By Hamid Mahmood ISLAMABAD, Feb. 15 (INP-WealthPk) The market started on a bullish note last week (Feb. 7-11) due to the disbursement of USD1 billion by the IMF Board to Pakistan and the announcement of the much-awaited Textile Policy after some amendments. Midweek, however, the market corrected, as oil prices for the first time since 2014 reached USD90/bbl. In addition, Pakistan's fiscal deficit shrank by 2.1 percent (PKR1.37 trillion). According to WealthPk research, the market finished at 46,079.37 points, up 169.72 points (about 0.369 %). The KMI 30 index gained 197.93 points, while the all-shares index gained 156.83 points. KSE 30 index faced a loss of up to 0.80 points on week-on-week basis.

Index	Week Start	Week-End	Change	% Δ
KSE 100 Index	45,909.65	46,079.37	169.72	0.369682627
All Shares Index	31,433.09	31,589.92	156.83	0.498932813
KSE 30 Index	17,968.90	17,968.10	-0.80	-0.00445214
KMI 30 Index	74,559.75	74,757.68	197.93	0.265464946

Source: PSX/ WealthPk Stocks eventually freewheeled down to a quiet close on Monday, after starting on a high note and creating waves, as investors booked gains and awaited catalysts. During the trading, the benchmark KSE-100 shares index fell 68.40 points, or 0.15%, to 45,841.25 points, touching a top of 46,139.54 points and a low of 45,841.25 points. Stocks eventually closed on a solid note, boosted by excellent earnings reporting amid trigger drought, after succumbing to a rush of profit-booking following fears of another minibudget. The benchmark KSE-100 Share Index rose 106.70 points, or 0.23 %, to 45,947.95 points, up from 45,841.25 points in the previous session. The index reached a high of 46,037.85 points and a low of 45,728.88 points on the day. Stocks were steady on Wednesday, buoyed by strong bank earnings and a global market rally, as investors anticipated that possible inflows from other donors could help stabilize the economy. The major indication of the country's capital market strength, the KSE-100 Share Index, gained 391.81 points or 0.85 % to close at 46,339.76 points. During the session, the index hit a top of 46,408.83 and a low of 45,947.95 points. On Thursday, bears returned to the stock market, raising doubts about the physiological level of 46,000 points' long-term viability. Cement stockpiles were under pressure as international coal prices remained high. In the last trading hour, investors resorted to profit-taking in all sectors, causing the benchmark index to lose its recent gains. The KSE-100 index fell 399.72 points, or 0.86 %, to 45940.04 points at the closing. Stocks achieved some minor gains in range-bound trading on Friday, largely due to better-than-expected earnings reports. After bouncing between an intraday high of 46,144.49 and a low of 45,838.75 points, the benchmark KSE-100 Shares Index finished up by 139.33 points, or 0.30 %, to 46,079.37 points.

Source: PSX/ WealthPk

Last week, overall Foreign Investors Portfolio Investment (FIPI) sold their shares and made a profit of up to $5.90 million. Foreign corporations sold their shares and earned $6.78 million which was the highest-selling of the week followed by Mutual Fund with $4.53 million shares and insurance companies with $3.70 million. Other organizations purchased $11.13 million shares, the highest buying of the week, followed by individuals that purchased up to $3.09 million. Overseas Pakistanis purchased up to $0.91 million worth of shares.