Day review

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.