Karachi stock market continued to fall in spite of very encouraging inflation figures for the month of February 2015. Karachi stock exchange -100 index fell 369 points during the week,mainly because of panic selling by the foreign investors.The average weekly trading share volume increased by 0.63 % during the week.It was.857.5 million shares last week and this week it was 863 million shares . The market value decreased by 1.83 % to Rs 7.48 Trillion, as it was 7.62 Trillion last week. The Karachi stock market value decreased by Rs 0.14 Trillion during the week.
Energy and banking was the major affectee of the recent downfall of the Karachi stock market,as their main shares tumbled at the Karachi stock exchange.These two sectors collectively caused Karachi stock exchange-100 index to lose 211 points during the week.Following were the top gainers and losers of the week at the Karachi stock market.
Following important news affected the Karachi stock market proceedings during the week
- Securities and exchange commission approved the draft of the Securities act 2015
- Foreign investors continued to sell their stocks this week ,as they sold net equity of more than $4.4 million during the week
- The inflation rate for the month of the February 2015 was 3.24 %
What is the future outlook?
Stock market analysts are expecting a very volatile and negative trend this week,as local and foreign investors are extremely negative about the Karachi stock market. Experts are advising the stock traders to invest mostly in the cement and food sectors.