Karachi Stock Exchange Weekly Analysis 14 November, 2010

In Karachi Stock Exchange (KSE), index performance was lacklustre and bearish throughout the week. During the week KSE – 100 index has crossed the psychological level of 11,000 points. But was unable to sustain that position and closed at 10,874 points by shedding 8 points or 0.1 per cent.

Following news have played vital role in Karachi Stock Exchange (KSE) index movement:
  • Investors have concerns over impact of RGST (Reformed General Sales Tax), 10 percent Flood Relief Surcharge and Increase in Excise Duty
  • Heavy bomb blast at CID (Crime Investigation Department) headquarters in Karachi
  • Eid ul Adha holidays are approaching, which can cause market movement more slow
  • If the new leverage product was introduced and SBP (State Bank of Pakistan) will get succeeded to maintained the discount rate, then market will move towards positive green zone
  • Auto Sales has increased by 17% during month of October 2010
  • During last week there was a one day off because of Iqbal day
The top five scrips that constituted 64 percent of the total open interest were POL, ENGRO, PSO, NBP and Nishat Mills. Rafhan Maize, Unilever Foods, Indus Motors, Colgate Palmolive, Hinopak Motors were major gainers while Bata Pak, Nestle Pak, Wyeth Pak, Siemens Engineering, Lackson Tobacco 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

1 comment:

  1. Sir Your Analysis is great.....pls can you help us in our portfolio management assignemt to present the Market Review, Money Review & Economic Review for the month of Nov-10 at my email address kaamimalik_85@yahoo.com
    i'll be very great full to you
    Regards, Ali