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Karachi stock exchange -100 index rose by 23 points

Stock market saw a mixed week as Karachi stock exchange-100 index rose by 23 points during the week.There was a  low trading volume due to the shortened trading week.The week was shortened due to the Eid holidays.The trading was mainly affected by the falling international oil prices.Domestic and foreign investors took a back seat during the trading week.The foreign investors offloaded $ 5.27 million net equity during the week.

 

stock-market

Source : Express Tribune

Karachi stock exchange-100 index started the week at 40340 points and ended the week at 40363 points.The share trading volume was 1381 .661 million shares as compared to the last week’s volume of 2285 million shares.The share trading volume showed a 39 % decrease  as compared to the last week’s volume of 2285 million shares.The market also touched highest daily share trading volume of 850.500 million shares since march 2005. Following are the major gainer and loser companies of the week.

Top 5 gainer companies

Company Open High Low Close Avg. Volume Trades Change
Net / Pct
Indus Motor 1,259.35 1,322.31 1,264.99 1,322.31 1,308.49 85,050 299 62.96 [5.00 %] 
Hinopak Motor 1,062.42 1,115.54 1,085.00 1,115.54 1,114.72 14,520 122 53.12 [5.00 %] 
Sanofi-Aventis. 820.00 861.00 820.00 861.00 855.10 2,050 24 41.00 [5.00 %] 
Ferozsons Lab. 882.13 926.23 900.00 913.64 918.59 64,300 411 36.87 [4.18 %] 
Khyber Tob 593.63 623.30 600.00 623.30 617.09 900 9 29.67 [5.00 %]

Top 5 loser companies

Company Open High Low Close Avg. Volume Trades Change
Net / Pct
Unilever Pak Food 5,250.00 5,300.00 5,100.00 5,100.00 5,150.00 80 2 -150.00 [-2.86 %] 
Island Tex. 1,315.55 1,379.89 1,249.78 1,279.91 1,288.39 800 16 -35.64 [-2.71 %] 
Murree Brewery 1,200.18 1,210.00 1,165.00 1,188.53 1,186.19 18,200 218 -11.65 [-0.97 %] 
Feroze 1888 231.00 230.00 222.00 222.50 224.17 600 6 -8.50 [-3.68 %] 
Punjab Oil 348.15 340.00 339.00 340.00 341.63 300 3 -8.15 [-2.34 %]

Source : KHI stocks

Best and Worst Performers

Telecom and auto sectors showed a very good performance during the shortened  week. Hino Pak and Indus Motor Co were the best performing stocks in the auto sector. The stocks of the Hino Pak and Indus Motor Co offered 5 % each returns to the investors during the week.The World Call stock was the prime gainer in the telecom sector.It showed 50 % increase in the value during the week.

Future Outlook

Most of the market analysts believe that stock market will continue its upward movement in upcoming days.Investors have showed a enormous confidence on the domestic stock market in last few weeks as Karachi stock exchange -100 index touched new heights.It is expected that investors will  mostly play in penny stocks.

The domestic political environment and international oil prices will play most important role in affecting the trading behaviors of the investors. PTI has announced to march towards the Rawind to protest against the corruption scandals of the Prime Minister Nawaz sharif. This march will create further instability in the domestic political environment.This unstable environment will affect the trading behaviors of the investors. PML-N government should take measures to solve this issue as soon as possible.

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About Emaad Qureshi