Karachi stock market showed a mixed trend as Karachi stock exchange 100-indexrose by 62 points.The market trend improved as there was a slight improvement in the international oil prices and domestic economic environment. The overall market sentiment was still negative as investors are still confused about the future of the NAB investigations and also about the future of the international financial stock market.The long weekend due to the Eid-ul-azha also affected the positive momentum of the market.
Karachi stock exchange 100-index started the week at 32760 points and ended the week at the 32822 points.The weekly share trading volume showed a decrease of 45 % during the week . The weekly share trading volume was 372 million shares as compared to 676 million shares last week.
Top performers of the week
Cement sector and auto sector were the best performing sector at the Karachi stock market.The maple cement and lucky cement were the star performers in the cement sector.The share prices of the maple cement and lucky cement grew by 0.07 % and 0.26 % respectively during the week.
Indus dyeing and services industries were the star performers in the auto sectors .The share prices of the Indus dyeing and increased by 4.22 % and services industries by almost 4 % respectively.The following are the major gainer and loser companies of the week.
|Bata Pakistan Ltd [75,600,000]||2,901.00||3,085.00||184.00||3,139.00||2,990.00||3,062.11||100|
|Philip Morris (Pakistan) Limited [615,803,000]||1,280.00||1,340.00||60.00||1,340.00||1,280.00||1,322.93||220|
|Indus Dyeing & Manufacturing Co [180,737,000]||1,207.49||1,259.00||51.51||1,259.00||1,259.00||1,259.00||50|
|Murree Brewery Co Ltd [230,530,000]||1,040.00||1,075.00||35.00||1,098.90||1,020.00||1,054.16||9,700|
|Service Industries Ltd [120,288,000]||750.03||781.04||31.01||788.55||725.00||751.50||3,650|
|Indus Motor Co Ltd [786,000,000]||1,077.20||1,025.00||-52.20||1,094.98||990.00||1,044.04||33,340|
|Sapphire Fibres Ltd [196,875,000]||792.50||750.64||-41.86||772.34||750.64||—||—|
|Island Textile Mills Ltd [5,000,000]||834.99||793.25||-41.74||829.99||793.25||811.62||400|
|Shezan International Ltd [79,860,000]||789.11||760.00||-29.11||760.00||760.00||760.00||500|
|Punjab Oil Mills Ltd [53,906,000]||269.68||243.50||-26.18||283.16||243.00||252.59||48,800|
Market analysts are expecting a positive trend after the eid holidays.The most important reason for their optimism is the high corporate valuations of the large companies.Other than this, the prospects of the overall stock market is also dependent upon the domestic political environment.