Home » Investing » Weekly Review : Karachi stock exchange -100 index lost 452 points

Weekly Review : Karachi stock exchange -100 index lost 452 points

Pakistan stock market saw a tragic week as Karachi stock exchange -100 index fell by 452 points during the week.Market started the week on a positive note and rose by 464 points.The main reason for its rise was slight recovery in the global stock markets. But market failed to continue its good streak and fell by 914 points during the next four trading weeks. According to the analysts ,weak corporate earnings and profit selling by domestic and foreign investors were the main reasons for dismal performance of stocks in last four days of the trading week.Foreign investors were net sellers again this week.They sold net equity of more than $ 13.2 million during the week.

Pakistan Stock Exchange

Karachi stock exchange 100-index started the week at 31464 points and ended the week at 31011 points.The weekly share trading volume fell by during the week.The weekly trading volume was 619.7 million shares as compared to the 704 million shares last week.Following were the main gainers and loser companies of the week at the Karachi stock market.

Top 5 Gainers
Company Rate Turnover*
Open Close Diff High Low Avg.
JDW Sugar Mills Ltd [597,766,000] 340.00 399.52 59.52 402.05 340.00 362.83 167,200
Murree Brewery Co Ltd [230,530,000] 706.33 759.80 53.47 769.50 705.00 729.42 1,360
Noon Pakistan Ltd [117,612,000] 128.86 164.44 35.58 164.44 135.30 149.43 304,800
AKD Capital Ltd [25,073,000] 209.49 241.88 32.39 267.34 219.96 238.11 16,900
Ghandhara Industries Ltd [213,044,000] 388.60 417.43 28.83 417.43 382.00 400.95 2,117,300
Top 5 Losers
Company Rate Turnover*
Open Close Diff High Low Avg.
Wyeth Pakistan Ltd [142,161,000] 2,000.00 1,900.00 -100.00 1,900.00 1,900.00 1,900.00 40
Sanofi-Aventis Ltd [96,448,000] 645.00 553.51 -91.49 613.00 553.02 583.10 1,450
Ferozsons (Laboratories) Ltd [301,868,000] 855.21 777.41 -77.80 863.90 765.00 805.53 375,750
Pakistan Tobacco Co Ltd [2,554,938,000] 1,216.15 1,162.53 -53.62 1,170.05 1,160.00 1,186.86 60
Highnoon (Laboratories) Ltd [203,621,000] 489.84 441.03 -48.81 504.99 440.75 474.32 32,000

Future Outlook

Market analysts like Arif Habib Limited are not so optimistic about the market performance in next week.They are painting a grim and dull outlook of the market in upcoming days. Saudi Arabia has refused to cut down its supplies in the international market. This news will put an extra pressure on the oil market and will cause the oil prices to decline more in the market.Analysts believe that expected depression in the international oil market will badly affect the domestic stock market in next week.Investors should hold on their investments as stock market is showing a volatility due to unstable international oil and stock market.

Facebooktwittergoogle_plusredditpinterestlinkedinmailby feather

About Emaad Qureshi