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Karachi stock exchange-100 index fell by 407 points

Pakistan stock market saw a negative week as   Karachi stock exchange-100 index  fell  by 407 points during the week. The ongoing political uncertainty ,actions by SECP and fluctuations in the international oil market  were three major factors affecting the investor’s sentiment of the Pakistan stock market.

Foreigners remained confused about the progress of the local stock market.They sold net equity of  $15.31 million during the week .This is 12 % increase as compared to the last week.

Pakistan stock market started the week with negative momentum and continued its negative momentum throughout the week.Karachi stock exchange-100 index  showed some recovery after the delay in the Panama Case proceedings  during the week. The negative momentum in next four days was little bit affected by the actions by SECP and fluctuations in the international oil market.

Karachi stock exchange-100 index started the week at 49963 points and ended the week at  49556 points. The weekly share trading volume showed an decrease of  29.4 % as compared to the last week. The weekly share trading volume was  approximately 1846.19 million shares.

Future Outlook

Market analysts are expecting a mixed market sentiment for the next week.They believe that uncertainty in the international and domestic politics and oil price fluctuations will play an important role in affecting the investment behaviors of the average investors.

Stock market investors should adopt buy and hold strategy for the next week.They should hold their investments or buy their favorite shares at dip.This strategy will help them to maximize their return in the stock market.

 

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About Emaad Qureshi