Karachi Stock Exchange Weekly Analysis 7 March, 2011

The Karachi Stock Exchange (KSE) market performance was bullish throughout the week. The Karachi Stock Exchange (KSE) 100-share index has reached 12,000 points by gaining 776.51 points or 6.9 percent. And according to experts it will also gain momentum in next week.

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

  • Finance Minister agreed to Launch of leverage product and MTS (Margin Trading System) which will definitely increase the liquidity in KSE market and will improve buying activities
  • Government of Pakistan has revised (cut to half the 9.9 percent increase) petroleum prices, which also eases political uncertainty
  • But global oil prices are increasing, which may increase the deficit
  • Nice result announcements from NBP, BAFL, NCL, and Pakistan Steel Mills has improved the confidence of investors
  • Prices have increased of global commodities
  • On strong valuation, Institutions have shown interests
  • UK hints at doubling its assistance
  • Volumes gathered pace and the average inclined by 4.9 percent to touch 146.5 million shares
The top five scrips constituting 65 percent of the total open interest were LUCK, POL, NBP, ENGRO and DGKC. Rafhan Maize, Bata Pak., POL, Attock Petroleum, Nat. Refinery were the major gainers while Unilever Foods, Wyeth Pak, Pak. Datacom, Indus Motors, Pak. Services 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.

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