Karachi Stock Exchange Weekly Analysis 5 July, 2010

Karachi Stock Exchange (KSE) trend was bearish last week. The Karachi Stock Exchange (KSE) 100-share index closed at 9,679.65 points by shedding 99 points or one percent. While KSE – 30 index has closed on 9,520.09 points by decreasing 142 points.

Following news have played vital role in Karachi Stock Exchange (KSE) index movement:
  • Law and order situation, target killing, terrorist activities especially suicidal attacks at Data Darbar (Lahore) has adversely affected market
  • Investors are confused because of the implementation of CGT (Capital Gain Tax)
  • Arif Habib Securities Limited (AHSL) is increasing investment on Javed Omer Vohra & Company (JOVC) by 14.6 percent
  • Political turmoil/instability and lack of foreign investor’s interest is also affecting market
  • Oil & Gas sector has performed well, foreign investors are showing positive interest in OGDC
  • Banking sector is also in green zone, while Chemicals and Telecom sector have underperformed
  • SBP relaxes conditions for commercial papers
  • Oil prices have reduced while power tariff has increased by 7.6 percent
LOTPTA, SILK, TRG, OGDC, JSCL, ENGRO were volume leaders. Pak Telephone, KASB Bank, Pak Cables, Bata Pakistan and Soneri Bank were the major gainers while Bestway Cement, Colgate Palmolive, TRG Pakistan, Pakistan Tobacco and Gharibwal Cement were the 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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