A range bound session was witnessed at the PSX today

·        A range bound session was witnessed at the PSX today. The benchmark KSE-100 index started off in the green, but the continuous political unrest kept investors away, causing the index to hit an intraday low of 221.37 points. On the other hand, value buying was seen in the final hour of trading, which led the index to close in the green. Volumes remained respectable due to rollover week, with 3rd tier stocks continuing to lead in terms of volume.

·        The Index closed at 41,602.85pts, up by 62.82pts (0.15% DoD). Sectors contributing to the performance include Technology & Communication (65.5pts), Fertilizer (25.9pts), Cement (19.4pts), Commercial Banks (18.5pts) and Chemical (12.4pts).

·        Volumes deccreased from 265.4mn shares to 203.5mn shares (-23.3% DoD). The average traded value  also decreased by -17.8% to USD 28.7mn as against USD 34.9mn.

·        Stocks that contributed significantly to the volumes are WTL, DFML, TRG, KEL and HUMNL.

Courtesy – AHL

Posted in PSX.

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