Karachi Stock Exchange Weekly Analysis 19 January, 2013


The Karachi Stock Exchange (KSE) benchmark witness hefty volatility, because of political turmoil and uncertainty. KSE – 100 index closed at 16,601.77 points by losing 32 points or -0.2 percent, while KSE – 30 index has reached on 13,542.20 by losing of 56 points or -0.41 percent.

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


  • The week kicked off in the aftermath of the Quetta incident which claimed over 100 lives and the Balochistan government, focus quickly shifted to the long march and sit in led by Dr. Tahir‐ul‐Qadri
  • Supreme Court order to arrest accused persons including Prime Minister Raja Pervaiz Ashraf
  • LSM (Large Scale Manufacturing) grew 6.5% YoY in Nov‐12, 2.38% in July to Nov‐2012
  • The board of directors of NML in their meeting last week approved the divestment of up to 15% of its shareholding in Lalpir Power Limited as part of divestments by the sponsors of Lalpir Power
  • IMF concerned at failure to reform power sector
  • Government faces Rs 102 billion revenue shortfall
  • Gas production increases by 4pc in 2012
  • Meezan Bank, the first and largest Islamic commercial bank, has entered into an agreement with Mashreq Bank PSC, UAE, under which Meezan Bank will earn Shariah‐compliant profit on its dollar clearing account balance held with the Mashreq Bank, according to a statement on Tuesday
  • Atlas Honda said that the new price of CD‐70, Pridor, CG‐125 and its Delux model is quoted at Rs68,000, Rs84,000, Rs98,000 and Rs118,000 as compared to Rs67,500, Rs83,000, Rs96,500 and Rs116,500 respectively
  • PSMC has decided to increase prices of its vehicles by around Rs 20,000 to Rs 25,000 per unit
  • Key upcoming result announcements include LOTPTA, FFC and EFOODS


TRG Pakistan, Fauji Cement, Pak Services, Packages Limited and Jahangir Siddiqui & Co were the major gainers while Rafhan Maize, ICI Pakistan, Murree Brewery, TPL Trakker Ltd and Bata (Pakistan) were major losers in the benchmark KSE‐100 this week.

Thank you very much for reading this article.

NOTE: The information posted in this blog (forum) is based on current affairs & investors point of view. There may be discrepancy in the ground realities.

Written by: Rana Khurram

No comments:

Post a Comment