LAHORE
The KSE 100 index traded both ways, falling down to intraday low of 44,549.45 with loss of 273.67 points in the first session. Late buying helped it close in 399.03 points in the green at 45,222.15.
The KMI 30 index swelled up by 1,129.91 points and the KSE All Share Index grabbed 246.91 points. The advancer to decliner ratio stood at 236 to 85.
The last trading session of the week at the Pakistan Stock Exchange (PSX), Friday was at best a little different from the previous ones. Uncertainty clouded the market and investors remained indecisive on to what stance to take.
Not only foreign investors were net sellers of US$ 4.93 million in the month until Thursday, local individuals and funds also withdraw net holdings worth US $ 6.40 million and US$ 1.07 million.
The dramatic fall and rise of the rupee against the dollar accompanied by contradictory statements from the finance minister and officials of the central bank left investors thinking.
With just 3 days left before the Joint Investigation Team is due to submit its report to the Supreme Court regarding the Panama Case nothing seems to be going in favor of investors. To add to the list of negative triggers, crude oil slumped in international market.
The market volumes trimmed further and 132.36 million shares were traded. TRG Pakistan Limited (TRG +5.00pc) led the chart again with 132.37 million shares exchanged on the counter followed by Pak Elektron Limited (PAEL +0.26pc), volume 9.50 million.
Despite the decline in crude oil prices, the E&P sector traded in the green. Pakistan Petroleum Limited (PPL +4.23pc) gained after notification of the new wellhead price in respect of specification natural gas produced from the Sui gas field being sold by the company to GoP nominated buyers has been received from OGRA.
The OGRA also ordered Shell Pakistan Limited (SHEL +0.60pc) to pay a $ 2.40 million fine for the tanker blast held recently.
