· A range bound secession was observed at PSX today due to further devaluation of PKR against US dollars and concerns over spike in T-Bill yields. The market opened in the green zone but failed to sustain the positive trend as profit selling was witnessed in the main board. The secession remained dull although 3rd tier stocks continued their positive momentum.

· The Index closed at 45,553.02 down by 99.60pts (-0.22% DoD). Sectors contributing to the performance include Misc. (-66.8pts), Chemical (-30.5pts), Fertilizer (-25.9 pts), Banks (-24.8pts) and Power (-21.2 pts)

· Volumes increased from 186.4mn shares to 217.6mn shares (+16.7% DoD). Average traded value decreased by 5.8% to reach US$ 28.4mn as against US$ 30.1mn.

· Stocks that contributed significantly to the volume are CNERGY, HUMNL, LOTCHEM, TPLP and GGL.

Courtesy- AHL