While transaction volume further squeezed to 12.854 million shares, as compared to previous volume of 16.012 million shares. According to brokers, the market opened on a negative note but finally closed with increment in the index. The investors are scared due to situation arising out after issuance of detailed judgement of the Supreme Court on NRO.
Commenting on the market situation, Chaudhry Mohammad Afzal of Rahat Securities Ltd, said although correction was due in the market, political situation emerge after detailed judgement of apex court on NRO had caused negative signs for the market. He advised the small investors to adopt cautious approach while making investment and only invest in fundamentally strong shares. The oil sectors shares including Attock Refinery, Pak Oil Fields and National Refinery Limited registered gains, he added.
Losers were just ahead with the gainers, as out of a total of 102 companies, 41 showed strength and were closed in green zone, 40 suffered losses, while 21 companies stayed unchanged at their previous levels. Engro Corporation Limited gained Rs 3.91, First Capital Equities was improved by Rs 3.41, Arif Habib Securities was appreciated by Rs 1.91, while Attock Refinery, Pak Oil Fields and National Refinery were up by Rs 1.21, Rs 2.14 and Rs 1.76, respectively.
Among losers, HBL lost Rs 3.74, Royal Bank of Scotland was declined by Rs 1.07, ICI Pak Limited shed Rs 0.92, while Suraj Cotton Mills, MCB and PPL were down by Rs 0.63, Rs 0.26 and Rs 0.23, respectively. Lotte Pakistan was the market leader followed by Fauji Fertiliser Bin Qasim.