June 13, 2021 (MLN): The benchmark KSE-100 index ended the week nearly flat at 48,304 level, gaining 93 points or 0.19% WoW.
According to the report by Spectrum Securities, the index started the week on a bullish note as IPP payments and the expectation of heavy payout kept investors sentiment high as it touched a high level of 48,633 pts. However, below than expected payouts resulted in a sell-off and profit-taking ahead of the FY22 budget.
Sector-wise positive contributions came from, Fertilizer (122 pts), Food & Personal Care Products (53 pts), Commercial Banks (46 pts), Technology & Communication (29 pts), and Automobile Assembler (27 pts).
Scrip-wise major gainers were EFERT (57 pts), SYS (50 pts), UNITY (46 pts), FFC (46 pts), and PTC (27 pts).
Meanwhile, the KSE All Share Market Cap increased by Rs915.4mn or 0.01% over the week, being recorded at Rs8.358trillion as compared to a Market Cap of Rs8.357trillion recorded last week.
Figures released by NCCPL showed that foreigners emerged as net sellers this week, as they sold a net $7.467mn worth of stocks with bulk of selling amounting to $6.738mn was done by Foreign Corporates.
On the domestic front, investors remained net buyers with major buying was reported by Mutual Funds ($14.864mn), and Companies ($9.1mn).
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