Karachi Stock Exchange Weekly Analysis 10 April, 2011

The Karachi Stock Exchange (KSE) market has managed to close on green zone. The Karachi Stock Exchange (KSE) 100-share index has reached 11,905.87 points by gaining 20.23 points or 0.17 percent.

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

  • Corporate results announcement has been started and nice quarterly results are expected especially from blue chips e.g. Fertilizer, power, cement, banking etc.
  • Bilateral relations are getting improved with US and UK
  • Power tariffs and oil prices have been increased. Iranian president has predicted the oil prices will reach $150 per barrel
  • CPI (Consumer Price Index) have been increased by 1.48 percent, which has made the inflation reached on 13.16 percent for the month of March
  • Higher Inflation, energy shortfall and security concerns have really hurt the sentiments of investors
  • ADB (Asian Development Bank) released its policy review wherein it projected GDP growth for FY11 at 2.5 percent. It expects GDP to grow by 3.7 percent in FY12. And ADB has declared Pakistan, most expensive (poor) country
  • Government of Pakistan may subsidize 10,000 tractors
  • Indus Motors launching new variant of its Corolla XLi and GLi
  • China has offered to invest $15billion in energy sector

The top-five scrips at the futures counter constituting 69 percent of the total open interest position were POL, ENGRO, LUCK, NBP and MCB. Pak Telephone, Bank Al‐Falah Limited, Pakistan Reinsurance, Pak Suzuki Motors and Unilever Pakistan Foods were the major gainers while Dawood Hercules, Indus Dyeing, Colgate Palmolive, Adamjee Insurance and Pakistan Refinery 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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