Weekly Review

The KSE100 resumed its upward journey gaining 3.8pc up 1900pts to close at 51751, with MSCI inclusion expected early next week. Average turnover jumped 35pc to 355mln shares and value traded put on 32pc at Rs.18.9bln. This is the highest ever close for the PSX. So far this year the index is up 8.2pc. The bullk of these gains came  in May with the index surging 5pc to date.

The index was pushed upward by Banks, Oil and Refiners with LUCK, HUBC, ISL and INIL offering significant support. Crude oil staged a bit of a rebound his week helping oil stocks.

Most actively traded scrips by value were TRG, ISL, SNGP, NML and OGDC. PRL gained 18pc among active stocks.

PAEL, GTYR and EFERT fared badly during the week.

​Outflow during the week was USD2.4mln.

Further gains are on the cards as MSCI fueled rally picks up with focus on budget related newsflow.