Weekly review

The index ended at 34262 up 317pts just under 1pc week on week despite a steady stream of foreign outflow.. Average volumes rose 2pc to 165mln shares. Value traded was up 12pc to Rs.9.2bln.

Gainers for the week were Noon Pakistan up 18pc. Bata was up 15pc, Colgate and Indus motors 11pc, Pace 10pc, General Tyre 8pc and Shifa Hospital 7pc. Arif Habib Corp was up 10pc.

Ibrahim fibre fell 15pc for the week. Cyan, PNSC, Biafo and Netsol were down 11pc. Saif Textile and Hum network were down 7pc.


FFBL closed down 3pc with urea and DAP sales falling sharply in September. Autos performed this week, Indus, Pak Suzuki and Honda car ended the week up 11, 6pc and 6pc. Strong earnings from Indus and Pak Suzuki were responsible for this, General Tyre was up 8pc. MCB, HBL and UBL were unchanged. Cements were subdued with Fauji and Maple gaining 1.5-2 pc. Pharma sector couldn't carry last week's momentum and closed marginally lower. Trading plays like TRG, Byco, Pak Electron and Al shaheer moved 1.75, -5.5, 0.6, 1.2pc. Among oil and gas marketing only PSO closed up 5pc with its better than expected quarterly earnings, HASCOL was down 5pc and the Suis closed lower. E&P's were unchanged. Local investors gave much needed support to the market in the face of foreign selling,