Karachi Stock Exchange Weekly Analysis June, 5, 2010

Karachi Stock Exchange (KSE) index have witnessed bearish activities throughout the week and recovered a little bit. KSE – 100 index has closed at 9,636.88 points while KSE – 30 index has closed at 9,607.42 points.

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

  • Investors are desperately looking for triggers in upcoming budget 5 June, 2010
  • Investors have concerns on implementing VAT, CGT, Power tariffs hike, that’s why they were seem to be very careful during this week
  • Terrorist activities, law and order situation in country
  • Energy crisis increased, Lack of electricity, water and gas are adversely and continuously affecting country’s economy

OGDC, BAFL, POL, ENGRO and DGKC were leading market. Oil and Fertilizer sector have also drove market positively.

LOTPTA, JSCL, AHSL were volume leaders.

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