Karachi Stock Exchange Weekly Analysis 19 September, 2010

Although the week was little short (because of Eid Holidays), but Karachi Stock Exchange (KSE) performance was bullish, some positive factors have drive market positively. The Karachi Stock Exchange (KSE) 100-share index closed at 10,052.97 points by gaining 173.97 points or 1.8 percent.

Following news have played vital role in Karachi Stock Exchange (KSE) index movement:
  • SECP (Securities and Exchange Commission of Pakistan) has approved MTS (Margin Trading System)
  • Relaxation by the EU (European Union) on Pakistan’s export
  • Executive Board of IMF (International Monetary Fund) has confirmed to provide $451 million funding under the Emergency Natural Disaster Programme for Pakistan
  • Rise in global oil prices ($78 per barrel) and renewed foreign interest in oil and gas
  • Government of Pakistan has announced to implement the reformed GST (General Sales Tax) from 1st October, 2010 and soaring domestic debt kept investors cautious and sidelined
POL, OGDC, ENGRO, MCB, PPL, LOTPTA, TRG, JSCL, NPL, AHSL, and NBP 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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