· A range-bound session was witnessed at the PSX today. The market opened in the red zone on account of political uncertainty, but later in the day investors jumped back, turning the index green and helping it reach an intraday high of 184.95 points. Profit-taking was observed in the final hour of trading causing the index to close in the red. Investors’ participation remained low, on the contrary, 3rd tier stocks remained as volume leaders.

· The Index closed at 42,796.85pts, down by 53.98pts (-0.13% DoD). Sectors contributing to the performance include Technology & Communication (-58.6pts), Miscellaneous (-24.6pts), Power Generation & Distribution (-16.8pts), Cement (-16.0pts), and Vanaspati & Allied Industries (-10.1pts).

· Volumes increased from 185.5mn shares to 188.7mn shares (+1.7% DoD). The average traded value also increased by +23.0% to USD 33.40mn as against USD 27.14mn.

· Stocks that contributed significantly to the volumes are LOTCHEM, WTL, TRG, UNITY, and TPLP.

Courtesy- AHL