Karachi Stock Exchange Weekly Analysis 30 January, 2011

In Karachi Stock Exchange (KSE), index performance has managed to close in green zone. And according to experts bullish trend will be witnessed in next week, because of stable interest rate. The Karachi Stock Exchange (KSE) 100-share index closed at 12,463 points by gaining 30 points or 0.24 percent.

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

  • SBP (State Bank of Pakistan) has kept policy rates unchanged in monetary policy, although there were expectations of 50 basis points increase
  • Results of various companies have been announced which were above than expected e.g. Pakistan Petroleum Limited (PPL), Fauji Fertiliser Company (FFC), Fauji Fertiliser Bin Qasim Limited (FFBL) LOTPTA, National Refinery Limited (NRL), Attock Refinery Limited (ATRL), Allied Pakistan Limited (APL) and Pakistan Oilfields (POL)
  • Automobile sector is under pressure, as government has approved increase in age limit of used cars up to five years
  • Although DAP prices have been increased up to Rs. 100 per bag, nice results are announced by two leading fertilizer companies, investors have chosen to book profits in these companies
  • POL prices: OGRA expecting 12% increase in February

POL, ENGRO, PSO, FFBL, and NBP are top five future scrips. Nestle Pakistan, Unilever Pak Foods, Packages Ltd, Netsol Technologies and Lotte Pak PTA were major gainers while Media Times Limited, KASB Bank, K.E.S.C, Security Paper Ltd and Abbot Laboratories 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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