Last quote by Fawad Khan
Fawad Khan quotes
Consolidation was observed today after the market closed at an all-time high in the previous session.
Market witnessed a net foreign portfolio inflow of $1.4 million rupees in the last session. Similarly, sentiment was also positive on earnings season.
The market witnessed profit-taking and consolidation ahead of the result season due next week, with investors keeping to the sidelines.
The wait for earnings season to begin has kept investors on the sidelines.
Volumes were quite low today. With no particular activity apart from the refinery stocks, it is expected that activity will pick up with the earnings season likely to start next week.
Profit-taking was seen in the session and the upcoming weekend led the market to close down.
Increase in sales numbers in the auto sector led the market to close higher along with cement and banks, which also performed on the day.