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Weekly Review : Karachi stock exchange -100 index enters into positive zone

Pakistan Stock MarketPakistan stock market saw a bullish trend as Karachi stock exchange -100 index climbed by 979 points during the week.The growth in the cement, banking and energy sectors were the three prime movers in the stock market.The recovery in the international oil market helped the energy sector to grow.The good corporate results also helped index to rise in a very encouraging manner.

 

The Karachi stock exchange 100 index started the week at 33939 points and ended the week at 34719 points.The weekly share trading volume showed a 1.3 % improvement as compared to the last week.This week the share trading volume was 1210 million shares as compared to the volume of 1197 million shares last week.

Pakistan stock market

Source : Express Tribune

The stock market started the week negatively mainly due to prevailing political uncertainty in the country.It showed recovery and rose by 1033 points during the remaining four trading sessions.

Domestic investors showed their interest in the shares of Oil/Gas,cement and banking sectors. Foreign investors also actively traded at the Pakistan stock market but still remained net sellers during the week.Foreign investors sold net equity of $ 12.4 million during the week.

Market analysts are expecting a mixed trend in the upcoming week.The trading activity will be influenced by the budgetary announcements and domestic political environment. The activity in the international and commodities market will also affect the proceedings at the stock market.

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About Emaad Qureshi