Pakistan stock exchange previously known as Karachi stock exchange saw a negative week as the Karachi stock exchange -100 index lost 694 points during the week.The low oil prices in the international market and bad performance of the Chinese stock market have caused domestic market to fall sharply during the week .
The trading behavior of the domestic investors was mostly influenced by the negative developments taken place at the international stock markets.Foreign investors also followed the same trading behavior throughout the week.Foreign investors were the net sellers as they sold net equities of about $11.25 million.
The Karachi stock exchange -100 index started the week at 33265 points and ended the week at 32534 points.The weekly share trading volume showed an improvement of 5.4 % during the week.The weekly share volume in the week was 599 million shares as compared to the 568 million shares of the last week.
The slump in the international oil prices badly affected the domestic stock market.The shares of the companies like OGDCL and POL lost their values during the week.The stocks of POL and OGDCL lost 8.33 % and 10.69 % during the week.Following are the major gainer and loser companies at the Karachi stock market.
|Unilever Pakistan Food Limited [61,576,000]||5,950.00||6,200.00||250.00||6,200.00||6,000.00||6,042.10||160|
|Ferozsons (Laboratories) Ltd [301,868,000]||1,107.99||1,268.65||160.66||1,298.00||1,075.00||1,192.11||564,800|
|Pakistan Tobacco Co Ltd [2,554,938,000]||1,168.99||1,224.75||55.76||1,240.00||1,190.00||1,208.18||3,600|
|Hino Pak Motors Ltd [124,006,000]||1,032.50||1,079.24||46.74||1,093.99||1,011.00||1,066.58||43,900|
|Colgate Palmolive (Pakistan) Ltd [479,549,000]||1,450.00||1,494.80||44.80||1,494.80||1,450.00||1,465.66||2,240|
|Rafhan Maize Products Ltd [92,364,000]||9,050.00||8,700.00||-350.00||8,700.00||8,700.00||8,695.00||20|
|Nestle Pakistan [453,496,000]||7,800.00||7,530.00||-270.00||7,800.00||7,411.00||7,763.29||1,880|
|Murree Brewery Co Ltd [230,530,000]||988.83||913.31||-75.52||940.00||875.00||916.18||2,240|
|AKD Capital Ltd [25,073,000]||316.75||252.59||-64.16||303.94||252.59||294.83||—|
|Exide Pakistan Ltd [77,686,000]||938.75||876.21||-62.54||944.00||875.50||905.08||1,850|
The future of the local stock market is dependent on the international oil prices and the performance of the international stock markets.The local political developments can also affect the proceedings at the Pakistan Stock exchange.