Karachi Stock Exchange Weekly Analysis 22 May, 2011

The Karachi Stock Exchange (KSE) market has managed closed on positive note. The Karachi Stock Exchange (KSE) 100-share index has reached 11,973.38 points increasing 6 points or 0.05 percent.

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

  • Brokers have seek the help from President Asif Ali Zardari for tax-related issues. They will meet on Monday in the Award Ceremony of Best companies
  • Average volume in Karachi Stock Exchange (KSE) have been dropped by 33 percent and stood to 46 million shares, which is the lowest since last nine months
  • The value of Pak Rupee has been seriously depreciated against US$. Which has affected the sentiments of foreign portfolio investors
  • Visit of Prime Minister Yousaf Raza Gilani to china has also affected economy positively
  • Sui Northern Gas Pipeline (SNGPL) has cut the supply of gas to new fertilizer plant of ENGRO
  • Investors have uncertainty over upcoming budget implications and Monetary Policy by State Bank of Pakistan (SBP)
Lotte Pakistan PTA, JSCL, Silkbank, and Bank Al-Falah were the volume leaders. Bata (Pakistan), Pakistan Reinsurance, Grays Of Cambridge, New Jubilee Insurance and P.N.S.C. were the major gainers while Agritech Limited, NIB Bank, Shifa Int Hospitals Ltd, Philip Morris Pak Ltd and Gharibwal Cement 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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