The market remained sideways throughout the day due to concerns over rising political and economic unrest

·        The market remained sideways throughout the day due to concerns over rising political and economic unrest. PSX opened in the negative zone as rupee continued to decline against US dollar. Volumes continued to remain dry in the main board although decent volumes were witnessed in the 3rd tier stocks.

·        The Index closed at 39,894.05pts, up by 50.03pts (+0.13% DoD). Sectors contributing to the performance include Banks (+23.6pts), E&P’s (+18.7pts), OMC’s (+16.9pts), Technology (+15.1pts) and Textile (+14.8pts).

·        Volumes increased from 75.4mn shares to 131.9mn shares (+74.8% DoD). Average traded value also increased by 129.6% to reach US$ 18.1mn as against US$ 7.9mn.

·        Stocks that contributed significantly to the volumes are TPLP, CNERGY, LOTCHEM, WTL and PRL.

Courtesy – AHL

 
 

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