the kse 100 index closed down 2210 points for the week at the 43000 mark. This is on the back of a 1589 point loss last week. Average turnover was 183 million shares almost level with 189 million shares last week. Value traded was Rs9.8 bilion . This is the lowest closing this year. Intraday index made a low of 42347 points. Political tension and uninspiring earnings announcements were responsible for lackluster performance, in addition to outflows both foreign and local.
Worst performers during the week were PAEL, DFML, SSGC, EPCL, EFOODS and SEARL.
The market has now reached levels at which dips should encourage selective buying by investors.
Net outflow during the week was USD 2 million compared to and outflow of USD 31 million last week
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