Stocks shed 518 points in lacklustre week

Dawn | Jul 14, 2019 at 6:54 AM
  • The market remained lacklustre in the outgoing week as investor participation was at multi-year low amid lack of market moving triggers and release of International Monetary Fund staff report that painted a bleak near-term macroeconomic picture for Pakistan.
  • Negative contributions were made by: commercial banks which ate away 81 points, followed by power generation and distribution 77 points, oil and gas marketing companies 53 points; automobile 53 points and cement 50 points.
  • Scrip-wise negative contributions came mainly by Hub Power, lower by 53 points; Pakistan State Oil 37 points, Bank Al Habib 29 points, DG Khan Cement 24 points and Indus Motors 21 points.