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Karachi stock exchange-100 index climbed 1197 points during the week

Pakistan stock market saw a positive week as Karachi stock exchange-100 index climbed by 1197 points during the week. Recovery in the international oil market played an important role in the surge of Pakistan stock market.

Local investors showed a keen interest in the stock market.Local mutual fund companies invested approx $ 29 million in the Pakistan stock market.Foreign investors were still very confused about the prospects of Pakistan stock market. They offloaded net equities of $ 46.8 million during the week.

Karachi stock exchange-100 index started the week on a positive note as index climbed by 470 points during the first trading day.The Pakistan stock market was helped by the surge in the international oil prices.Adjustments made in local auto policy and buying by large brokerage houses also helped index to climb the index Karachi stock exchange-100 index climbed by 726 points during the last three days of the trading week.

karachi-stock-exchange-100-index

Karachi stock exchange-100 index  started the week 45387 points and ended the week at 46584 points.The weekly share trading volume showed a decrease of  9 % as compared to the last week.The current week share trading volume was 1432 million shares as compared to the last week’s share trading volume of  2784 million shares.

Best and Worst Performer of the week

Power sector,Oil/Gas exploration sector and pharmaceutical sector were three best performing sectors of the week.These three sectors played an important role in the surge of Karachi stock exchange-100 index. Auto sector also showed some spark during the week.

The Power sector,Oil & Gas exploration sector and Pharmaceutical sector grew by 9.8 % ,3.1 % and 5.1 % during the week.

Future Outlook

Market analysts are expecting a positive sentiment in upcoming week.They believe that local political environment and fluctuations in the international oil market will set the future direction of the Pakistan stock market.

PPP has also announced to start a  protest movement after the death anniversary of the Benazir Bhutto on 27th December .It has  presented 4 demands to the ruling party.The protest movement of PPP is totally depends on the fulfillment of these four demands. PTI has also decided to hold rallies and Jalsas in upcoming days.These events can really create uncertainty in the Pakistan stock market.

Oil and gas sector is very good investment option for the stock market investors. The agreement between the OPEC countries has breathe a new life into the oil and gas sector.Now it is very good investment option for the short run.It is expected that oil prices will continue to rise for next few weeks.Investors can improve their market gains through investing in blue chip Oil and gas exploration sector stocks.Day trading investing strategies are most appropriate for them to maximize their short run gains.

Pakistan government  gave an indication of amending the National auto policy 2016-2021.Auto sector has high expectations from the amended policy .The amended policy can really bring huge investment in the auto sector.Pakistan Suzuki has announced that $460 million in Green Field only if government amends the auto policy.Auto sector has very bright future and it is  a very good investment option for the long run.

 

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About Emaad Qureshi