Weekly Review

compared tThe market completed a stellar we rising 5pc or 1836pts, this being the fastest weekly move up in a long while. The Index closed at 38777. Turnover rose 20pc to 183mln shares while value traded jumped 60pc to Rs 13bln, primarily on the back of activity surge in index heavyweights.

Inclusion in MSCI EM for Pakistan was the highlight of the week resulting in anticipated flows towards included stocks.

Top performers were the week were HBL and MCB gaining 21 and 15pc. UBL and BAFL put in 13pc, while MLCF and LUCK rose 11 and 8pc. DAWH gained 11pc.

AKZO was the worst performer for the week losing almost 10pc.

Essentially it was banks and Cements all the way with E&P'S remaining mixed on the back in a respite in crude oil prices.

​Foreign inflow during the week was USD19.5mln to a net outflow last week barring EFERT placement.