Karachi Stock Exchange Weekly Analysis 14 March, 2010

Karachi Stock Exchange (KSE) is performing positively and performed really very good during last week. KSE – 100 index has crossed 10,000 points psychological level, and reached to the highest level of last 18 months. KSE – 100 index had closed at 10,026 points by the increment of 400 points or 4.15 percent. While KSE – 30 index had closed at 10,445 points by the increment of 347 points or 3.43 percent.

Following news have played a vital role in progress of Karachi Stock Exchange (KSE):

  • Foreign Portfolio Investors have invested a huge volume ($29 Million) during the week
  • Result announcement season had come to an end (almost), local investors are seems to not in mood of further buying, market have big hopes on foreign investors
  • Pakistani Rupee had shown stability against $Dollar
  • Overseas Pakistanis had increased their remittances to sent home
  • Auto sales had increased robustly
  • Trade deficit had reduced
  • International Oil prices have increased
  • Victim’s of Bhasha Dam receive compensation of 40 billion Rupees
Local investors are very careful and cautious because of following factors:
  • Terrorist activities throughout the country
  • Circular debt in energy sector
  • Lack of electricity, water and gas are adversely and continuously affecting country’s economy and various industries e.g. Textile, Agriculture etc.
  • High interest rate regime

Lotte Pakistan, Lafarge Pakistan, OGDC, NBP, Bank Al – Falah, DGKC, PTC, TRG, SNGP, and SSGC 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

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