Friday saw foreign selling recede with a net buy of USD7253. Net outflow for the week stood at USD20mln. Last week it was USD-2.6mln
The index ended at 34262 up 317pts just under 1pc week on week despite a steady stream of foreign outflow.. Average volumes rose 2pc to 165mln shares. Value traded was up 12pc to Rs.9.2bln.
Gainers for the week were Noon Pakistan up 18pc. Bata was up 15pc, Colgate and Indus motors 11pc, Pace 10pc, General Tyre 8pc and Shifa Hospital 7pc. Arif Habib Corp was up 10pc.
Ibrahim fibre fell 15pc for the week. Cyan, PNSC, Biafo and Netsol were down 11pc. Saif Textile and Hum network were down 7pc.
FFBL closed down 3pc with urea and DAP sales falling sharply in September. Autos performed this week, Indus, Pak Suzuki and Honda car ended the week up 11, 6pc and 6pc. Strong earnings from Indus and Pak Suzuki were responsible for this, General Tyre was up 8pc. MCB, HBL and UBL were unchanged. Cements were subdued with Fauji and Maple gaining 1.5-2 pc. Pharma sector couldn't carry last week's momentum and closed marginally lower. Trading plays like TRG, Byco, Pak Electron and Al shaheer moved 1.75, -5.5, 0.6, 1.2pc. Among oil and gas marketing only PSO closed up 5pc with its better than expected quarterly earnings, HASCOL was down 5pc and the Suis closed lower. E&P's were unchanged. Local investors gave much needed support to the market in the face of foreign selling,
The market closed up again today 271pts, 0.8pc. Volumes rose 18pc to 192mln shares and value traded rose 32pc to Rs. 12.4bln.
The days gainers were, Sitara Peroxide up 8pc, Pak Suzuki, Ghandara Industries, Noon Pakistan up 5pc.
Losers were Hum networks, Biafo, Ibrahim Fibres down 5pc.
Pak Suzuki and Indus Motors announced strong quarterly numbers today ending at upper cap. Pso continued to rise today up 4pc after announcing better than rexpected quarterly earnings. K-Electric rose 3.7pc after announcing its quarterly earnings at Rs0.24. Al Shaheer closed the day up 3pc.
Net foreign outflow for the day clocked in at USD6.7mln.
The index managed to break free from a pattern of directionless trading after 15 days and closed up 217pts. Volumes rose 30pc to 165mln shares and value traded was up 17pc at Rs. 9.4bln.
Gainers for the day were Dawood Hercules, Buxly, PSO, Noon Pakistan, Colgate, General Tyre and Arif Habib Corp up 5pc.
Losers were Hinoon, Biafo, PNSC and Ibrahim Fibres and Searle down 5pc.
Pharma sector lost some ground today after a significant rally this month. Cements and fertilizers put in a positive close with FFC gaining 2.5pc. Commercial banks were stable and trading plays Pak Elektron, TRG, Alshaheer and Byco were subdued.
Net foreign selling for the day was USD 4.3mln.
The days activity was uneventful, corporate annoucements failing to ignite the market, The index closed down 17pts. Volumes were down 15pc at 126mln shares while value traded rose 10pc at Rs. 7.9bln.
The days gainers were Bata, Shezan, Al Ghazi Tractors, Ghandara Industries, Dawood hercules and Searle all up 5pc. PNSC, Cyan, Bifo and Murree Brewery lost 5pc. Al Shaheer lost 3.6pc.
Value traded rose despite falling volumes mainly because of activity in big ticket stocks like Glaxo, UBL, Searle, Engro, Hascol, Al Shaheer and Nishat Mills.
Pak elektron announced quarterly numbers with EPS growth, UBL also showed Eps growth. FFBL announced weak earnings and lost 2.7pc. Cements ended the day unchanged and so did commercial banks. Gas and Oil marketing companies didnt move much.
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