Dec 22 - 28, 2003  
ISSUE # 51  

Electronics market in Pakistan has long remained a seller's market offering little, or no choice to the buyers particularly in term of price and product. It has also been dominated by imports with little or negligible share of locally assembled products specifically televisions, air conditioners and the whole range of home and kitchen appliances. All that has changed, and is still in the process of changing to the point where a buyer can purchase a split air conditioner at less than one-third the price three years ago.





Workers home remittances which played a key role in developing a strong foreign exchange reserves by contributing a historic figure of $4.2 billion during 2002-03 fiscal, showing a declining trend during the current financial year.


Over the last few months the KSE-100 index has been registering full of surges in the intra day movement. While this behavior can be attributed to a number of factors, some analysts say that the market is in complete grip of speculators, led by some brokers. During this period shares of some of the low cap companies, even offering hardly any dividend yield, have attained a large percentage in daily trading volume.