Karachi Stock Market (KSE 100 Index) June 18, 2009

After yesterday's unexpected increase, today KSE - 100 index declined -24 points and closed at 7052. At one point, index was seen at 7142 but selling in Banking and Energy sectors turned 100 index to negative. Most traded share was D.G. Khan Cement whose share price increased by 1.27 and closed at 28.40. Other most traded shares are JSCL (.18, 24.70), AHSL(.43, 28.93), Muslim Commercial Bank (MCB -6.78, 140.15), National Bank of Pakistan (NBP 1.03, 65.30), Nishat Mills Limited (.1, 38.74), Oil and Gas Dev(OGDC 1.40, 74.10), P.T.C.L.A(.29, 16.74).

According to some analysts, market was expected to get down after yesterdays abnormal increase but today's down fall was too early. It is also expected that market may be more down and then start coming up but there is no confirm news of when this will happen. Overall this is ideal time to put some shares in account and then wait. If market comes down, then buy again from lower price; otherwise wait for long term investment process. JSCL, AHSL, DG Khan Cement might be very good to invest. 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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