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Weekly Report from Karachi Stock Market (From July 7 2014 to July 12 2014)

KSEDuring the previous trading week, trading activity at Karachi Stock Exchange remained bearish all week long. None of the days has shown upward activity overall. KSE 100 index was closed on 29,318.06 as compare to the last week of 29,619.84. It was a decrement of 301.78 points or 1.02 percent in overall trading activity.
The downward trend can be seen in the above given line chart. Out of total 584 companies listed, total number of traded companies is 407. Out of those traded companies, 119 went up, 261 remained high, and 27 remained static. Each of the market indicator remained on downward position including market capitalization, turnover, trading value, trades, and paid up capital. There is a little hope for any breakout in the upcoming week.
Following is a list of top ten losers, gainers, and the volume leaders along with their market capitalization in PKR:

  Top Gainers Top Losers Volume Leaders
Unilever Pakistan Food Limited [61,576,000] Wyeth Pakistan Ltd [142,161,000] Lafarge Pakistan Cement Ltd [13,126,445,000]
Shezan International Ltd [60,000,000] Siemens (Pakistan) Engineering Co Ltd [82,470,000] Fauji Cement Co Ltd [13,311,158,000]
Pakistan Services Ltd [325,242,000] Sanofi-Aventis Ltd [96,448,000] Lotte Chemical Pakistan Limited [15,142,072,000]
Island Textile Mills Ltd

[5,000, 000]
Nestle Pakistan

[453, 496,000]
K-Electric Limited

[96,653 ,179,000]
Bata Pakistan Ltd [75,600,000] National Foods Ltd [518,042,000] The Bank of Punjab Ltd

[15,551, 131,000]
Salfi Textile Mills Ltd [33,426,000] Indus Dyeing & Manufacturing Co [180,737,000] Bank Al-Falah [13,491,563,000]
Mahmood Textile Mills Ltd [150,000,000] Packages Ltd [843,795,000] NIB Bank Ltd. [103,028,512,000]
ICI Pakistan Ltd [923,590,000] Philip Morris (Pakistan) Limited [615, 803,000] Pakistan Telecommunication Ltd (A)

[37,740,000 ,000]
Artistic Denim Mills Ltd [840,000,000] Gillete Pakistan Ltd

[192 ,000,000]
Pakistan International Airlines Corp (A)

[25,767,4 48,000]
Engro Corporation Limited [5,169,697,000] Colgate Palmolive (Pakistan) Ltd [479,549,000] Sui Southern Gas Pipline Co Ltd [8,389,6 80,000]

Following is a list of news which affected the trading activity at most:

• Weekly inflation rose up on noticeable rate. It was a negative sentiment due to high Ramadan prices schedule.
• Federal government has offered Utility Stores Corporation in which consumers can get benefit of the subsidized consumer goods. Irregularities have been reported on noticeable figures which are required to fix up in order to provide uninterrupted services.
• Cotton formers have been advised by agriculture experts to withdraw weeds as soon as possible because there is a severe risk of white fly attack on cotton crops due to transforming weather conditions. The risk is even more in south Punjab region.

Federal minister for finance Mr. Ishaq Dar has called up a meeting to aid Pak Iran trade via road. However many stakeholders have shown their securities on this issue.

This year fishery and sea food exports have observed a rise equal to 15.25 percent despite of fluctuating and uncertain situation in Karachi throughout the year.

A report reveals that Pakistanis are used to spend most of their income to consume food. For instance, on an aggregation, 17 percent of total GDP is spent on food and related products.

About Emaad Qureshi