Karachi Stock Exchange Weekly Analysis 20 June, 2010

Karachi Stock Exchange (KSE) has performed well last week and closed in green zone. The Karachi Stock Exchange (KSE) 100-share index closed at 9,645.71 points by increment of 174.59 points or 1.8 percent.

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

  • Expectations of resolution of CGT issues, quarterly fillings of CGT to be exempted for small investors

  • Prime minister of Pakistan (Yousaf Raza Gilani) has approved Rs. 42 billion for PSO (Pakistan State Oil) financial relief on circular debt issue

  • International Oil prices rises and reached up to $76 per barrel

  • International Stock Market has also revived

  • Pakistan and Iran has finalized the Gas Pipeline deal

  • HUBCO removed from KMI 30 – index

  • Power tariffs may be raised 9% in July

  • Faysal Bank has acquired RBS (Royal Bank of Scotland) Pakistan for Rs 4.2 billion

  • E&P sector was major out performer, Lotte Pakistan, OGDCL, DGKC, JSCL were volume leaders. PIA, Colgate Palmolive, Royal Bank, Pakistan Tobacco and Bestway Cement were major gainers while Atlas Honda, Gharibwal Cement, KESC, Shifa Int.Hospital and IGI Insurance were major losers at KSE 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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