Karachi Stock Exchange Weekly Analysis 31 July, 2011

The Karachi Stock Exchange (KSE) market has witnessed a bearish trading week and closed on a negative note. The Karachi Stock Exchange (KSE) 100-share index has reached 12,190.37 points by the increment of 286 points or 2.3 percent.

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

  • SBP (State Bank of Pakistan) has cut interest rate (after 21 months) to 13.5 percent in monetary policy. According to analysts, it will boost trading trend in upcoming weeks
  • Political turmoil and disturbance between government and Supreme court (over restoration of establishment division secretary ) is increasing
  • Law and order situation throughout the country has made investors cautious and panic
  • Investors have serious concerns of US debt issue which might result in discontinuation of aid for Pakistan
  • Rising circular debt in energy sector, and uncertainty in global capital and commodity markets has also adversely affected the sentiments of investors
  • Forex reserves has reached up to $18.3 billion, which is the highest level in history
  • Pakistan government is planning to issue licenses for 3G(third Generation) mobile telecom in October 2011
  • Petroleum prices are likely to increase by Rs. 1.15 per litre in August, 2011
  • Value of Pakistani Rupee has reached another record low value
  • MCB, UBL, FFBL, FFC and few other companies has announced their results. While KAPCO, PSO, Lucky Cement, ABL, PPL, and EFL are likely to announce in upcoming week
  • Inflation is increasing continuously and consecutively (for last nine weeks)

Nestle Pak, Exide Pak, Nadeem Tex, Bhanaro Tex, Blessed Tex, Grays Of Cambridge, Agritech Limited, Atlas Honda, Security Paper Limited and Pak Cables were the major gainers while Unilever foods, Siemens Engg, Rafhan Maize, Pak Oilfield, Unilever Pak, Gharibwal Cement, Pakistan Tobacco Company, Lafarge Pakistan Cement Ltd, Jahangir Siddiqui & Co and Dawood Hercules were 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

1 comment:

  1. Check out http://marketspost.com/ a research aggregator for the Karachi Stock Exchange.