· A range-bound session was recorded at the PSX today. The market opened in the green and strived with optimism over the resumption of the IMF program for the long-due 9th review as the Pak Rupee continued to gain against the US Dollar. Investors remained active for most of the day as robust volumes were recorded in the 3rd tier stocks.
· The index closed at 41,514.44 down by 24.28pts (-0.06% DoD). Sectors contributing to the performance include Technology & Communication (-27.2pts), Power Generation & Distribution (-20.4pts), Food & Personal Care Products (-16.8pts), Fertilizer (-16.3pts) and Tobacco (-14.1pts).
· Volumes increased from 144.2mn shares to 179.6mn shares (-24.6% DoD). The average traded value decreased by 8.6% to USD 13.1mn as against USD 14.3mn.
· Stocks that contributed significantly to the volumes were TPLP, HASCOL, WTL, DFML and SHEL