Karachi stock market saw an another bad week as the Karachi stock exchange 100-index lost more than 911 points during the week.Bad security situation,NAB investigation fears and volatility in the international oil market were the three main influencing factors .The whole week was very negative and depressing for the investors.The market only showed some improvement on Wednesday when oil prices made some recovery in the international stock market.The index rose by 154 points on that day.
The above mentioned factors affected both International and domestic investors alike.The foreign investors were net sellers this week as they offloaded equity of more than $ 4.7 million during the week.The foreign investors are still confused about the future of the market as there is uncertainty in the political and economic environment of the country.
The Karachi stock exchange 100-index started the week at 33672 points and ended the week at the 32760 points.The average weekly share trading volume was 676 million shares.It showed a 34 % decrease as compared to the last week.Following are the major gainer and loser companies at the Karachi stock market.
|Colgate Palmolive (Pakistan) Ltd [479,549,000]||1,330.00||1,390.00||60.00||1,399.00||1,331.00||1,393.58||240|
|Indus Dyeing & Manufacturing Co [180,737,000]||1,150.00||1,207.49||57.49||1,207.49||1,207.49||1,207.49||50|
|Sapphire Textile Mills Ltd [200,831,000]||846.01||885.00||38.99||885.00||885.00||840.75||100|
|Island Textile Mills Ltd [5,000,000]||798.00||834.99||36.99||834.99||758.20||807.64||1,700|
|Sanofi-Aventis Ltd [96,448,000]||640.00||667.00||27.00||667.00||635.00||640.27||1,300|
|Rafhan Maize Products Ltd [92,364,000]||9,400.00||8,900.00||-500.00||9,011.00||8,590.01||8,769.43||200|
|Unilever Pakistan Food Limited [61,576,000]||7,130.00||7,000.00||-130.00||7,000.00||7,000.00||7,214.90||20|
|Service Industries Ltd [120,288,000]||850.00||750.03||-99.97||840.00||750.00||805.55||6,700|
|Siemens (Pakistan) Engineering Co Ltd [82,470,000]||1,142.00||1,096.50||-45.50||1,119.00||1,055.00||1,088.28||1,160|
|Abbott Laboratories Pakistan Ltd [979,003,000]||691.00||650.00||-41.00||671.00||650.00||662.10||1,050|
According to the market analysts the overall sentiment of the stock market is negative at the moment.The expected NAB investigations and uncertainty in the international stock market is creating fears in the minds of the investors.This means that market will remain under pressure in next week.Other than that the upcoming trading week will be dull as Eid-ul-Azha is just around the corner.