Karachi Stock Exchange Weekly Analysis 19 June, 2011

The Karachi Stock Exchange (KSE) market trend was bearish and closed on negative zone. The Karachi Stock Exchange (KSE) 100-share index has reached 12,361.31 points shedding 16.46 points.

Following news have played vital role in Karachi Stock Market index movement:
  • Pakistan’s Ambassador to China Masood Khan on Saturday said Pakistan was expecting record cotton production of over 15 million bales in the 2011-12 crop year as farmers were sowing in a wider area after domestic prices doubled a year ago
  • Textile companies could come under focus as Pakistan tries to win duty-free access to US markets for its textile exports
  • Global capital markets taking plunge, in absence of any positive triggers, investors have serious concerns and they are very cautious in investing throughout the week
  • PPL to announce early dividend (on 21 June, 2011), hopes of revision in profit margins of OMCs (Oil Marketing Companies) e.g. PSO, Shell, Attock Petroleum etc. by 32 – 37 percent, have encouraged investors to invest
  • International oil prices are continuously falling, the recovery of these prices could ignite activities at KSE (Karachi Stock Exchange)
  • According to experts, ENGRO will take a hit because of continuous concerns about gas supply to its new plant, and whenever ENGRO loses other fertilizer shares will gain
  • Nishat Group announced the IPO of its stake in Pakgen Power Limited
  • Twin blasts in peshawer, law and order situation in country have really hurt the sentiments of investors
Nestle Pakistan, Atlas Bank, Colgate, Indus dyeing, Millat Tractors were the major gainers while Adamjee Insurance, Rafhan Maize, Atlas Honda, Philip Morris, Fazal Tex 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 12 June, 2011

The Karachi Stock Exchange (KSE) market trend was bullish and closed on positive note. The Karachi Stock Exchange (KSE) 100-share index has reached 12,377.77 points increasing 141.11 points or 1.15 percent. The Karachi Stock Exchange (KSE) 100-share index has also crossed 12,400 points psychological level during last week.

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

  • Although, there was no positivity regarding CGT (Capital Gain Tax) as per expectations, however the federal budget seemed positive for corporate sector as well as cement as a whole
  • The tax on incomes of banking sector has not been increased, so banking sector was favourite amongst investors
  • Investors have also show n interest in oil refineries, which also remain unaffected by the budget
  • Fertilizer (rise in prices of fertilizer) and cement sector have also shown some positive activities. Because government has reduced federal duty on cement, and it is also widely used for constructions during summer throughout the country.
  • International oil prices gets high, so OGDCL and PPL have performed well. POL (Pakistan Oil Fields) have also performed well because it has also hit oil and gas reserves in one of the blocks(domail block) in Khyber Pakhtunkwa
  • China's three Gorges project corporation has proposed hydro power scheme (Indus dam scheme) to Pakistan (Investing $15 billion) aimed to control floods and address electricity shortages
  • WAPDA plans up-gradation of 1000 MW Mangla power

Sui Northern Gas Ltd, Bata (Pakistan), Media Times Limited, Bank Of Punjab and Fatima Fertilizer Co Ltd were the major gainers while Attock Refinery, Soneri Bank, Lafarge Pakistan, Gharibwal Cement and Grays Of Cambridge 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