Karachi Stock Exchange Weekly Analysis 5 September, 2010

Karachi Stock Exchange (KSE) performance was well and closed in green zone. The Karachi Stock Exchange (KSE) 100-share index closed at 9,703.06 points by gaining 104.35 points or 1.08 percent.

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

  • As foreign aid is arriving from IMF, WB, Friends of Pakistan etc. so upcoming days are looking positive. But next week will be very short, because of Eid holidays (10 – 13 September, 2010)
  • World bank has increased aid from $900 million to $1 billion for flood victims in Pakistan
  • Terrorist activities, flood and political turmoil has really hurt the sentiments of investors
  • The meeting for the expected resolution of MTS (Margin Trading System) is inconclusive and uncertain
  • Oil & Gas sector has out performed while banks were major losers
  • Nice results from Indus Motors and KAPCO were announced last week, which were according to market expectations
  • Foreign Portfolio Investors have bought shares of worth $8 million

POL, OGDC, ENGRO, PSO, MCB, Lotte Pakistan, DGKC, JSCL 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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