Karachi stock Market showed a much improved performance in this week,as compared to its performance in last week. KSE-100 index gained 946 points,which is equal to 3.3 percent gain in the market value .In this week Karachi stock exchange shares volume was 151,894,000 shares ,as compared to the volume of 594,522,180 shares in last week.If we talk about the reasons for the this improvement in the market performance,the most important reason is the political unity within the Parliament against the opposition’s Dharna protests taking place outside the parliament.Another reason is the ongoing negotiations between the government and opposition parties regarding election reforms.
If we analyze the overall performance of the Karachi Stock Market ,we see that shares related to the telecom,cement and textile industries were in the main focus of the investors.These companies showed very good financial results in the financial period,which increased the investor confidence in these companies.Following are the top 10 gainers and losers of the week.
Top 10 gainers of the week
|Wyeth Pakistan Ltd [142,161,000]||3,998.48||3,998.48||190.40||3,998.48||3,998.48||3,998.48||20|
|Bata Pakistan Ltd [75,600,000]||3,350.00||3,350.00||85.00||3,350.00||3,350.00||3,350.00||100|
|Rafhan Maize Products Ltd [92,364,000]||10,500.00||10,562.50||62.50||10,600.00||10,500.00||10,562.50||160|
|Island Textile Mills Ltd [5,000,000]||958.50||958.99||44.24||958.99||949.97||955.82||150|
|Indus Dyeing & Manufacturing Co [180,737,000]||786.00||786.00||36.10||786.00||786.00||786.00||150|
|Philip Morris (Pakistan) Limited [615,803,000]||697.50||699.09||33.22||699.16||650.00||694.84||5,700|
|Service Industries Ltd [120,288,000]||761.01||794.51||29.77||801.90||761.01||795.02||37,900|
|Bhanero Textile Mills Ltd [30,000,000]||498.75||498.75||23.75||498.75||498.75||498.75||100|
|Ferozsons (Laboratories) Ltd [301,868,000]||264.99||270.35||12.87||270.35||262.41||268.89||39,000|
|Mitchells Fruits Farms Ltd [63,000,000]||566.00||572.00||11.75||572.00||565.00||566.38||400|
Top 10 losers of the week
According to the financial experts,political stability is extremely necessary for the future progress and development of the stock market and economy. .So,government has to show some maturity and flexibility,so that the process of negotiations can bring fruits for the country.by