Albeit, AHL research pin commencement of the result season as the key reason behind the
Sector-wise negative contributions were led by Power Generation & Distribution (71 points), Food & Personal Care Products (66 points), Oil & Gas Marketing Companies (49 points), Cement (39 points), and Tobacco (27 points). Scrip-wise negative contributions came from HUBC (48 points), ENGRO (47 points), NESTLE (31 points), MARI (31 points) and PAKT (27 points).
Foreign buying was witnessed this week clocking-in at USD 8.4 million compared to a net buy of USD 6.4 million last week. Buying was witnessed in Commercial Banks (USD 5.6 million) and Cement (USD 2.3 million).
On the domestic front, major selling was reported by Mutual Funds (USD 13.4 million) and Companies (USD 1.2 million). Average Volumes settled at 75 million shares (down by 29 percent WoW) while average value traded clocked-in at USD 21 million (down by 13 percent WoW).