On Friday the Stock market remained in the search engines but as of Thursday, the rhapsody witnessed then was all but gone. As the KSE-100 index had fallen to 100.61 points, and 0.22 percent to 45,865.02.
Although the prime selling came through the Brokers Proprietary Trading with the sum of $1 million. Even insurance companies had decided to take profit.
The market fortunate enough had consumed the high-priced scrips under the immediate selling pressure. With them being in the green whereas in the red light were Technology, E and P shares, and Motor vehicles.
The FATF plenary meeting report held by the watchdogs from February 22 did not affect the investor’s pace. Even though FATF appreciated the progress made on the action plan.
Declaring that the country had addressed 24 of the 27 marks.
Nonetheless, to comply with the three remaining to take Pakistan off the grid of the greylisting, the FATF had postponed the deadline till June.
With Friday being the last day of the roll-over week making the investors move cautiously.
The auspicious ones were Searle Ltd, Lucky Cement, and Habib Bank, which accrued an index of 112.5 points.
While the prime scrips that dragged the index down accrued by 128 points were TRG, Colgate, Palmolive and OGDC.
A day earlier the trading value stood at 480 million shares up from 469 million shares, The value improved from Rs23 billion to Rs26 billion.