Karachi Stock Exchange Weekly Analysis 13 Feb, 2010

Although Karachi Stock Exchange (KSE) has closed on positive note last week, but index performance was very lacklustre and volatile. The KSE 100 share index has closed on 9,805.87 by the increment of 36.14 points or 0.37 per cent, while KSE 30 index has closed on 10,174.92 points. The result season is very positive, analysts have expected KSE 100 index could achieve 10,000 points psychological target in upcoming weeks, if positive activities will remain continues. Analysts also recommend buying strategies now, for the upcoming better rates and index movement in March, 2010.

Following important news have played vital role during Karachi Stock Exchange (KSE) index movements:

  • The news about imposition of CGT (Capital Gain Tax) on share traders earnings, have really hurt the sentiments of traders
  • Mutual funds have been sold massively, but foreign portfolio investors have invested majorly in equities
  • During the week local investors have opted selling (profit taking) in Fertilizers, Oil & Gas and Banking sector
  • There were very positive reports witnessed by some blue chips e.g. Attock Petroleum, National Refinery and Pak Petroleum
  • In next week some more positive results are expected e.g. PSO, ICI Pakistan, Nishat Mills, Habib Bank and KAPCO
  • International Oil prices have fallen below $73 per barrel
  • Prices of DAP have increased up to record level

Pakistan Services, FFBL, LPCL, Bestway Cement, Colgate Palmolive, KESC, and Attock Cement were on top last week.

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.

Written by: Rana Khurram

1 comment:

  1. Hello Rana Khurram, can you please send me your KSE analysis on fxgenius@gmail.com, thanks.