Karachi Stock Market June 19 Week End Report

Last week, Karachi Stock Exchange (KSE - 100 index) starts with tremendous shoot up but remaining days were down. KSE -100 index closed at 7039.73. Leading shares were DG Khan Cement, OGDC, Arif Habib Securities (AHSL), Jahangir Siddique Company (JSCL), Adamjee Insurnace, National Bank of Pakistan (NBP), United Bank Limitid (UBL), Muslim Commercial Bank (MCB), Bank Al-Falah, Azgard Nine Ltd., Lucky Cement and Nishat Mills Limited. AHSL, JSCL, Adamjee Insurance, NBP, DG Khan Cement show increase from previous week end and MCB, UBL were down. Overall market was positive comparing last week and trade volume.

Upcoming week (from 22 June) is also expected to be positive with some sort of vibration. Market has lot of potential and some shares like AHSL, JSCL, DG Khan Cement, Netsole Technologies and some others are expected to be good. Netsole Technonolgies show loss in April but now its share price is getting better and last week was amazing as it raised 16% and closed at 15.67. Adamjee insurance also raised whole week but its share price is at dangerous level so small investors are advised to avoid this. In July, interest rate is also expected to down and this will also impact market, if State Bank annouces by the end of next week, July week startup will very good. Cheeers.....

NOTE: The information posted in this blog (forum) is based on current afairs & invstors point of view. There may be discrepency in the ground realities

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