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Weekly Review : Positivity continues at Karachi Stock Market

karachi stock ExchangeKarachi stock market saw another positive week as Karachi stock exchange 100 index climbed 936.97 points during the week.Aggressive buying in the oil/gas sector and positive news about the overall economy were two prime reasons for this positivity at the Karachi stock market.

 

Karachi stock exchange 100 index started the week at 31413 points and ended the week on Friday at 32350 points.The weekly share trading volume at the Karachi stock market was 1200 million shares which is  5% decrease as compared to the last week.

The Oil and gas sector was the star performer during the week as it contributed more than 335 points to the Karachi stock exchange 100 index.POL and PPL were the best performing companies in this sector.The share prices of POL and PPL saw a considerable increase of 11.8 % and 9.7% during the week.The major reason for the positivity in the sector was new oil/gas field discovery in mardankhel.

Following are the top 10 gainers and losers of the week at Karachi stock market.

Top 10 Gainers
Company Rate Turnover*
Open Close Diff High Low Avg.
Nestle Pakistan [453,496,000] 9,975.00 10,500.00 525.00 10,500.00 10,100.00 10,416.67 140
Unilever Pakistan Food Limited [61,576,000] 8,055.05 8,312.00 256.95 8,312.00 8,015.00 8,224.00 220
Bata Pakistan Ltd [75,600,000] 3,307.00 3,472.35 165.35 3,472.35 3,472.00 3,472.29 60
Siemens (Pakistan) Engineering Co Ltd [82,470,000] 1,047.82 1,200.67 152.85 1,225.00 1,100.21 1,177.38 10,780
Wyeth Pakistan Ltd [142,161,000] 2,300.00 2,415.00 115.00 2,415.00 2,415.00 2,392.50 40
AKZO Nobel Pakistan Ltd [464,433,000] 327.70 412.15 84.45 414.43 325.00 374.54 653,000
Mari Petroleum Company Limited [1,102,500,000] 500.89 565.68 64.79 591.34 496.10 538.94 3,503,250
Service Industries Ltd [120,288,000] 747.99 810.14 62.15 839.50 740.00 793.02 6,300
Mitchells Fruits Farms Ltd [78,750,000] 446.79 505.84 59.05 543.04 464.00 503.73 17,250
Archroma Pakistan Limited [341,182,000] 441.63 489.38 47.75 510.00 440.00 487.67 185,800
Top 10 Losers
Company Rate Turnover*
Open Close Diff High Low Avg.
Rafhan Maize Products Ltd [92,364,000] 9,889.86 9,700.00 -189.86 10,132.50 9,450.00 9,782.81 120
Pakistan Refinery Ltd [350,000,000] 177.82 30.37 -147.45 200.00 30.37 156.44 3,113,300
Hino Pak Motors Ltd [124,006,000] 920.55 886.50 -34.05 951.99 883.87 928.12 28,000
Sapphire Fibres Ltd [196,875,000] 545.00 517.75 -27.25 517.75 517.75 517.75 300
Sapphire Textile Mills Ltd [200,831,000] 454.00 434.00 -20.00 434.00 434.00 432.65 100
Shezan International Ltd [79,860,000] 938.25 920.43 -17.82 960.10 902.60 949.13 4,500
Ismail Industries Ltd [505,208,000] 228.53 211.00 -17.53 221.00 211.00 220.46 900
Tri-Pack Films Ltd [300,000,000] 196.03 180.06 -15.97 201.75 178.60 192.45 84,500
Gillette Pakistan Ltd [192,000,000] 319.00 303.05 -15.95 303.05 303.05 303.05 300
Khyber Tobacco Co Ltd [12,018,000] 290.00 280.00 -10.00 282.00 280.00 287.24 500

 

Following important news that affected the proceedings at the Karachi Stock market

  •  IMF gave a  positive review about the Pakistan’s economic performance in recent past.
  • Foreign investors  were the major net sellers as they sold stocks of worth of net $6.0 million during the week.
  • HBL Secondary Public Offering helped the Pakistani government to earn $1.02 Billion.
  • Foreign exchange reserves of the country grew by 4% during the week
  • Cement sector showed a positive growth as its dispatches during the July-March 2014-15 grew by 4%.

Karachi stock exchange

Market experts are quite optimistic about the market performance in upcoming weeks.The low inflation ,good corporate results and positive response of the HBL SPO are three main reasons for their optimism about the Karachi stock market.Stock traders are advised to invest in banking and cement sectors as they are expected to grow further in upcoming weeks.

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About Emaad Qureshi