· Market witnessed profit taking today, KSE-100 index opened on a positive note but couldn’t sustain in green zone as investor opted for profit selling across the board due to weakening of Pak rupee against US Dollar. Main board activity remained dull but hefty volumes were recorded in 3rd tier stocks.

· The Index closed at 46,333.36, down by 206.23pts (-0.44% DoD). Sectors contributing to the performance include Banks (-89.2pts), E&P’s (-72.0pts), Technology (-51.0 pts), Power (-42.6pts) and Cement (-37.2 pts).

· Volumes decreased from 255.6mn shares to 228.6mn shares (-10.6% DoD). Average traded value also decreased by 8.4% to reach US$ 47.9mn as against US$ 52.3mn.

· Stocks that contributed significantly to the volumes are CENERGY, GGL, WTL, TELE and LOTCHEM.

Courtesy – AHL