Karachi Stock Exchange June 2, 2009

KSE 100 index (Karachi Stock Exchange) today was 85 points down to be closed at 7125 points. At one point market was 100 points negative. There was huge selling in banking, cement and energy secot As with my last several posts, I wrote market fluctuation especially down in this week. Some good shares like Gillette Pakistan, Colgate Pakistan, Unilever Pakistan are still consistent. However, some good shares (but now a days are rising due to speculations and players) like Altas Honda, Pak Reinsurance are also good but be very very carefull in these shares as these will come down with same speed as they are goint up.

Whereas, Arif Habib Securities (AHSL), Jahangir Siddique Company (JSCL) are concerned, these might come under RS 25 and this will the good time to buy these shares. AKD Capital will also be good under RS 70 or so but insvstors should be very carefull untill budget 2009 since there are news of taxes in Stock Exchange shares trading and agriculture. Best of Luck.

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