Market Summary

The week began with a drop in trade volumes on account of negative sentiment prevailing  which  was  reflective  in  trading  behaviour  and  was  mainly  due  to political  and  industrial  pressures  in  the  fertilizer  sector,  which  were  carried forward from the previous week. However, the index gained 47 points (i.e. 0.40% percent) over the week to close at 11,348 on Friday. Expectations of a capital gain tax resolution and easing concerns on the political front assisted the market in closing in the green. Trade volumes improved to 47.32 million shares traded in the previous session from 17.56 million shares during the beginning of the week.

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