Karachi stock Exchange showed a downward slide this week,mainly due to latest slide in oil prices,political uncertainty and profit taking by the investors. KSE-100 index started at 30158 points on Monday and closed at 29883 points on Friday. Its value decreased by the 0.9% from Rs 7.236 trillion to Rs 7.1708 trillion. The total turnover was 1081373590 shares with the trading value of Rs 47828505600 .The investors mostly showed their interest in banking,cement and auto industry.
Following are the top gainers and losers in the week at Karachi Stock exchange.
|Pakistan Telecommunication Ltd (A) [37,740,000,000]||22.70||22.15||-0.93||22.70||21.93||22.01||22,163,500|
|Ghani Automobile Industries [500,000,000]||7.06||6.41||-0.65||7.19||6.30||6.64||13,513,500|
|Pervez Ahmed Security. [1,865,685,000]||3.75||3.62||0.02||3.90||3.60||3.74||8,147,000|
|Dewan Farooque Motors Ltd [1,087,352,000]||10.42||10.10||-0.18||10.51||9.81||10.13||4,628,500|
|Jahangir Siddiqui & Co Ltd [7,632,853,000]||10.25||10.07||-0.03||10.47||10.04||10.25||4,590,000|
|Maple Leaf Cement Factory Ltd [5,277,339,000]||28.60||28.55||0.13||28.95||28.46||28.71||4,457,500|
|Avanceon Limited [1,056,993,000]||28.77||28.33||0.21||28.90||27.62||28.38||3,749,000|
|Pakistan International Bulk Terminal Limited [7,586,145,000]||23.01||23.64||1.12||23.64||22.90||23.38||3,669,000|
|Lafarge Pakistan Cement Ltd [14,561,090,000]||16.80||16.64||-0.06||16.90||16.60||16.72||3,610,000|
|Kohinoor Textile Mills Ltd [2,455,262,000]||23.75||25.15||1.19||25.15||23.75||24.98||3,177,000|
Following important news affected the stock market during the week.
(i) Tariff structure of the auto industry revised and duty also reduced for the auto industry
(ii) IMF hints at releasing additional $1.1 billion to Pakistan in the month of December this year.
(iii) Petroleum prices reduced in Pakistan
Stock analysts are expecting a positive trend at Karachi stock exchange in next week.It is expected that auto industry and banking sector will attract maximum investment from the investors. So investors should hold their investments in these sectors,as prices will rise throughout the week.On the other hand,more selling will take place in the oil and gas sector,as investor are looking to decrease their investments in these sectors.
Government should also play its role in solving the political uncertainty,as it will help in creating suitable environment for the stock investment and will also attract more investments at the Karachi stock exchange.