Karachi Stock Exchange-100 index fell by 297 points this week, mainly due to political instability and slide in oil prices in local/ international market. Karachi Stock Exchange-100 index started at 31495 points on Monday and closed at 31198 points on Friday. Its value decreased by 1.20%,as it decreased from Rs 7.49 Trillion to Rs 7.40 trillion.The share trade volume of the Karachi stock market was 1295 million shares this week The investors mostly showed their interest in power and cement sectors.Top 5 gainers of the week were the following companies.
|Maple leaf cement||34.03||36.65||2.62||36.65||32.49||34.56||52418000|
|Pakgen Power Limited||22.73||24.31||1.48||24.65||22.70||23.57||9735000|
Following important news affected the stock market during the week.
(i) Reduction in petroleum prices from Rs 94.90 to Rs 84.53.
(ii) Urea sales dropped by 14% as compared to the last year
(iii) Foreign portfolio investment dropped by 142% a compared to the last week
(iv) Overall country inflation decreased a compared to the last month
(v) Political tensions are increasing,as PTI has announced political rally in capital on 30th November,2014
Stock analysts are expecting a mixed trend next week.Political tensions are increasing ,so investors at stock market are really cautious about their investments. Market analysts are advising investors to avoid new buying,as political situation is not so stable.Investors should hold their investments,as future market trend is not clear.So this means that investors must show extreme level of patience to get good result from their investments. According to the political and market analysts , government must play a active role to solve this ongoing political crisis.It is very necessary to solve this crisis , as it is really affecting the stock market and the overall economy badly.