The market closed the week down 3.3pc at 39782, down 1419pts, we'll below the 40000 mark. Politics trumped overall optimism as well as quarterly results to cast a pall over sentiment. It was the largest weekly fall for the market since mid Jan 2016. Turnover and value traded tumbled WoW at 341mln and Rs 11.bln. Both were down 28 and 22pc respectively.

Volume leaders for the week were BOP, KEL, DSLR, TRG and PACE. Active stocks by value were ENGRO, TRG, EFERT, BOP and HASCOL.

Top performers for the week were SAPT, WYETH, SAPT, SFL up 28, 12, 26, 16pc.

Worst performers were SHEL, TPL, NRSL, ANL, JPGL, DSFL, TELE down +20pc.

Among active stocks ENGRO, TRG, BOP, declined by 5, 14, 14 pc.

Going forward we expect pressure and volatility to continue influencing market.



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The market closed down 540pts as the confrontation between PTI and the Government intensified closing just below 40000. Last closing below 40000 was on Sep 23 2016. Turnover was up 10pc at 384mln shares while value traded fell 4pc to Rs12.5bln. Weekly loss for the index so far this week comes to 1300pts, with roll over adding fuel to the fire.

Mainstream sectors edged lower with refiners and chemicals selectively taking heavier drubbing. NRL, PRL and BYCO closed almost 5pc lower while LINDE and AKZO also lost 5pc. Second tier stocks took a pounding too, many declining in double digit percentage terms. 
 
Winners for the day were WYETH. SAPL, SAPT all up 5pc.

UPFL, BATA, PAKT, ATLH, PICT, TRIPF hit lower cap.

Active stocks TRG, SHEL, BOP, PIBTL, JSCL, ASTL, ISL all hit lower cap.

Quarterly earnings seasons delivered many announcements today. LUCK, ENGRO, OGDC, BAFL, KOHC delivered largely positive results but the market was in no  mood to be supportive. Politics is likely to keep pressure on the exchange though bouts of bargain hunting at lower levels could offer support.
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The market closed another volatile session down 238pts at 40527. The day saw a fluctuation of around 400pts. After opening positive the market closed down for the session. Turnover was almost level with yesterday at 347mln shares while value traded was Rs.13.1bln up 13pc. So far this week the index has lost 800pts.

SHEL, DCL, DCL, and PIAA closed down 5pc, while WYETH and PNSC rose 5pc. PIOC gained 2.7pc on a strong set of earning numbers.

Banks, E&P'S, Cements and Refiners edged lower. Weak crude oil prices have dented sentiment in Oil stocks.

Rising political temperature has kept the pressure up on the local bourse and will continue to do so.

The market closed sharply lower at 40842pts, down 439, resuming a losing streak after a 622pt gain on Oct 20. It closed 75pts below the level from which the rally broke. Turnover was almost half of Friday's 529 shares at 277mln while value traded was similarly lower at Rs 9.5bln compared to Rs16.4bln. Upcoming PTI lockdown of Islamabad.

BOP, DFML, HTL, TRG and HASCOL were top stocks by value traded. BOP, KEL, PIA, DSLR, and DFML were top stocks by turnover.

WYETH, HINO, INDU, FEROZ, MTL, SHEL, and GTYR were top losers for the day.

SAPT, SFL, SHEZ, HTL were best performers today.

Going forward we expect market to remain volatile given the political situation in the country. Net outflow for the day was USD0.05mln.