Karachi Stock Exchange Weekly Analysis 16 May, 2010

Karachi Stock Exchange (KSE) has showed lacklustre and dull performance. KSE – 100 index has closed at 10,271.71 points by the increase of 0.24 points. While KSE – 30 index has closed at 10,341.30 points by the increment of 0.38 points.

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

  • The fifth tranche ($1.13 Billion) from IMF, is due for next week
  • Uncertainty about CGT (Capital Gain Tax) and VAT (Value Added Tax) implementation in upcoming budget and investors are also waiting for monetary policy review by government
  • Local and Foreign investors are sideline because of EURO debt crisis
  • Political turmoil between coalition parties especially in sindh
  • Rumours of Pakistan not being included on the MSCI led to midweek sell-offs
  • Energy crisis increased, Lack of electricity, water and gas are adversely and continuously affecting country’s economy

OGDC, BAFL, PSO, POL, NBP, Lafarge, BOP, PTCL, DGKC 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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