Market opened on a positive note and stayed range bound throughout the day due to expectation of unchanged policy rate in upcoming monetary policy. Main board activity remained dull. In the last trading hour, value buying was observed.

The Index closed at 44,551.35pts as against 44,525.72pts showing an increase of 25.6pts (+0.06% DoD). Sectors contributing to the performance include Fertilizer (+62.3pts), Cement (+22.4pts), Technology (+19.6pts), Banks (10.2pts) and Chemicals (+7.9pts).

Volumes decreased from 188.7mn shares to 134.8mn shares (-28.6% DoD). Traded value also decreased by 35.7% to reach US$ 26.7mn as against US$ 41.5mn.

Stocks that contributed significantly to the volumes include FLYNGR1, TRG, YOUW, WTL and GGL.

Courtesy – AHL