Karachi stock market saw another mix week as Karachi stock exchange 100-index climbed 146 points during the week.The stock market started the week with a bearish trend and fell by 740 points in first two days of the week.The Karachi stock market showed some recovery as it rose by 753 points in next three trading days.The two main reasons for its recovery were rise in the international oil prices and also slight recovery in the Asian stock markets.
The foreign investors showed some interest in the market this week.The foreign portfolio investment showed a net inflow of $ 0.221 million.This trend shows that their confidence is back after
The Karachi stock exchange 100 index started the week at the 32822 points and ended the week at 32969 points.The weekly share trading volume at the Karachi stock market showed a considerable increase during the trading week.The weekly trading volume was 890 million shares as compared to 372 million shares last week.This is a 139 % increase in the volume as compared to the last week.Following are the major gainer and loser companies of the week.
|Unilever Pakistan Food Limited [61,576,000]||6,982.50||7,150.00||167.50||7,150.00||7,150.00||7,062.50||20|
|Hino Pak Motors Ltd [124,006,000]||1,047.27||1,124.73||77.46||1,212.34||1,065.12||1,142.37||49,550|
|Pakistan Tobacco Co Ltd [2,554,938,000]||919.09||995.00||75.91||1,013.29||926.00||982.96||13,200|
|Philip Morris (Pakistan) Limited [615,803,000]||1,340.00||1,400.00||60.00||1,400.00||1,300.00||1,381.95||1,060|
|Service Industries Ltd [120,288,000]||781.04||825.25||44.21||828.50||780.00||809.69||5,400|
|Bata Pakistan Ltd [75,600,000]||3,085.00||2,970.10||-114.90||3,380.00||2,970.10||3,117.94||260|
|Sapphire Fibres Ltd [196,875,000]||750.64||679.00||-71.64||732.00||679.00||698.23||5,250|
|Sanofi-Aventis Ltd [96,448,000]||667.00||612.00||-55.00||634.00||612.00||618.10||300|
|Sapphire Textile Mills Ltd [200,831,000]||885.00||834.10||-50.90||878.00||798.96||831.90||2,350|
|Colgate Palmolive (Pakistan) Ltd [479,549,000]||1,400.00||1,350.00||-50.00||1,400.00||1,340.00||1,375.00||120|
|Siemens (Pakistan) Engineering Co Ltd [82,470,000]||1,096.00||1,054.00||-42.00||1,100.00||1,051.00||1,086.82||560|
Market analysts like Arif Habib are expecting a mixed trend in the next week.The successful issuance of the 500 million euro bond in the international market and $375 million inflow of coalition support fund are two most important developments of the week.These two developments will certainly influence the Karachistock market in coming weeks.The low inflation figures of the September will also play an important role in next week.The India-Pakistan relations and instability in the domestic political scene can also influence the market in upcoming week.