Karachi Stock Maraket Weekend Analysis

Bullish trend is consistent in KSE, and market is going up by leaps and bounds. In last week KSE has crossed two psychological levels and reached at 8541.22 points after increment of 5.34 percent 433.28 points. And the parallel running junior have reached 9187.48 by the increase of 594.78 points. According to the experts KSE – 100 index will remain bullish in upcoming week and will reach up to 9000 points. There are some positive news and factors which makes market to achieve its highest level of the year. e.g.

  • Discovery of new crude Oil and Gas reserves by large listed companies (e.g. OGDC, PPL, POL)
  • Upward revision in sovereign credit rating of Pakistan by world renowned Standard & Poor’s (S&P) to “B-”
  • Foreign investment in Banking, Oil & Gas Sectors. They have invested $23.80 million (Rs. 1.94 Billion) in last week
  • Local investors are also buying massively blue chips e.g. Bank, Oil & Gas, Cement etc.
  • Current corporate result season, and companies are announcing positive reports, bonuses, dividends etc.
  • Reduction in discount of Pakistani bonds listed in the international market
  • Pakistan PTA has announced a healthy profit
  • OGDC has announced to give 10 percent shares to the employees of OGDC. Almost 10,000 employees will get benefit from this scheme

Remember my friends; I am continuously suggesting you since last month that if you have any plan for the investment, this is the best time. There are a lot of shares which are still standing lucrative. Pak PTA, PTCL, and OGDCL were the top companies of last week.

Written by: Rana Khurram

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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