Karachi Stock Exchange (KSE) outlook week feb 6-10 2012

Karachi Stock Exchange (KSE) outlook week feb 6-10 2012 ; the leading benchmark of the KSE, the 100 index, is 17.38 points away from 12,000 points coveted level and standing at 11,982.62 points. During the week ended on January 3, the index moved up by 22.40 points, or 0.18 percent. The KSE 30 Index increased by 41.52 points, or 0.37 percent, to 11,258.08 points last week.

The Karachi Stock Exchange (KSE) is expected to consolidate around 12,000 points threshold next week ahead of full-year financial results, particularly of banks and likely increase in foreign portfolio investment

Financial results would help the market maintain in the green territory next week, the market may consolidate around 12,000 points with an increase of 50-100 points.

As far as the monetary policy announcement by the State Bank of Pakistan (SBP) is concerned, it had become irrelevant issue for the market after inflation retuned back in the double-digit at 10.10 percent in January. And price of local POL products hiked.

the market’s direction would be determined by the monetary policy statement decision on February 11 and preliminary news flow on the potential International Monetary Fund’s (IMF) letter of comfort in the near term.For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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