The stock market experienced a mixed trading session on Friday as the benchmark index oscillated between red and green zones and ended the day marginally positive by 122.47 points.Profit booking up to some extent was witnessed at the local bourse where the index made an intraday high of +185 points vs. intraday low of -145 points. An equity analyst at IIS Securities said after the excitement of the past two days where KSE 100 Index gained 6.4 percent, Friday’s session remained mixed with investors booking profits.The SBP released data regarding weekly foreign exchange reserves, which declined to $15.126 billion (down 4.83 percent WoW) as of May 17, 2019. Fertilisers were the major contributors to the index’s gains Friday followed by cements. Overall, index closed at the 35,703.81 level after gaining 122.47 points.Traded volumes decreased by 38 percent over previous day’s session to 142 million shares, while value traded decreased to $40 million. Volume leaders were UNITY (0%), MLCF (+5%) and TRG (+0.1%).On the news front, the government formally announced that budget for the next fiscal year 2019-20 would be presented in National Assembly on 11th June 2019. Cement sector stood strong with heavy volumes where PIOC (+5%), MLCF (+5%), LUCK (+3.0%), FCCL (+3.6%), CHCC (+2.6%) and DGKC (+1.4%) closing in the green zone. E&P sector dragged the index as crude oil prices edged lower in the international market trading at $58.54/bbl. POL (-2.9%), PPL (-2.4%) and OGDC (-2.9%) were the major movers of the mentioned sector. Maaz Mulla, an equity analyst, expects market to continue similar trend and recommends investors to buy on weakness.