Karachi Stock Exchange Weekly Analysis 25 July, 2010

Karachi Stock Exchange (KSE) has performed very well last week and witnessed a bullish trend. The Karachi Stock Exchange (KSE) 100-share index closed at 10,296 points by increment of 142.19 points or 1.4 percent.

Following news have played vital role in Karachi Stock Exchange (KSE) index movement:
  • Nice Corporate results of blue chips (e.g. FFC, FFBL, ENGRO and HBL) are expected in next week
  • Announcement of $500 million aid from United States from Hilary Clinton as the part of Kerry-Lugar bill, and there were rumours that Asian Development Bank (ADP) will approve additional $500 million for the budgetary support
  • Construction of Diamer-Bhasha Dam has been approved, which is very positive sign for cement sector
  • Foreign investors are showing interest in Oil & Gas, Fertilizer, and Banks
  • Rise in global capital market and oil reaches up to $80 per barrel are also positive signs for the development of market
  • Rising circular debt issues created woes in the market about the recovery of receivables to OMC's
OGDC, MCB, POL, HUBC, PSO, LOTTE Pakistan, JSCL, Nishat Mills, AHSL, AZGARD Nine were on top 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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