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Karachi stock exchange-100 index fell by 982 points

Pakistan stock market saw a negative week as Karachi stock exchange-100 index fell by 982 points during the week.The profit taking by investors, and political uncertainty were two important factors affecting the investing behaviors of stock market traders at the Pakistan stock market.The Karachi stock exchange -100-index started the week at the 42087 points and ended the week at  41105 points.The average daily trading volume showed an increase of 27 % during the week.

The interest of the Foreign investors diminished during the week. Foreign investors bought net equities of   $ 5.4 million during the week.

Future Outlook

The analysts at Money and Matters are expecting a mixed sentiment at the Pakistan stock market.The political certainty, economic instability, and uncertain international oil market are three most important factors affecting the market.

The accountability court has indicted Nawaz sharif and his family last week.The Court has ordered Nawaz Sharif, his family and Ishaq Dar to present themselves in the court this week.The Finance minister Ishaq Dar is busy in facing his cases in the court.It is badly affecting the working of the finance ministry.The PML-N government must take bold steps to replace Ishaq dar with another finance minister.Since it is very important to save the dignity of the government.The bad decision making of the government and its tussle with the state institutions is causing political and economic uncertainty.

 

The Karachi stock exchange-100 index is showing a strong resistance at the 40000 points.This is the perfect time for the value investors to pursue their long-term strategy.

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About Emaad Qureshi