Stock market saw a mixed week as Karachi stock exchange-100 index rose by 23 points during the week.There was a low trading volume due to the shortened trading week.The week was shortened due to the Eid holidays.The trading was mainly affected by the falling international oil prices.Domestic and foreign investors took a back seat during the trading week.The foreign investors offloaded $ 5.27 million net equity during the week.
Source : Express Tribune
Karachi stock exchange-100 index started the week at 40340 points and ended the week at 40363 points.The share trading volume was 1381 .661 million shares as compared to the last week’s volume of 2285 million shares.The share trading volume showed a 39 % decrease as compared to the last week’s volume of 2285 million shares.The market also touched highest daily share trading volume of 850.500 million shares since march 2005. Following are the major gainer and loser companies of the week.
Top 5 gainer companies
Net / Pct
|Indus Motor||1,259.35||1,322.31||1,264.99||1,322.31||1,308.49||85,050||299||62.96 [5.00 %]|
|Hinopak Motor||1,062.42||1,115.54||1,085.00||1,115.54||1,114.72||14,520||122||53.12 [5.00 %]|
|Sanofi-Aventis.||820.00||861.00||820.00||861.00||855.10||2,050||24||41.00 [5.00 %]|
|Ferozsons Lab.||882.13||926.23||900.00||913.64||918.59||64,300||411||36.87 [4.18 %]|
|Khyber Tob||593.63||623.30||600.00||623.30||617.09||900||9||29.67 [5.00 %]|
Top 5 loser companies
Net / Pct
|Unilever Pak Food||5,250.00||5,300.00||5,100.00||5,100.00||5,150.00||80||2||-150.00 [-2.86 %]|
|Island Tex.||1,315.55||1,379.89||1,249.78||1,279.91||1,288.39||800||16||-35.64 [-2.71 %]|
|Murree Brewery||1,200.18||1,210.00||1,165.00||1,188.53||1,186.19||18,200||218||-11.65 [-0.97 %]|
|Feroze 1888||231.00||230.00||222.00||222.50||224.17||600||6||-8.50 [-3.68 %]|
|Punjab Oil||348.15||340.00||339.00||340.00||341.63||300||3||-8.15 [-2.34 %]|
Source : KHI stocks
Best and Worst Performers
Telecom and auto sectors showed a very good performance during the shortened week. Hino Pak and Indus Motor Co were the best performing stocks in the auto sector. The stocks of the Hino Pak and Indus Motor Co offered 5 % each returns to the investors during the week.The World Call stock was the prime gainer in the telecom sector.It showed 50 % increase in the value during the week.
Most of the market analysts believe that stock market will continue its upward movement in upcoming days.Investors have showed a enormous confidence on the domestic stock market in last few weeks as Karachi stock exchange -100 index touched new heights.It is expected that investors will mostly play in penny stocks.
The domestic political environment and international oil prices will play most important role in affecting the trading behaviors of the investors. PTI has announced to march towards the Rawind to protest against the corruption scandals of the Prime Minister Nawaz sharif. This march will create further instability in the domestic political environment.This unstable environment will affect the trading behaviors of the investors. PML-N government should take measures to solve this issue as soon as possible.