A proposed revision in gas companies’ tariff structure by the Oil and Gas Regulatory Authority (Ogra) also kept buyers on the sidelines while propelling selling. Engro’s removal from MSCI EM Index to a small caps index also caused a selling spree of the stock, despite a brief recovery later on in the week. On Monday and Tuesday, the stock market maintained its usual pattern of low turnover and lack of institutional investor interest. Weekly review: KSE-100 Index endures another tough rideAttractive valuations of notable index names attracted investor interest on Wednesday with the market making a slight recovery to break a four-day losing streak. Weekly review: Volatile KSE-100 ends nearly flatForeigners remained net sellers of $40 million during the week compared to a net selling of $6 million in the previous week.

Source: The Express Tribune December 02, 2017 19:07 UTC