A dull day at the Exchange

The index closed level today with a 10pt gain. Turnover and value traded were level at 130mln shares and Rs. 7.5 bln. With net persistent foreign outflows buying interest is scarce.

The days gainers were Saif Textile, Gadoon Textile, Habib Metro Bank, Hascol, Noon Pakistan, Searle, Netsol, Berger and BIFO all putting in 4-5pc gain for the day. NIB bank and Pakistan Refinery were losers down 3pc.

Searle, Hascol were actively traded with values of Rs. 640mln and Rs 500mln. The two Suis saw 2pc gains for the day. Nishat Mills, Feroz, Mughal and Habib Metro were also actively traded.

E&P stocks ended level for the day. TRG was down 2pc and Byco was up 3/4pc. Pak Elektron was down a percent.

Textile stocks saw some movement today with the announcement of regulatory duty on yarn import. Nishat Chunian was wlso up 2pc.