Karachi Stock Exchange Weekly Analysis 15 May, 2011

The Karachi Stock Exchange (KSE) market has closed on positive note. KSE market 100 – index has also crossed the threshold of 12,000 points this week. The Karachi Stock Exchange (KSE) 100-share index has reached 11,967.35 points increasing 87.39 points or 0.73 percent.

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

  • According to analysts the Karachi Stock Exchange (KSE) will continue to disturb investors in upcoming weeks, because investors have some serious concerns over new taxes in upcoming budget
  • In last week investors have showed interest in Lotte Pakistan PTA, JSCL, ANL and OGDCL
  • There is uncertainty about the future of Pakistan and US relationships
  • Oil prices have fallen, which made oil and gas sector to under perform
  • There are news of positive increase in fertilizers in the light of gas curtailment issue, which showed positive momentum on fertilizer and chemical sector
  • Strong corporate profitability has reignites interest
  • The total exports of Pakistan has reached up to $20 billion, while remittances stood at record high $9.05 billion, as per data collected at the end of April
  • China has announced some critical investment decisions ($15 billion), in the form of investment in Thar Coal as well as increasing overall trade
  • ENGRO has purchased the US firm’s food business, Al- Safa Halal

Jahangir Siddiqui & Co, Gharibwal Cement, Pakistan Reinsurance, E.F.U. Life Assurance and NIB Bank were the major gainers while Grays Of Cambridge, New Jubilee Insurance, Habib Metro Bank, Kohinoor Energy and Pak Cables 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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