Pakistan, April 21 -- After starting off on a positive note, the market witnessed a steep decline during midweek, before finally staging a recovery during the final trading session to close at 37,292 points level, down marginally by 0.1 percent week-on-week (WoW).

There was a minor recovery in volumes (+18 percent WoW), which have been depressed in recent months for various reasons, particularly on the economic front (policy uncertainty, delays in external funding, etc.).

The midweek dip was mainly on account of the banking sector, following rumours of the transference of government holdings from commercial banks into a treasury single account (TSA) with the central bank. However, recent news flows in the final session of the week sugge...