PSX market remained lackluster during the entire trading session today

· Market remained lackluster during the entire trading session, bear remained active in the market today by pushing investor on the side line in continuation to the concerns towards CAD and higher inflation along with indication of higher interest rates in the upcoming monetary policy.

· Market opened on a positive note but activity remained sluggish during the day due to volatility in index but managed to closed positive at the day end. Selling pressure seems to subside at current levels and market may witness good flows moving forward.

· The Index closed at 43,281pts as against 43,233pts showing an increase of 47.94pts (+0.11% DoD). Sectors contributing to the performance include E&P (+124pts), Technology (+83pts), Power (+26pts), Chemical (+10pts) and Cement (+8pts).

· Volumes decreased from 287.7mn shares to 176.9mn shares (-38.5% DoD). Traded value also decreased by 40.8% to reach US$ 34.5mn as against US$ 58.2mn.

· Stocks that contributed significantly to the volumes include WTL, TELE, TRG, UNITY and HASCOL.

Courtesy – AHL

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