Karachi Stock Market (KSE 100 Index) June 17, 2009

At last, Karachi Stock Market (KSE 100 index) show tremendous performance today and 100 index shoots up 203 points and closed at 7076. Most traded share was Oil and Gas Development (OGDC) whose share price increased by 2.53 and closed at 72.70 rupees. Other most traded shares were JSCL(1.16, 24.52), AHSL (1.35, 28.50), National Bank (NBP 2.08, 64.27), Adamjee Insurance (3.86, 81.42), Azgard Nine Ltd. (1.04, 22.51), Nishat Mills Limited (1.84, 38.73), D.G. Khan Cement (1.29, 27.13), Lucky Cement (2.23, 58.70), Pakistan State Oil (PSO 5.01, 210.81) etc.

Market was supposed to be up but today's startup was unexpected. It seems investors have start taking interest in market and 100 index may continue to start going up. As I am insisting from last several posts that this is golden time to purchase for long term (at least 3-4 months) since some big hurdels like budget & CVT has been announced. Also year end of many companies is ahead after June 30. So it's expected that some sectors like Cement, Securities, Insurances will show positive result on the average and 100 index will also maintain its poistion. There is also possibility of reduction of inerest on banking sector; this will also aid up market to sustain its position. So investors should be comfortable and have patience. Best of Luck

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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