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.
|Rafhan Maize Products Ltd [92,364,000]||7,800.00||8,050.00||250.00||8,190.00||8,000.00||8,102.00||140|
|Bata Pakistan Ltd [75,600,000]||3,300.11||3,400.00||99.89||3,400.00||3,135.11||3,366.69||3,080|
|Pakistan Tobacco Co Ltd [2,554,938,000]||1,162.53||1,233.35||70.82||1,240.00||1,104.41||1,203.77||16,800|
|Philip Morris (Pakistan) Limited [615,803,000]||1,706.97||1,773.02||66.05||1,825.00||1,717.00||1,773.77||1,140|
|Murree Brewery Co Ltd [230,530,000]||759.80||803.33||43.53||815.32||700.00||758.85||20,580|
|Unilever Pakistan Food Limited [61,576,000]||5,700.00||5,300.00||-400.00||5,449.00||5,210.00||5,353.62||100|
|Nestle Pakistan [453,496,000]||7,200.00||6,887.50||-312.50||7,250.00||6,887.50||7,063.38||160|
|Wyeth Pakistan Ltd [142,161,000]||1,900.00||1,810.00||-90.00||1,897.50||1,810.00||1,810.00||20|
|Shezan International Ltd [79,860,000]||560.00||482.84||-77.16||567.00||482.84||523.40||1,000|
|Siemens (Pakistan) Engineering Co Ltd [82,470,000]||868.98||800.00||-68.98||851.00||760.00||811.38||5,800|
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.
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.