Weekly Review

The Index ended the week up 518pts or 1.5pc, to close at 33967. Turnovers rose almost doubled to 275mln shares while value traded rose 43pc to Rs.10.5bln. Higher volumes were accounted for by trading in 2nd tier stocks. The leaderboard was occupied by KEL, TRG, JSCL, DCL, SNGP and DCL. Investors approved of the SECP's proposal to increase circuit breakers to 10pc.

Small cap stocks rallied the most during the week, TRG, DCL, DCH, ANL, TELE, HUMNL, DOL rising 10-20pc.

Among the big names, banks, cements and OMC's rallied with cement stocks seeing the greater interest. Refiners also saw modest gains. FFBL gained 7pc, while ACPL and PAKCEM rose 6-7pc.

In line with expectations the SBP kept monetary policy stable. The market is likely to focus on upcoming quarterly results.