Karachi stock market saw another positive week as Karachi stock exchange 100 index climbed 936.97 points during the week.Aggressive buying in the oil/gas sector and positive news about the overall economy were two prime reasons for this positivity at the Karachi stock market.
Karachi stock exchange 100 index started the week at 31413 points and ended the week on Friday at 32350 points.The weekly share trading volume at the Karachi stock market was 1200 million shares which is 5% decrease as compared to the last week.
The Oil and gas sector was the star performer during the week as it contributed more than 335 points to the Karachi stock exchange 100 index.POL and PPL were the best performing companies in this sector.The share prices of POL and PPL saw a considerable increase of 11.8 % and 9.7% during the week.The major reason for the positivity in the sector was new oil/gas field discovery in mardankhel.
Following are the top 10 gainers and losers of the week at Karachi stock market.
|Nestle Pakistan [453,496,000]||9,975.00||10,500.00||525.00||10,500.00||10,100.00||10,416.67||140|
|Unilever Pakistan Food Limited [61,576,000]||8,055.05||8,312.00||256.95||8,312.00||8,015.00||8,224.00||220|
|Bata Pakistan Ltd [75,600,000]||3,307.00||3,472.35||165.35||3,472.35||3,472.00||3,472.29||60|
|Siemens (Pakistan) Engineering Co Ltd [82,470,000]||1,047.82||1,200.67||152.85||1,225.00||1,100.21||1,177.38||10,780|
|Wyeth Pakistan Ltd [142,161,000]||2,300.00||2,415.00||115.00||2,415.00||2,415.00||2,392.50||40|
|AKZO Nobel Pakistan Ltd [464,433,000]||327.70||412.15||84.45||414.43||325.00||374.54||653,000|
|Mari Petroleum Company Limited [1,102,500,000]||500.89||565.68||64.79||591.34||496.10||538.94||3,503,250|
|Service Industries Ltd [120,288,000]||747.99||810.14||62.15||839.50||740.00||793.02||6,300|
|Mitchells Fruits Farms Ltd [78,750,000]||446.79||505.84||59.05||543.04||464.00||503.73||17,250|
|Archroma Pakistan Limited [341,182,000]||441.63||489.38||47.75||510.00||440.00||487.67||185,800|
|Rafhan Maize Products Ltd [92,364,000]||9,889.86||9,700.00||-189.86||10,132.50||9,450.00||9,782.81||120|
|Pakistan Refinery Ltd [350,000,000]||177.82||30.37||-147.45||200.00||30.37||156.44||3,113,300|
|Hino Pak Motors Ltd [124,006,000]||920.55||886.50||-34.05||951.99||883.87||928.12||28,000|
|Sapphire Fibres Ltd [196,875,000]||545.00||517.75||-27.25||517.75||517.75||517.75||300|
|Sapphire Textile Mills Ltd [200,831,000]||454.00||434.00||-20.00||434.00||434.00||432.65||100|
|Shezan International Ltd [79,860,000]||938.25||920.43||-17.82||960.10||902.60||949.13||4,500|
|Ismail Industries Ltd [505,208,000]||228.53||211.00||-17.53||221.00||211.00||220.46||900|
|Tri-Pack Films Ltd [300,000,000]||196.03||180.06||-15.97||201.75||178.60||192.45||84,500|
|Gillette Pakistan Ltd [192,000,000]||319.00||303.05||-15.95||303.05||303.05||303.05||300|
|Khyber Tobacco Co Ltd [12,018,000]||290.00||280.00||-10.00||282.00||280.00||287.24||500|
Following important news that affected the proceedings at the Karachi Stock market
- IMF gave a positive review about the Pakistan’s economic performance in recent past.
- Foreign investors were the major net sellers as they sold stocks of worth of net $6.0 million during the week.
- HBL Secondary Public Offering helped the Pakistani government to earn $1.02 Billion.
- Foreign exchange reserves of the country grew by 4% during the week
- Cement sector showed a positive growth as its dispatches during the July-March 2014-15 grew by 4%.
Market experts are quite optimistic about the market performance in upcoming weeks.The low inflation ,good corporate results and positive response of the HBL SPO are three main reasons for their optimism about the Karachi stock market.Stock traders are advised to invest in banking and cement sectors as they are expected to grow further in upcoming weeks.