Lack of clarity over finalisation of the programme led to the persistent selling pressure as the index finished all four sessions in red. On the flip side, sectors that contributed positively include tobacco (up 27 points) and insurance (5 points). Scrip-wise negative contribution came from PPL (down 125 points), OGDC (90 points), POL (78 points) and HBL (73 points). Meanwhile, PSMC (up 24 points), PMPK (20 points), HMB (12 points) and PAKT (7 points) contributed to the index. Foreign buying continued this week clocking-in at $4.8 million compared to a net buy of $9.3 million last week.

Source: The Express Tribune May 05, 2019 03:45 UTC