Market Summary
In a week dominated by corporate earnings announcements, expectations of a renewed monetary policy and a fragile economic and political scenario, trading reflected caution throughout all sessions. After reaching a six month high on Tuesday, the index closed at 12,232 gaining 95 points WoW with a total of 108 stocks gaining, 127 losing and 71 unchanged in the last trading session. Although trading volumes depicted a decline over the week, the last trading session closed on a slightly higher note reflecting investors’ cautious optimism regarding the monetary policy. Market capitalization declined by 12.05% WoW from PKR 3.07 trillion to PKR 2.70 trillion. WoW percentagewise, BWC was the leader gaining 37.87% to close at PKR 12.96. PICT ranked second gaining 24.35% to close at PKR 104.5 and SILK gained 15.20% to close at PKR 1.97 at the end of the week.
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