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Weekly review : Karachi stock exchange-100 index lost 203

Pakistan stock market saw a mixed week as Karachi stock exchange-100 index lost 203 points during the week.The falling oil prices and instability in the international markets kept investors in a defensive position.Domestic and foreign investors remained in a defensive position throughout the week. Foreign investors sold net equity of more than $ 2.31 million during the whole week.They mostly showed their special interest in the cement sector.

Pakistan Stock Exchange

The Karachi stock exchange 100-indexstarted the week at 33080 points and ended the week at 32876 points.The weekly share trading volume decreased during the week.The weekly share trading volume decreased by 45 % during the week.The share trading volume was 451 million shares in the last week as compared to 875 million shares in current week.

Best performing sectors

Industrial goods and cement sector showed a very good growth during the week.The overall Industrial goods sector showed a growth of 3.5 %.Cement sector also grew with a good rate during the week. Best way cement,cherat cement and DG khan cement were best performing stocks of the cement sector.Following are the major gainer and loser companies at the Pakistan stock market.

Top 5 Gainers
Company Rate Turnover*
Open Close Diff High Low Avg.
Nestle Pakistan [453,496,000] 6,700.00 6,700.00 300.00 6,700.00 6,700.00 6,700.00 20
Unilever Pakistan Food Limited [61,576,000] 5,300.00 5,300.00 200.00 5,300.00 5,300.00 5,300.00 20
Philip Morris (Pakistan) Limited [615,803,000] 1,809.00 1,809.00 52.25 1,809.00 1,809.00 1,809.00 20
JDW Sugar Mills Ltd [597,766,000] 379.05 379.05 18.05 379.05 379.05 379.05 100
Tandlianwala Sugar Mills Ltd [1,177,063,000] 226.78 228.36 10.86 228.36 220.00 227.99 3,500
Top 5 Losers
Company Rate Turnover*
Open Close Diff High Low Avg.
Island Textile Mills Ltd [5,000,000] 760.00 724.00 -35.99 780.00 724.00 758.46 2,150
Colgate Palmolive (Pakistan) Ltd [479,549,000] 1,460.00 1,460.00 -29.99 1,460.00 1,460.00 1,468.62 1,300
Shield Corporation Ltd. [39,000,000] 615.74 599.00 -16.74 599.00 599.00
Sapphire Fibres Ltd [196,875,000] 559.83 550.00 -9.83 550.00 550.00
Service Industries Ltd [120,288,000] 850.00 854.66 -9.34 907.20 830.00 870.00 2,000

Future Outlook

Market analysts are expecting a positive trend in upcoming week.The most important reason for their optimism is positive economic developments taking place in the country.The signing of the FTA with the Iran and release of the $ 502 million IMF loan are two most important economic developments of the week. Volatility in the international oil market and march inflation figures can also play an important role in affecting the stock market.Cement sector is the most attractive sector for long term investors as it is showing a consistent performance for last few months.

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About Emaad Qureshi