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Weekly Karachi Stock Market Report (From 18 August 2014 to 24 August 2014)

Karachi stock Exchange showed a mixed trend mostly due to political instability and investor distrust on the government. The KSE-100 Index started on 28918 points and ended on the 28872 points which means it lost 46 points during the volatile week.The worst trading day was Tuesday when the index dipped 222.03 points,mainly due to very negative approach of the government towards solving the political crisis.Following are the main gainer and loser companies of the week as far as Karachi stock exchange is concerned.

Top gainers of the week

Company Rate *
Open Close Diff High Low Avg.
Rafhan Maize Products Ltd [92,364,000] 10,950.00 10,975.50 250.50 11,150.00 10,801.00 10,979.33 120
Nestle Pakistan [453,496,000] 7,500.00 7,500.00 220.00 7,500.00 7,500.00 7,500.00 20
Wyeth Pakistan Ltd [142,161,000] 3,051.61 88.88 3,051.61 3,051.61
Murree Brewery Co Ltd [230,530,000] 980.00 979.50 40.00 980.00 979.00 979.50 40
Exide Pakistan Ltd [77,686,000] 808.00 808.20 36.16 810.64 775.00 808.86 15,300
Philip Morris (Pakistan) Limited [615,803,000] 514.00 514.00 23.22 514.00 514.00 514.00 50
Indus Dyeing & Manufacturing Co [180,737,000] 688.99 699.03 19.03 699.03 688.99 694.01 100
Pakistan Int. Container [1,091,532,000] 270.00 270.00 10.00 270.00 270.00 270.00 100
Sanofi-Aventis Ltd [96,448,000] 680.01 710.00 9.78 710.00 680.01 695.01 100
EFU Life Assurance Ltd [1,000,000,000] 124.51 129.00 4.50 129.00 124.50 125.93 2,200

 

Top losers of the week

Top 10 Losers
Company Rate *
Open Close Diff High Low Avg.
Shezan International Ltd [60,000,000] 925.00 906.30 -38.70 975.00 900.00 948.60 4,900
Service Industries Ltd [120,288,000] 610.05 602.88 -26.23 641.99 598.00 613.72 17,650
Mitchells Fruits Farms Ltd [63,000,000] 550.10 547.00 -25.00 550.10 544.00 549.08 750
Siemens (Pakistan) Engineering Co Ltd [82,470,000] 1,050.50 1,050.00 -14.83 1,050.50 1,050.00 1,050.06 180
Jubilee Life Insurance Co Ltd. [721,188,000] 270.00 270.29 -9.71 285.00 270.00 270.29 5,100
Packages Ltd [843,795,000] 511.55 502.02 -9.52 515.00 500.02 504.43 15,850
Faisal Spinning Mills Ltd [100,000,000] 121.00 121.02 -4.77 121.11 121.00 121.00 3,400
Ferozsons (Laboratories) Ltd [301,868,000] 226.00 220.30 -4.53 226.00 220.10 223.21 13,600
Jubilee General Insurance Co Ltd [1,569,101,000] 84.90 84.84 -4.46 84.90 84.84 84.87 2,000
Abbott Laboratories Pakistan Ltd [979,003,000] 532.49 527.47 -4.26 544.47 525.00 534.71 12,450

 

According to the trade analysts,government has to show maturity towards solving the political crisis,as this political uncertainty is really hurting the stock exchange and also the progress of the overall economy.

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About Emaad Qureshi