Karachi Stock Market June 11, 2009

Today Karachi Stock Market (KSE 100 index) increased by 45 points to be closed at 7091. Most traded share was D.G. Khan Cement(D.G.K.Cement) with total trade volume of 12,726,300 and increased by 1.29 to be closed at 27.77. Almost all cement sector show very good response along with some insurance companies like Adamjee Insurance (increased by 4.15 and closed at 87.33), Askari General Insurance (increased by 1.15 and closed at 25.03), EFU and New Jubilee. Market was under pressure due to selling in energy sector.

There was also great volume of trade in securities sector and JSCL, AHL and AHSL show very good turn over. Market may be under pressure today but it seems that it will continue to increase in index since budget is going to be presented in National Assembly. Market may start going up rapidly on Monay or even it can get pressure of budget but this will be temprary effect and eventually market has to go up. Invesors are recomended to start taking interest in market and this may give them good turn over in the end. Best Of luck

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

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