Stock market remained dull throughout the day, which saw volume shrink 45pc to 73m shares on Thursday, representing 9-month low.
Trading value fell to Rs4 billion which was at 14-month low. The KSE-100 index managed to claw up by 20.99 points to 29,697.79.
While local institutions and individuals were on the sell side, the market received support from foreign investors who bought $4.81 million worth equity. Overseas inflow this week turns out at $16m.
On Thursday foreign investors put $2.5m in oil and gas sector with Pakistan Petroleum posting gain of Rs8.06 and Pakistan Refinery hitting its ‘upper circuit’ with addition of Rs8.53. Lafarge Cement was the volume leader with 6m shares; the stock closing up by 19 paisa on rumours of a favourable sale price in the upcoming auction.
