The week in review

An absence of triggers and a shortened trading week ahead of Muharram holidays kept the index level with last week. Value traded fell 5pc WoW while turnover fell 10pc.

Cements were marginally lower. E&P's, Oil marketing ended lower and fertilisers ended mostly unchanged. The only winners were chemicals and pharma stocks. Commercial banks ended level for the week. HMB and Bank alfalah were the exceptions ending over 3pc higher. PIOC and MLCF ended lower 2 and 3pc. LUCK, FCCL and DGKC were almost unchanged. Noon pakistan posted a third weekly gain ending up 13pc WoW. Mughal also ended higher 13pc.

Trading favorites PAEL, TRG and BYCO closed 6, 1 and 3pc lower Wow.

Tri Pack Films ended 16pc lower WoW. Ghandar Nissan and Ghandara Industries Bata and Saif Textile were 7pc down. PPL closed 6pc lower on a disappointing quarterly announcement. Shell, Engro Polymer and Ptc closed 5pc down.

Foreign selling resumed on the last day of trading with an outflow of USD3mln bringing weekly outflow to USD2.6mln. Last week's outflow was USD 9mln

For a summary of weekly trading activity see the table on our Home Page

SYM	WEEK PCT CHG
ECOP	15.21
OTSU	14.40
ARPL	14.06
NOPK	13.36
HINOON	13.12
MUGHAL	12.96
SEARL	12.91
BIFO	11.12
BERG	10.28
SPL	9.91
PICT	9.74
NETSOL	9.44
SPEL	6.88
GTYR	6.76
ABOT	6.73
KOHC	6.47
HASCOL	6.28
FEROZ	5.61
THALL	5.39
JSCL	5.34
GLAXO	4.83