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Weekly Review : Another positive week for Karachi Stock market

karachi stock ExchangeKarachi stock market continued its positivity as Karachi stock exchange -100 index climbed up 540 points during the week.The biggest news of the week was the much hyped visit of the Chinese premier to Pakistan.It positively affected the market as Chinese PM signed MoUs of worth 45$ billion energy and infrastructure projects.Other than that Karachi stock market was positively affected by strong corporate earnings and some recovery in the global oil prices.

karachi stock market                                                       Source : Express Tribune

Karachi stock exchange -100 index started the week at 33235 points and ended the week at 33775 points.The average weekly share trading volume showed a considerable increase of 11 % as compared to the last week.This week share trading volume was 1645 million shares.The net value of the Karachi stock market increased to Rs 7.29 trillion during the week.

Banking sector was the major gainer during the week,and it alone added about 413 points in the Karachi stock exchange -100 index during the week.Following are the top 10 gainers and losers of the week at the Karachi stock market.

Top 5 Gainers
Company Rate Turnover*
Open Close Diff High Low Avg.
Nestle Pakistan [453,496,000] 9,595.00 10,000.00 405.00 10,050.00 9,500.00 9,792.04 340
Rafhan Maize Products Ltd [92,364,000] 9,320.00 9,400.00 80.00 9,600.00 9,250.00 9,408.33 120
Indus Motor Co Ltd [786,000,000] 1,039.87 1,099.27 59.40 1,104.08 1,045.00 1,066.03 115,500
Indus Dyeing & Manufacturing Co [180,737,000] 625.00 659.00 34.00 659.00 650.00 657.62 200
Burshane LPG (Pakistan) Ltd [226,400,000] 113.82 145.18 31.36 145.18 118.98 131.72 271,500
 

Top 5 Losers

Company Rate Turnover*
Open Close Diff High Low Avg.
Unilever Pakistan Food Limited [61,576,000] 8,460.60 8,069.50 -391.10 8,400.00 7,847.57 8,088.89 340
Pakistan Tobacco Co Ltd [2,554,938,000] 897.00 782.00 -115.00 895.00 768.42 833.29 3,250
Colgate Palmolive (Pakistan) Ltd [479,549,000] 1,640.00 1,534.00 -106.00 1,570.10 1,534.00 1,548.22 220
Murree Brewery Co Ltd [230,530,000] 997.99 901.77 -96.22 970.00 850.00 907.91 14,600
Siemens (Pakistan) Engineering Co Ltd [82,470,000] 1,211.00 1,127.20 -83.80 1,244.00 1,118.00 1,172.20 5,000

Source : Business recorder

Following important news affected the proceedings of the Karachi Stock market during the week

  • Chinese PM signed MOUs of energy and infrastructure projects of wroth $45 billion
  • Foreign portfolio investment saw a substantial increase during the week
  • Another monthly current account surplus of about $ 0.163 billion for the month of March 2015
  • The foreign exchange reserves of the country touched $ 17.49 billions first time in last three years
  • International oil prices made a small recovery during the week

Stock market experts are expecting a another positive week mainly inspired by good corporate results and strong macro economic indicators.According to some stock market gurus investing behavior of the foreign investors will also affect the Karachi stock market proceedings in the coming days.

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About Emaad Qureshi