Weekly Review

The KSE100 closed up 972pts(2pc) at 49527. Gains during the week, following a mammoth selloff last week, were pared, led by heightened political concerns over the JIT against PM Nawaz, a dearth of positive triggers and a less than expected interest in book building of PSX shares. Turnover averaged 207mln shares while value traded was Rs8.17bln. Both were down 23pc and 30pc respectively. 

Top items by value traded were ISL, SNGP, HBL, EPCL and PAEL while top items by volume were POWERR, BOPR2, EPCL, DSL and DFSM.

​Top performer during the week was EPCL up a solid 17.5pc, followed by DSL, DFML, ANL and STPL.
DFSM was the worst performer losing 30pc.

Going forward we see the market consolidate at these levels in the absence of positive triggers.