Slipping 200pts for the week the market closed at 32877. Both average volumes and value traded dipped 33pc at 113mln shares and Rs5.3bln. The week was characterized by lack lustre trading with no major triggers either way except tepid crude oil prices which lost some momentum after a rally last week. Value traded fell to a six month low on 24 March.
Volume leaders for the week were DFML, TRG, KEL, BOP and SNGP.
Mughal and Amreli Steel emerged winners among actively traded stocks rising by 4pc and 7pc respectively, receiving support from the governments imposition of regulatory duty on steel. LPL rose 5pc and PKGP gained 8.4pc.
The worst performers were AVN losing 12pc and PIA losing 7pc.
NBP among banking stocks shed 4.5pc.
OGDCL slipped 2.5pc among Oil stocks.
INDU, PSMC and HCAR fell 6.5, 2.2 and 8.5pc because of an auto policy that favors new entrants over existing players.
Outflow during the week resumed at USD2.3mln. Last week it was USD 7.6mln.
Going forward we expect monetary Policy annoucement and upcoming quarterly results to provide impetus to the market.
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