Pakistan stock market saw a negative week as Karachi stock exchange-100 index fell by 434 points during the last week.The economic worries, political uncertainty, and oil price fluctuations, badly affected the sentiment of the stock market traders operating at the Pakistan stock market.The Karachi stock exchange -100-index started the week at the 39080 points and ended the week at 38646 points.
The domestic and foreign investors have taken a back seat due to the uncertain situation of the Pakistan stock market which is due to the uncertain domestic political and economic scenario. Therefore, foreign investors sold net equities of $ 8.9 million during the week.
The market analysts at Money and Matters are expecting mixed sentiments at the Pakistan stock market in upcoming days.The dharna, protests and the ongoing corruption cases against PML-N leaders are creating lots of uncertainty in the political climate.The finance minister Ishaq Dar is still out of the country and he is not ready to come back.The rumors of technocrat setup and expected impeachment of the prime minister are making the situation even worse.
Currently, the international oil market is going uncertain times.The Organization of Petroleum Exporting Countries (OPEC) is trying very hard to prevent falling of oil prices in the international market.
Investors can utilize day trading strategies to book gains in the oil-based blue chip stocks.This is also very good time for the value investors to make an entry in the stock market as blue-chip stocks of good companies are available at low prices.