PSX index – Leveraged positions fall from Rs. 45B to Rs. 35B

· Market opened on a positive note today and added a total of 1051pts, similar to the performance witnessed on Friday. Leveraged positions have come off lately, whereby leverage in MTS, MFS and Futures stood Rs. 45B on March 8th, and by the end of the week declined to Rs. 35B. Govt’s win of Senate chairmanship also helped investors make view on index. Buying was witnessed across the board, with Cement and Steel sectors contributing the most to the Index. Among scrips, TRG led the volumes with 24.8M shares, followed by UNITY (23.6M) and FCCL (21.1M).

· The Index closed at 44,767pts as against 43,788pts showing an increase of 979pts (+2.2% DoD). Sectors contributing to the performance include Cement (+170pts), Technology (+152pts), O&GMCs (+100pts), Banks (+92pts) and Power (+79pts).

· Volumes increased from 442.5mn shares to 455.6mn shares (+3% DoD). Average traded value also increased by 2% to reach US$ 139.9mn as against US$ 137.5mn.

· Stocks that contributed significantly to the volumes include TRG, UNITY, FCCL, BYCO and KEL, which formed 24% of total volumes.

· Stocks that contributed positively to the index include TRG (+97pts), PSO (+71pts), LUCK (+58pts), SYS (+54pts) and HUBC (+47pts). Stocks that contributed negatively include ENGRO (-12pts), MCB (-5pts), PKGS (-4pts), MUREB (-4pts) and HGFA (-4pts).

Courtesy – AHL

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