Karachi Stock Exchange June 22, 2009

Today KSE-100 Index gained 17.53 points and close at 7057.26, 101 stocks closed up 193 closed down while 19 stocks remained unchanged. Oil & Gas Development Company Ltd (OGDC) was the most trades share with trade volume of 15,128,200 shares and its price increased 1.69. Other most trades shares are JSCL (-.19, 24.31), AHSL (-0.45, 28.27), DG Khan Cement (+.94, 28.63), Lucky Cement (-.05, 57.16), Adamjee Insurance (2.25, 85.83), Nishat Mills (-.13, 36.83), Muslim Commercial Bank (MCB +4.96, 147.02), Hub Power Co. Ltd (+.66, 26.96) and Attock Refinery Ltd (+ 0.56, 124.78).

Today market started with positive value and at one point 100-index was seen at 7133 points but then selling in banking sector causes the market to be down. Now if you look at the overall situation of market, its very clear that currently there is no solid share to invest but a good to secure some of the most traded shares for future return. According to some speculated news, JSCL, AHSL, PAK Reinsurance (PAKRI), D.G Khan Cement are good to be traded for long term. Best Way Cement company is also moving up and up since last 7 days but I think its very risky to buy this share at current price. Most of the investors are on W&S (wait and see) policy and just examining the market to move in certain direction. So have a strong eye on market and buy some of the shares of your selection. Cheers…

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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