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Karachi stock exchange-100 index lost 1439 points

 

Pakistan stock market saw a negative week as Karachi stock exchange-100 index  lost 1439 points during the week.The profit taking and political uncertainty were two important factors affecting the stock market traders at the Pakistan stock market.

The tussle between Supreme court and PML-N 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 Karachi stock exchange -100 index started the week at the 42645 points and ended the week at  41206 points .

Future Outlook

Market analysts are expecting a negative market trend  in the upcoming week.The political uncertainty, shortened trading week and international oil prices will play an important role in affecting the Pakistan stock market. NAB has recommended to seize all the assets of Nawaz sharif  before starting a legal trial against him.Opposition leader Sheikh rasheed is planning to file corruption references against the Prime Minister Shahid Khaqan abbasi. He is accusing him of doing corruption in the famous LNG deal with the qatar. Any case against the PM can add to political temperature and will negatively affect the Pakistan stock market in the upcoming days.

The tussle between the USA and North Korea is affecting the international prices. North Korea has recently tested the hydrogen bomb nuclear device.The North Korean nuclear device test has caused a fall in the oil prices but expected war between both countries can create a supply crisis in Asia.The analysis conducted by the Money band Matters team showed that a war between North Korea and USA can affect more than 65 % of Asian oil supply.This is a very good opportunity for the speculators and day traders to earn some quick returns from volatility in the oil market.They can earn good returns by investing in the oil based stocks.

 

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About Emaad Qureshi