· A mixed session was witnessed at the PSX today. The market opened in the green territory however, selling momentum built up over the ongoing political clamor in the country. Deteriorating macroeconomic factors have continued to undermine investors’ confidence resulting in significant volume reductions from the mainboard as 3rd tier stocks continued to dominate the volume board.

· The index closed at 41,539.94 pts, down by 72.73 pts (-0.17% DoD). Sectors contributing to the performance include Automobile Assembler (-27.7pts), Chemical (-18.7pts), OMC’s (-16.6pts), Commercial Banks (-16.0pts), Inv. Banks / Inv. Cos. / Securities Cos. (-13.6pts).

· Volumes increased from 126.3mn shares to 131.7mn shares (+4.3% DoD). The average traded value also increased by 20.1% to USD 17.4mn as against USD 14.5mn.

· Stocks that contributed significantly to the volumes are DCL, WTL, DFML, TPLP and KOSM.

Courtesy- AHL