Continuing its bearish momentum from yesterday, market opened on negative note and remained under heavy selling pressure leading KSE100 index to record intraday low of 43,149 (-680ppts). However, during the second half, buying momentum witnessed due to attractive valuation leading the index to close positive at 43,883 (+54ppts).

Scrip wise HBL, UBL and ABL cumulatively added 129ppts to the index. Whereas TRG, FFC, and SYS cumulatively taken out 130ppts from the index. Total traded volume of the market clocked in at 405mn shares with a value of Rs16bn. WTL was today’s volume leader with 51mn shares.

Courtesy – AHCML Research