KSE Rings in the New Year on a Positive Note

The market closed up 400pts despite Net outflow of USD1mln. The market closed at 33229. For the week the index rose 729pts. average turnover was 113mln shares and value traded was Rs6.6bln. Last week the market lost 277pts. Turnover was 26pc higher than last week but value traded was almost the same. Friday saw a better than expected inflation number for December. Encouraged by good cement dispatch numbers investors accumulated cement stocks . Textiles also attracted attention after a particularly dismal spell on the back of expected support over power issues.