KSE 100-share index recomposed: Dawn

KARACHI: The Karachi Stock Exchange (Guarantee) Limited has recomposed KSE 100-Index, effective from April 1, 2010.

According to KSE 11 companies, namely Security Papers Ltd, Pakistan Cables, TRG Pakistan, Murree Brewery Company, PEL, Grays of Cambridge, Shifa International, PACE Pakistan, NetSol Technologies, Pakistan Telephone Cables and Clariant Pakistan have been included in the Index.

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Local bourse breaches 10,000 points barrier: GEO

KARACHI: Bulls grew further strong Friday leading the local equities market beyond the psychological barrier of 10,000 points – a level witnessed by the Karachi Stock Exchange (KSE) after a period of 19 months.

Upbeat activity continued at the share market right from the beginning of the first session and pushed through till the end of the second session on the last trading day of the week.

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Citywire: High hopes for Pakistan fund but beware the high risks : Telegraph

By Matt Goodburn

Last Updated: 12:56am BST 11/06/2008

Global markets have been battered in the past few months due to the credit crisis, but investors could consider a new fund investing in Pakistan, to be run by specialist Asian investment house Dalton Strategic Partnership (DSP).

London-based DSP is launching the first Pakistan– focused equities fund for British investors on June 19 in a joint venture with Karachibased KASB, a financial services company established in 1952 and five per cent owned by Merrill Lynch.

Until a month ago, Pakistan had been a relatively safe haven from global market turmoil, not least in India, which has attracted a lot of interest from British investors. In the year to the end of April, the Karachi Stock Exchange (KSE) returned 7.4 per cent, comparing favourably to many other indices.

For example, the Indian Sensex had a 15 per cent slump, the FTSE 100 a six per cent fall, and the US Dow Jones a four per cent drop over the same period. But in May the KSE had a 20 per cen fall, which DSP said it had been expecting after its recent good run.

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Using MCB Bank to Leverage Political Crisis in Pakistan: Seeking Alpha

J. Christoph Amberger

To leverage political crisis in Pakistan, use MCB Bank ADRs (MCBBI.PK), Pakistan’s most profitable bank. It has a return on average equity of 38 percent and loan profitability of 8 percent. The bank has a market share of 8 percent in terms of assets. It has 1,026 branches across the country and more than 4 million customers.

Baltimore — [TFN]: Pakistani stocks have fallen to their lowest level in almost 14 months on rumors involving political instability surrounding President Pervez Musharraf potential resignation. It also didn’t help that militant Islamists blew up the Danish embassy. Six Pakistani civilians were sacrificed to avenge the perceived blasphemy committed by Danish cartoonists two years ago.

The Karachi Stock Exchange’s 100-share index has dropped to lows not seen since early April, 2007, losing about 25 percent or nearly 3,000 points from a record high in April. The Pakistani rupee has lost more than 10% of its value during the last two weeks, while the Pakistani trade deficit has exceeded $10 billion, due to rising oil prices.

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