Insurance stocks continued to show positive activities

Insurance stocks continued to show positive activities last week at the Karachi Stock Exchange with improved investor participation as near 10 million shares traded altogether in life and non-life insurance stocks. Pak Reinsurance was the volume leader with 5.1 million shares followed by Adamjee Insurance with 3.9 million shares. Top gainers of the week include Adamjee Insurance which jumped by Rs8.05 to close at Rs77.58 and EFU Life Assurance which increased by Rs5.55 to close at Rs73.23 while New Jubilee Life Insurance fell by Rs1.35 to close at Rs40.65 and Shaheen Insurance was down by Rs0.80 to close at Rs13.50 to be the major losers of the week.