Weekly Review

The Market closed the week up 411pts and 1.3pc to close above 33000 at 33080. It closed at this level last on Mar 8 but failed to sustain it. Volumes averaged at 167mln down 5pc from last week. Value traded was down 14pc at Rs7.8bln.

Volume leaders this week were NIB, KEL, BOP, TRG and DCL.

Crude oil prices were supportive of the index this week with Brent looking to close the week well above USD40.

The top performers this week were PIA, ATRL and NIB.

Sectors that did well were Oil and gas and cements. PPL was up 5pc for the week and Cherat closed up 6pc. ATRL closed up 8.6pc.

Fatima Fertilizer ended the week down 11pc. LPL was down 7pc.

Net flows turned negative again this week at USD7.6mln. Last week saw a inflow of USD4mln. To break past current levels the market will need some relief on the FIPI front. Oil prices are expected to remain volatile after rallying to their current highs. Monetary policy announcement could also help the market.