PSX market continued to remain volatile due to the roll-over week and upcoming mini-budget

· Market continued to remain volatile due to the roll-over week and upcoming mini-budget. Profit-taking was witnessed in the first trading hour while market battled between the bulls and bears throughout the day. Main board volumes remained on the dull note due to lack of any trigger whereas activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.

· The Index closed at 44,044pts as against 43,913pts showing an increase of 130.30pts (+0.30% DoD). Sectors contributing to the performance include Technology & Communication (+59pts), Oil & Gas Exploration Companies (+44pts), Cement (+9pts) Automobile Assembler (+9pts) and Oil & Gas Marketing Companies (+7pts).

· Volumes increased from 114.7mn shares to 143.4mn shares (+25.1% DoD). Traded value also increased by 12.9% to reach US$ 28.0mn as against US$ 24.8mn.

· Stocks that contributed significantly to the volumes include UNITYR3, TRG, HUMNL, KEL and UNITY.

(Courtesy – AHL)

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