Saturday, July 28, 2007

KSE on a Roll

After a week of Global Equity fall world over KARACHI STOCK EXCHANGE has showed quite a resistance. On Friday 28 July, 2007

DJ Industrial closed at 13265.47 below -208.10 points
FTSE 100 6,215.20 -36.00 points
NASDAQ 100 1,956.19 -30.41 points
S&P 500 1,458.95 -23.71 points
NIKKEI 225 17,283.80 -418.3 points
Bombay Sensex 15,234.57 -541.74 points
KSE 100 13,630.50 -52.8 points

The coming week seems to be sluggish at KSE & I would advise investors to take caution in such precarious levels of Global Indices. The IPO of HBL seems to be a good opportunity to make good returns on investment after its market price increased on Friday 28-7-07 despite of bearish sentiments. The earning season is right on the corner with announcement of FFBL results down by 34% YoY

The political condition in the country has again raised concerns for investors. The blast at a small restaurant and Law & order situation at Lal Masjid in Islamabad along with Bugti's death has increased worries for political unrest in the country for another couple of days. Investors can now hope for better with the success of so called meeting of Musharraf with Benazir Bhuto which is said to take place in Abu Dhabi.

At least for now, one should book its profits & should cautiously keep an eye on opportunities the bearish sentiments will bring as the economic outlook is still on a brighter sight.

Where do u see KSE from now onwards