Karachi Stock Exchange Weekly Analysis 20 February, 2011

The Karachi Stock Exchange (KSE) market has closed in green zone. The Karachi Stock Exchange (KSE) 100-share index closed at 12,041.15 points by gaining 97.81 points or 0.81 percent.

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

  • SECP (Securities and Exchange Commission of Pakistan) has introduced leverage products and approved MTS (Margin Trading System). Which has boosted the confidence of investors
  • Clashes of US government with Pakistan are getting increased regarding case of Raymond Davis.
  • ENGRO, PRL (Pakistan Refinery Limited), and HBL (Habib Bank Limited) has announced their results last week which has beaten the expectations. While results of NML (Nishat Mills Limited), DGKC (DG Khan Cement), ICI and PKGS (Packages Limited) were below the expectations
  • As the result season came to an end, some blue chips are expecting to announce their result in next week e.g. OGDC, SSGC, SNGPL, INDU (Indus Motors), UBL, ABL, HUBCO, and PTCL
  • Foreign exchange reserve rises and reached a record level of $17.4 billion

ENGRO, PSO, MCB, UBL and NBP are top five future scrips. Unilever Pakistan Ltd, Dawood Hercules, P.I.A, Nestle Pak Ltd and Media Times Ltd were major gainers while Pak Telephone, Rafhan Maize, D.G. Khan Cement, Millat Tractors and PICIC Growth Fund 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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