Home » Investing » Weekly Karachi Stock Market Report (From Ist September 2014 to 05 September 2014)

Weekly Karachi Stock Market Report (From Ist September 2014 to 05 September 2014)

KSEKarachi stock Market showed a much improved performance in this week,as  compared to its performance in last week. KSE-100 index gained 946 points,which is equal to 3.3 percent gain in the market value .In this week Karachi stock exchange shares volume was 151,894,000 shares ,as compared to the  volume of 594,522,180  shares in last week.If we talk about the reasons for the this improvement in the market performance,the most important reason is the political unity within the Parliament against the opposition’s Dharna protests taking place outside the parliament.Another reason is the ongoing negotiations between the government and opposition parties regarding election reforms.

If we analyze the overall performance of the Karachi Stock Market ,we see that shares related to the telecom,cement and textile industries were in the main focus of the investors.These companies showed very good financial results in the financial period,which increased the investor confidence in these companies.Following are the top 10 gainers and losers of the week.

Top 10 gainers of the week

Top 10 Gainers
Company Rate *
Open Close Diff High Low Avg.
Wyeth Pakistan Ltd [142,161,000] 3,998.48 3,998.48 190.40 3,998.48 3,998.48 3,998.48 20
Bata Pakistan Ltd [75,600,000] 3,350.00 3,350.00 85.00 3,350.00 3,350.00 3,350.00 100
Rafhan Maize Products Ltd [92,364,000] 10,500.00 10,562.50 62.50 10,600.00 10,500.00 10,562.50 160
Island Textile Mills Ltd [5,000,000] 958.50 958.99 44.24 958.99 949.97 955.82 150
Indus Dyeing & Manufacturing Co [180,737,000] 786.00 786.00 36.10 786.00 786.00 786.00 150
Philip Morris (Pakistan) Limited [615,803,000] 697.50 699.09 33.22 699.16 650.00 694.84 5,700
Service Industries Ltd [120,288,000] 761.01 794.51 29.77 801.90 761.01 795.02 37,900
Bhanero Textile Mills Ltd [30,000,000] 498.75 498.75 23.75 498.75 498.75 498.75 100
Ferozsons (Laboratories) Ltd [301,868,000] 264.99 270.35 12.87 270.35 262.41 268.89 39,000
Mitchells Fruits Farms Ltd [63,000,000] 566.00 572.00 11.75 572.00 565.00 566.38 400

Top 10 losers of the week

Top 10 Losers
Company Rate *
Open Close Diff High Low Avg.
Colgate Palmolive (Pakistan) Ltd [479,549,000] 1,735.00 1,585.01 -68.74 1,735.00 1,571.07 1,675.38 160
Sanofi-Aventis Ltd [96,448,000] 632.00 625.00 -20.08 632.00 625.00 629.14 350
Exide Pakistan Ltd [77,686,000] 910.00 907.28 -16.74 935.00 900.00 917.98 10,600
Hino Pak Motors Ltd [124,006,000] 512.00 516.06 -11.96 525.00 512.00 517.39 9,600
Sitara Chemicals Industries Ltd [214,295,000] 322.00 313.61 -11.39 322.00 312.25 314.71 10,400
Khyber Tobacco Co Ltd [12,018,000] 315.60 319.06 -7.38 324.89 315.00 317.76 800
Attock Refinery Ltd [852,930,000] 193.99 188.05 -6.09 197.90 185.51 191.58 750,600
National Refinery Ltd [799,666,000] 196.99 191.30 -5.53 202.90 190.00 195.46 120,500
Shezan International Ltd [60,000,000] 922.00 900.71 -4.29 923.00 900.00 905.33 750
Kohat Cement Co Ltd [1,545,086,000] 123.20 119.52 -4.28 125.90 117.62 122.45 1,120,500

According to the financial experts,political stability is extremely necessary for the future progress and development of the stock market and economy. .So,government has to show some maturity and flexibility,so that the process of negotiations can bring  fruits for the country.

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About Emaad Qureshi