Pakistan Stock market saw another positive week as Karachi stock exchange-100 index rose by 411 points during the week.The index started the week at 32669 points and ended the week at 33080 points.The improved performance of the international oil market has really helped the market to recover.
Pakistan stock market started the week at a positive note and continued its upward movement throughout the week.The recovery in the global stock markets also helped the Karachi stock exchange-100 indexto keep itself in the positive zone.Foreign investors showed minimum interest in the market as they offloaded net equity of more than $ 7.6 million during the week.The weekly share trading volume showed a 5 % decrease during the whole week.The weekly share trading volume was 834 million shares as compared to 875 million shares in the last week. Following were the major gainer and loser companies of the week.
|Philip Morris (Pakistan) Limited [615,803,000]||1,701.00||1,799.90||98.90||1,799.90||1,616.00||1,710.06||160|
|Packages Ltd [883,795,000]||473.78||517.38||43.60||522.00||472.00||494.43||688,000|
|Tandlianwala Sugar Mills Ltd [1,177,063,000]||152.97||188.90||35.93||188.90||160.61||174.65||7,500|
|Highnoon (Laboratories) Ltd [203,621,000]||468.32||499.75||31.43||503.90||465.01||488.22||526,300|
|Indus Motor Co Ltd [786,000,000]||946.83||973.16||26.33||1,006.00||940.00||974.74||102,300|
|Pakistan Tobacco Co Ltd [2,554,938,000]||1,177.50||1,200.00||22.50||1,200.00||1,199.99||1,200.00||15,460|
|Nestle Pakistan [453,496,000]||7,000.00||6,699.99||-300.01||6,700.00||6,650.00||6,792.50||860|
|Unilever Pakistan Food Limited [61,576,000]||5,300.33||5,196.50||-103.83||5,490.00||5,196.50||5,353.13||280|
|Sapphire Fibres Ltd [196,875,000]||640.55||542.00||-98.55||629.90||541.50||582.47||4,700|
|Siemens (Pakistan) Engineering Co Ltd [82,470,000]||810.00||775.00||-35.00||799.90||763.00||775.54||3,250|
|Sapphire Textile Mills Ltd [200,831,000]||831.85||802.00||-29.85||802.00||802.00||—||—|
Cement and Oil/Gas sectors were the best performers of the week.Oil and Gas sector enjoyed the investors confidence throughout the week.Share prices of its main companies showed very good growth during the week.
Cement Sector showed a very good growth as investors showed a special interest in the sector.Investors are very upbeat about the future prospects of the sector.The main reason for their optimism is due to start of mega projects related to the Cement sector.China has announced to start a hydro-electric power projects under the Pakistan-china economic corridor. Lucky cement and Cherat cement were two best performers of the sector.
Market analysts are extremely optimistic about the future prospects of the stock market.They believe that strong economic fundamentals and oil prices will play an important role in positively affecting the stock market.