The KSE-100 index witnessed profit taking

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· The benchmark KSE-100 index witnessed an under-pressure session today as investors opted for profit taking. Main board activity remained dry whereas hefty volumes were recorded in the 3rd tier stocks.

· The Index closed at 41,765.62pts, down by 112.95pts (-0.27% DoD). Sectors contributing to the performance include Banks (-61.4pts), Fertilizer (-48.5pts), Technology (-21.0pts), OMC’s (-19.6pts) and Chemical (-13.9pts).

· Volumes increased from 247.9mn shares to 257.2mn shares (+3.7% DoD). Average traded value also increased by 4.5% to reach US$ 37.3mn as against US$ 35.7mn.

· Stocks that contributed significantly to the volumes are KEL, OBOYR1, WTL, UNITY and CNERGY.

Courtesy – AHL

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