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Weekly review : Another volatile week at Karachi stock Market

karachi stock ExchangeKarachi Stock market saw an another volatile week as Karachi stock exchange 100 -index lost 199 points during the week.The three main reasons for this  trend were rise and fall in the global oil prices ,profit taking by the local investors and political uncertainty.

 

Karachi stock exchange 100 index started the week at 33730 points and ended the week at the 33530 points.The weekly share trading volume at the Karachi stock market saw a steep decline of 26 % during the week.The weekly share trading volume was 936 million shares as compared to 1012 million shares last week.Following are the five major gainer and major loser companies of the week at the Karachi stock market.

Top 10 Gainers
Company Rate Turnover*
Open Close Diff High Low Avg.
Hino Pak Motors Ltd [124,006,000] 948.81 1,040.05 91.24 1,052.96 945.00 1,011.44 118,750
Siemens (Pakistan) Engineering Co Ltd [82,470,000] 1,084.49 1,155.71 71.22 1,179.00 1,085.00 1,098.97 5,580
Abbott Laboratories Pakistan Ltd [979,003,000] 555.01 605.31 50.30 636.00 555.25 595.26 226,400
Shezan International Ltd [79,860,000] 875.00 913.50 38.50 913.50 870.00 891.17 150
Al-Ghazi Tractors Ltd [289,820,000] 367.58 405.36 37.78 410.00 367.01 388.83 291,400

 

Top 10 Losers
Company Rate Turnover*
Open Close Diff High Low Avg.
Bata Pakistan Ltd [75,600,000] 3,589.83 3,230.00 -359.83 3,411.00 3,230.00 3,360.67 220
Rafhan Maize Products Ltd [92,364,000] 9,200.00 9,056.00 -144.00 9,056.00 9,056.00 9,440.00 20
Service Industries Ltd [120,288,000] 806.00 750.00 -56.00 780.00 742.00 764.26 2,150
Colgate Palmolive (Pakistan) Ltd [479,549,000] 1,550.00 1,500.01 -49.99 1,530.00 1,499.99 1,504.30 3,040
Murree Brewery Co Ltd [230,530,000] 959.50 913.33 -46.17 940.00 900.00 902.86 1,900

The oil and gas sector was the major gainer of the week.It alone added 130 points to the Karachi stock exchange 100 index during the week.It was mainly due to recovery of oil prices in the international market.

karachi stock market

Following news affected the trading at the Karachi Stock market during the week

  • Standards & Poors has improved the credit rating of Pakistan from stable to positive
  • Oil prices improved in the international market
  • The inflation figures for the April 2015 showed a 16 % decline as compared to the month of March 2015
  • Khawaja saad rafique of NA-125 an important part of  PML-N government was deseated by election tribunal.
  • IMF has showed dissatisfaction  on the implementation of their loan program

 

According to the stock market experts currently investors have adopted a wait and see policy.Stock market investors are waiting for the upcoming budget 2015-16 and also for the upcoming monetary policy.This means that federal budget and monetary policy will set the tone for the trading in upcoming weeks.The international oil prices and political developments can also play an important role in affecting the trading at Karachi stock market.

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About Emaad Qureshi