Pakistan stock market saw a mixed week as Karachi stock exchange-100 index gained 232 points during the week.The political uncertainty , profit taking by large investors were two major factors affecting the Pakistan stock market.
The Karachi stock exchange-100 index showed some recovery as local and foreign investors showed some interest in the market week.The Karachi stock exchange -100 index started the week at the 46333 points and ended the week at 46565 points .
The Karachi stock exchange -100 index started the week at a positive note as Pakistan stock market opened after the Eid holidays. The index rose by 378 points on the first trading day of the week.The weekly share trading volume was very low due to the short trading week after the Eid holidays. The negative sentiment of the stock market was mainly due to the ongoing tussle between the Pakistan government and the Supreme court of Pakistan.
Pakistan stock market lost its momentum on the last week of the trading as political increased in the country.Karachi stock exchange 100-index lost 146 points during the last trading day of the week.
Market analysts are expecting a mixed market trend in the current week as investors will take a back seat due to political uncertainty in the country. Political uncertainty in the international political scenario will also play its part in affecting the investing behaviors. The political tussle between Qatar and other middle eastern countries can take a new turn in the current week.On other hand JIT has called Maryam nawaz and two sons of Prime Minister for further investigations.These events will increase the tussle between Government and Supreme court of Pakistan.
So ,investors should adopt buy and hold strategy as market sentiment is no so positive.They can improve their long run investments returns prospects by investing in undervalued stocks in blue chip companies.by