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Weekly Review : Political Instability and Mixed Trend at Pakistan Stock Market

Pakistan Stock MarketPakistan Stock market saw a mixed week as KSE-100 index fell by 27.58 points during the week.The market activity was mostly influenced by the international oil prices and domestic political environment. The rising oil prices provided some stability to the market but political instability prevented it to rise further .

 

Domestic and foreign investors adopted a defensive investing policy during the week. Foreign investors remained net sellers  as they offloaded net equity of $ 28.3 million.The KSE-100-index started the week at the 33967 points and ended the week at the 33939 points.

The weekly share trading volume at the Pakistan stock market showed a 25 % decrease in last one week.The weekly share trading volume was approx 1197 million shares as compared to the share volume of 951.64 million shares last week.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.
Rafhan Maize Products Ltd [92,364,000] 8,137.50 8,750.00 612.50 8,900.00 8,100.00 8,328.95 180
Wyeth Pakistan Ltd [142,161,000] 1,728.26 1,900.00 171.74 1,945.00 1,777.50 1,838.96 200
Island Textile Mills Ltd [5,000,000] 656.00 762.50 106.50 762.50 627.00 696.77 1,450
Unilever Pakistan Food Limited [61,576,000] 5,325.00 5,400.00 75.00 5,439.00 5,400.00 5,419.50 40
Siemens (Pakistan) Engineering Co Ltd [82,470,000] 833.85 905.00 71.15 919.31 830.00 872.76 3,300
Top 5 Losers
Company Rate Turnover*
Open Close Diff High Low Avg.
Colgate Palmolive (Pakistan) Ltd [479,549,000] 1,575.00 1,461.00 -114.00 1,500.00 1,461.00 1,480.80 1,800
Bata Pakistan Ltd [75,600,000] 3,400.00 3,300.00 -100.00 3,300.00 3,230.02 3,204.54 500
Nestle Pakistan [453,496,000] 7,520.00 7,436.00 -84.00 7,580.00 6,900.01 7,202.83 760
Service Industries Ltd [120,288,000] 839.98 802.00 -37.98 840.00 774.24 826.14 24,850
Indus Dyeing & Manufacturing Co [180,737,000] 759.33 721.37 -37.96 721.37 690.00 705.68 80

Source : Business Recorder

Sectors to Invest

Investors are advised to buy and hold their investments in stable sectors like cement sector.Cement sector has really performed well in last one year or so.Cement sector is expecting an investment in excess of $ 1 Billion in next few years. Big players like Attock Cement, Cherat cement, Lucky Cement and DG Khan Cement   are planning to invest big in their capacity enhancement and in other development projects.These things are making it a very attractive investment option for the long term and short term investors.

Future Outlook

Market analysts are expecting a mixed week as political instability is expected to affect the market activity.The rise and fall in the international oil prices is also expected to influence the market in the upcoming week. Oil and Gas sector also has a very good weightage in the KSE-100 index.

 

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About Emaad Qureshi