Volatile session observed in PSX due to political unrest today

Volatile session was observed today due to political unrest and overheated commodities cycle. Market opened in the red zone and stayed under pressure throughout the day. Cement sector stayed in the red zone due to mounting international coal prices. In the last trading hour, across the board selling was witnessed.

The Index closed at 42,878.35pts as against 43,266.97pts showing a decrease of 388.62pts (-0.90% DoD). Sectors contributing to the performance include Banks (-85.8pts), Cement (-67.7pts), E&P (-62.1pts), Power (-37.3pts) and OMC (-34.0pts).

Volumes decreased from 236.9mn shares to 226.1mn shares (-4.5% DoD). Traded value also decreased by 13.3% to reach US$ 39.9mn as against US$ 46.0mn.

Stocks that contributed significantly to the volumes include TPL, UNITY, GGL, TRG and TPLP. 

Courtesy- AHL

Posted in PSX.

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