Karachi stock Exchange showed a mixed trend this week,mainly due to Eid holidays,political uncertainty and short trading session of just two days. KSE-100 index started at 30103 points on Thursday and closed at 30158 points on Friday. Its value increased by the 0.68 % from Rs 7.187 trillion to Rs 7.236 trillion. The total turnover at Karachi stock exchange was 350035210 shares with the trading value of Rs 1459580081 .The investors mostly showed their interest in banking,chemical and auto industry. Following are the top gainers and losers in the week.
|The Bank of Punjab Ltd [15,551,131,000]||8.10||8.53||0.47||8.59||8.06||8.39||23,089,500|
|Ghani Automobile Industries [500,000,000]||5.55||6.54||1.00||6.54||5.55||6.18||22,207,000|
|Dewan Farooque Motors Ltd [1,087,352,000]||9.10||9.80||1.00||9.80||8.99||9.49||12,195,000|
|Engro Fertilizers Limited [12,978,000,000]||55.10||56.90||1.86||57.78||54.60||56.57||9,699,500|
|Descon Chemical Limited [997,789,000]||3.35||4.24||0.98||4.26||3.35||3.94||7,695,500|
|Pak Elektron Ltd [2,949,223,000]||25.62||26.61||0.86||26.85||25.62||26.38||6,770,500|
|Lotte Chemical Pakistan Limited [15,142,072,000]||6.81||7.31||0.46||7.48||6.81||7.24||6,259,000|
|Pervez Ahmed Security. [1,865,685,000]||3.70||3.43||-0.34||3.71||3.40||3.53||6,198,000|
|Fauji Cement Co Ltd [13,311,158,000]||20.35||20.49||0.19||20.69||20.31||20.52||5,254,000|
|Pakistan International Bulk Terminal Limited [7,586,145,000]||21.72||21.80||0.24||22.15||21.50||21.94||4,992,500|
According to the trade analysts , Karachi stock exchange will continue showing a positive trend in the next week,as investors will divert their focus from Eid to serious investing in stocks.Apart from this optimism about the market,analysts are worried about the recent political trends,as long march has created a political standoff between the opposition and government.So government should take a lead and solve this ongoing political deadlock ,as that would be a positive sign for the Karachi stock exchange and also for the overall economy.