At last Karachi stock market recovered as Karachi stock exchange 100 index rose by 1456 points during the week .Strong market fundamentals ,positive buying by the foreign investors and low inflation for the month of march 2015 were three main reasons for the recovery of Karachi stock market.
The Karachi stock exchange 100 index opened at 29957 points and ended the week at 31413 points .Karachi stock market also showed a considerable improvement in the weekly share trading volume as it was 1270 million shares this week , which is 45 % improvement in comparison with last week .
According to the details banking sector was the major beneficiary of the recent boost in the stock as it contributed 385 points in the Karachi stock exchange 100 index.The major loser during the week was oil and gas sector which caused decline of 162 points in the Karachi stock exchange 100 index.Following were the major gainers and losers of the week at Karachi stock market .
|Rafhan Maize Products Ltd [92,364,000]||9,701.00||9,889.86||188.86||10,300.00||9,600.00||9,724.42||180|
|Siemens (Pakistan) Engineering Co Ltd [82,470,000]||882.29||1,047.82||165.53||1,047.82||838.18||960.33||3,040|
|Bata Pakistan Ltd [75,600,000]||3,150.00||3,307.00||157.00||3,307.00||2,992.50||3,190.61||700|
|Exide Pakistan Ltd [77,686,000]||1,029.98||1,179.67||149.69||1,179.67||930.00||1,071.95||12,880|
|Dreamworld Ltd [320,000,000]||257.00||325.46||68.46||325.46||325.33||330.16||100|
|Hino Pak Motors Ltd [124,006,000]||852.86||920.55||67.69||935.00||769.71||864.32||24,650|
|Atlas Battery Ltd [173,996,000]||664.54||729.00||64.46||729.50||631.32||676.65||20,000|
|Pak Suzuki Motors Co Ltd [822,999,000]||347.36||399.95||52.59||399.95||330.00||361.14||772,000|
|Pakistan Tobacco Co Ltd [2,554,938,000]||850.50||899.99||49.49||950.00||848.34||903.43||15,600|
|Abbott Laboratories Pakistan Ltd [979,003,000]||498.09||547.29||49.20||555.50||473.19||513.62||189,400|
|Unilever Pakistan Food Limited [61,576,000]||8,501.00||8,055.05||-445.95||8,479.00||8,055.05||8,272.72||180|
|Wyeth Pakistan Ltd [142,161,000]||2,675.00||2,300.00||-375.00||2,541.25||2,300.00||2,408.07||320|
|Colgate Palmolive (Pakistan) Ltd [479,549,000]||1,740.00||1,620.00||-120.00||1,735.65||1,600.00||1,643.01||3,860|
|Indus Dyeing & Manufacturing Co [180,737,000]||703.50||625.42||-78.08||668.33||625.42||647.49||250|
|Sanofi-Aventis Ltd [96,448,000]||690.50||625.00||-65.50||660.00||600.00||631.24||2,200|
|Service Industries Ltd [120,288,000]||806.00||747.99||-58.01||770.00||728.00||747.25||6,250|
|Sapphire Textile Mills Ltd [200,831,000]||500.00||454.00||-46.00||476.00||454.00||454.18||5,500|
|Philip Morris (Pakistan) Limited [615,803,000]||1,145.00||1,103.61||-41.39||1,130.00||1,087.75||1,114.95||1,300|
|Murree Brewery Co Ltd [230,530,000]||986.84||957.61||-29.23||1,036.00||957.19||1,000.10||34,600|
|Bhanero Textile Mills Ltd [30,000,000]||448.40||420.06||-28.34||425.98||420.00||422.01||2,60|
Following are most important news that dictated the proceedings at the Karachi stock market
- Foreign investors bought securities of net value $4 million during the week
- IMF approved and released 7th installment of its loan program for Pakistan .the value of the installment is $501.4 million .
- Government announced 7% increase in the petroleum prices.
- State bank is expected to reduce discount rate in coming months
Stock market analysts are expecting more recovery at the Karachi stock market in the coming weeks .The upcoming stock market recovery will be mostly fueled by expected discount rate cut and low inflation results .Market experts are advising investors hold their positions at least for current week .