IMF negotiations and PKR/USD parity hurting investors’ sentiments at PSX

The market remained choppy due to lackluster volumes, as market participants have adopted a cautious stance over IMF negotiations. PKR/USD parity closing at 175.7 in the interbank market kept the investors at bay. That said, the market closed at a level of 45,749, down 599pts (1.29%).

Major negativity came from TRG, LUCK, OGDC, ENGRO and SYS, which cumulatively pushed down the index by 186 points.

On weekly basis, KSE 100 index was down by 3.27% (1,547pts). Total traded volume and value for the day stood at 191mn shares and Rs7.7bn, respectively. UNITY was today’s volume leader with 14.9mn shares.

Courtesy – AHCML Research

Sharing is caring

Leave a Reply