Karachi Stock Exchange Weekly Analysis 10 July, 2011

The Karachi Stock Exchange (KSE) market was doing fine on start of week and reached at 12,576 points, but on the last session of week it falls. The Karachi Stock Exchange (KSE) 100-share index has reached 12,390.12 points by shedding 94.05 points.

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

  • Investors have serious concerns over law and order situation in Karachi
  • Political turmoil and uncertainty has really hurt sentiment of investors
  • KSE Volume was at its 10 months lowest (since September last year )
  • Investors will remain cautious in upcoming week also
  • Falling cotton prices and rising oil prices has also affected movement of KSE (Karachi Stock Exchange) index
  • Fine results are expected during upcoming results season. Especially from energy, fertiliser, and banking sectors
  • CPI (Consumer Price Index) reading comes in lower MoM at 13.13% in Jun‐11
  • Foreign Exchange reserves of Pakistan has reached up to $18.25 billion. Which is the highest value reached in history of Pakistan
  • Nestle Pakistan has declined sharply by 21 percent during the week
  • Limited foreign and local institutional interest was witnessed in the earnings announcements session, which had a negative impact on investor sentiment

Bank Of Punjab, Jahangir Siddiqui & Co, P.N.S.C, National Bank Of Pakistan, Pak. Int. Cont. Ter. Ltd were the major gainers while Nestle Pakistan Ltd, Indus Dyeing, Habib Metro Bank, Bestway Cement and Agritech Limited 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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