The market closed down 9 pts to close 2015 at 32816. volumes were dry at 99mln shares with value traded at Rs5.6bln. The market stayed negative for most of the day to close almost even. Year ending shld kindle greater investor interest in 2016.
The market closed 138pts plus mainly on the back of a 5pc cap in PPL and a 3.6pc rise in FFC. PPL rallied on news of a likely 50pc increase in gas price for the Sui Field. Today's top turnover items by value were ENGRO, PPL, PAEL, FFC and TRG. Volumes and value traded rose 21pc to 145mln shares and Rs 8.5bln.
APL rose 3pc. The rest of the market was relatively mute. Byco and GHNL lost 4pc while PAEL lost 3.6pc.
The index closed up 174pts with volumes rising to 120mln shares. The market opened positive gaining 250pts at one point. Todays net outflow number was USD1.5mln.
Today's gainers were TRG, FFC, Byco, FFBL and JSCL gaining 5pc or a little less. The Fauji s took respite from a hammering in recent weeks, rallying on news of delays in gas price hike. Netsol and SNGP were losers today ending 5pc and 3pc lower.
The market closed down 277pts for the week with an average daily turnover of 89mln shares and value traded of Rs6.4bln. Turnover was over half December's average while value traded was over three quarters of the December average. The shortened trading week led to dull trading activity with the main news for the week being HBL's troubles with US regulators. Engro saw support during the week due to the governments reported desire to arrange continued gas supplies from Mari for EFERT. Movement during December so far has been anemic with net change in the index of 245pts so far.
Netsol was the major gainer among active stocks this week ul 16pc. ATRL, GHNL, JSCL also found support ending up 6-8pc for the week. Fatima closed up 5pc. SSGC and SNGP closed down 6pc. Noon Pakistan lost 15pc on announcement of its right issue. HBL ended down 3pc.
Net Foreign outflow during the week was USD1.8mln for the week, last week it was USD10.3mln,
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