The market ended the week up 428pts, recovering last weeks 408pt loss. Turnover averaged 232 mln shares, level with last week while value traded fell to Rs. 10bln from Rs 12.9bln, down by a quarter. Banks, Cements, Steel Autos and refiners led the market higher as foreign flows turned positive this week to USD1.8mln compared to last weeks outflow of USD 18mln.
The weeks top performers among actively traded scrips were ISL, SNGP, AKZO, ICI and TRIPF gaining 9-13pc. OTSU gained 27pc.
PRL, SHEL, SHFA and IBFL lost 5-7pc.
NBP and INDU announced better than expected EPS today helping sentiment.
With the market absorbing outflows this week, players will look to push past 40000 mark once more.
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