Karachi Stock Exchange Weekly Analysis 9 May, 2010

Karachi Stock Exchange (KSE) have witnessed a bearish trend, almost throughout the week. KSE – 100 index has closed at 10,271.47 points by the loosing of 117.99 points or 1.5 per cent. While KSE – 30 index has closed at 10,341.30 points by the loosing of 119.16 points or 1.14 per cent.

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

  • Greek tragedy spreads to global stocks and oil, and now concerns over Spain
  • Outflow of foreign investment
  • Pakistan on world’s terrorism radar again
  • US has released $656 million to Pakistan under CSF
  • The fifth tranche from IMF, is due for next week
  • Urea prices have increased
  • Fall in global commodity prices led by crude oil near to $78 a barrel
  • Investors have concerns about CGT (Capital Gain Tax) and VAT implementation in upcoming budget
  • Energy crisis increased, Lack of electricity, water and gas are adversely and continuously affecting country’s economy
  • Overall quarterly results of various companies including blue chips are not satisfactorily and according to expectations of investors.
  • Etisalat has intention to acquire another 26 per cent shares of PTCL

OGDC, BAFL, PSO, POL, NBP, JSCL, ANL, SILK and ENGRO 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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