· A Negative session was observed at the PSX today. Due to the ongoing political uneasiness, the market tanked as soon as the bell rang and kept losing ground during both sessions, which caused investors to shy away from the equity market, drying up volumes across the board while third-tier equities continued to garner attention.

· The Index closed at 41,856.31pts, down by 234.4pts (-0.56% DoD). Sectors contributing to the performance include Technology & Communication (-55.4pts), Cement (-55.8pts), Commercial Banks (-22.3pts), E&P’s (-23.7pts) and Pharmaceuticals (-25.3pts).

· Volumes decreased from 325.7mn shares to 298.1mn shares (-8.5% DoD). The average traded value also decreased by -24.2% to USD 24.6mn as against USD 32.4mn.

· Stocks that contributed significantly to the volumes are HASCOL, WTL, SSGC, DCL and CNERGY.

Courtesy – AHL