Pakistan stock market saw a mixed week as Karachi stock exchange 100 index lost 37 points during the week. The index followed a seesaw route during the week as different factors affected the trading at the Pakistan stock market. The falling oil prices in the international markets and the profit taking by the investors were two most important reasons for the current scenario at the local stock market.
Karachi stock exchange -100 index started the week at a positive note as most of the investors were busy investing in blue chip companies. The market followed a seesaw path in the next four trading days as factors like falling oil prices and good expectations for the upcoming corporate upcoming results kept investors busy thinking about the future of the market. Banking and cement stocks were also created negativity in the stock market.
Foreign and domestic investors were little confused about the local market. Foreign investors were net sellers last week. They sold net equity of about $ 11.5 million as compared to the net buying of $ 21.4 million in the previous week.
Karachi stock exchange 100-index started the week at the 39114 points and ended the week at the 39151 points. The weekly share trading volume showed 6.75 % rise as compared to the previous week’s trading volume. The share trading volume of this week was 1035.5 million shares as compared to the last week’s trading volume of 970 million shares. Following are top 5 weekly gainer and loser companies at the Pakistan stock market.
Top 5 Gainers
Net / Pct
|Rafhan Maize||7,118.97||7,474.90||7,000.00||7,299.00||7,178.75||11,500||56||180.03 [2.53 %]|
|Nat. Refinery||536.56||559.89||540.10||555.02||553.42||1,276,800||3,594||18.46 [3.44 %]|
|Biafo Ind.||263.20||276.36||264.00||276.20||274.93||237,000||469||13.00 [4.94 %]|
|K.S.B. Pumps||255.67||268.45||260.00||267.07||266.37||92,200||160||11.40 [4.46 %]|
|Feroze 1888||219.70||230.68||221.00||229.99||229.97||3,900||23||10.29 [4.68 %]|
Top 5 losers
Net / Pct
|Hinopak Motor||992.31||1,010.00||942.70||942.70||976.45||15,080||216||-49.61 [-5.00 %]|
|Ghandhara Ind||492.07||491.00||467.50||470.03||476.74||175,700||648||-22.04 [-4.48 %]|
|Punjab Oil||279.90||267.00||265.91||265.91||266.13||500||2||-13.99 [-5.00 %]|
|AL- Abbas Sug.||274.62||264.00||263.00||263.50||263.50||200||2||-11.12 [-4.05 %]|
|Philip Morris Ltd||1,460.00||1,450.00||1,450.00||1,450.00||1,450.00||200||1||-10.00 [-0.68 %]|
Source : Business Recorder
Market analysts are expecting an exciting trading sessions in upcoming week. They are quite upbeat about the market sentiments in the upcoming week. The upcoming monetary policy and fluctuations in the international oil prices can play an important role in affecting the investing behaviors of the investors. Domestic political environment can also create negativity for the Pakistan stock market. Government should solve the Panama issue as soon as possible as PTI has announced to start a street movement from the 7th August 2016.by