·      Market remained dull today as sustainability concerns arise over physiological level of 46,000. Cement sector stayed under pressure due to higher international coal prices. In the fertilizer sector, EFERT remained in the limelight as it announced financial result in line with market expectations. Index level of 46,000 was unable to digest by the investors as profit taking was observed across the board in the last trading hour, which led the market to close in the red zone.

·      The Index closed at 45,940.04pts as against 46,339.76pts showing a decrease of 399.72pts (-0.86% DoD). Sectors contributing to the performance include Banks (-120.6pts), Fertilizer (-63.2pts), Technology (-57.5pts), E&P (-42.7pts) and Cement (-35.0pts).

·      Volumes increased from 243.1mn shares to 286.0mn shares (+17.6% DoD). Traded value decreased by 6.7% to reach US$ 53.0mn as against US$ 56.8mn.

·      Stocks that contributed significantly to the volumes include TREET, KEL, HUMNL, WTL and EPCL.

Courtesy – AHL