The stock market saw a significant shift in buying and selling patterns yesterday.

Yesterday 'Insurance Companies' made a huge amount of net selling of $8.3 million. While the 'mutual funds' were net buyers of $2.03 million. 

For both, this is a major shift from their recent trend. Funds had been consistently selling in the market while insurance sector was buying in small amounts in last thirty days.

The foreign corporates in last 30 trading sessions have kept on the sidelines except that one day net buying of over $4 million five days ago. See the charts here.

Dawood Hercules (DAWH) declared a cash dividend of Rs 3 per share and EPS of Rs 7.96 (last year same quarter Rs 12.93) for Q2-Jun2024. See Note.

Soneri Bank Limited (SNBL) declared a cash dividend of Rs 1.25 and earnings per share (EPS) of Rs 1.3 for the second quarter ending June 30, 2024. See note.