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KSE100 Index added 2150 points this week and closed at 46,602, up 4.85% over previous week. Trading volume also increased substantially. Rupee also strengthened by around Rs 8/-. This shows the level of confidence in the new administration after the dramatic event around vote of no confidence against PTI government last week. The new coalition Administration still has to take shape though. Till this evening cabinet has not been formed. 

"Foreigners' continued to be net sellers except last day of the week. As usual selling remained restricted to banking sector. In overall terms including Overseas Pakistanis, it was net buying by $1.23mn for the week. Individuals were major net buyers. Mutual Funds massive net sellers for the week to the tune of $9.89mn. Insurance companies were also massive net sellers and sold more than $7mn worth of shares in the week. As Kibor of +13% corporates and Mutual Funds preferred to be in money market and took advantage of  liquidity in the market to off load their positions. See details.


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