Video Analysis for Karachi Stock Exchange Weekly Review ( 17th TO 21st Oct 11)
May 27, 2014
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Karachi Stock Exchange Weekly Review ( 17th TO 21st Oct 11)
Strong corporate results had little effect on the market as the benchmark KSE-100 index dropped sharply by 3.9 per cent or 463 points during the week.
Concerns about Pakistan’s relationship with the United States and another reduction in fertiliser prices were the primary reasons for the market’s decline. Furthermore, foreigners continued to be net sellers which resulted in panic selling by local investors.
The week saw US Secretary of State Hillary Clinton visit Pakistan during which she pushed the government towards taking action against the Haqqani network, resulting in renewed tensions between the countries.
The fertiliser sector was again at the forefront, after Sui Northern Gas Pipelin... Read more »
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