Karachi Stock Market June 25, 2009

Karachi Stock Exchange KSE - 100 index show increase today and 100 index closed 102 point up at 7128. Most traded share was OGDC(2.10, 78.10) with total trade volume of 11,873,600 shares. OGDC is showing postie attitude since last several days but its highest price was 81 rupees during last three months. So it seems that its already on its benchmark and is very dangerous to buy this share at this price. Other most traded shares are AHSL (0.26, 27.45), JSCL (0.24, 24.02), Bank Al-Falah (0.03, 10.74), Muslim Commercial Bank (MCB, 7.31, 153.64), Mybank (-0.46, 4.44), Adamjee Insurance (0.82, 85.31), Azgard Nine (0.51, 22.85), Nishat Mills (0.24, 37.81), DG Khan Cement (0.39, 29.89), Luck Cement (1.01, 59.09) and Netsole Technologies (1.00, 17.08).

If we analyze market from last several days, it seems that Cement, Energy and Securities are performing better than other sectors. For example, DG Khan Cement, Lucky Cement, OGDC, Mari Gas Company, AHSL, Netsole etc are going good. So most of the investors are investing in these sectors and specifically in above mentioned companies. So have a close look at market and get your share back to your basket. 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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