Karachi Stock Exchange Weekly Analysis 14 March, 2011

The Karachi Stock Exchange (KSE) market has managed to close in green zone and retained the psychological level of 12,000 points. The Karachi Stock Exchange (KSE) 100-share index has reached 12,045.24 points by gaining 45.21 points or 0.37 percent, while The Karachi Stock Exchange (KSE) 30-share index has reached 11,803.46 points by gaining 86.79 points or 0.74 percent. And according to experts it will also gain momentum in next week because launch of MTS (Margin Trading System) next week.

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

  • Political turmoil and uncertainty, give strained relations between PPP (Pakistan Peoples Party)and MQM (Mutahida Qaumi Movement) has badly affected the sentiments of investors
  • Tension is increasing between judiciary and Government of Pakistan on the appointment of chairman NAB (National Accountability Bureau)
  • Leverage product launch (MTS, MFS and SLB) are scheduled to be introduced in the coming week
  • Due to Quake and Tsunami in Japan, and increasing crisis of Middle east, International economy has affected
  • According to analyst at KASB Securities that yields for select stocks-FFC, Hubco and Kapco looked attractive at 12 to 15 percent from the investment perspective. Given the rise in oil prices, the oil and gas exploration and production sector could perform well in the coming weeks where Pakistan Petroleum Ltd and Pakistan Oilfield Ltd are expected to perform well
  • ADB (Asian Development Bank) has approved a loan of $400 million and WB (World Bank) has agreed to provide $125 million for the repair of flood affected irrigation system
  • Inflation eases for the month of February to 12.91 percent
  • US Embassadar has warned that there will be no business till Raymond Davis case get resolved
Standard Chartered Bank, Media Times Limited, GlaxoSmithKline, Pak Telephone and Arif Habib Corporation were the major gainers while Bestway Cement, TRG Pakistan, NIB Bank, Kot Addu Power Company and Bank Al‐Falah Limited were major losers at KSE 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.

Written by: Rana Khurram

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