Karachi Stock Market saw another week of recovery as Karachi stock exchange-100 index gained 955 points during the week.It also crossed the psychological barrier of 34000 points during the week.This positive trend was mainly influenced by the low inflation figures of May 2015 ,increased investment by the foreign investors and discount rate reduction by the State Bank of Pakistan.
Karachi Stock market started the week at 33056 points and ended the week at 34012 points.The weekly share trading volume showed an increase of 69.5 % during the week.It was 1577 million shares this week as compared to the figure of 930 million shares last week.The market value also showed an increase as it currently stands at Rs 7.33 Trillion.Following are the major losers and gainers companies of the week
|Unilever Pakistan Food Limited [61,576,000]||7,500.00||8,390.00||890.00||8,390.00||7,255.00||7,778.64||280|
|Colgate Palmolive (Pakistan) Ltd [479,549,000]||1,425.00||1,602.31||177.31||1,610.00||1,400.00||1,519.85||5,740|
|Murree Brewery Co Ltd [230,530,000]||900.22||1,040.00||139.78||1,049.27||900.00||964.03||110,400|
|Indus Dyeing & Manufacturing Co [180,737,000]||898.98||1,010.00||111.02||1,015.00||920.00||961.99||1,100|
|Sanofi-Aventis Ltd [96,448,000]||600.00||675.00||75.00||698.50||580.10||652.23||3,800|
|Rafhan Maize Products Ltd [92,364,000]||9,000.00||8,800.00||-200.00||8,980.00||8,800.00||9,051.01||320|
|Pakistan Tobacco Co Ltd [2,554,938,000]||984.08||900.00||-84.08||970.00||875.00||933.82||5,350|
|Exide Pakistan Ltd [77,686,000]||1,103.00||1,077.49||-25.51||1,120.00||1,050.00||1,080.92||2,380|
|Sapphire Fibres Ltd [196,875,000]||539.97||528.99||-10.98||538.60||500.00||512.64||3,500|
|Packages Ltd [883,795,000]||567.04||556.41||-10.63||573.00||550.00||561.68||73,200|
Investors mainly showed their interest in the banking and cement sectors.The banking and cement sectors collectively added 436 points to the Karachi Stock exchange -100 index.Local investors showed a special interest in these two sectors.
According to the stock market analysts different tax rates imposed by the government in the budget will negatively affect the market in coming days.Government increased tax rates on the capital gains made through stock trading and also on earnings made through banking sector.