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Karachi stock exchange -100 index reached record levels

Pakistan stock market saw a positive week as Karachi stock exchange -100 index climbed by 377 points during the week.The news about corporate earnings and fluctuations in the international oil prices were two main factors affecting the trading sentiment of the investors.

Karachi stock exchange-100 index started the week at 39151 points and ended the week at 39528 points.Currently Karachi stock exchange -100 index is standing at the record level of 39,528 points.The share trading volume showed a 11.7 % decrease as compared to the last week.The share trading volume in the week was 914.34 million shares as compared to the last week’s volume of 1035.5 million shares.Following are the Top Gainer and loser companies of the week.

Top 5 Gainers Of the week

Company Open High Low Close Avg. Volume Trades Change
Net / Pct
Rafhan Maize 7,379.99 7,499.90 7,380.00 7,499.90 7,406.81 220 4 119.91 [1.62 %]
J. D. W. Sug. 416.00 434.50 434.50 434.50 434.50 100 1 18.50 [4.45 %]
Tandlianwala 319.20 335.00 335.00 335.00 335.00 100 1 15.80 [4.95 %]
Packages Ltd 689.05 706.99 681.00 703.06 697.48 11,350 61 14.01 [2.03 %]
Feroze 1888 256.86 269.70 269.70 269.70 269.70 100 1 12.84 [5.00 %]

Top 5 Losers of the Week

Company Open High Low Close Avg. Volume Trades Change
Net / Pct
Abbott Lab. 800.00 800.00 770.00 780.31 780.48 13,200 75 -19.69 [-2.46 %]
Archroma Pakistan 509.41 500.02 485.60 493.87 493.95 14,300 68 -15.54 [-3.05 %]
Pak Tobacco 1,195.83 1,215.00 1,169.00 1,180.75 1,195.30 400 9 -15.08 [-1.26 %]
Pak Suzuki 413.99 403.49 397.11 401.55 400.40 291,900 536 -12.44 [-3.00 %]
Nestle Pakistan 7,509.80 7,500.00 7,500.00 7,500.00 7,500.00 20 1 -9.80 [-0.13 %]

Source : KHI Stocks

Foreign and domestic investors showed enormous interest in the Pakistan stock market.Foreign investors were net buyers this week,as they bought net securities of about $ 10.94 million during the week.This is a very good improvement ,if we compare it with the net outflow of $ 11.49 million of last week.

Pakistan stock market started the week at the negative note as international oil prices fell on the first day of the week.The Karachi stock exchange-100 index fell by 134 points during the first day of the trading week.The index improved in next four days and rose by 511.50 points .The trading behavior on last four days was mostly influenced by volatile trading and corporate earning expectations .

Pakistan stock market

Source : Express Tribune

Best and Worst Performers of the Week

Banking,cement and telecommunications sectors were three best performers of the week.Their main shares showed considerable improvement during the whole week.Banking sector shares like Allied Bank limited,Habib Bank limited and Habib Metro Bank showed very good growth during the week.The shares prices of Allied Bank limited,Habib Bank limited and Habib Metro Bank increased by2.62 %,4.48 %and 4.32 %.

Telecommunications companies like PTCL were top performers of the sector. The shares prices of PTCL increased by . Cement sector also performed well during the trading week .Its best performing stocks were Attock Cement, bestway cement and DG Khan Cement.The share prices of Attock Cement, bestway cement and DG Khan Cement increased by 3.88 %,3.25 % and1.58 %during the week.

The Oil and gas sector was the worst performer at the Pakistan stock market.Oil and gas sector added -209 points in the Karachi stock exchange -100 index.The Pakistan oil field was the worst performing stock of the week as its share prices decreased by 7.74 %.

Future Outlook

Market analysts at KASB securities are quite upbeat about the Pakistan stock market.They believe that upcoming corporate earnings will play an important role in maintaining the interest of investors in the market.The fluctuations in the international oil prices will also influence the trading behaviors of the investors. Other market analysts are advising investors to trade in blue chip companies in current market conditions. Blue chip companies in the cement sector are best investment option for the long and short term investors.

Market analysts believe that domestic political environment can also affect the proceedings at the Pakistan stock market. PTI and PAT have announced to start street movement from the next month.They are planning to disrupt the government through their protests. PML-N government and allies have so far failed to solve the Panama leaks issue and that thing is creating instability in the domestic political environment. Government must engage all the stakeholders to solve this issue as soon as possible.

About Emaad Qureshi