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Weekly Market Report : Karachi stock exchange 100-index lost 9 amid Mixed week at Karachi Stock Market

karachi stock ExchangeKarachi Stock market saw another mixed week as Karachi stock exchange 100-index lost 9 points during the weeks.The market was under pressure due to fall in the oil prices but banking sector played an important role in stabilizing the market.The local investors remained cautious during the week. The foreign investors were again net sellers as they sold net equities of $9.2 million during the week.

 

The Karachi stock exchange 100-index started the week at 33954 points and ended the week at 33945 points.The average weekly share trading volume showed 28% decline during the week.The weekly share trading volume was 648 million shares as compared to 905 million shares last week.

The heavy weight oil and gas sector was the major loser at the stock market.It played an important role in pushing the index towards the negative zone.It alone added 89 negative points to the stock market.Following are he major gainer and loser companies at the Karachi stock market.

Top 5 Gainers
Company Rate Turnover*
Open Close Diff High Low Avg.
Rafhan Maize Products Ltd [92,364,000] 8,900.00 9,700.00 800.00 9,807.00 9,155.00 9,527.42 240
Unilever Pakistan Food Limited [61,576,000] 6,900.00 7,149.00 249.00 7,195.00 6,950.00 7,065.80 200
Archroma Pakistan Limited [341,182,000] 399.88 458.79 58.91 463.56 399.99 425.56 141,100
Highnoon (Laboratories) Ltd [203,621,000] 371.33 422.30 50.97 424.47 372.11 398.25 230,100
Sanofi-Aventis Ltd [96,448,000] 610.00 659.99 49.99 695.00 638.38 648.25 5,500
Top 5 Losers
Company Rate Turnover*
Open Close Diff High Low Avg.
Nestle Pakistan [453,496,000] 10,199.00 9,747.00 -452.00 10,249.00 9,747.00 9,768.67 140
Bata Pakistan Ltd [75,600,000] 3,000.00 2,795.00 -205.00 2,999.00 2,790.00 2,896.61 320
Island Textile Mills Ltd [5,000,000] 944.95 871.03 -73.92 916.87 871.03 871.03 50
Indus Dyeing & Manufacturing Co [180,737,000] 1,100.00 1,055.00 -45.00 1,150.00 992.75 1,104.25 650
Tri-Pack Films Ltd [300,000,000] 272.33 231.62 -40.71 275.00 231.62 250.43 161,200

Future Outlook

Market analysts are expecting a positive market trend in upcoming week.The two most important reasons for their optimism are positive outlook of the economy and healthy expected corporate financial results .The international stock markets and domestic political climate can also play its part in affecting the stock market in upcoming week.

 

 

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About Emaad Qureshi