Karachi Stock Exchange Weekly Analysis 19 June, 2011

The Karachi Stock Exchange (KSE) market trend was bearish and closed on negative zone. The Karachi Stock Exchange (KSE) 100-share index has reached 12,361.31 points shedding 16.46 points.

Following news have played vital role in Karachi Stock Market index movement:
  • Pakistan’s Ambassador to China Masood Khan on Saturday said Pakistan was expecting record cotton production of over 15 million bales in the 2011-12 crop year as farmers were sowing in a wider area after domestic prices doubled a year ago
  • Textile companies could come under focus as Pakistan tries to win duty-free access to US markets for its textile exports
  • Global capital markets taking plunge, in absence of any positive triggers, investors have serious concerns and they are very cautious in investing throughout the week
  • PPL to announce early dividend (on 21 June, 2011), hopes of revision in profit margins of OMCs (Oil Marketing Companies) e.g. PSO, Shell, Attock Petroleum etc. by 32 – 37 percent, have encouraged investors to invest
  • International oil prices are continuously falling, the recovery of these prices could ignite activities at KSE (Karachi Stock Exchange)
  • According to experts, ENGRO will take a hit because of continuous concerns about gas supply to its new plant, and whenever ENGRO loses other fertilizer shares will gain
  • Nishat Group announced the IPO of its stake in Pakgen Power Limited
  • Twin blasts in peshawer, law and order situation in country have really hurt the sentiments of investors
Nestle Pakistan, Atlas Bank, Colgate, Indus dyeing, Millat Tractors were the major gainers while Adamjee Insurance, Rafhan Maize, Atlas Honda, Philip Morris, Fazal Tex 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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