Karachi Stock Exchange June 3, 2009

Today Karachi Stock Exchange KSE 100 Index declined 135 points to be closed at 6989. This is the highest declined of this week. Most traded share was Jahangir Saddique Company (JSCL) whose share price decreases 1.32 and closed at RS 25.20. AHSL also got down. At one point market was positve but selling in Energy and Cement sectors truned KSE 100 index to negative.

According to some analystes, market may get support from 6800 points and according to my point of view investors should take interest in market in second half of Friday BUT market may continue get affected since budget is ahead. Some interesting shares can be AHSL, JSCL and AKD after Friday first half. So have close look at them. Cheers...

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