Pakistan stock market saw a positive week as Karachi stock exchange -100 index climbed by 349 points during the week.The market was mainly influenced by the low interest rates and good corporate earnings of the country. Recovery in the international oil prices also played a positive role in the positivity at the stock market.The stock market index started the week on a positive note and continued its journey upwards throughout the week.
The Karachi stock exchange -100 index started the week at 30949 points and ended the week at 31298 points. Domestic investors mainly showed their interest in cement sector stocks.Foreign investors were the net sellers during the week.They sold net equity of more than $ 7 million.The weekly share trading volume at the Pakistanstock market was 584 million shares as compared to 737.5 million shares last week.It was 21 % decline as compared to the last week.
Best and Worst Performers of the week
Cement sector again performed well this week.The prices of most of its shares increased during the week.The share prices of Dj Khan,Kohat and Maple leaf cement showed the highest growth rates.The share prices of Dj Khan Cement,Kohat cement and Maple leaf showed growth rates of 9.63 % , 8.82 % and 2.82 % during the week.
Banking sector stocks failed to perform well at the domestic market.Investors sold stocks of more than $ 6.4 million during the week.The prices of most of major banking sector stocks fell during the week.
Following were the major loser and gainer companies of the week.
|Pakistan Tobacco Co Ltd [2,554,938,000]||1,163.52||1,346.88||183.36||1,346.88||1,160.00||1,255.54||23,380|
|Siemens (Pakistan) Engineering Co Ltd [82,470,000]||857.82||972.40||114.58||972.40||840.00||904.47||2,300|
|Bata Pakistan Ltd [75,600,000]||3,300.00||3,400.00||100.00||3,400.00||3,350.00||3,430.00||6,740|
|Shield Corporation Ltd. [39,000,000]||507.00||558.90||51.90||558.90||532.35||545.62||200|
|Archroma Pakistan Limited [341,182,000]||414.10||455.97||41.87||459.00||408.00||433.19||167,800|
|Nestle Pakistan [453,496,000]||7,500.00||7,200.00||-300.00||7,490.00||7,200.00||7,549.88||40|
|Noon Pakistan Ltd [117,612,000]||292.15||83.30||-208.85||286.00||83.30||224.90||294,400|
|Ferozsons (Laboratories) Ltd [301,868,000]||1,109.01||959.11||-149.90||1,164.46||953.00||1,015.95||468,950|
|Noon Pakistan (Non Voting) Ltd [196,020,000]||187.47||70.09||-117.38||193.50||67.00||163.56||437,100|
|Unilever Pakistan Food Limited [61,576,000]||6,200.00||6,090.00||-110.00||6,090.00||5,800.00||6,028.75||180|
Source : Business Recorder
Market analysts are optimistic about the future market performance.The two most important reasons for their optimism are low interest rates and good expected corporate results. According to them low interest rates will invite investors to invest in the undervalued stocks.Investors can also reap short term and long term benefits by investing in growing sectors like Cement etc.