Karachi Stock Exchange Weekly Review ( 24th TO 28th Oct 11)

Karachi Stock Exchange Weekly Review ( 24th TO 28th Oct 11)

Video Analysis for Karachi Stock Exchange Weekly Review ( 24th TO 28th Oct 11)

June 06, 2014

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03:28

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Karachi Stock Exchange Weekly Review ( 24th TO 28th Oct 11)

16

The market failed to make substantial gains despite strong corporate results and positive triggers, only managing to grow by 0.3% (36 points) during the week ended October 28.

There were only four trading sessions during the week after Monday was declared a public holiday and activity remained thin throughout the week as average volumes declined by 12.6% during the week.


After witnessing back-to-back declines in the first three sessions, the market recovered on Friday and climbed 2.5%, as investors flocked to purchase shares trading at attractive valuations.


Several blue chip companies announced their earnings for the quarter ended September 30 during the week. The all-important oil and gas sector was at the forefront as the Oil and Gas Development Company (OGDC) and Pakista...

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