Karachi stock exchange bounced back and recovered all its losses of previous weeks.Stock traders showed their interest in banking,energy and fertilizer sectors ,as buying in these sectors helped the KSE-100 index to escalate by 982 points.The value of the stock index increased by Rs 0.23 trillion (3.22%) from 7.13 Trillions to Rs 7.37 Trillions.Its trade volume also improved from the last week by 92 million shares . According to the stock market experts stable political situation contributed to the recent stock market surge.Political stability and strong market activity also attracted the foreign investors ,who invested more than $7.8 million in the market during the week. Following are the top 10 gainers and losers companies of the Karachi Stock Market.
Following news affected the stock market activity during the week
- Global oil prices remained stable during the week
- Political deadlock ended,as PTI-Government dialogue resumed again
- Foreign exchange reserves touched the $15 Billion figure
- IMF released fifth and sixth installment of the loan program for the Pakistan
Market experts are again expecting a positive trend next week,as investors have finally regained their confidence on the market and the economy.Investors remained cautious last week due to fluid political and security situation. Experts are advising stock traders to invest in the blue chip stocks of stable sector such as financial sector,as it is showing very good prospects in the future. Government should also take one step forward and resolve all the disputed political issues with the opposition parties,as dispute irresolution will play an important role in improving the political and economic situation of the country.