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Karachi Stock Market Weekly Report (From 21st September 2014 to 25th September 2014)

KSEKarachi stock market showed a very poor performance this week,as KSE-100 index fell 310 points and lost more than 1% value.KSE-100 index opened at 30015.8 points and closed at 29705 points.According to the financial analysts poor performance is mostly due to the political instability,profit taking,deteriorating law-order situation  and upcoming Eid festival .If we talk about top performing companies ,following is the detail of the major performers this week.

 

 

 

Top performers of the week

Nishat (Chunian) 40.79 -2.14 -4.98% 17,878,000
 Lafarge Pak. 16.77 0.10 0.60% 14,298,000
 Telecard Limited 4.17 0.17 4.25% 8,770,500
 Pak Elektron Ltd 27.19 -1.20 -4.23% 7,122,500
 P.I.A.C.(A) 6.04 0.16 2.72% 4,491,000
 D.G.K.Cement 79.44 -1.54 -1.90% 4,219,500
 Pervez Ahmed 3.38 0.04 1.20% 3,578,500
 K-Electric Ltd. 7.66 0.02 0.26% 3,260,500
 Avanceon Ltd 27.02 -0.27 -0.99% 3,087,000

Following are the important things that will dictate the market performance in the coming  week

(i) Eid festival is coming in next week

(ii) Cautious behavior of the investors due to ongoing political crisis in the country

(iii) Government’s plan to sell OGDCL shares in the market for the general public

(iv) Constant discount rate policy of the state bank

 

It seems that political uncertainty will continue in the next week too,so financial analysts are expecting a mixed week for the investors and the stock market.

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About Emaad Qureshi