Karachi Stock Market (KSE 100 Index) June 15, 2009

KSE 100 index was under pressure today since today was the first trading day after budget. Karachi Stock Market (KSE -100) index declined 103 points to be closed at 6953. Most traded share was D.G.Khan Cement whose share price decreased by 1.17 and closed at 27.20. Other traded companies are JSCL(-1.13), AHSL(-.10), Lucky Cement (+.98) and Adamjee Insurnace (-4.19).

According to analysts, this was natural decline in KSE-100 index and market will indexd up in next couple of days since CVT has been removed from stock market and many investors like this thing. Intersting sectors can be Cement, Securities (AHSL, JSCL, AKD Capital), banks (after decline) and energy sector since there will be inflation on oil and energy resources from July. This is the ideal time period (including next couple to days) to buy some strong traded shares for quick return. So have a closed watch on market these days. 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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