Saturday 23 March 2024

Pak MSCI Review: 12th Week

In general a mix performance this week.

The oil sector remained under pressure, with PPL declining by 5%, OGDC down by 4.6%, and SNGP by 3.5%.


Lucky Cement was also under pressure, declining by 3.6% on a weekly basis amidst a general decline in the cement sector.


In the banking sector, Habib Bank experienced the most significant decline at 7.6%, adjusted for payout.


Systems Ltd also experienced major declines, down by 3.46% for the week.


As for gainers, MCB and BAFL gained more than 3%, while FFC and Engro were up more than 2%. TRG also reversed its declining trend, rising by more than 1.6% for the week.