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Weekly Karachi Stock Market Report (From Nov 24,2014 to Nov 28,2014)

karachi stock ExchangeKarachi Stock Exchange-100 index fell by  297 points this week,  mainly due to political instability and slide in oil prices in local/ international market. Karachi Stock Exchange-100 index started at 31495 points on Monday and closed at 31198 points on Friday. Its  value decreased by 1.20%,as it decreased from Rs 7.49 Trillion to Rs 7.40 trillion.The share trade volume of the Karachi stock market was 1295 million shares this week  The investors mostly  showed their interest in power and cement sectors.Top 5 gainers of the week were the following companies.

Top 5 Gainers of the week
Company Rate Turnover*
Open Close Diff High Low Avg.
Sui Northern 22.49 24.99 2.50 25.35 22.86 23.84 24940500
Engro Corporation 201.97 218.23 16.26 218.23 197.61 209.13 26194500
Maple leaf cement 34.03 36.65 2.62 36.65 32.49 34.56 52418000
Abbot lab 777.42 832.71 55.29 855 765 810.12 586500
Pakgen Power Limited 22.73 24.31 1.48 24.65 22.70 23.57 9735000

Following important news affected the stock market during the week.

(i) Reduction in petroleum prices from Rs 94.90 to Rs 84.53.

(ii) Urea sales dropped by 14% as compared to the last year

(iii) Foreign portfolio investment dropped by 142% a compared to the last week

(iv) Overall country inflation decreased a compared to the last month

(v) Political tensions are increasing,as PTI has announced political rally in capital on 30th November,2014

Karachi Stock exchange Market Report

Stock analysts are expecting a mixed trend next week.Political tensions are increasing ,so investors at stock market are really cautious about their investments. Market analysts are advising investors to avoid  new buying,as political situation is not so stable.Investors should hold their investments,as future market trend is not clear.So this means that investors must show extreme level of patience to get good result from their investments. According to the political and market analysts , government must play a active role to solve this ongoing political crisis.It is very necessary to solve this crisis , as it is really affecting the stock market and the overall economy badly.

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