· A negative session was witnessed at PSX today. The KSE-100 began positively, but bears quickly took over as the index lost steam and ended the session in the red, owing to the state’s economic and political uncertainties, plunging the index to an intraday low of 420.71 points. Considering that investors chose to be cautious while trading, main board volumes dried up, while side board scrips dominated the volume board.

· The index closed at 40,918.45pts, down by 411.50pts (-1.00% DoD). Sectors contributing to the performance include E&P’s (-127.7pts), Fertilizer (-75.4pts), Cement (-59.8pts), Miscellaneous (-59.0pts), and Commercial Banks (-44.5pts).

· Volumes increased from 172.6mn shares to 195.5mn shares (+13.3% DoD). The average traded value decreased by -38.1% to USD 17.6mn as against USD 28.4mn.

· Stocks that contributed significantly to the volumes are UNITY, WTL, FFL, MLCF & PIBTL.

Courtesy – AHL