Karachi Stock Exchange-100 index rose by 297 points this week, mainly due to low inflation numbers and relatively calm political scenario. KSE-100 index started at 31198 points on Monday and closed at 32149 points on Friday. Its value increased by 3.10 %,as it increased from Rs 7.40 Trillion to Rs 7.63 trillion.The share trade volume of the Karachi stock market was 1750 million shares this week The investors mostly showed their interest in power and cement sectors.Top 5 gainers of the week were the following companies.
Top 5 Gainers of the week
Following important news affected the stock market during the week.
(i) Inflation rate was 11-year low at 3.96%
(ii) International oil prices continued to drop during the week
(iii) Foreign portfolio investment this week was $1.8 million
(iv) Lower circular debt in the power sector
(v) Political tensions decreased,as government announced told hold talks with PTI
Stock analysts are again expecting a positive trend next week.Although political tensions are increasing and investors are closely monitoring the negotiations process, between PTI and the government.So investors are really cautious about their investments. So this means that investors must show extreme level of patience to get good result from their investments. According to the political and market analysts , government must play a active role to solve this ongoing political crisis.It is very necessary to solve this crisis , as it is really affecting the stock market and the overall economy badly.by