Karachi Stock Exchange Weekly Analysis 26 September, 2010

Karachi Stock Exchange (KSE) was unable to sustain last week’s performance and faced a bearish trading week. The Karachi Stock Exchange (KSE) 100-share index closed at 9,909.45 points by losing 143.52 points or 1.4 percent.

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

  • Analysts have told that discount rate will remain unchanged in next Monetary Policy (), but there were rumours that discount rate is expected to rise by the State Bank of Pakistan (SBP)
  • Rising inflationary trend and higher treasury bills yields witnessed last week which makes investor cautious and panic to offload their holdings and remaining investors were in wait-and-see state
  • Imposition of tax surcharge is expected to overcome loses of flood
  • External debt rises up to $55 billion
  • International cotton prices rises up to $1 per lbs, that’s why cotton companies e.g. NML, NCL etc. are in selling pressure
  • There were rumours of relaxation of the UFG targets, for which SSGC and SNGPL saw a significant jump
  • There are some uncertainties witnessed among political front, and some conflicts between government and judiciary

POL, PSO, OGDC, MCB were on top at KSE last week. Lakson Tobacco, Sui South Gas, Dreamworld Ltd., Bestway Cement and Pakistan Services were major gainers while Pakistan Telephone, Rafhan Maize, Grays of Cambridge, Mari Gas and Packages Limited were major losers

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 19 September, 2010

Although the week was little short (because of Eid Holidays), but Karachi Stock Exchange (KSE) performance was bullish, some positive factors have drive market positively. The Karachi Stock Exchange (KSE) 100-share index closed at 10,052.97 points by gaining 173.97 points or 1.8 percent.

Following news have played vital role in Karachi Stock Exchange (KSE) index movement:
  • SECP (Securities and Exchange Commission of Pakistan) has approved MTS (Margin Trading System)
  • Relaxation by the EU (European Union) on Pakistan’s export
  • Executive Board of IMF (International Monetary Fund) has confirmed to provide $451 million funding under the Emergency Natural Disaster Programme for Pakistan
  • Rise in global oil prices ($78 per barrel) and renewed foreign interest in oil and gas
  • Government of Pakistan has announced to implement the reformed GST (General Sales Tax) from 1st October, 2010 and soaring domestic debt kept investors cautious and sidelined
POL, OGDC, ENGRO, MCB, PPL, LOTPTA, TRG, JSCL, NPL, AHSL, and NBP were on top 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 5 September, 2010

Karachi Stock Exchange (KSE) performance was well and closed in green zone. The Karachi Stock Exchange (KSE) 100-share index closed at 9,703.06 points by gaining 104.35 points or 1.08 percent.

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

  • As foreign aid is arriving from IMF, WB, Friends of Pakistan etc. so upcoming days are looking positive. But next week will be very short, because of Eid holidays (10 – 13 September, 2010)
  • World bank has increased aid from $900 million to $1 billion for flood victims in Pakistan
  • Terrorist activities, flood and political turmoil has really hurt the sentiments of investors
  • The meeting for the expected resolution of MTS (Margin Trading System) is inconclusive and uncertain
  • Oil & Gas sector has out performed while banks were major losers
  • Nice results from Indus Motors and KAPCO were announced last week, which were according to market expectations
  • Foreign Portfolio Investors have bought shares of worth $8 million

POL, OGDC, ENGRO, PSO, MCB, Lotte Pakistan, DGKC, JSCL were on top 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