Karachi Stock Exchange Weekly Analysis 13 February, 2011

In Karachi Stock Exchange (KSE), bears were dominated throughout the week, because of local and International political turmoil and uncertainty. The Karachi Stock Exchange (KSE) 100-share index closed at 11,943.34 points by shedding 472.01 points or 3.80 percent. Please note that it is the worst decline during last six months.

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

  • Federal cabinet being dissolved, Pakistan and US government have some clashes regarding Raymond Davis case
  • Moody’s credit rating downgrade risk, If Pakistan gets fail to address growing fiscal deficit
  • PSO, MCB and ABL were the major blue chips who have announced their results last week
  • Foreign investment was also lacklustre, only gross buying was of $7.9 million and selling of $7.7 million
  • According to experts some foreign inflows are expecting in next week after the resignation of Egyptian President Hosni Mubarak
  • CPI inflation came in at 14.19 percent in January on rising prices of perishable food item
  • Chairman of SECP (Securities and Exchange Commission of Pakistan) has announced during his visit at KSE (Karachi Stock Exchange), that MTS (Margin Trading System) will be implemented by the end of this month
  • Pakistan exports have been increased up to $2.33 billion in January, 2011
  • 50MW wind power farm to be set up in Thatta

POL, ENGRO, PSO, MCB, and NBP are top five future scrips. Shifa International, Media Times Ltd., Rafhan Maize Food, Unilever Pakistan Foods and Pak Telephone were major gainers while NetSol Technologies, Lakson Tobacco Comp., Jahangir Siddiqui & Co, MCB Bank Limited and Sui Northern Gas Ltd 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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