Zubair Yaqoob
Karachi
Market continued the uptrend on Friday, expecting positive outcome of the FATF meeting in the coming week. Mid of the month is also going to see several corporates announcing financial results, which also had the market trade, largely in positive direction. Cement and Steel sector braced decline following the trend in the past couple of sessions. During the session, the news of Iranian oil tanker explosion had international crude oil prices spike resulting positively on the E&P sector. Refinery sector lagged behind due to concerns on upcoming quarterly results. Traded value hit the highest level in rupee terms during 2019. Besides, Technology sector led the volumes table with 56.4M shares, followed by Cement (35M) and Chemical (31.9M). Among scrips, WTL ranked top with 30.8M shares, followed by LOTCHEM (19.1M) and TRG (18.8M).
