Karachi Stock Exchange Weekly Analysis 20 March, 2011

The Karachi Stock Exchange (KSE) market trend was bearish. The Karachi Stock Exchange (KSE) 100-share index has reached 11,607 points by losing 438.64 points or 3.6 percent.

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

  • Terrorist activities, law and order situation especially in Karachi has really hurt the sentiments of investors
  • Political turmoil and uncertainty, give strained relations between PPP (Pakistan Peoples Party)and MQM (Mutahida Qaumi Movement) has badly affected the sentiments of investors
  • Because of disaster impact in Japan, Asian markets remained under pressure
  • Launch of long awaited MTS (Margin Trading System) and release of Raymond Davis failed to recover the confidence of investors
  • International oil prices fall to $99 per barrel
  • Government of Pakistan imposes additional taxes
  • Political uprising over release of Raymond Davis
  • Middle East crisis worsens off, as forces of US, UK and France have attacked in Libya

Media Times Ltd, Bestway Cement, WorldCall Telecom, Pace (Pak) Ltd, Lafarge Pak Cement, were the major gainers while Gharibwal Cement., United Bank Ltd, Al‐Ghazi Tractors, Clariant Pak, Fauji Fertilizer Bin Qasim 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.

No comments:

Post a Comment