Pakistan stock market saw a mixed week as Karachi stock exchange-100 index gained just 194 points during the week.The profit taking ,institutional buying and political uncertainty were three important factors affecting the stock market traders at the Pakistan stock market.The Karachi stock exchange -100 index started the week at the 41206 points and ended the week at 41401 points .The average daily trading volume showed an increase of 25 % during the week.
Foreign investors and domestic investors are still confused about the near future of the Pakistan stock market. Therefore,foreign investors sold net equity of 0.3 $ million during the week.
The analysts at Money and Matters are projecting a mixed trend in the upcoming week.The political uncertainty, tense geo-political situation and shortened trading week and fluctuating oil prices will play an important role in affecting the Pakistan stock market.
The NAB has filed references against the Sharif family and finance minister Ishaq dar. The stage is set for a tough competition in the by-election of NA-120 .This by-election will set the future direction of the politics in Punjab for the ruling party.The tussle between PML-N and Supreme court is increasing day by day .Political uncertainty in the country is creating an uneasy situation for the local and foreign investors. Therefore,foreign investors are not so hopeful about the near future of the Pakistan stock market.
The number of active oil and gas rigs in US is improved in last few days.This will increase the oil supply in the american and international market..The hurricane Irma will also badly affect the oil demand in the region.It will also put downward pressure on the international oil prices. According to the analysis done by Money and Matters,investors should offload their investments in the oil based stocks as soon as possible to save themselves from big losses.
Market analysts are expecting Karachi stock exchange-100 index to hover between 35000-45000 points in the current year.They also believe that it is very good time for investing in value stocks.Investors should analyse the overall market to search for value stocks.They can easily find value stocks in the cement,power and mutual finds sector.