Karachi Stock Exchange Weekly Analysis 26 December, 2010

In Karachi Stock Exchange (KSE), index performance was bullish. The Karachi Stock Market has crossed the psychological level of 11,800, and according to experts it will cross 12,000 milestone soon. The Karachi Stock Exchange (KSE) 100-share index closed at 11,858.17 points by gaining 72.08 points or 0.60 per cent.

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

  • Market opened with positive activities following the Chinese PM’s visit
  • Rising cotton prices has boosted Textile sector especially NML and NCL
  • Ministry of Finance has given the payment of Rs. 35 billion to PSO (Pakistan State Oil)
  • International Oil prices are increasing continuously
  • In upcoming week limited foreign activities will be witnessed because of holiday season
  • Little political turmoil was also seen between government and its key coalition partners
  • Urea prices have been increased by Rs. 190 per bag. And new fertilizer plant of ENGRO is expected to attain commissioning in 2nd week of January, 2011
  • Pakistan seeks delay in SBA program by the IMF for further 9 months due to non implementation of key tax reforms

POL, PSO, NBP, ENGRO, NML, Lotte Pakistan, Azgard NINE, Bank Al Falah were on top last week. Unilever Food, Colgate Pak, Rafhan Maize, Dreamworld limited, Pak Services were the major gainers while Nestle Pak, Siemens Engg, Indus Dyeing, Unilever Pak, Pak Engg were majo losers 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 19 December, 2010

In Karachi Stock Exchange (KSE), index performance was bullish. The Karachi Stock Market has crossed the psychological level of 11,700 after 29 months. The Karachi Stock Exchange (KSE) 100-share index closed at 11,786 points by gaining 166 points.

Following news have played vital role in Karachi Stock Market index movement:
  • Institutional, Foreign Portfolio and local investor’s buying in blue chips (Oil & Gas, Banking etc.) has supported market
  • Highest foreign investment (since 1 September, 2009) of worth $19.5 million in a day was also witnessed
  • There were only three sessions of market because of Muharram Ashura Holidays
  • Government’s success in ensuring security during month of Muharram has created confidence of investors
  • Visit of Chinese Prime Minister (Wen Jiabao) and his agreements of worth more than $30 billion will create long term positive effects in Pakistan’s economy
  • International Oil prices have increased
  • A clash was witnessed between government and JUI (Jamiat Ulma-e-Islam)
  • BP(British Petroleum) has accepted offer from UEG (United Energy Group) for purchase of its assets in Pakistan for $775 million
Lotte Pakistan, Jahangir Siddiqui, Lafrage Pakistan, Nimir Inds, Dewan Salman were the volume leaders. Unilever Pak, Bata Pak, Rafhan Maize, Indus Dyeing, Nestle Pak were major gainers while Siemens Engg, Pak Engg, Colgate Palmolive, Unilever Foods were the major losers of 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 12 December, 2010

In Karachi Stock Exchange (KSE), index performance was bullish. The Karachi Stock Market has crossed the psychological level of 11,600 after 127 weeks. The Karachi Stock Exchange (KSE) 100-share index closed at 11,620.16 points by gaining 213 points or 1.87 percent.

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

  • Institutional buying and renewed foreign interest in blue chips has supported market
  • International Oil prices have increased and reached $90 per barrel, which is highest value since last two years. That’s why PPL, POL, PSO etc. were the star performer of the week
  • Bids of OGDC and PPL to buy British Petroleum Pakistan has been rejected
  • Increase in energy prices, spillover effect of the flood has increased inflation rate up to 15.48 percent which is highest since last 18-months
  • WTO (World Trade Organization) has rejected to give concession on export duty free for Pakistan from the EU (European Union)
  • Age limit for the used cars for import has been increased to five years. Which has adversely affected the automobile sector
  • SBP (State Bank of Pakistan) has granted license for Sindh Bank

POL, PSO, NBP, NML and ENGRO were top five scrips of last week. KESC, WorldCall Telecom, Nestle Pakistan, Lafarge Pakistan and Security Paper were major gainers while Jahangir Siddiqui & Co., Royal Bank, Azgard Nine, TRG Pakistan Sui South Gas were major losers at Karachi Stock Market 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

Companies Results (December 10 Update)

PANAGRIO SUGAR MILLS LTD (PNGRS)
Profit/Loss: (24.63)
EPS: 6.95
Bonus/Dividend: 10%

EXIDE PAKISTAN (EXIDE)
Profit/Loss(in million): 72.59
EPS: 21.18
Bonus/Dividend: NIL

ATLAS HONDA (ATLH)
Profit/Loss(in million): 206.68
EPS: 3.89
Bonus/Dividend: NIL

HONDA ATLAS CAR (HCAR)
Profit/Loss(in million): (55.57)
EPS: (1.10)
Bonus/Dividend: NIL

WATEEN TELECOM (WTCL)
Profit/Loss(in million): (317.5)
EPS: N/A
Bonus/Dividend: NIL

THE RESOURCE GROUP OF PAKISTAN (TRG)
Profit/Loss(in million): (1.4)
EPS: N/A
Bonus/Dividend: NIL

HUFFAZ SEAMLESS PIPE (HSPI)
Profit/Loss(in million): 21.96
EPS: N/A
Bonus/Dividend: NIL


HUFFAZ SEAMLESS PIPE (HSPI)
Profit/Loss(in million): 21.96
EPS: N/A
Bonus/Dividend: NIL

Karachi Stock Exchange Weekly Analysis 5 December, 2010

In Karachi Stock Exchange (KSE), index performance was bullish continuously, consistently and constantly. The Karachi Stock Market has crossed the psychological level of 11,400 points and climbed up to 31 - month’s (since July, 2008) high level. The Karachi Stock Exchange (KSE) 100-share index closed at 11,407 points by gaining 264 points or 2.4 percent.

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

  • Strong buying was witnessed by foreign portfolio investors, in blue chips especially in Banks, Oil & Gas sector and record earning outlook
  • International oil prices are increasing continuously and reached over $88 per barrel
  • OGRA (Oil and Gas Regulation Authority) reduces refinery, OMC margins
  • Bullish activities were also witnessed in global capital markets on economic optimism
  • SBP (State Bank of Pakistan) has announced third consecutive 50 basis point hike in discount rate in monetary policy
  • Release of next IMF tranche and RGST (Reformed General Sales Tax) approval will set the direction Karachi Stock Market in next week
  • Currently KSE market is ignoring the disclosure of WikiLeaks, but it can affect market movement in upcoming days
  • Fertilizers gained on better October sales with Fauji Fertilizer Bin Qasim outperforming the market by 1.74 percent and ENGRO by 0.65 percent

NML, POL, PSO, NBP and ENGRO constituted 76 percent of the total market. KASB Bank, PICIC Growth Fund, Pakistan Refinery, DG Khan Cement and East West Insurance were major gainers while Media Times, Pakistan Telephone, Lakson Tobacco, Colgate Palmolive and Sui South Gas were major losers at Karachi Stock Market 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