The index closed down only 34pts but the lack of interest in the market was striking. Volumes and value traded were both down 40pc to 122mln shares and Rs 5.7bln.
Gainers were Noon Pakistan, Ghandara Industries and Atlas Honda. They gained 5pc. Hum networks,Ecopack, Quice foods and Byco were the losers at the exchange today. They were down around 5pc. Inflation numbers for October were announced today at 1.6pc. The MSCI semi-annual review in mid November is a potential trigger for the market. Look for value in Bank Al Habib, DG Khan cement, PPL, OGDC and ENGRO.
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December 2018
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