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Karachi Stock Exchange Weekly Report (From October 09,2014 to October 10,2014)

KSEKarachi stock Exchange showed a mixed trend this week,mainly due to Eid holidays,political uncertainty and short trading session of just two days. KSE-100 index started at 30103 points on Thursday and closed at 30158 points on Friday. Its value increased by the 0.68 % from Rs 7.187 trillion to Rs 7.236 trillion. The total turnover at Karachi stock exchange was 350035210 shares  with the trading value of  Rs 1459580081 .The investors mostly  showed their interest in banking,chemical and auto industry. Following are the top gainers and losers in the week.

Top 10 Traded Companies
Company Rate *
Open Close Diff High Low Avg.
The Bank of Punjab Ltd [15,551,131,000] 8.10 8.53 0.47 8.59 8.06 8.39 23,089,500
Ghani Automobile Industries [500,000,000] 5.55 6.54 1.00 6.54 5.55 6.18 22,207,000
Dewan Farooque Motors Ltd [1,087,352,000] 9.10 9.80 1.00 9.80 8.99 9.49 12,195,000
Engro Fertilizers Limited [12,978,000,000] 55.10 56.90 1.86 57.78 54.60 56.57 9,699,500
Descon Chemical Limited [997,789,000] 3.35 4.24 0.98 4.26 3.35 3.94 7,695,500
Pak Elektron Ltd [2,949,223,000] 25.62 26.61 0.86 26.85 25.62 26.38 6,770,500
Lotte Chemical Pakistan Limited [15,142,072,000] 6.81 7.31 0.46 7.48 6.81 7.24 6,259,000
Pervez Ahmed Security. [1,865,685,000] 3.70 3.43 -0.34 3.71 3.40 3.53 6,198,000
Fauji Cement Co Ltd [13,311,158,000] 20.35 20.49 0.19 20.69 20.31 20.52 5,254,000
Pakistan International Bulk Terminal Limited [7,586,145,000] 21.72 21.80 0.24 22.15 21.50 21.94 4,992,500

According to the  trade analysts , Karachi stock exchange will continue showing a positive trend in the next week,as investors will divert their focus from Eid to serious investing in  stocks.Apart from this optimism about the market,analysts are  worried about the recent political trends,as long march has created a political standoff between the opposition and government.So government should take a lead and solve this ongoing political deadlock ,as that would be a positive sign for the Karachi stock exchange and also for the overall economy.

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About Emaad Qureshi