we saw this affect today. Market will be in same cycle since budget is about to be presented on 13th June 2009. Today some of the leading shares like Arif Habib Security (AHSL), Jahngir Siddique Company(JSCL), Adamjee Insurance, AKD Capital, Attock Refinery Ltd. were down. However Atlas Honda was up since it showed a very good profit and I also mentioned in my last post that this share might go up.

As Adamjee Insurance is considered, I think it will come down since it went up so rapidly. I think it will be down atleast at RS 80. So buyer of this share should be carefull. Also AHSL and JSCL may go up but I think there range is about 33-35. So get your little profit and be asisde. Best of Luck

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