Karachi Stock Exchange Weekly Analysis 25 April, 2010

Karachi Stock Exchange (KSE) have witnessed a bearish trend, almost throughout the week. KSE – 100 index has closed at 10,607.53 points by the loosing of 52.18 points or 0.48 per cent. While KSE – 30 index has closed at 10,726.80 points by the loosing of 149.81 points or 0.37 per cent.

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

  • Investors have concerns about CGT (Capital Gain Tax) implementation
  • Energy crisis increased, Lack of electricity, water and gas are adversely and continuously affecting country’s economy
  • However there were strong results from blue chips e.g. POL, PSO, HBL, MCB but it was unable move market in positive direction
  • ENGRO, PTCL, NBP, OGDC, and PPL are schedule to announce their results next weak
  • Business community, traders, investors have concerns on government decision of two holidays in a week (e.g. Banks, Shipping etc.), closing markets early evening etc.
  • Global concern about Goldman Sachs has made investors apprehensive
  • Cotton prices have increased Rs. 6700 (highest in history)
  • Oil prices have decreased internationally.

LOTTE Pakistan, TRG, SILK Bank, DGKC, AZGARD NINE, MAPLE Leaf Cement were volume leaders 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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