Weekly Review

The market closed the week down 3.3pc at 39782, down 1419pts, we'll below the 40000 mark. Politics trumped overall optimism as well as quarterly results to cast a pall over sentiment. It was the largest weekly fall for the market since mid Jan 2016. Turnover and value traded tumbled WoW at 341mln and Rs 11.bln. Both were down 28 and 22pc respectively.

Volume leaders for the week were BOP, KEL, DSLR, TRG and PACE. Active stocks by value were ENGRO, TRG, EFERT, BOP and HASCOL.

Top performers for the week were SAPT, WYETH, SAPT, SFL up 28, 12, 26, 16pc.

Worst performers were SHEL, TPL, NRSL, ANL, JPGL, DSFL, TELE down +20pc.

Among active stocks ENGRO, TRG, BOP, declined by 5, 14, 14 pc.

Going forward we expect pressure and volatility to continue influencing market.



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