Last was a bearish week for Pakistan shares market where KSE-100 index slumped by 1.0 percent or 408 points Week-on-Week (WoW) to close at 39,499 points.
With index heavyweight energy scrips being a major trigger, the benchmark crossed the 40,000 points psychological barrier during the first two sessions.
The number of shares traded daily averaged 0.3 percent lower on 231 million. While the traded value, however, rose 13 percent to Rs12.9 billion or $123.6 million, on average.
The week under review saw $18.4 million out-flowing from local bourse on account of foreign portfolio investment. Cements lured $0.7 million inflows as chemicals appeared as major losers with $10.5 million net selling.
"Start of the week marked another milestone for local bourse as benchmark KSE-100 index closed above the 40,000 level for the first time," viewed analysts at Topline Research.
They said banking and exploration and production stocks attracted the most interest where activity was led by results season.
However, the analysts said some correction was seen towards the end of the week.
According to Faizan Ahmed of JS Research, the equities witnessed profit-taking in last week after crossing 40,000 points mark.
He said almost all major index heavyweights went into corrective mode at high levels.
Cement shares, he said, shed 0.7 percent on increasing coal prices and strong price run during 2016TD, fertilisers 2.6 percent on increasingly weak outlook, banks 2.0 percent on continuous foreign selling and gas utilities 3.1 percent after strong price run up.
However, Ahmed observed, heavyweight oil and gas sector fared better than the rest, with 1.4 percent rise, during the week because of rising international crude oil prices.
"Overall participation recorded improvement with average value traded increasing... as corporate result announcements pick-up pace."
Share trading mostly remained concentrated into low market cap sectors such as personal goods and telecom.
"A good chunk of volumes can also be attributed to continued buying interest in K-Electric on rumours of potential stake acquisition by Chinese investors," the analyst said.
Other key highlights of the week were: reduction in NFML imported urea prices to Rs1310 per bag, government fetching Rs373 billion in T-bills auction, spike of 35 percent since mid-June in international coal prices and 15 percent yearly drop in Foreign Direct Investment which stood in July at $64.3 million.