The market remained in a holding pattern today as the KSE-100 inched up a meager 18 points to close at 12,231 points. Investor activity reflected a profit taking sentiment in scrips such as JSCL and FCCL, which had been recording strong gains in recent trading sessions but ended up retreating today. After a quiet couple of weeks, fertiliser newcomer FATIMA roared back into action as it gained 2 per cent from its previous close along with a solid 8mn traded share volume. For the banking sector, NBP and MCB made the highlight reel as both stocks made positive strides in today’s session.
While volumes remained over the 100mn mark, a declining trend was evident as the week came to a close, signaling that the existing trigger effect has been absorbed and investors need a fresh boost to remain active, said Ali Hussain, Senior Investment Analyst at HMFS. The KSE 30 index closed at 11415.20 levels with the gain of 10.43 points, while All Share index closed at 8504.74 levels after gaining 13.36 points. Total 10 scrips advanced 127 declined and 71 remain unchanged out of total 306 scrips traded.
