A negative session was witnessed at the PSX due to last day of rollover week

  • Post author:
  • Post category:PSX
  • Reading time:2 mins read

        A negative session was witnessed at the PSX due to last day of rollover week as investors opted for profit-taking. The first session consisted of dull activity despite opening in the green zone. However, in the second session investors opted for profit taking which hammered the index to close in the red zone. Main board volumes stayed dry. On the contrary, hefty volumes were observed in the 3rd tier stocks.

        The Index closed at 42,591.51pts, down by 441.06pts (-1.02% DoD). Sectors contributing to the performance include Banks (-85.5pts), Technology (-64.0pts), OMC’s (-61.1pts), E&P (-48.3pts) and Cement (-37.7pts).

        Volumes increased from 208.1mn shares to 265.8mn shares (+27.7% DoD). Average traded value also increased by 16.1% to reach US$ 40.9mn as against US$ 35.3mn.

        Stocks that contributed significantly to the volumes are KEL, PRL, PAEL, CNERGY and HASCOL.

Courtesy – AHL

Sharing is caring

Leave a Reply