A range bound session was witnessed at the PSX today

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· A range bound session was witnessed at the PSX today due to mounting inflation, economic and political concerns. No materialization of funds from friendly nations kept sentiments in check. The benchmark KSE-100 index observed a volatile session as investors opted to remain sideways due to continuous fleet of US dollar against Pak rupee. Value traded leaders were TRG, ICI and AVN.

· The Index closed at 41,862.29pts, down by 85.87pts (-0.20% DoD). Sectors contributing to the performance include Cement (-28.5pts), Food & Personal Care (-18.4pts), Chemicals (-17.0pts), Fertilizers (-15.4pts) and Investment Banks (-14.5pts).

· Volumes increased from 146.6mn shares to 161.4mn shares (+10.1% DoD). Average traded value decreased by 18.2% to reach US$ 25.4mn as against US$ 31.0mn.

· Stocks that contributed significantly to the volumes were TRG, SCBPL, KEL and CENERGY.

Courtesy- AHL

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