Home » Investing » Weekly Market Report Karachi stock Market (From 19th May 2014 to 23rd May 2014
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Weekly Market Report Karachi stock Market (From 19th May 2014 to 23rd May 2014

KSEKarachi Stock market observed an entirely dull week all along as per the expectations of last week’s trading activity and investors’ sentiments. Karachi Stock Exchange 100 index closed on 28,756 points after an aggregate loss of 127 points or 0.4 per cent of the volume. The main reason for this slide in  Karachi Stock Exchange-100 index was a huge decline in the share price of Pakistan Tobacco Company Limited (PAKT), OGDCL and Nestle Pakistan as a decline of 9.2%, 0.7% and 2.7% loss respectively. The reason of this uncertainty in the Karachi Stock market was the  federal budget announcement. At the moment, there are six sessions are left in federal budget announcement and this ambiguity is expected to pertain.

Following is the list of top gainers, losers and volume leaders:

Top GainersTop LosersVolume Leaders
Muree Brewery Co Ltd Pak ReinsurancePakistan International Bulk Terminal Limited
Rafhan Maize ProdPak Tobacco Co,K-Electric Limited
Indus MotorShezan International LtdPakistan International Airlines Corp (A)
Pak ServicesEngro Foods LtdLafarge Pakistan Cement Ltd
EFU Life Assur LtdNishat ChunianThe Resource Group Pakistan (TRG)
Hum Network LtdJavedan CorporationPak Elektron Ltd
Thal LimitedNishat Mills LimitedBYCO Petroleum
TRG Pakistan LtdAzgard NineAskari Bank Limited
Int. Ind.LtdFatima Fert.CoFauji Cement Co Ltd
K- ElectricArif Habib Corp.Summit Bank Ltd

 

Here we have following news which impacted at the most over the trading activity this week:

– Government has missed many of the strategic targets that were needed to report during this year

– Current account deficit has risen to 2.16 Bn USD

– Textile exports have been grown by 6.5 percent year on year

– Insurance companies have been directed to introduce takaful (Islamic insurance) product now

– FBR is going to propose an increase in federal excise duty to deficits over the domestic production of cement

– NEPRA cuts down the power tariff of discos by 1.48 rupees per unit.

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