Pakistan stock market saw a mixed week as Karachi stock exchange 100-index climbed up by 148 points during the week. The market started the week at a positive note on the expectations of MSCI upgrade for the Pakistan stock market. The market gained 261 points during the first day of the trading week. Political uncertainty, fluctuations in the international oil prices and budget related news played an important role in influencing the investing behaviors of the investors in next four days of the trading week. Karachi stock exchange 100-index gained 0.4 % during the whole trading week.
Source : Express Tribune
Post Panama leaks political scenario really affected the investing sentiment of the investors. Stock traders were negatively affected by the political uncertainty. Pakistan stock market lost 114.72 points during the last four days of the trading week. The foreign and domestic investors took a backseat during the most of the trading sessions of the week .Foreign investors were net sellers at the Pakistan stock market. They offloaded net equity of $ 12.7 million during the week.
The Karachi stock exchange 100-index started the week at 35793 points and ended the week at 36122 points. The Karachi stock exchange 100 index touched the highest ever level of 36235 points this week. The weekly share trading volume showed an increase of 24 % as compared to the share trading volume of last week. The weekly share trading volume of this week was 1472 million shares as compared to the trading volume of 1199 million shares. Following are the major gainer and loser companies of the week.
|Wyeth Pakistan Ltd [142,161,000]||1,900.00||2,040.00||140.00||2,040.00||1,950.00||1,995.00||40|
|Sanofi-Aventis Ltd [96,448,000]||490.00||605.83||115.83||605.89||501.00||553.38||6,100|
|Feroze 1888 Mills Ltd [3,768,010,000]||144.00||183.70||39.70||183.70||151.15||166.76||2,500|
|Shield Corporation Ltd. [39,000,000]||559.10||585.00||25.90||585.00||585.00||585.00||100|
|Noon Pakistan Ltd [117,612,000]||94.37||120.00||25.63||120.42||90.90||107.93||6,442,100|
|Rafhan Maize Products Ltd [92,364,000]||9,000.00||8,453.00||-547.00||8,900.00||8,451.00||8,643.64||340|
|Nestle Pakistan [453,496,000]||7,300.00||7,000.00||-300.00||7,200.00||6,900.00||7,107.60||1,700|
|Unilever Pakistan Food Limited [61,576,000]||5,500.00||5,225.00||-275.00||5,225.00||5,225.00||5,230.36||20|
|Pakistan Tobacco Co Ltd [2,554,938,000]||1,309.35||1,199.00||-110.35||1,260.00||1,123.00||1,206.62||1,020|
|Bata Pakistan Ltd [75,600,000]||3,500.00||3,400.10||-99.90||3,400.10||3,400.00||3,437.02||220|
Source : Business Recorder
Best Performer of the week
Cement and Power sectors were the best performers of the week. The shares prices of their important companies showed considerable growth at Karachi Stock exchange 100-index. The companies like Hub Power and Altem energy were two best performing stocks of the power sector. The shares prices of Hub Power and Altem energy grew by 3.70 % and 9.15 % during the week.
The companies like Best way cement and Deewan cement were two best performing stocks of the cement sector. The stock prices of Best way cement and Deewan cement grew by 2.50 % and 13.96 % during the week.
Market analysts are expecting a mixed trend in the upcoming week. They believe that stock trading of the next week will be mostly influenced by the budgetary news of the next budget. Experts are expecting an increased rate of tax in upcoming budget and this can play an important role in affecting the Pakistan stock market. Political uncertainty and fluctuations in the international oil prices can also influence the trading behavior of the stock traders at the market. The eleventh review by the IMF for the second installment of their EFF was successfully completed this week. It will also play an important role in affecting the Pakistan stock market in upcoming days.
Market analysts are advising stock investors to adopt the investing strategy of buy and hold for the upcoming week. This strategy can easily help them in reaping benefits from their investments. Cement sector is a very good investment option for the long term investors.This will help them to create profitable portfolio for their future investments.