Home » Investing » Weekly Karachi Stock Market Report (From 21 July 2014 to 25 July 2014)

Weekly Karachi Stock Market Report (From 21 July 2014 to 25 July 2014)

KSEKSE 100 index sustained its rising position following the convention of the previous week. It had been expected that the indices will remain a little bit static compared to the last week, but in contrast, the noticed growth remained tremendous due to the heavy foreign investment flows towards KSE. As long as foreign investors would be attracted, the heavy volumes traded will be shown up explaining steep increase in index benchmark closing. KSE 100 index gained 250 points during the previous week after rising with 0.8 percent on an average.

Three out of four trading days remained in profit during the underlying duration. The trading activity of the last week opened with a positive sentiment spread by the interest rate news by State Bank of Pakistan. As per expectations, interest rate did not change and remained static. Foreign flows played an important role in positioning the index place. Foreigners bought net equity worth 25.1 million US dollars last week. The amount is 4 percent higher than that of the figure spotted in previous week. Oil and Gas sector were among toppers who helped in sustaining the index position.

Due to positive reports regarding banking sector of Pakistan, investors expect a better earning opportunity from investment in banking sector. Hence in this week too, banking sector was a highlighted area of investment. Investors’ activity in volume went up 32 percent compared to the last week.

Following is a list of top ten losers, gainers, and the volume leaders along with their market capitalization in PKR:

  Top Gainers Top Losers Volume Leaders
Bata Pakistan Ltd [75,600,000] Wyeth Pakistan Ltd [142,161,000] Lafarge Pakistan Cement Ltd [13,126,445,000]
Unilever Pakistan Food Limited [61,576,000] Nestle Pakistan [453,496,000] Maple Leaf Cement Factory Ltd [5,277,339,000]
Exide Pakistan Ltd [77,686,000] Philip Morris (Pakistan) Limited [615,803,000] Fauji Cement Co Ltd [13,311,158,000]
Indus Dyeing & Manufacturing Co [180,737,000] Rafhan Maize Products Ltd [92,364,000] Askari Bank Limited [12,602,601,000]
Hino Pak Motors Ltd [124,006,000] Sanofi-Aventis Ltd [96,448,000] The Bank of Punjab Ltd [15,551,131,000]
Fazal Textile Mills Ltd [61,875,000] Siemens (Pakistan) Engineering Co Ltd [82,470,000] D.G. Khan Cement Co Ltd [4,381,191,000]
Colgate Palmolive (Pakistan) Ltd [479,549,000] Mitchells Fruits Farms Ltd [63,000,000] Adamjee Insurance Co Ltd [3,500,000,000]
Service Industries Ltd [120,288,000] Pakistan Services Ltd [325,242,000] Pakistan International Bulk Terminal Limited [545,765,000]
Island Textile Mills Ltd [5,000,000] National Foods Ltd [518,042,000] Pak Elektron Ltd [2,949,223,000]
Sapphire Textile Mills Ltd [200,831,000] Khyber Tobacco Co Ltd [12,018,000] Lotte Chemical Pakistan Limited [15,142,072,000]

 

 

Following is the trading trend of the previous week:

KSE 1

 

Here you can find a list of news which affected the trading activity at most:

  • State Bank of Pakistan has announced that the interest rate will not be changes and will remain at the previous level at 10%
  • Trading activity in banking sector boosted and sustained the indices in response to the moody’s report.
  • Oil and Gas sector remained especially in the limelight due to heavy foreign investors’ flow
  • Lucky cement is about to launch its coal based power project which is expected to produce 660 Mega Watt electricity. This is anticipated as a positive sign in the endeavors to get rid of electricity shortfall
  • Exim bank of China has came up with a contract to lend 300 million USD to finance the most critical situation of Neelum Jhelum hydro power project. However it will  create a positivity, if it will be exercised
  • HASCOL has announced its new acquisition in PRL 11.4 percent of the total equity
  • Many banks such as HBL have announced their results of first quarter of new financial year, the results are quite attractive and beyond the market expectations.

 

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About Emaad Qureshi