·        Following the turmoil developed over the weekend on the law and order front, the KSE100 index dropped by 694pts during the session, however, recovered roundabout 600pts afterwards. New Finance Minister taking the charge today, helped boost investors’ confidence, however, selling pressure kept the recovery in Index in check. Among Fertilizer sector, EFERT announced financial results today with a healthy dividend payout that helped the stock perform. Among scrips, WTL topped the volumes with 101.4M shares, followed by BYCO (24.2M) and TRG (23.4M).

·        The Index closed at 44,914pts as against 45,306pts showing a decline of 392pts (-0.9% DoD). Sectors contributing to the performance incude Technology (-128pts), Banks (-54pts), Power (-36pts), Textile (-33pts) and Cement (-30pts).

·        Volumes increased from 173.5mn shares to 363.1mn shares (+109% DoD). Average traded value also increased by 47% to reach US$ 84.1mn as against US$ 57.2mn.

·        Stocks that contributed significantly to the volumes include WTL, BYCO, TRG, GGL and TELE, which formed 52% of total volumes.

·        Stocks that contributed positively to the index include MARI (+29pts), EFERT (+21pts), ENGRO (+17pts), ABOT (+8pts) and HCAR (+7pts). Stocks that contributed negatively include TRG (-126pts), HUBC (-31pts), FFC (-22pts), HBL (-19pts) and PSO (-16pts).

Courtesy – AHL