Weekly review

October CPI numbers, encouraging cement off take, and the GOP completing the IMF review didn't do much to excite the market. Enthusiasm was curbed by a net foreign sale of USD10.2mln during the week half of this outflow occurring on Friday. The outflow was less compared to last week's number of USD20mln. The index closed up 165pts at 34427 meeting resistance at 34500. Average volumes rose by 15pc this week to 184mln shares and value traded was up by 10pc to Rs.9.1bln.

The weeks gainers were Cresent star insurance, Ghandara Industries up 25pc Avanceon, and TRG up 15pc.

Losers were Ecopack and Noon Pakistan.

Actively traded stocks this week were TRG, Pak Elektron, Nishat Mills, Engro and PSO.

Oil and gas marketing was up this week with PSO, Hascol and SSGC up 5pc.

Maple leaf cement was up around 5pc.

Efert lost 6pc on news of gas diversion to Guddu power plant by Dec 15.

Pakgen and lalpir power ended the week up 10pc on news of coal tariff approval.

Mughal Steel was up 6pc, K electric ended the week up 5pc. Byco was down 2pc and Pak Elektron was unchanged for the week.