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Weekly Karachi Stock Market Report (From Dec 29th,2014 to January 2,2014)

karachi stock ExchangeKarachi stock market saw another high earning week,as its KSE-100 index rose by 982 points.The Karachi Stock market ended the week and the year at a very positive note, as it was 3rd best performing stock market in the world.

 

 

The KSE-100 index started the week at 31993 points and ended it at 32791 points.The weekly share volume was 1160 million shares,which is 19% increase a compared to the last week.The value of the market increased by 3.12 % , as it increased from R 7.37 Trillions to Rs 7.61 Trillions during the week.

According to the market experts,the favorable inflation results for the month of December 2014 and the expected decrease in the discount were the two basic reasons for this steep rise in the stock market index.Investors were also attracted towards the cement and fertilizer sectors,as strong financial results are expected in these sectors for the coming financial year. Following are the top 10 gainers and losers at the Karachi Stock Exchange .

Top Ten
Top 10 Traded Companies
Company Rate Turnover*
Open Close Diff High Low Avg.
Fauji Cement Co Ltd [13,311,158,000] 26.95 27.80 1.04 27.96 26.32 27.20 26,898,500
K-Electric Limited [96,653,179,000] 9.30 9.55 0.27 9.64 9.10 9.43 25,249,000
Engro Corporation Limited [5,237,847,000] 233.00 236.56 4.19 241.24 229.20 235.55 17,907,500
Pakistan Telecommunication Ltd (A) [37,740,000,000] 23.35 24.20 0.91 24.40 23.05 23.94 12,843,000
Maple Leaf Cement Factory Ltd [5,277,339,000] 46.99 47.50 1.04 48.28 46.51 47.48 12,306,000
D.G. Khan Cement Co Ltd [4,381,191,000] 115.25 116.97 1.64 119.39 113.75 116.89 11,593,000
Jahangir Siddiqui & Co Ltd [7,632,853,000] 15.34 15.09 -0.24 15.64 15.00 15.34 10,698,000
Engro Foods Limited [7,665,960,000] 114.15 118.69 5.20 119.16 112.15 117.15 9,976,600
Lafarge Pakistan Cement Ltd [14,561,090,000] 18.02 17.99 0.11 18.15 17.75 17.97 9,364,000
Pakistan International Bulk Terminal Limited [7,586,145,000] 25.10 26.28 1.25 26.28 25.10 25.99 9,114,500
Top 10 Gainers
Company Rate Turnover*
Open Close Diff High Low Avg.
Rafhan Maize Products Ltd [92,364,000] 11,391.00 11,100.00 100.00 11,391.00 10,500.00 10,502.01 22,140
Siemens (Pakistan) Engineering Co Ltd [82,470,000] 1,178.00 1,228.82 58.51 1,228.82 1,178.00 1,221.29 7,140
Colgate Palmolive (Pakistan) Ltd [479,549,000] 2,050.00 2,050.00 50.00 2,050.00 2,050.00 2,050.00 20
Fazal Textile Mills Ltd [61,875,000] 663.00 663.60 31.60 663.60 663.00 663.54 500
Sanofi-Aventis Ltd [96,448,000] 775.00 800.00 30.50 800.00 775.00 781.34 550
Abbott Laboratories Pakistan Ltd [979,003,000] 706.00 724.05 23.21 729.50 700.50 720.14 18,950
Tri-Pack Films Ltd [300,000,000] 274.89 282.37 13.44 282.37 267.00 277.89 144,800
Exide Pakistan Ltd [77,686,000] 2,230.00 2,230.00 13.33 2,230.00 2,202.00 2,220.67 60
ICI Pakistan Ltd [923,590,000] 465.00 478.00 12.30 483.97 462.01 473.54 14,500
JDW Sugar Mills Ltd [597,766,000] 304.84 301.21 10.88 304.84 290.00 299.43 3,800

CPI index showed a steep decline for the month of December 2014Following are the most important news that affected the proceedings of the market during the week

  • Foreign investors sold more than $ 15 million worth stocks during the week
  • Government has announced to increase the gas prices
  • Foreign exchange reserves remained at encouraging level of $15 Billion during the week.
  • Government has proposed a new drug policy for the Pharma sector.

Karachi Stock Exchange

Stock analysts are expecting a current booming market trend to continue in the coming weeks.Cement,fertilizer and banking sectors are expected to show very good financial growth in the current year. Experts are advising the investors to invest in these sectors to reap maximum benefits from their investments.

The expected booming trend in the stock market is a very good news for the investors and the economy,but government also has to play its due role in solving existing problems  of the country. Government has to solve energy and security problems as soon as possible. .It will leave  a positive and healthy effect on the market and the overall economy.

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About Emaad Qureshi