Home » Investing » Weekly Review :Karachi stock market gains 955 points in Pre-Budget week
Drowning in credit debt?

Weekly Review :Karachi stock market gains 955 points in Pre-Budget week

karachi stock ExchangeKarachi Stock Market saw another week of recovery as Karachi stock exchange-100 index gained 955 points during the week.It also crossed the psychological barrier of 34000 points during the week.This positive trend was mainly influenced by the low inflation figures of May 2015 ,increased investment by the foreign investors and discount rate reduction by the State Bank of Pakistan.

Karachi Stock market started the week at 33056 points and ended the week at 34012 points.The weekly share trading volume showed an increase of 69.5  % during the week.It was 1577 million shares this week as compared to the figure of 930 million shares last week.The market value also showed an increase as it  currently stands at Rs 7.33 Trillion.Following are the major losers and gainers companies of the week

Top 10 Gainers
Unilever Pakistan Food Limited [61,576,000] 7,500.008,390.00890.008,390.007,255.007,778.64280
Colgate Palmolive (Pakistan) Ltd [479,549,000] 1,425.001,602.31177.311,610.001,400.001,519.855,740
Murree Brewery Co Ltd [230,530,000] 900.221,040.00139.781,049.27900.00964.03110,400
Indus Dyeing & Manufacturing Co [180,737,000] 898.981,010.00111.021,015.00920.00961.991,100
Sanofi-Aventis Ltd [96,448,000] 600.00675.0075.00698.50580.10652.233,800
Top 10 Losers
Rafhan Maize Products Ltd [92,364,000] 9,000.008,800.00-200.008,980.008,800.009,051.01320
Pakistan Tobacco Co Ltd [2,554,938,000] 984.08900.00-84.08970.00875.00933.825,350
Exide Pakistan Ltd [77,686,000] 1,103.001,077.49-25.511,120.001,050.001,080.922,380
Sapphire Fibres Ltd [196,875,000] 539.97528.99-10.98538.60500.00512.643,500
Packages Ltd [883,795,000] 567.04556.41-10.63573.00550.00561.6873,200

Investors mainly showed their interest in the banking and cement sectors.The banking  and cement sectors collectively added 436 points to the Karachi Stock exchange -100 index.Local investors showed a special interest in these two sectors.

karachi stock market

According to the stock market analysts different tax rates imposed by the government in the budget will negatively affect the market in  coming days.Government increased tax rates on the capital gains made through stock trading and also on earnings made through banking sector.

Facebooktwittergoogle_plusredditpinterestlinkedinmailby feather

About Emaad Qureshi

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!