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Weekly Review : Karachi stock exchange -100 index recovered by 1254 points

Pakistan stock market saw a positive week as Karachi stock exchange -100 index climbed 1254 points during the week. Investors showed their interest in the blue chips stocks traded at the stock market. Domestic and foreign investors both supported the market activity during the whole week.foreign investors were net buyers as they bought net equity of approximately $ 21.20 million.This shows that foreign investors are regaining confidence on the domestic stock market.

The market started the week at the negative note as it decreased by 151 points on the first day of the trading week.The index climbed by 1405 points during the next four days of the trading week.The possible inclusion of the Pakistan stock market in the MSCI index played the most important role in positively affecting the market.This news influenced the psychology of the stock traders throughout the week.Investors showed special interest in the energy and cement sector stocks.Investment in these stocks helped the index to climb the index in a upward manner.

Pakistan stock market

Karachi stock exchange -100 index started the week at 34719 points and ended the week at 35973 points.The weekly share trading volume fell by 1 % during the week.The weekly share trading volume was decreased from 1210 million shares last week to 1199 million shares this week.Following are the major gainer and loser companies of the week.

Top 5 Gainers
Company Rate Turnover*
Open Close Diff High Low Avg.
Rafhan Maize Products Ltd [92,364,000] 8,750.00 9,000.00 250.00 9,100.00 8,900.00 9,039.20 660
Bata Pakistan Ltd [75,600,000] 3,300.00 3,500.00 200.00 3,500.00 3,300.00 3,391.71 440
Nestle Pakistan [453,496,000] 7,165.00 7,300.00 135.00 7,500.00 7,055.00 7,340.89 300
Mari Petroleum Company Limited [1,102,500,000] 756.19 846.70 90.51 864.90 744.55 800.08 1,242,850
Khyber Tobacco Co Ltd [12,018,000] 308.74 391.38 82.64 391.38 322.00 364.26 3,300

 

Top 5 Losers
Company Rate Turnover*
Open Close Diff High Low Avg.
Philip Morris (Pakistan) Limited [615,803,000] 1,745.47 1,658.75 -86.72 1,725.00 1,625.00 1,667.74 1,120
Tandlianwala Sugar Mills Ltd [1,177,063,000] 265.65 217.13 -48.52 258.78 217.13 233.76 1,500
Island Textile Mills Ltd [5,000,000] 875.00 829.99 -45.01 918.75 762.00 814.65 6,800
Shahtaj Textile Ltd [96,600,000] 135.80 105.48 -30.32 129.16 105.22 116.93 2,800
Murree Brewery Co Ltd [230,530,000] 680.29 650.43 -29.86 690.00 649.00 665.48 5,980

Best Performers

Banking sector was the best performer of the week at the market.It alone contributed 265 points during the week.Its major stocks such as MCB and HBL showed a very good performance at the stock market. The MCB and HBL grew by 7.90 % and 5.35 % during the week.

Future Outlook

Market analysts are expecting positive trend to continue in the upcoming week.The Approval of $ 1 billion for the Pakistani economy,the news of Gwadar port getting operational and good performance of the cement sector are most important positive news that can influence the Pakistan stock market in next week.Upcoming revelations of second episode of the Panama leaks can also negatively affect the domestic and international stock markets.

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About Emaad Qureshi