The market opened this week taking a step towards establishing normalcy increased trading by 1 and a half hours with the market close time brought back to 2.30 p.m.
The Bench Mark All share price index gained 46.87 points over the week to end on 4846.76 points however the S&P SL20 index which represents the 20 largest, profitable and most liquid stocks on the exchange dipped marginally by 18.3 points and ended the week on 2016.08 points. The consolidated turnover recorded for the 4 day week was Rs. 5.1 billion rupees.
Meanwhile on Friday Bourse ended in the negative territory reversing the impact seen in the past two sessions on the back of recent Fitch report regarding the credit worthiness of domestic issuers after the sovereign rating downgrade. Banking and capital goods sectors contributed to 73% of the turnover for the session while parcel trades made in CTC and SAMP boosted it substantially.
The ASPI was dragged down predominantly due to the price losses in big cap JKH & CTC. The index reached its intraday high of 4,901 within the first few minutes of trading thereafter came tumbling down and hit its intraday low of 4,838 before closing at 4,847 losing 40 points. Market recorded a net foreign inflow amidst a high participation on Friday.
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