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Drowning in credit debt?

Karachi Stock Exchange Weekly Report (From October 13,2014 to October 17,2014)

karachi stock ExchangeKarachi stock Exchange showed a downward slide  this week,mainly due to latest slide in oil prices,political uncertainty and profit taking by the investors. KSE-100 index started at 30158 points on Monday and closed at 29883 points on Friday. Its value decreased by the 0.9% from Rs 7.236 trillion to Rs 7.1708 trillion. The total turnover was 1081373590 shares  with the trading value of  Rs 47828505600 .The investors mostly  showed their interest in banking,cement and auto industry.

 

Following are the top gainers and losers in the week at Karachi Stock exchange.

Top Ten
Top 10 Traded Companies
Company Rate *
Open Close Diff High Low Avg.
Pakistan Telecommunication Ltd (A) [37,740,000,000] 22.70 22.15 -0.93 22.70 21.93 22.01 22,163,500
Ghani Automobile Industries [500,000,000] 7.06 6.41 -0.65 7.19 6.30 6.64 13,513,500
Pervez Ahmed Security. [1,865,685,000] 3.75 3.62 0.02 3.90 3.60 3.74 8,147,000
Dewan Farooque Motors Ltd [1,087,352,000] 10.42 10.10 -0.18 10.51 9.81 10.13 4,628,500
Jahangir Siddiqui & Co Ltd [7,632,853,000] 10.25 10.07 -0.03 10.47 10.04 10.25 4,590,000
Maple Leaf Cement Factory Ltd [5,277,339,000] 28.60 28.55 0.13 28.95 28.46 28.71 4,457,500
Avanceon Limited [1,056,993,000] 28.77 28.33 0.21 28.90 27.62 28.38 3,749,000
Pakistan International Bulk Terminal Limited [7,586,145,000] 23.01 23.64 1.12 23.64 22.90 23.38 3,669,000
Lafarge Pakistan Cement Ltd [14,561,090,000] 16.80 16.64 -0.06 16.90 16.60 16.72 3,610,000
Kohinoor Textile Mills Ltd [2,455,262,000] 23.75 25.15 1.19 25.15 23.75 24.98 3,177,000

 

Following important news affected the stock market during the week.
(i) Tariff structure of the auto industry revised and duty also reduced for the auto industry

(ii) IMF  hints  at  releasing additional $1.1 billion to Pakistan in the month of December this year.

(iii) Petroleum prices reduced in Pakistan

Stock analysts are expecting a positive trend at Karachi stock exchange  in next week.It is expected that auto industry and banking sector will attract maximum investment from the investors. So investors should hold their investments in these sectors,as prices will rise  throughout the week.On the other hand,more selling will take place in the oil and gas sector,as investor are looking to decrease their investments in these sectors.

Government should also play its role in solving the political uncertainty,as it will help in creating suitable environment for the stock investment and will also attract more investments at the Karachi stock exchange.

 

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About Emaad Qureshi