PSX Market remained volatile today as Country reported highest ever Covid-19 infections

· Market remained volatile today as Country reported highest ever Covid-19 infections in the last 4 months. Market opened on a bleak note as investors remained risk-averse. In Refinery sector, CNERGY remained in the limelight as its board approved acquisition of 57.37% stake in Puma Energy by virtue of which it will become second largest retail fuel network in Pakistan. In the last trading hour, profit taking was witnessed across the board. Activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.

 

· The Index closed at 45,763.2pts as against 45,916.3pts showing a decrease of 153.1pts (-0.33% DoD). Sectors contributing to the performance include Technology & Communication (-50.4pts), Cement (-33.8pts), Tobacco (-14.3pts), Pharma (-12.0pts) and Vanaspati (-11.0pts).

 

· Volumes decreased from 514.4mn shares to 327.6mn shares (-36.3% DoD). Traded value also decreased by 38.9% to reach US$ 36.7mn as against US$ 60.1mn.

 

· Stocks that contributed significantly to the volumes include CNERGY, WTL, HASCOL, UNITYR3 and TRG.

Courtesy – AHL

Share:
Posted in PSX.

Leave a Reply

Your email address will not be published. Required fields are marked *