Market volumes continued to gain strength as they rose 21 per cent from yesterday to finish at a weekly high of 130mn shares. The bulk of the volumes were concentrated in JSCL, which accounting for approximately 1/3rd of the total volumes and closed 10 per cent above its previous closing price.
The local bourse also finished the week on a positive run, as it gained 52 points for the day, to close at 11,982 points. After a few strong bull runs during the course of the week, Engro joined the rest of its fertilizer peers by closing in the red zone. On the contrary, the cement sector had a strong outing as DGKC and LUCK both ended up enjoying strong gains. With the results season in full swing, market volumes are expected to remain buoyant as investors remain hopeful of a positive earnings season, said Ali Hussain, Senior Investment Analyst at HMFS. The KSE 100 index closed at 11982.62 levels with the gain of 52.84 points, while KSE 30 index gained 34.85 points to close at 11258.08 levels. All Share index closed at 8314.78 levels after the gain of 43.96 points. Total 150 scrips advanced 82 declined and 87 remain unchanged out of total 319 scrips traded.
