PSX Market remained volatile today due to rapid surge in the Covid-19 cases

§  Market remained volatile today due to rapid surge in the Covid-19 cases as within the past 10 days positivity rate has jumped from 1.08 percent to 3.66 percent showing an increase of 338.9 percent since the start of the new year. Profit taking was witnessed across the board. However, rally in banking sector was observed due to the expectation of foreign inflows.

Activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks. 

§  The Index closed at 45,881.1pts as against 45,887.6pts showing a decrease of 6.5pts (0.0% DoD). Sectors contributing to the performance include Cement (-31pts), E&P (-28pts), Technology & Communication (-20pts), Power (-10pts) and Tobacco (-10pts).

§  Volumes decreased from 356.9mn shares to 339.1mn shares (-5.0% DoD). Traded value also decreased by 17.9% to reach US$ 55.2mn as against US$ 67.2mn.

§  Stocks that contributed significantly to the volumes include WTL, HASCOL, UNITYR3, TRG and HUMNL.

Courtesy – AHL

Share:
Posted in PSX.

Leave a Reply

Your email address will not be published.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