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Weekly Report : Karachi stock exchange -100 index tumbling

karachi stock ExchangeKarachi stock market saw an another negative week as Karachi stock exchange -100 index fell by 256 points during the week.The depression in the international oil and commodity markets were two main reasons behind the negativity in the stock market.

 

 

The stock market started the week with a negative trend as it fell by 1250 points on first two days of the week .The market recovered by 997 points in next three days and ended the week at 32707 points. The domestic investors mostly invested in the blue chips stocks during these three days.The foreign investors were the net sellers during the week.They sold equities of more than $ 17 million during the week.

karachi stock market

The weekly share trading volume showed an increase as compared to the last week.The weekly share trading volume was 775 million shares during the week as compared to the 715 million shares in the last week.The heavyweight oil and gas sector showed the most disappointing performance during the week.The main reason for its bad performance were the tumbling oil prices in the international market.Following are the main gainer and loser companies of the week.

Top 5 Gainers
Company Rate Turnover*
Open Close Diff High Low Avg.
Rafhan Maize Products Ltd [92,364,000] 9,085.00 9,250.00 165.00 9,250.00 8,620.00 9,150.15 3,420
Ferozsons (Laboratories) Ltd [301,868,000] 905.14 955.46 50.32 960.91 881.00 912.24 193,350
Colgate Palmolive (Pakistan) Ltd [479,549,000] 1,450.01 1,500.07 50.06 1,544.00 1,450.00 1,480.81 2,940
AKD Capital Ltd [25,073,000] 178.63 227.95 49.32 227.95 187.56 204.18 9,000
Shield Corporation Ltd. [39,000,000] 297.15 336.99 39.84 336.99 296.29 315.63 2,000
Top 5 Losers
Company Rate Turnover*
Open Close Diff High Low Avg.
Unilever Pakistan Food Limited [61,576,000] 6,200.00 6,000.00 -200.00 6,500.00 5,890.00 6,073.25 260
Exide Pakistan Ltd [77,686,000] 977.92 905.00 -72.92 950.00 865.00 906.06 2,400
Shezan International Ltd [79,860,000] 690.00 650.00 -40.00 665.00 627.43 650.08 4,350
Island Textile Mills Ltd [5,000,000] 750.00 713.00 -37.00 713.00 713.00 713.00 100
Abbott Laboratories Pakistan Ltd [979,003,000] 666.01 630.91 -35.10 665.00 620.00 637.66 35,050

According to the market analysts, stock market will show a mix trend in upcoming week.They believe that depression in the international market and foreign capital markets will affect the market in coming days.

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About Emaad Qureshi