Karachi Stock Exchange Weekly Analysis 3 October, 2010

In Karachi Stock Exchange (KSE), index performance was normal. The Karachi Stock Exchange (KSE) 100-share index closed at 10,042 points by gaining 133 points or 1.3 percent.

Following news have played vital role in Karachi Stock Exchange (KSE) index movement:
  • According to analysts there is political and macro economic uncertainty throughout the country
  • Increase in discount rate (50 bps to 13.5 per cent) has affected market
  • In next week, MTS (Margin Trading System) and results announcements will play an important role in market movement
  • 13 October is the date of hearing of NRO cases, which could affect political environment in country
  • OGRA provided interim relief by raising the UFG allowance, which causes attraction of investors to SSGC, SNGPL
  • APL, NRL, POL and SSGC were also on top because of nice results
  • Seven percent increase in power tariff likely
  • Urea off take slashes by 50 per cent, which leads it to 40 month lows
  • Cement prices (per bag) have been increased
POL, LOTPTA, JSCL, APL, NRL, POL, SSGC and SNGPL were on top at KSE last week. Dreamworld Ltd., Lakson Tobacco, Engro Polymer, Pakistan Cables and Sui South Gas were major gainers while Royal Bank, Kohinoor Energy, Shifa Int.Hospital, EFU General Insurance and Pakistan Refinery were major losers at KSE this 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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