PSX continued to remain under pressure today

·        PSX continued to remain under pressure throughout the day due to concerns regarding uncertain economic situation. The benchmark KSE-100 index witnessed a volatile session as investors opted to remain sideways as Pak Rupee continued its freefall against US Dollar. Main board volumes remained dry whereas decent volumes were observed in the 3rd-tier stocks.

·        The Index closed at 39,972.64pts, up by 78.59pts (+0.20% DoD). Sectors contributing to the performance include Banks (+76.9pts), Chemicals (+54.2pts), Technology (+27.5pts), Engineering (+14.4pts) and Cement (+10.1pts).

·        Volumes decreased from 131.8mn shares to 121.6mn shares (-7.6% DoD). Average traded value also decreased by 1.3% to reach US$ 17.6mn as against US$ 17.8mn.

·        Stocks that contributed significantly to the volumes are LOTCHEM, WTL, TPLP, CNERGY and UNITY.

Courtesy- AHL

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