Karachi stock market saw a positive week as Karachi stock exchange -100 index climbed 316 points during the week.Karachi stock exchange crossed the psychological barrier of 34000 points during the week.The first two days of the trading week were dull and dry.But market picked its momentum after appreciation in international oil prices.The good corporate results also contributed in the rise of the market index.
Domestic investors have starting showing some interest in the market.But foreign investors are still confused about the future prospects of the stock market.Foreign investors sold net equities of $20 million as compared to $ 9.2 million in the last week.Karachi stock market has to show consistent performance to again attract the foreign investors.
The Karachi stock exchange -100 index started the week at 33945 points and ended the week at 34261 points.The average weekly trading volume showed an improvement of 27 %. The weekly trading volume was 825 million shares this week as compared to the 648 million shares in the last week.
The automobile sector,cement sector and oil/gas sector were the top performers of the week.Domestic investors showed special interest in these stocks .Following are the major gainer and loser companies of the week.
|Bata Pakistan Ltd [75,600,000]||2,795.00||3,220.00||425.00||3,234.73||2,895.00||3,071.31||180|
|Colgate Palmolive (Pakistan) Ltd [479,549,000]||1,369.86||1,535.00||165.14||1,535.00||1,370.00||1,402.93||10,020|
|Indus Motor Co Ltd [786,000,000]||1,070.95||1,194.46||123.51||1,224.89||1,078.00||1,159.77||305,580|
|Pakistan Tobacco Co Ltd [2,554,938,000]||989.00||1,064.36||75.36||1,065.75||945.00||967.50||16,700|
|Noon Pakistan Ltd [117,612,000]||292.53||349.17||56.64||349.17||285.00||316.64||268,500|
|Nestle Pakistan [453,496,000]||9,747.00||9,225.25||-521.75||9,698.33||9,213.42||9,089.06||180|
|Island Textile Mills Ltd [5,000,000]||871.03||791.17||-79.86||853.96||716.00||796.84||8,700|
|Khyber Tobacco Co Ltd [12,018,000]||459.61||400.99||-58.62||452.68||368.75||404.02||7,000|
|Biafo Industries Ltd [200,000,000]||311.77||278.75||-33.02||329.00||265.00||297.34||57,000|
|Unilever Pakistan Food Limited [61,576,000]||7,149.00||7,120.00||-29.00||7,490.00||7,120.00||7,270.42||320|
Financial experts such as KASB securities are expecting a mixed trend at Karachi stock market.Analysts at the KASB securities believe that stock market will come under pressure due to depreciation in the rupee exchange rates.However rise in the international oil prices can positively affect the market in next trading week.by