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Weekly Review : Karachi stock exchange -100 index rose by 282 points amid falling oil prices

Pakistan stock market showed a mixed trend as Karachi stock exchange -100 index climbed 282 points during the week.Market started the week on a negative note but recovered in last three days the week. The market lost 463 points during the first two days of the week but climbed 730 points during the next three days.

The Karachi stock exchange -100 index started the week at 31011 points and ended the week at 31293 points.The falling oil prices and corporate earnings influenced the buying behavior of the stock traders at the market.The weekly share volume showed an increase of 12 % as compared to the last week.The weekly share trading volume was 691 million shares as compared to last week’s share trading volume of 619.7 million shares. Following are the major ¬†gainer and loser companies of the week.

Top 5 Gainers
Rafhan Maize Products Ltd [92,364,000]7,800.008,050.00250.008,190.008,000.008,102.00140
Bata Pakistan Ltd [75,600,000]3,300.113,400.0099.893,400.003,135.113,366.693,080
Pakistan Tobacco Co Ltd [2,554,938,000]1,162.531,233.3570.821,240.001,104.411,203.7716,800
Philip Morris (Pakistan) Limited [615,803,000]1,706.971,773.0266.051,825.001,717.001,773.771,140
Murree Brewery Co Ltd [230,530,000]759.80803.3343.53815.32700.00758.8520,580
Top 5 Losers
Unilever Pakistan Food Limited [61,576,000]5,700.005,300.00-400.005,449.005,210.005,353.62100
Nestle Pakistan [453,496,000]7,200.006,887.50-312.507,250.006,887.507,063.38160
Wyeth Pakistan Ltd [142,161,000]1,900.001,810.00-90.001,897.501,810.001,810.0020
Shezan International Ltd [79,860,000]560.00482.84-77.16567.00482.84523.401,000
Siemens (Pakistan) Engineering Co Ltd [82,470,000]868.98800.00-68.98851.00760.00811.385,800

Source : Business Recorder

Blue chip companies were the major focus of the investors. Foreign and domestic investors were involved in excessive buying in blue chip companies and that really helped index to recover in last three days.Foreign investors offloaded net equity of $ 4.8 million during the week.

Pakistan Stock Exchange

Future Outlook

Market analysts are expecting a positive trend at the Pakistan stock market in upcoming weeks.They believe that strong economic fundamentals will generate interest in stock market in upcoming week.Upcoming inflation results for the month of February and Oil prices will also play an important role in influencing the stock market.

Investors should shift their focus towards growing sectors like cement and chemicals. These sectors have very good growth potential in upcoming weeks.Investors should adopt buy and hold strategy while investing in the cement sector.


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