Karachi Stock Exchange Weekly Analysis 27 February, 2011

The Karachi Stock Exchange (KSE) market has witnessed a biggest decline. The Karachi Stock Exchange (KSE) 100-share index closed at 11,223.52 points by shedding 817.63 points or 6.80 percent. While The Karachi Stock Exchange (KSE) 30-share index closed at 10,756.83 points by shedding 859.83 points or 7.4 percent. Please note that it is the biggest weekly decline since last 16 months (October 2009).

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

  • Political uncertainty and turmoil has increased after breaking alliance of PML-N (Pakistan Muslim League Nawaz) and PPP (Pakistan Peoples Party) in Punjab
  • Investors have some serious concerns on foreign selling, because of unrest and tension in Middle East and Libya
  • Global capital markets have also closed on record lowest levels
  • There are bilateral ties created between government of Pakistan and US regarding Raymond Davis case
  • Because of all these above mentioned factors, local investors along with foreign investors have opted panic selling
  • Oil prices are continuously increasing and crossed $100 per barrel
  • Pakistan government also planning to raise oil prices in upcoming week
  • Japan will provide $175 million for the constructions in KPK (Khyber Pakhtun Khawa)
  • Yamaha will install a plant in Karachi which is of worth $150 million
  • FBR (Federal Board of Revenue) has proposed an increase in rate of flood surcharge
  • LSM Production falls 1.77% 1HFY11
  • Privatisation of BOP (Bank of Punjab) is also under consideration

Dawood Hercules, Rafhan Maize, Al‐Ghazi Tractors, Unilever Pakistan Food, Muree Brewery , Tri Pak films, Ismail Industries and Gul Ahmed Textiles were major gainers while Azgard Nine, Bata Pakistan, Jahangir Siddiqui & Co, TRG Pakistan, Askari Bank, Nestle Pakistan, Bata Pak, Siemens Engg, Fauji Fertilizer and Attock Petroleum 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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