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Weekly Review : Mixed Week at Karachi stock market

karachi stock ExchangeKarachi stock market saw a mixed week  as Karachi stock exchange-100 index lost 45 points during the week.The investors at the Karachi stock market remained cautious throughout the week.The biggest reason for their cautions attitude was license suspension of ACE securities by the Karachi stock exchange.ACE securities failed to reply the notices issued by the Karachi stock exchange.

 

The Karachi stock exchange-100 index started the week at 33775 points and ended the week at 33730 points.The average weekly share trading volume saw a 23 % reduction as compared to the last week.This week the average weekly share trading volume was 1012 million shares.Following were five gainers and losers at the Karachi Stock market during the week.

Top 5 Gainers
Company Rate Turnover*
Open Close Diff High Low Avg.
Indus Motor Co Ltd [786,000,000] 1,099.27 1,214.65 115.38 1,214.65 1,090.00 1,161.77 128,900
Ferozsons (Laboratories) Ltd [301,868,000] 512.57 601.03 88.46 619.99 510.01 568.18 260,550
Pakistan Tobacco Co Ltd [2,554,938,000] 782.00 858.95 76.95 858.95 705.79 793.21 17,350
Murree Brewery Co Ltd [230,530,000] 901.77 959.50 57.73 960.00 880.00 919.57 4,180
Service Industries Ltd [120,288,000] 768.50 806.00 37.50 830.00 781.00 792.00 1,750
Top 5 Losers
Company Rate Turnover*
Open Close Diff High Low Avg.
Rafhan Maize Products Ltd [92,364,000] 9,400.00 9,200.00 -200.00 9,499.00 9,200.00 9,223.91 140
Archroma Pakistan Limited [341,182,000] 474.62 424.56 -50.06 477.00 424.18 454.65 98,350
Mitchells Fruits Farms Ltd [78,750,000] 500.27 450.41 -49.86 500.00 440.50 461.32 13,950
Shezan International Ltd [79,860,000] 920.43 875.00 -45.43 875.00 875.00 875.00 100
Siemens (Pakistan) Engineering Co Ltd [82,470,000] 1,127.20 1,084.49 -42.71 1,120.00 1,075.00 1,081.93 1,180

Following were the main highlights of the week that affected the Karachi stock market

  • Karachi stock exchange suspended the license of ACE securities
  • NAB is planning to investigate the sources of funds invested in the Karachi stock market
  • Forn portfolio investment showed a net inflow of 21.5 million during the week
  • Karachi stock exchange has decided to carefully analyze the operations of all the brokerage houses in future.
  • Engro Fertilizers offered its shares for secondary public offering

karachi stock market

According to the stock market experts the future performance of the Karachi stock market is totally dependent on the upcoming inflation results of the April 2015,upcoming monetary policy and also on the oil price movements in the international market.Currently  investors have taken a back seat as they are anxiously waiting for these three events.Positive news related to these three events can create positive vibes in the Karachi stock market in coming weeks and this will also help the market to ascend once again.

 

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About Emaad Qureshi