The stock market suffered the loss of 815 points on panic selling

Lahore.--And took the stock market during the previous week to 815 minutes of sliding point due to sales generated a state of panic because of the turmoil in global equity markets against the backdrop of a significant drop in oil prices on the international level -
Karachi Stock Exchange remained bearish throughout the week, as it lost nearly 877.74 points in four trading days and only got in one day trading only 63.2 points on the first day of the week. Thus leading index of the Kuwait Stock Exchange 100 Total losses to a dramatic reduction of 814.54 points to close at 11,375.09. On Monday, 100 index rose 63.02 points to close at 12,253.39 in response to an unexpected drop in the rate of marks.
However, according to experts, the market remained under pressure in thin trading session.
On Tuesday, the second day of the week, and the first day of Ramadan, and reduced the stock by 27 points to close at 12,226.33, while the level of trading volume fell to its lowest level in 13 months. Experts said investors are worried by the economic and political interests, and trading of 14900000 shares only, and chose to remain on the sidelines, causing some of the shares, which led to the value.

Experts said the decline in global markets did not allow local institutions to become active, however, was seen to some activity in the shares of fertilizer on the news of improvement in the supply of gas. On Wednesday, the stock market crashed by 284.61 points, after the leader of the MQM in securing hinted in Karachi. Main index closed at 11,941.72, under number 12 000 psychological, and free fall in the international markets, in addition to the scourge of the stock market. Kuwait Stock Exchange saw the participation of such a major free fall on 4 May 2011, when relations between Islamabad and Washington in the gutter after the death of bin Laden.
Continued to fall in the stock market on Thursday as the stock fell another 95 points to end the trading day at 11846.16 level. Reflects the fall without interruption to the lack of improvement in each and every law and order and international markets are weak. Unlike the last day, avoid buying corporate heavy weights in the sharp decline in prices. On the last day of the week, the market took a dramatic decline of four per cent or 471.07 points to close at 11,375, and the erosion of Rs125 billion from the capital market mainly due to six per cent drop in oil prices. Experts said the six per cent fall in global oil prices always leaves behind a long list of financial losses with the rise and decline is closely linked to financial risks.
According to experts, said Ahsan Mehanti, a director at Arif Habib, Karachi Stock Exchange that took one of the deepest plunge in its history on Friday, while 100 shares index lost 471 points. He said investors dumped risky assets amid concerns about debt in the euro area and the possibility of double-dip recession. He said the stocks fell in a short session of the Stock Exchange after global stocks showed a record low due to concerns about growth in the euro zone sovereign debt. Shares were traded, more than 300 companies out of 225 scrips, which fell 0.16 advanced, while the remained 60 without change.
According to experts, at a time when Pakistan's stock market is going through a very low volume (31M dollars on average in July), and global stocks tumbled amid fears that the U.S. economy is weakening. Most investors in Pakistan who did not provide money for this year (KSE Index Flat in 2011) and are concerned to be confused with what will happen if local exchanges see similar selling by foreigners. Although the profits of companies in Pakistan and another above average growth, was depleting the depth of the market cause fluctuations in the market situation of foreigners tried to dump shares to reduce their vulnerability to the border and emerging markets. It was noted the same trend this morning when the local index fell by 4% with low volumes.
MSCI World Index country All Ordinaries index 13% from its peak of 909.18 points in May, while U.S. markets crashed more than 4% (Dow Jones) yesterday amid concerns on a large scale, including the labor market is weak. Got to sell in the global market momentum and policy makers, European, Japanese intervened to drastic measures to support financial markets. In Pakistan have been sold so far investors abroad on the basis of the net value of 30mn shares in the past 13 sessions. Will raise concern is now with the decline in global markets that there will be more selling. The midst of this fear, the local bourse may remain under pressure in the short term, and will move in line with regional markets.
Said Farhan Mahmood, one of the experts, who did not lose everything as it is expected that corporate profits for the last 27% profit growth in 2011, much better than the historical trend. This is evident from recent results, where 1H fertilizer and a few of the banks recorded more than 60% and 25% earnings growth, respectively, which is likely to continue in the next 6 months. Thanks to high margins, led by higher prices of urea and improve the return on assets. Similarly, it is expected that the weight of heavy oil sector to another of earnings growth by 26% resulting mainly from higher oil prices.