PSX market remained under-pressure today due to inflationary

·        Market remained under-pressure today due to inflationary concern arising from higher fuel prices. In cement sector, CHCC and KOHC remained in the limelight as it announced financial result in line with market expectations. Main board activity remained dull. Across the board selling was observed in the last trading hour, which led the market to close in the red zone.

·        The Index closed at 45,441.10pts as against 45,684.80pts showing a decrease of 243.70pts (-0.53% DoD). Sectors contributing to the performance include Fertilizer (-56.0pts), Power (-42.0pts), Inv Banks (-36.4pts), Banks (-22.0pts) and Vanaspati & Allied  (-16.7pts).

·        Volumes increased from 145.3mn shares to 152.9mn shares (+5.2% DoD). Traded value also increased by 15.5% to reach US$ 27.2mn as against US$ 23.6mn.

·        Stocks that contributed significantly to the volumes include WTL, HUMNL, TELE, KEL and UNITY.

Courtesy – AHL

Sharing is caring

Leave a Reply