·        PSX continued to remain under pressure throughout the day due to concerns regarding adverse upcoming budget and mounting inflation. The benchmark KSE-100 index witnessed a volatile session as investors opted to remain sideways as lackluster volume was witnessed in the main board stocks whereas hefty volumes were observed in 3rd-tier stocks. Banking sector stayed in the red zone due to expectation of higher super tax and increase in other taxes in the upcoming budget. 

·        The Index closed at 41,553.16pts, down by 15.25pts (-0.04% DoD). Sectors contributing to the performance include Banks (-62.9pts), Fertilizer (-18.2pts), Textile (-15.7pts), Automobile Assemblers (-14.2pts) and Insurance (-8.9pts).

·        Volumes decreased from 157.4mn shares to 151.1mn shares (-4.0% DoD). Average traded value increased by 6.2% to reach US$ 22.3mn as against US$ 21.0mn.

·        Stocks that contributed significantly to the volumes are UNITY, DGKC, OBOYR1, TPLP and PRL.

Courtesy- AHL