Karachi Stock Exchange Weekly Analysis 4 February, 2012

The Karachi Stock Exchange (KSE) market movement was sluggish and dull in last week. KSE – 100 index has reached 11,982 points by gaining of 22 points or 0.19 per cent. Despite strong corporate results, market index has moved meagrely. Average volumes however diminished to 92mn shares, down 37% WoW, while average traded value decreased by 30% to $52 million.

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

  • Supreme court has moved to initiate contempt proceedings against Prime Minister over non implementation of the NRO verdict. Which can increase the heat and friction in political fronts
  • Leading blue chips has announced exciting set of corporate results
  • WTO (World Trade Organization) has approved the trades packages for Pakistan, which can allow Pakistan tariff free exports of 75 products to European Union. It can boost the textile exports of Pakistan
  • Individuals allowed to act as financier in MTS
  • Decision to issue Rs160bn worth of TFCs to clear circular debt
  • Kuwait extends USD40mn for Neelum-Jehlum power project
  • CPI inflation jumps to double digit, clocks at 10.10% in Jan-12
  • Urea production falters by 5% YoY in CY11
  • Domestic debt crosses Rs7trn mark, up 28%YoY
  • FFC announced above expected earnings and stock dividend
  • Government has increased oil and gas prices up to new high levels
  • Faulty Compressors wreck Qadirpur field project
  • In upcoming week result announcements especially PSO, HUBCO etc. will trigger market in positive direction

Pak Telephone, Jahangir Siddiqui & Co, J.D.W Sugar, Indus Dyeing and Bestway Cement were the major gainers while International Industries, Silkbank Limited, IGI Insurance, P.I.A.C. (A) and K.E.S.C. 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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