Karachi Stock Exchange Weekly Analysis 21 Aug, 2011

The Karachi Stock Exchange (KSE) market has witnessed a bearish trading week for the fourth consecutive week. KSE – 100 index has reached 10,879.82 points by shedding of 382.22 points or 2.67 per cent.

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

  • Global Capital Markets have plunged over European and US debt concerns
  • Law and Order situation become worst in Karachi
  • Average daily volumes plunged by 49 percent to 36 million shares over the previous week as all major stocks, including Oil and Gas Development Company Limited (OGDCL), shed value
  • Issue of Marketing margins and incidentals on ex-refinery prices of Oil refinery companies and Refineries sector, has been resolved
  • Investors have fear, that foreign funds are slowly transferring from KSE to commodities
  • A few stocks offer dividend yield of more than 14 percent. Fauji Fertilizer Company (FFC), Fauji Fertilizer Bin Qasim Limited (FFBL), National Bank of Pakistan (NBP) and Hub Power Company (Hubco) are among the shares offering such a yield
  • Pak Rupee has reached the lowest value as compared to US$
  • Gold has reached up to record highest level in history
  • Food Import bill gets up by 28 per cent

Rafhan Maize, P.N.S.C., P.I.A.C. (A), Pak. Int. Cont. Ter. Ltd. and Al‐Ghazi Tractors were the major gainers while Millat Tractors, Dawood Hercules, Engro corporation, Azgard Nine and Security Paper 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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