Bourse reversed to the green zone after two-days of losses in the midst of a volatile session but managed to notch again led by blue chips and diversified financials.
Index opened positively and was see-sawed from red to green with sizable volatility but gradually moved upwards with investor interest spanning on banking counters COMB and HNB.
Accordingly, the index recouped previous losses and closed positively at 8,767 gaining 45 points.
Meanwhile, market turnover displayed robust improvement as it was recorded at a week high of Rs 853.7 Mn (+23% cf. monthly average turnover of RS 694.3 million) dominated by the Capital Goods sector which solely accounted for a 43% contribution
following the stake change of 1.0Mn shares of HHL which took place off-board. Meanwhile, the Diversified Financials segment too contributed significantly with a contribution of 27%.
Foreign investors remained net sellers with a midst high participation recording a net foreign outflow of Rs 282.3 million.
Accordingly, DIST, CALT and LOLC were the top three shares to lead foreign inflow while HHL, VFIN and SAMP were the three counters recording the largest foreign outflow.