Karachi Stock Exchange Weekly Analysis 11 April, 2010

Karachi Stock Exchange (KSE) was bullish throughout the week. KSE – 100 index has crossed psychological level of 10,500. Remember this is the higher level achieved during last 15 months. KSE – 100 index has closed at 10,586.46 points by the increment of 169.94 points or 1.6 per cent. So much positive activities have been witnessed, and according to analysts KSE – 100 index will cross 12,000 points level by the end of this year.

Following news have played a vital role in progress of Karachi Stock Exchange (KSE):
  • Historic 18th amendment has been presented before the National Assembly and approved
  • Foreign Portfolio Investors have invested a huge volume (worth of $22 million) especially in Oil and Gas sectors
  • International crude prices have increased
  • Nice results of AZGARD NINE (ANL) have been announced and some more better results are expected in upcoming week.
Following negative news also circulated in market, which makes local investors very cautious and careful:
  • 5th tranche from IMF of worth $1.2 billion have been delayed
  • Series of Bomb blast in Peshawar at US Consulate
  • Lack of electricity, water and gas are adversely and continuously affecting country’s economy and various industries e.g. Textile, Agriculture etc.
LOTTE Pakistan, Silk Bank, ANL, TRG, PTC, PAKRI 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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