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Weekly Karachi Stock Market Report (From Nov 10,2014 to Nov 14,2014)

karachi stock ExchangeKarachi stock Exchange continued its upward movement this week , as KSE-100 index climbed  967 points, mainly due to good financial results of the auto sector ,local buying and  improved political situation. KSE-100 index started at 30377 points on Monday and closed at 31344 points on Friday. Its value increased by the 4.15 % from Rs 7.552 Trillion to Rs 7.866 Trillion. The total turnover was 141 million  shares  with the trading value of  Rs 187051356419.The investors mostly  showed their interest in auto and cement sectors.Top 5 gainers of the week were the following companies.

Top 10 Gainers
Company Rate Turnover*
Open Close Diff High Low Avg.
Nestle Pakistan [453,496,000] 8,800.00 8,900.00 95.00 8,900.00 8,800.00 8,850.00 40
Exide Pakistan Ltd [77,686,000] 2,025.41 2,016.88 87.91 2,025.41 1,915.00 2,006.77 21,900
Murree Brewery Co Ltd [230,530,000] 1,028.49 1,050.00 50.00 1,050.00 1,028.49 1,048.75 13,360
Atlas Battery Ltd [173,996,000] 913.78 913.73 43.46 913.78 900.00 911.53 26,600
Hino Pak Motors Ltd [124,006,000] 874.99 904.42 43.06 904.42 874.99 893.55 20,400
Sanofi-Aventis Ltd [96,448,000] 833.60 833.60 39.69 833.60 833.60 833.60 650
Mari Petroleum Company Limited [1,102,500,000] 693.27 693.27 33.01 693.27 670.01 687.35 976,900
AKZO Nobel Pakistan Ltd [464,433,000] 478.48 478.48 22.78 478.48 467.00 477.48 360,200
Bhanero Textile Mills Ltd [30,000,000] 522.00 522.00 18.50 522.00 522.00 522.00 300
Jubilee Life Insurance Co Ltd. [721,188,000] 315.00 330.23 15.29 330.68 315.00 329.03 9,9

Following important news affected the stock market during the week.

(i) SBP cuts the discount rate by 50 bps to 9.5% .

(ii) Auto sales increased by 27 % as compared to the last year sales

(iii) Oil prices decreased in the international market

(iv) Government has decided to import LNG from March next year.

(v) Political tensions eased in the week

Stock analysts are really optimistic about the market for next week specially after discount rate cut by the State Bank of Pakistan.They are expecting a upward trend in the market in next week also.The market increase will be mainly due to increased local buying especially in the auto and cement sector.So this means investor must hold their investments in these sectors..Government has to play its due role in keeping  the political and economic environment stable,so that  investors can reap benefits of their investments.

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About Emaad Qureshi