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Weekly Review : Mixed Trend at Pakistan stock market

Pakistan stock market saw a mixed week as KSE 100-index dropped by almost 200 points during the week.The market opened the week in a negative zone as local political scene was surrounded by rumors due to panama leaks.The index fell by 401 points on the first day of the trading week.It showed some recovery  in next few days as oil prices improved in the international markets.

Pakistan stock market

Source : Express Tribune

KSE-100 index started the week at 33767 points and ended the week at the 33967 points.The share trading volume at Pakistan stock market saw a steep decline during the week.The weekly share trading volume fell by 30.85 %.It was 951.64 million shares as compared to share trading volume of 1376.25 million shares in previous week. Following are the major gainer and loser companies at the Pakistan stock market.

Top 5 Gainers
Company Rate Turnover*
Open Close Diff High Low Avg.
Rafhan Maize Products Ltd [92,364,000] 7,750.00 8,137.50 387.50 8,137.50 8,100.00 8,106.88 40
Colgate Palmolive (Pakistan) Ltd [479,549,000] 1,460.00 1,575.00 115.00 1,575.00 1,499.99 1,526.67 160
Wyeth Pakistan Ltd [142,161,000] 1,645.98 1,728.26 82.28 1,728.26 1,728.26 1,728.26 20
Siemens (Pakistan) Engineering Co Ltd [82,470,000] 788.00 833.85 45.85 840.00 778.00 808.03 3,000
National Refinery Ltd [799,666,000] 279.93 314.12 34.19 322.61 281.50 296.66 4,005,200

 

Top 5 Losers
Company Rate Turnover*
Open Close Diff High Low Avg.
Nestle Pakistan [453,496,000] 7,900.00 7,520.00 -380.00 8,289.00 7,520.00 7,620.55 620
Pakistan Tobacco Co Ltd [2,554,938,000] 1,336.00 1,100.00 -236.00 1,269.30 1,072.89 1,215.97 1,860
Unilever Pakistan Food Limited [61,576,000] 5,555.00 5,325.00 -230.00 5,325.00 5,186.05 5,439.26 140
Highnoon (Laboratories) Ltd [203,621,000] 548.14 450.82 -97.32 549.00 450.01 490.88 232,700
Philip Morris (Pakistan) Limited [615,803,000] 1,710.00 1,631.00 -79.00 1,705.72 1,624.50 1,705.30 200

Source : Business Recorder

Domestic and foreign investors seemed least interest in buying shares at the Pakistan stock market. Foreign investors were net sellers this week as they sold net equity of $ 1.46 million during the week.

Future Outlook

Market analysts are expecting a positive market trend in the upcoming week.This trend will be mainly influenced by the upcoming corporate results.The international oil prices and local politics will also affect the trading at the stock market.Experts believe that power sector stocks are very good  investment option as positive news is coming out of the power sector.The line losses are at record low 18 % and government is planning big power projects for the near future.

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About Emaad Qureshi