Karachi Stock Exchange Weekly Analysis 28 November, 2010

In Karachi Stock Exchange (KSE Pakistan), index performance was bullish. The Karachi Stock Market has crossed the psychological level of 11,000 points and climbed up to 28 – month’s high level of 11,206 on first trading session. The Karachi Stock Exchange (KSE) 100-share index closed at 11,145 points by gaining 158.05 points or 1.6 percent.

Following news have played vital role in Karachi Stock Market index movement:
  • State Bank of Pakistan (SBP) will announce next Monetary Policy on coming Monday, which will decides the movement of Karachi Stock Market for next week. Some analysts are expecting 50 basis points rise in discount rate
  • There is a oil discovery at Makori East, and there are also reports that Oil & Gas Development Company Ltd(OGDCL) and Pakistan Petroleum Ltd (PPL) could bid for British Petroleum’s Pakistan assets
  • Foreign Portfolio Investors have shown keen interest during this week, especially in Oil & Gas Sector, but according to experts, they will get break in month of December especially during end of December (Holidays)
  • Senate approval and Deliberations over the Reformed General Sales Tax (RGST) and amendments for the finance bill will also affect Karachi Stock Market
LOTPTA, JSCL, Nishat Mills, Byco Petroleum, Arif Habib, APL, FFC, HUBCO were top on last week. Nestle Pakistan, Wyeth Pak, Service Ind, Shahtaj Sugar, Sheild Corp. were major gainers while Rafhan Maize, Unilever foods, Bata pak, Dreamworld Ltd were major losers at Karachi Stock Market 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

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