Karachi Stock Exchange Weekly Analysis 16 January, 2011

In Karachi Stock Exchange (KSE), index performance was bullish for the consecutive ninth week. And according to experts bullish spell continues in next week because of much anticipated implementation of MTS (Margin Trading System) by law ministry. The Karachi Stock Exchange (KSE) 100-share index closed at 12,534 points by gaining 145 points or 1.16 per cent.

Following news have played vital role in Karachi Stock Market index movement:

  • Investors have some concerns about Law and order situation, target killing and now curfew in Karachi
  • Upcoming corporate result season will also effect KSE market positively and some nice results expected especially of blue chips
  • Analysts are also cautious about the coming monetary policy (arriving on 29 January), and it is expected that interest rate will rise again
  • Foreign investors have also shown interest on strong valuation and did buying of worth $29.3 million, especially in banking, fertiliser, and energy scrips
  • Oil prices are increasing continuously (crossed $91 per barrel), which makes investors interest in Oil and Gas sector
  • Remittances have been reached up to $5.2 billion in 6 months
  • $66 million US aid to help in building two dams
  • Gas shortage impending industrial growth
  • Two gas wells blown up in Dera Bugti

FFC, POL, ENGRO, PSO, FFBL, Lotte Pakistan, DGKC, ANL and NBP were on top last week. Nestle Pakistan, Attock Petroleum, Rafhan Maize, Indus Motors, NetSol Technologies, Pace (Pak) ltd, Indus Motors, Pak Reinsurance, Pak Services and Millat Tractors were major gainers, while Indus dyeing, Pak Engg, Dreamworld ltd, Media Times Limited, East West Insurance, Bestway Cement, Soneri Bank and Dreamworld Ltd and Siemens Engg. were the major losers of 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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