Karachi Stock Exchange Weekly Analysis 20 June, 2010

Karachi Stock Exchange (KSE) has performed well last week and closed in green zone. The Karachi Stock Exchange (KSE) 100-share index closed at 9,645.71 points by increment of 174.59 points or 1.8 percent.

Following news have played vital role in Karachi Stock Exchange (KSE) index movement:

  • Expectations of resolution of CGT issues, quarterly fillings of CGT to be exempted for small investors

  • Prime minister of Pakistan (Yousaf Raza Gilani) has approved Rs. 42 billion for PSO (Pakistan State Oil) financial relief on circular debt issue

  • International Oil prices rises and reached up to $76 per barrel

  • International Stock Market has also revived

  • Pakistan and Iran has finalized the Gas Pipeline deal

  • HUBCO removed from KMI 30 – index

  • Power tariffs may be raised 9% in July

  • Faysal Bank has acquired RBS (Royal Bank of Scotland) Pakistan for Rs 4.2 billion

  • E&P sector was major out performer, Lotte Pakistan, OGDCL, DGKC, JSCL were volume leaders. PIA, Colgate Palmolive, Royal Bank, Pakistan Tobacco and Bestway Cement were major gainers while Atlas Honda, Gharibwal Cement, KESC, Shifa Int.Hospital and IGI Insurance 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

    Karachi Stock Exchange Weekly Analysis 13 June, 2010

    Karachi Stock Exchange (KSE) is continuously under pressure, facing a bearish trend. The Karachi Stock Exchange (KSE) 100-share index closed at 9,471.12 points by decreasing 166 points or 1.7 percent.

    Following news have played vital role in Karachi Stock Exchange (KSE) index movement:

    • Investor’s concerns and confusion in implementation of CGT (Capital Gain Tax) and lack of investment/liquidity

    • Limited institutional interest, and profit taking (on declining oil prices) by institutions

    • local investors are not interested in long term investments

    • Selling pressure from Foreign Portfolio Investors

    • Delay in implementation of Margin Financing Product

    • There is still no official announcement regarding resolution of circular debt issue in Pakistan’s Energy sector

    • Reformed GST (General Sales Tax) i.e. VAT (Value Added Tax) is supposed to implement from 1st October, 2010. And IMF has concerns about delaying implementation of VAT

    • Political turmoil, Target killing, Law & Order situation in country

    OGDC, BAFL, POL, ENGRO, DGKC, Lotte Pakistan and BOP were volume leaders. Banks, Fertilizers and Cement (DGKC, LUCKY) have outperformed while Telecom, Oil & Gas were underperformers. Pakistan Telephone, Unilever Pakistan Foods, Rafhan Maize, Gharibwal Cement and KESC were major gainers while Bestway Cement, KASB Bank, Siemens Engineering, Al-Ghazi Tractor, Faysal Bank 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

    Karachi Stock Exchange Weekly Analysis June, 5, 2010

    Karachi Stock Exchange (KSE) index have witnessed bearish activities throughout the week and recovered a little bit. KSE – 100 index has closed at 9,636.88 points while KSE – 30 index has closed at 9,607.42 points.

    Following news have played a vital role in movement of Karachi Stock Exchange (KSE):

    • Investors are desperately looking for triggers in upcoming budget 5 June, 2010
    • Investors have concerns on implementing VAT, CGT, Power tariffs hike, that’s why they were seem to be very careful during this week
    • Terrorist activities, law and order situation in country
    • Energy crisis increased, Lack of electricity, water and gas are adversely and continuously affecting country’s economy

    OGDC, BAFL, POL, ENGRO and DGKC were leading market. Oil and Fertilizer sector have also drove market positively.

    LOTPTA, JSCL, AHSL were volume leaders.