The KSE-100 index gained 168.82 points during the shortened two-day week ended on September 3, 2011, and managed to close above 11,000 points level at 11,070.58 points on the back of local investors and institutional interest on dips.
Trading improved and the average daily volume at ready counter increased to 44.94 million shares, 25.7 percent higher than previous week''s 35.73 million shares.
Market capitalisation increased by Rs 38 billion to Rs 2.934 trillion.
Fresh buying was seen mainly by local investors and institutions. Foreign investors remained on the selling side due to their concerns over the declining trend in global capital markets and law and order situation in the city, and withdrew $590,326 from the local equity market during the week.
It was a two-day week with trading on Monday and Tuesday, as the market remained closed on the remaining days of week on account of Eid-ul-Fitr holiday.
On Monday, the market opened under pressure and the index hit 10,760.95 points intra-day low level. However, late buying in some select stocks supported the index to recover its intra-day losses and to close in positive at 10,903.88 points level marginally up by 2.12 points with total volumes of 36.828 million shares.
On Tuesday, local investors and institutional interest was witnessed in various stocks on dips and, accompanied by foreigners'' selling, the index registered healthy gain of 166.70 points and closed the week at 11,070.58 points.