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Weekly Karachi stock Market Report (From October 20th to October 24th 2014)

karachi stock ExchangeKarachi stock Exchange showed a upward movement this week,mainly due to improved political situation and  investor confidence. KSE-100 index started at 30158 points on Monday and closed at 29883 points on Friday. Its value increased by the 0.7% from Rs 7.1708 Trillion to Rs 7,217 Trillion. The total turnover was 826265610 shares  with the trading value of  Rs 39189956093 .The investors mostly  showed their interest in banking,cement and auto industry.Top 10 gainers were the following companies

 

Top 10 Gainers
Company Rate *
Open Close Diff High Low Avg.
Wyeth Pakistan Ltd [142,161,000] 4,400.01 4,400.01 100.01 4,400.01 4,400.01 4,400.01 20
Exide Pakistan Ltd [77,686,000] 1,397.00 1,456.51 66.51 1,459.50 1,397.00 1,442.56 18,100
Atlas Battery Ltd [173,996,000] 724.99 754.11 35.91 754.11 724.99 750.24 13,100
Bhanero Textile Mills Ltd [30,000,000] 540.33 540.33 25.73 540.33 540.33 540.33 150
Khyber Tobacco Co Ltd [12,018,000] 519.00 532.01 25.33 532.01 519.00 528.46 2,900
Attock Petroleum Limited [829,440,000] 534.00 541.33 24.02 543.17 521.00 541.50 106,800
Philip Morris (Pakistan) Limited [615,803,000] 899.00 900.08 19.72 902.00 856.00 887.80 3,700
Millat Tractors Ltd [442,925,000] 601.00 619.22 19.68 623.00 600.11 616.82 156,300
Mari Petroleum Company Limited [918,750,000] 451.00 460.35 19.29 463.11 450.00 460.02 1,386,800
Pakistan State Oil Co Ltd [2,716,859,000] 326.60 343.19 16.34 343.19 326.50 336.87 2,759,500

 

Following important news affected the stock market during the week.

(i) Pakistan Awami Tehreek (PAT) ended their dharna in Islamabad

(ii)Foreign direct investment fell by 27 percent this quarter as compared to the same quarter last year

(iii) Large scale manufacturing showed 3.2 % growth in last two months

(iv) K-electric  approved dividend to the minority shareholders.

(v) Large scale selling by foreign investors

Stock analysts are expecting again a positive trend  next week.It is expected that share prices of Oil and gas sector will rise this week ,due to revision in the margins of the oil marketing companies.According to the most of the analysts it is time to invest in the Textile and Power sector,as appreciation in their stock is expected in next few weeks.Government should also play its role in solving the political uncertainty,as it will help in creating suitable environment for the stock investment and will also attract more investments.

 

 

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About Emaad Qureshi