Pakistan stock market saw a mixed week as Karachi stock exchange-100 index rose by 134 points during the week. The political uncertainty ,profit taking and institutional selling were three major factors affecting the market sentiment of the Pakistan stock market. Foreign investors were not too much interested in the local bourses .Foreign investors offloaded net equities of $ 46.6 million during the week.
Pakistan stock market started the week with negative momentum and continued its momentum throughout the week.The momentum of the market was badly affected by the foreign and domestic selling in first two days of the week.There was a profit taking by the most investors at that time.
Karachi stock exchange-100 index started the week at 49210.24 points and ended the week at 49364.83 points. The weekly share trading volume showed an decrease as compared to the last week. The weekly share trading volume was approximately 1812.44 million shares.
Best and Worst Performers of the Week
Textile sector and fertilizer were two best performing sectors at the Pakistan stock market. Fertilizer sector improved its position after continuation of subsidies by government.
Market analysts are expecting a mixed trend in upcoming week.Supreme court proceedings and upcoming corporate earnings will define the momentum of the next week.The fluctuations of the international oil prices will also play an important role in affecting the market sentiment.