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Karachi stock exchange-100 index gained 617 points amid Supreme court deicison

Pakistan stock market saw a positive week as Karachi stock exchange-100 index gained 617 points during the week.The political uncertainty ,rising oil prices and profit taking by the investors were three most factors affecting the  market sentiment at the Pakistan stock market.

The political crisis has really affected the local investors as they were waiting for the final verdict of the Panama case. The panama verdict came on Friday and Prime minister was disqualified by the Supreme court. However,Foreign investors  are still  confused about the prospects of the Pakistan stock market.Therefore,they opted to be net sellers of $ 13.6 million during the week.

The Karachi stock exchange -100 index started the week at the 44338 points and ended the week at 44955 points .The weekly share trading volume showed an increase of 13 % .The Weekly share trading volume was 990 million shares this week as compared to the volume of 872 million shares in the last week.

Future Outlook

Market analysts are expecting a mixed market trend  as  uncertainty over Panama case is over now.Ruling party has just nominated its interim and full time prime  minister. However,main opposition party PTI has also announced to file cases against the nominated interim prime minister and full time prime minister.In this case,political uncertainty can increase and this can also affect the stock market progress. Moreover,this is a very good time for the value and long run investors to invest in the Pakistan stock market.

Rising oil prices are also offering a very good opportunity for the investors. International oil prices made biggest weekly gains last week.Investors can improve their gains through investing in oil based stocks.The Saudi decision to cut its exports and decreasing international oil supply is causing the increase in the international oil prices.The volatility in the oil prices is very good for the short run investors.They can maximize their investment returns using day trading strategies .

About Emaad Qureshi