The index closed down 282pts or 0.8pc at 34145. Average volumes were down half a percent week on week at 185mln shares but value traded was down 12pc WoW at Rs.8bln.
Top gainers were Balochistan glass up 75pc for the week. Ghandara Industries was up 28pc, Associated services was up 28pc, Haseeb Waqas sugar was up 23pc, Hussain Sugar and AKD Capital were up 22pc.
Losers were Shezan down 14pc, Ibrahim Fibres down 12pc, Descon and Bank Islami down 10pc. TRG lost 9pc
The most value was traded in SSGC, Pak Elektron, TRG, Engro and SNGP. All ended weaker for the week except SSGC which was up 2pc.
Oil an Gas marketing closed mixed. Shell closed up 8pc and ssgc 2pc while PSO, Hascol and SNGP closed down 4pc despite gas Tariff increase news.
Pakgen power closed up 7pc, while Lalpir managed a 2pc gain only.
PPL and OGDC closed down 3pc on soft international crude oil prices but Mari closed up 4pc.
Fertilizers closed negative with FFBl and FFC losing 3 and 2pc respctively.
Banks took support from Moodys stable outlook on the sector and closed mostly positive.
Most of the larger cements closed down with Maple Leaf , Lucky and Fauji losing 2-3pc.
Among automotives, Ghandara Industries closed up a massive 28pc, while Millat Tractors closed up 5pc on news of permission to export.
Actively traded scrips like TRG, Pak ELektron, Byco and Pak Bullk terminal closed lower.
The absence of triggers is hindering further gains even though the market seems to be absorbing foreign selling. This weeks net outlow was USD5.6mln compared to USD 10mln the week before. The SECP's proposed regulatory regime may influence market movement.
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