Karachi stock market showed a bearish trend as Karachi stock exchange -100 index fell by 277 points during the week. Most of local investors took a backseat due to shortened trading week and negative market sentiment at the stock market.
The Karachi stock exchange -100 index started the week at 32777 points and ended the week at the 32500 points.The weekly share trading volume decreased by 60% during the week .The share trading volume was 273 million shares as compared to 695.5 million shares in the last week.
Technology and Oil & Gas sector showed decent performance during the week.Positive industry wise news affected the performance of these sectors.Following are the major gainer and loser companies at the Karachi stock market.
|Rafhan Maize Products Ltd [92,364,000]||8,500.00||8,899.99||399.99||8,899.99||8,500.00||8,700.00||40|
|Nestle Pakistan [453,496,000]||7,000.11||7,350.00||349.89||7,400.00||6,999.00||7,263.72||220|
|Highnoon (Laboratories) Ltd [203,621,000]||527.77||567.45||39.68||571.83||523.00||546.04||185,400|
|Cherat Packaging Limited [275,400,000]||280.28||314.84||34.56||320.18||280.00||305.28||153,800|
|Hino Pak Motors Ltd [124,006,000]||1,001.65||1,026.89||25.24||1,043.00||1,000.00||1,020.76||11,950|
|Colgate Palmolive (Pakistan) Ltd [479,549,000]||1,500.00||1,426.00||-74.00||1,500.00||1,426.00||1,472.95||200|
|Ferozsons (Laboratories) Ltd [301,868,000]||1,093.13||1,021.06||-72.07||1,102.00||1,006.00||1,040.55||236,350|
|Ghani Glass Ltd [1,232,190,000]||160.63||90.74||-69.89||161.50||90.49||115.56||395,000|
|Pakistan Tobacco Co Ltd [2,554,938,000]||1,000.00||931.15||-68.85||999.99||921.50||955.90||1,050|
|Indus Dyeing & Manufacturing Co [180,737,000]||992.75||935.00||-57.75||1,040.00||912.00||972.30||7,350|
According to the market analysts, stock market will eventually see a bull run in the next week.The main reason for their optimism is the upcoming corporate earning season in the financial market.The resumed political dialogue between the India and Pakistan will also positively affect the trading at the stock market in next few days.