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Top 5 stock picks of the week (Karachi stock Exchange)

karachi stock ExchangeKarachi stock market showed a upward movement this week as Karachi Stock Exchange-100 index jumped 553 points, mainly due to local buying and  improved political situation. Karachi Stock Exchange-100 index started at 30377 points on Wednesday and closed at 30930 points on Friday. Its value increased by  1.8 % during the week.After seeing numerous ups and downs in the Karachi stock market,investors are really confused about picking most appropriate and profitable stocks to invest next week.To make their decision easier ,we have made a list of top 5 stock of the weeks.

(1) NML (Nishat Mills)

As investors are expecting supportive Textile policy from the Pakistani government, so investors are taking special interest in the textile sector shares .If we talk about the NML (Nishat Mills),its share increased by Rs 9.55 last week. Its stock  showed a  steady growth in whole week.This stock is a very good investment  for the people who want to invest on short term .It is expected that its price will cross the Rs 122 mark in next ten days time.So market analyst are asking stock investors to hold this stock for at least next ten days  to get maximum benefits .

(2) EFoods(Engro Foods)

Efoods(Engro foods) has shown a very good performance ,as its share appreciated by Rs 0.83 in last week.This stock is a very good investment  for the people ,who want to invest on short term .It is expected that its price will cross the Rs 102 mark in next week.So market analyst are asking stock investors to hold this stock for at least one more week to reap its benefits.

(3)FECTC (Fecto Cement)

FECTC (Fecto Cement) is a very good script for short term stock investors,as its price increased  by Rs 7.45 in last week.It is a good investment for the investors.It is expected that its price will move between Rs 55 and Rs 64,eventually reaching Rs 65 in coming week.So market analyst are advising stock investors to hold this stock for at least one more week to earn maximum income from this script.

(4) NCL (Nishat Chunian)

We have included this script in our list, because investors are very optimistic about upcoming textile policy and there are lots of positive news about this script .Its price increased Rs  3.10 last week.It is a good investment for the  short term investors,because it is expected that its price will rise more within next two weeks.It is expected that its price will cross  Rs 52 mark in next two weeks.So market analyst are advising stock investors to hold this stock for at least two more weeks to earn maximum income from this script.

(5) KOHC (Kohat Cement Limited)

KOHC (Kohat Cement Limited) is a very good script for short term stock market investors,as its price  increased by Rs 6.77 in last week.It is a good investment for the  stock investors,because it is expected that its price will rise more within next two weeks .It is expected that its price will easily touch Rs 145 mark. So market analyst are advising stock investors to hold this stock for at least f two more weeks to reap its benefits.

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About Emaad Qureshi