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Weekly Review : Karachi stock exchange 100-index fell by 282 points

karachi stock ExchangeKarachi stock market saw another eventful week as Karachi stock exchange 100-indexfell by 282 points during week. The falling value of the Pakistani Rupee and falling price of the global oil prices influenced the trading behaviors of the investors. The regulatory actions taken by the SECP also created confusion in the minds of the domestic and international investors. The foreign investors sold net securities of $ 5.7 million during the whole week.

karachi stock market

The stock market started the week with a negative trend as global oil prices showed a negative growth right from the start of the week. The Karachi stock exchange 100-index fell by the 493 points due to falling oil prices. The global oil prices fell from $48 per barrel to $44 per barrel during the whole week.

The Karachi stock exchange 100-index started the week at 34427 points and ended the week at 34145 points. The average weekly share trading volume showed a 0.9 % decrease in the current week as compared to last week. This week the average weekly share trading volume was 925 million shares as compared to the 934.5 million shares last week.

The global oil prices badly affected the oil and gas sector of Pakistan. This sector added -113 points to the . The negative trend in oil prices is also benefiting the economy of the country. It has helped the country to reduce its trade deficit.The trade deficit of the country was 12 % lower in first four years of the current budget year as compared to the last Budget year .

Banking sector performed better than all other sectors listed at the stock exchange.The rating upgradation of the Pakistan by the credit agency Moody’s is the main reason for the boom in the banking sector companies.Following are the major loser and gainer companies at the Karachi stock market.

Top 5 Gainers
Company Rate Turnover*
Open Close Diff High Low Avg.
Ghandhara Industries Ltd [213,044,000] 223.90 285.73 61.83 285.73 235.09 259.55 299,000
Packages Ltd [883,795,000] 570.84 631.46 60.62 648.00 569.00 603.44 1,116,500
Colgate Palmolive (Pakistan) Ltd [479,549,000] 1,424.00 1,475.00 51.00 1,489.50 1,440.00 1,472.44 2,540
Millat Tractors Ltd [442,925,000] 592.01 619.20 27.19 639.50 585.00 606.28 194,400
Glamour Textile Mills Ltd [266,400,000] 74.93 95.61 20.68 95.61 78.67 86.93 24,500
Top 5 Losers
Company Rate Turnover*
Open Close Diff High Low Avg.
Unilever Pakistan Food Limited [61,576,000] 7,000.00 6,400.00 -600.00 7,000.00 6,317.50 6,592.28 840
Nestle Pakistan [453,496,000] 9,010.00 8,900.00 -110.00 8,900.00 8,531.00 8,883.99 1,080
Shezan International Ltd [79,860,000] 787.00 680.00 -107.00 750.00 655.00 701.18 21,650
Indus Motor Co Ltd [786,000,000] 1,147.54 1,096.95 -50.59 1,159.99 1,080.00 1,127.95 65,500
Murree Brewery Co Ltd [230,530,000] 1,050.00 1,000.00 -50.00 1,000.00 1,000.00 1,000.00 50

Market analysts are expecting a mixed trend in the upcoming week at the Karachi stock market.Pakistan has made substantial improvements on the macroeconomic front but decrease in the oil prices can negatively affect the progress of the stock market.

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About Emaad Qureshi