· A range bound session was witnessed at PSX today. The KSE-100 index opened in green, but rumors of emergent policy meeting kept the index choppy and traded in narrow range throughout the day as investor participation remained sluggish, however in the last trading hour profit selling were observed across the board which led the index to close in the red. Decent volumes were recorded across the board.
· The index closed at 41,078.65 pts, down by 248.20 pts (-0.60% DoD). Sectors contributing to the performance include E&P’s (-106.4pts), Cement (-41.4pts), Power Generation & Distribution (-24.6pts), Inv. Banks / Inv. Cos. / Securities Cos. (-23.2pts), and Textile Composite (-18.4pts).
· Volumes increased from 137.4mn shares to 141.9mn shares (+3.3% DoD). The average traded value also increased by 22.1% to USD 28.1mn as against USD 23.0mn.
· Stocks that contributed significantly to the volumes are WTL, MLCF, MEBL, OGDC & TRG.
Courtesy – AHL