KSE-100 index closed the week at 13,666 points, up by a modest 0.79% WoW. Trading activity remained weak with avg. daily turnover falling by 9.3%WoW to 86.4mn shares. KSE-100 index followed news flows relating to PAK-US relationship where the market picked momentum in latter half of this week on marked positive change in tone of the US towards Pakistan. A weak PkR coupled with sell-off in regional markets resulted in continued outflow on the foreign investment front, where a weekly outflow of US$14.1mn (-16%WoW) was recorded. Trading activity was led by JSCL (39.41mn shares), PTC (34.93mn shares), DGKC (28.63mn shares) and ENGRO (22.81mn shares). Top gainers included PSMC (+5.4%WoW; increase in car prices and sequential growth in sales), HUBCO (+4.4%WoW; news flow regarding tariff finalization of Narowal plant), FFBL (3.9%WoW; expectation of sequential improvement in fertilizer offtake and earnings), MEBL (+3.6%WoW) and DGKC (+3.5%WoW; reduction in turnover tax to 0.5%) whereas SNGP (-8.2%WoW; continuing dispute over UFG), LUCK (-4.2%WoW; relatively weak exports) and PSO (-4.0%WoW; following decline in int’l oil prices) comprised the list of laggards.
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