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Weekly Karachi Stock Market Report (From 28 April 2014 to 02 May 2014)

KSEDespite of announcement of financial results of several companies, KSE remained pretty much volatile during the last week. KSE 100 index closed on 28,921 points after gaining 71 points or 0.2 % in the whole week. Daily activity was not too much favorable to mobilize the index. Week on week average flat volume was at the level of 144 million shares. For the upcoming week, it is expected that foreign investment flows will direct the market in due course. Overall trading activity is not expected to regulate on noticeable grounds. It is a perfect time for buying and holding, the upcoming time is expected to yield much better than today. Try not to sell and be a bear.

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

Top Gainers Top Losers Volume Leaders
National Foods Pak Reinsurance LPCL
Pak Tobacco Co Ghani Glass MLCF
EFU Life Assur Ltd Netsol Technologies JSCL
Pace (Pak) Ltd Indus Motor BOP
Hub Power Pak Suzuki Motor KEL
Jah.Sidd. Co Jubilee Gen Ins FABL
Kohinoor Textile GlaxoSmithKline Pak AKBL
Pakgen Power Ltd Soneri Bank FCCL
Askari Bank Ltd Century Paper HUBCO
Hum Network Ltd Pak Services NIB


Following are the prominent news that affected the overall market and trading activity all along:

  1. – World bank has embossed three loans for Pakistan development fund costing USD1.125 billion
  2. – ABD has approved a loan to support electricity and power sector of Pakistan worth 400 Billion US dollars
  3. – Meezan Bank has given detailed documentation to HSBC Bank Pakistan in order to acquire it
  4. – Automobile sector in Pakistan is yet again coming under limelight, because concessions in import duties and taxes are about to be finalized
  5. – Financial results of banking sector were tremendous and cement sector are according to the expectations, very good
  6. – Government of Pakistan has imposed 5 per cent custom tax on import of cotton
  7. – A decrease in fuel prices has been declared by government of Pakistan

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