Karachi Stock Exchange Weekly Analysis 23 May, 2010

Karachi Stock Exchange (KSE) index have witnessed a steepest fall and reached below the psychological level of 10,000 points. KSE – 100 index has closed at 9,871.16 points with a decrement of 400.55 points, or 3.89 per cent. While KSE - 30 Index closed at 9,922.16 points with a decrement of 419.52 points, or 4.05 per cent.

Following news have played a vital role in movement of Karachi Stock Exchange (KSE):
  • Investors are desperately looking for triggers in upcoming budget coinciding with technical weakness
  • Investors have concerns on implementing VAT, CGT, Power tariffs hike and upcoming monetary policy
  • Law and order situation in Karachi and judicial crisis both political and internal
  • Fifth tranche of $1.3 billion from IMF has received
  • Oil and Gas sector also have selling pressure, because of decreasing oil prices ($70 per barrel)
  • Greece debt crisis is continuously effecting International and local markets
  • Energy crisis increased, Lack of electricity, water and gas are adversely and continuously affecting country’s economy
Auto and Telecom sectors have outperformed Indus Motors, AHSL, Lotte Pakistan, PTCL, NIB Bank, Nishat Mills, Pakistan Tobacco, Mari Gas and JSCL 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 discrepancy in the ground realities.

Written by: Rana Khurram

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