Karachi stock Exchange continued its upward movement this week , as KSE-100 index climbed 967 points, mainly due to good financial results of the auto sector ,local buying and improved political situation. KSE-100 index started at 30377 points on Monday and closed at 31344 points on Friday. Its value increased by the 4.15 % from Rs 7.552 Trillion to Rs 7.866 Trillion. The total turnover was 141 million shares with the trading value of Rs 187051356419.The investors mostly showed their interest in auto and cement sectors.Top 5 gainers of the week were the following companies.
|Nestle Pakistan [453,496,000]||8,800.00||8,900.00||95.00||8,900.00||8,800.00||8,850.00||40|
|Exide Pakistan Ltd [77,686,000]||2,025.41||2,016.88||87.91||2,025.41||1,915.00||2,006.77||21,900|
|Murree Brewery Co Ltd [230,530,000]||1,028.49||1,050.00||50.00||1,050.00||1,028.49||1,048.75||13,360|
|Atlas Battery Ltd [173,996,000]||913.78||913.73||43.46||913.78||900.00||911.53||26,600|
|Hino Pak Motors Ltd [124,006,000]||874.99||904.42||43.06||904.42||874.99||893.55||20,400|
|Sanofi-Aventis Ltd [96,448,000]||833.60||833.60||39.69||833.60||833.60||833.60||650|
|Mari Petroleum Company Limited [1,102,500,000]||693.27||693.27||33.01||693.27||670.01||687.35||976,900|
|AKZO Nobel Pakistan Ltd [464,433,000]||478.48||478.48||22.78||478.48||467.00||477.48||360,200|
|Bhanero Textile Mills Ltd [30,000,000]||522.00||522.00||18.50||522.00||522.00||522.00||300|
|Jubilee Life Insurance Co Ltd. [721,188,000]||315.00||330.23||15.29||330.68||315.00||329.03||9,9|
Following important news affected the stock market during the week.
(i) SBP cuts the discount rate by 50 bps to 9.5% .
(ii) Auto sales increased by 27 % as compared to the last year sales
(iii) Oil prices decreased in the international market
(iv) Government has decided to import LNG from March next year.
(v) Political tensions eased in the week
Stock analysts are really optimistic about the market for next week specially after discount rate cut by the State Bank of Pakistan.They are expecting a upward trend in the market in next week also.The market increase will be mainly due to increased local buying especially in the auto and cement sector.So this means investor must hold their investments in these sectors..Government has to play its due role in keeping the political and economic environment stable,so that investors can reap benefits of their investments.