KAR

Transurban Group (TCL), a company that owns, develops and operates intelligent transport systems and electronic toll roads with operations in Australia and the United States had the best performing shares of the 6th week in ASX100 with a gain of 21.7 percent or 99 cents to its stock price closing the week at $5.55.

Arrow Energy (AOE), one of the major coal seam gas producer and explorer with a current market capitalisation of $2512.1 million was the worst performer in the ASX100 list for the week. The company lost 12.7 percent or 50 cents to its stock price and was closed for the week at $3.43.

WorleyParsons (WOR), an Australia based company that concentrates on engineering design and project related services along with maintenance and reliability support services to diversified industrial segments with a market capitalisation of $6042.6 million was the worst performer in the ASX100 list that lost 16.7 percent or $5.11 to its stock price closing the week at $25.35.

Karoon Gas Australia (KAR), a company that focuses in exploration, identification and development of oil and gas reserves was the worst performer in the Australian Stock Exchange for the week. Karoon lost 27.9 percent to its stock price closing the week at $7.92. The company closed at $10.98 in the earlier week. The market capitalisation of the company was $1402 million.

Caltex Australia (CTX), a company that operates in convenience stores and also involved in refining, purchase, marketing and distribution of petroleum products was the best performer in ASX100 adding 12.35 percent or $1.4 in its stock price closing the week at $13.19.

Karoon Gas, Incitec Pivot and Macarthur Coal were the best performing stocks in their respective categories on the Australian sharemarket for week 41. Karoon Gas (KAR) was the overall winner of the week, shooting up 64 percent on the back of a broker's recommendation which said the company was worth between $20 to $40: the energy company closed the week at $3.70. The winner of the week for the ASX 100 index was Incitec Pivot (IPL) which managed to increase its value by 8.114 percent or $6.71 and closing the trading week at $89.41. On the other hand, ASX 200 winner Macarthur Coal (MCC) managed to put on 19.55 percent of value for its shareholders, or $1.21 closing at $7.40. Other notable gainers of the week were: Mt Gibson Iron ($2.45, increase of 11.36%); Cabcharge Australia ($11.05, increase of 11.17%), Aquarius Platinum ($41.32, increase of 9.6%) and Centro Retail ($1.71, increase of 8.9%). The Australian dollar at Friday close of business was US89.73 cents, gold was $747, All Ordinaries closed the week at 6760.1 and the ASX200 closed at 6748.9. Incitec Pivot was a previous winner of the week. Karoon Gas was also a previous winner. Read a previous recommendation for Macarthur Coal.

Karoon Gas was the best performing company on the Australian sharemarket last week (Winner of the week for week 15 of 2007) closing 31 percent higher after winning extra acreage in the Browns Basin. The All Ordinaries closed the week at 6187.2 and the ASX200 closed at 6207.5.