Karachi Stock Market (KSE 100 Index) June 16, 2009

Karachi Stock Market (KSE 100 index) declined 80 points today and closed at 6872.96. At one point market was at 6847 points but it recovers a little in the end. Most traded share was DG Khan Cement whose share price decreased by -1.36 and closed at 25.84. Among other traded shares were Jahangir Siddique Company (JSCL -0.78, 26.36), Arif Habib Securities (AHSL -0.20, 27.15), Muslim Commercial Bank (MCB -1.17, 140.13), Nishat Mills Limited (NML -1.94, 36.89), Lucky Cement (-1.75, 56.47), Engro Chemical (-0.52, 128.70), Oil and Gas Developement(OGDC -1.04, 70.17) etc.

Market is getting down as it was expected after Saturday's budget speach. This down time may continue for this week or till Friday and market has to cover back from the ground level. Players will take adantage of this down fall and may take some of the shares like (AHSL, JSCL, AKD, Adamjee Insurance) up to an extent. But its player choice that when and what he buys from market to rais 100 index and selected shares up. Some analysts including Akeel Kareem Dadhy and other like this are hopping that market will recover back soon. So hope for the best.

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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