Pakistan stock market saw a positive week as Karachi stock exchange -100 index climbed 1254 points during the week. Investors showed their interest in the blue chips stocks traded at the stock market. Domestic and foreign investors both supported the market activity during the whole week.foreign investors were net buyers as they bought net equity of approximately $ 21.20 million.This shows that foreign investors are regaining confidence on the domestic stock market.
The market started the week at the negative note as it decreased by 151 points on the first day of the trading week.The index climbed by 1405 points during the next four days of the trading week.The possible inclusion of the Pakistan stock market in the MSCI index played the most important role in positively affecting the market.This news influenced the psychology of the stock traders throughout the week.Investors showed special interest in the energy and cement sector stocks.Investment in these stocks helped the index to climb the index in a upward manner.
Karachi stock exchange -100 index started the week at 34719 points and ended the week at 35973 points.The weekly share trading volume fell by 1 % during the week.The weekly share trading volume was decreased from 1210 million shares last week to 1199 million shares this week.Following are the major gainer and loser companies of the week.
|Rafhan Maize Products Ltd [92,364,000]||8,750.00||9,000.00||250.00||9,100.00||8,900.00||9,039.20||660|
|Bata Pakistan Ltd [75,600,000]||3,300.00||3,500.00||200.00||3,500.00||3,300.00||3,391.71||440|
|Nestle Pakistan [453,496,000]||7,165.00||7,300.00||135.00||7,500.00||7,055.00||7,340.89||300|
|Mari Petroleum Company Limited [1,102,500,000]||756.19||846.70||90.51||864.90||744.55||800.08||1,242,850|
|Khyber Tobacco Co Ltd [12,018,000]||308.74||391.38||82.64||391.38||322.00||364.26||3,300|
|Philip Morris (Pakistan) Limited [615,803,000]||1,745.47||1,658.75||-86.72||1,725.00||1,625.00||1,667.74||1,120|
|Tandlianwala Sugar Mills Ltd [1,177,063,000]||265.65||217.13||-48.52||258.78||217.13||233.76||1,500|
|Island Textile Mills Ltd [5,000,000]||875.00||829.99||-45.01||918.75||762.00||814.65||6,800|
|Shahtaj Textile Ltd [96,600,000]||135.80||105.48||-30.32||129.16||105.22||116.93||2,800|
|Murree Brewery Co Ltd [230,530,000]||680.29||650.43||-29.86||690.00||649.00||665.48||5,980|
Banking sector was the best performer of the week at the market.It alone contributed 265 points during the week.Its major stocks such as MCB and HBL showed a very good performance at the stock market. The MCB and HBL grew by 7.90 % and 5.35 % during the week.
Market analysts are expecting positive trend to continue in the upcoming week.The Approval of $ 1 billion for the Pakistani economy,the news of Gwadar port getting operational and good performance of the cement sector are most important positive news that can influence the Pakistan stock market in next week.Upcoming revelations of second episode of the Panama leaks can also negatively affect the domestic and international stock markets.