Karachi Stock Market June 30, 2009

Today KSE 100 index declined 44 points to be closed at 7162. Market opened with positive index but after some time result from PTC (Pakistan Telecommunication Company) affected the market as the dividend announced by the company's board of directors was much lower the the expected one. Most traded share was Al-Abbass Cement (+0.19, 7.00) with trade volume of 16,041,000 shares. Other most traded shares include JSCL (-0.71, 23.19), Bank of Punjab (+0.27, 10.98 ), Samba Bank Ltd (+0.01, 2.98), Azgard Nine (+0.19, 22.14), D.G Khan Cement(-1.47, 29.65), Lucky Cement(-1.78, 58.53), Netsol Technologies (+0.53, 17.86) and PTCL (-0.66, 17.24).

As July is the month of results for most of the companies, share prices fluctuate much during this month (as today PTCL affected the market). Also some shares will get very good response due to better results. Some attractive sectors may be cement and securities(as I mentioned in earlier posts), so investors are trading much in these sectors like DG Khan Cement, AHSL, JSCL, Netsol Technologies etc. Netsol is expected to be at least over 22 Rupees till the anncouncement of result but again it depends on Netsol's announcements. So have a close watch on these shares. 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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