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Karachi stock exchange-100 index gained 1385 points

Pakistan stock market saw a positive week as Karachi stock exchange-100 index  gained just 1385 points during the week.The institutional buying and surge in the oil prices were two important factors affecting the stock market traders at the Pakistan stock market.The Karachi stock exchange -100 index started the week at the 41401 points and ended the week at  42787 points .The average daily trading volume showed an increase of 16 % during the week.

A renewed interest of Foreign investors and domestic investors was seen at the Pakistan stock market . foreign investors were net buyers during the last week .They bought  net equity of 28 $ million during the week.

Future Outlook

The analysts at Money and Matters are projecting a mixed trend  in the upcoming days.The political uncertainty, tense Geo-political situation and demand issues in the international oil prices   will play an important role in affecting the Pakistan stock market.

The NAB has asked Ex PM Nawaz sharif to present himself in the accountability court on 19th September 2017.NAB may ask government to arrest the Ex PM on the charges of corruption in next few days.This decision can create political unrest in the country and it may increase the  tussle between PML-N and NAB.  Political uncertainty in the country is creating an uneasy situation for the local and foreign investors.  Therefore,it is the best time for value investors to invest in the value stocks.

The international oil demand has showed an improvement in the last week and so oil prices have also showed a rise in the international oil market. According to the analysis done by Money and Matters,oil demand will improve further due to economic recovery made by US economy after hurricane Irma and Harvey. Oil based stocks can help investors to earn short returns through using day trading strategies.

 

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About Emaad Qureshi