Karachi Stock Exchange Weekly Analysis 22 May, 2011

The Karachi Stock Exchange (KSE) market has managed closed on positive note. The Karachi Stock Exchange (KSE) 100-share index has reached 11,973.38 points increasing 6 points or 0.05 percent.

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

  • Brokers have seek the help from President Asif Ali Zardari for tax-related issues. They will meet on Monday in the Award Ceremony of Best companies
  • Average volume in Karachi Stock Exchange (KSE) have been dropped by 33 percent and stood to 46 million shares, which is the lowest since last nine months
  • The value of Pak Rupee has been seriously depreciated against US$. Which has affected the sentiments of foreign portfolio investors
  • Visit of Prime Minister Yousaf Raza Gilani to china has also affected economy positively
  • Sui Northern Gas Pipeline (SNGPL) has cut the supply of gas to new fertilizer plant of ENGRO
  • Investors have uncertainty over upcoming budget implications and Monetary Policy by State Bank of Pakistan (SBP)
Lotte Pakistan PTA, JSCL, Silkbank, and Bank Al-Falah were the volume leaders. Bata (Pakistan), Pakistan Reinsurance, Grays Of Cambridge, New Jubilee Insurance and P.N.S.C. were the major gainers while Agritech Limited, NIB Bank, Shifa Int Hospitals Ltd, Philip Morris Pak Ltd and Gharibwal Cement 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 15 May, 2011

The Karachi Stock Exchange (KSE) market has closed on positive note. KSE market 100 – index has also crossed the threshold of 12,000 points this week. The Karachi Stock Exchange (KSE) 100-share index has reached 11,967.35 points increasing 87.39 points or 0.73 percent.

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

  • According to analysts the Karachi Stock Exchange (KSE) will continue to disturb investors in upcoming weeks, because investors have some serious concerns over new taxes in upcoming budget
  • In last week investors have showed interest in Lotte Pakistan PTA, JSCL, ANL and OGDCL
  • There is uncertainty about the future of Pakistan and US relationships
  • Oil prices have fallen, which made oil and gas sector to under perform
  • There are news of positive increase in fertilizers in the light of gas curtailment issue, which showed positive momentum on fertilizer and chemical sector
  • Strong corporate profitability has reignites interest
  • The total exports of Pakistan has reached up to $20 billion, while remittances stood at record high $9.05 billion, as per data collected at the end of April
  • China has announced some critical investment decisions ($15 billion), in the form of investment in Thar Coal as well as increasing overall trade
  • ENGRO has purchased the US firm’s food business, Al- Safa Halal

Jahangir Siddiqui & Co, Gharibwal Cement, Pakistan Reinsurance, E.F.U. Life Assurance and NIB Bank were the major gainers while Grays Of Cambridge, New Jubilee Insurance, Habib Metro Bank, Kohinoor Energy and Pak Cables 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 1 May, 2011

The Karachi Stock Exchange (KSE) market trend was bullish and market has closed on positive note. KSE market 100 – index has also crossed the threshold of 12,000 points this week. The Karachi Stock Exchange (KSE) 100-share index has reached 12,057.54 points increasing 103.17 points or 0.86 percent.

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

  • Investors are looking for the profit booking in next week, as the corporate result season has also reached to end
  • Investors have also some concerns on coming budget which is expected to be a tax-laden one
  • FBR (Federal Board of Revenue) is planning to increase the maximum tax rate of salaried persons from 20 to 25 percent
  • President signs law to protect foreign investment
  • Foreign buying have also increased in Oil, Banking and Fertilizer sectors
  • International oil prices have reached up to $125 per barrel
  • Next tranche of IMF (International Monetary Fund) of worth $981 is expected to be released early
  • Federal Government (PPP) has made political alliance with PML-Q
  • Pakistan and India agreed to eliminate restrictions on cross border trade whereas Pakistan offered Most Favourite Nation (MFN) status to India if it successfully removes non tariff barriers to trade
  • Gas supply to Engro plant's was restored which was previously stopped by SNGPL
  • Power shortfall is expected to reach up to 8,000 MW

Clariant Pak, New Jubilee Insurance, Murree Brewery, Lotte Pakistan PTA and Colgate Palmolive were the major gainers while Azgard Nine, Bank Of Punjab, Pak Elektron Limited, Gharibwal Cement and Jahangir Siddiqui & Co 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