·        Market witnessed a range bound session today as concerns over Pak Rupee devaluation against US Dollar kept the investors silent. The KSE-100 Index witnessed a sluggish day as investors await clarity on the resumption of IMF Program to accelerate much-needed confidence. Main board activity remained dull, on the contrary hefty volumes were observed in 3rd tier stocks.

·        The Index closed at 42,983.45pts, down by 43.43pts (-0.10% DoD). Sectors contributing to the performance include E&P’s (-39.5pts), Cement (-17.3pts), Banks (-14.6pts) and Investment Banks (-9.6pts).

·        Volumes decreased from 278.8mn shares to 187.1mn shares (-32.9% DoD). Average traded value also decreased by 26.4% to reach US$ 25.4mn as against US$ 34.6mn.

·        Stocks that contributed significantly to the volumes are GGL, WTL, SILK, TELE and CNERGY.

Courtesy – AHL