PSx index stayed in the red territory during the day due to political unrest

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· Index stayed in the red territory during the day due to political unrest and further PKR devaluation against dollar. Main board activity remained dull. On the flip-side, activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.

· The Index closed at 44,337.56pts, down by 101.14pts (-0.23% DoD). Sectors contributing to the performance include E&P’s (-47.2pts), Fertilizer (-23.9pts), OMC’s (-16.3pts) and Investment Banks (-10.9pts).

· Volumes increased from 268.9mn shares to 344.1mn shares (+28.0% DoD). Average traded value increased by 8.4% to reach US$ 42.6mn as against US$ 39.3mn.

· Stocks that contributed significantly to the volumes are KEL, GGL, WTL, PAELR3 and TREET.

Courtesy – AHL

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