· Another mixed session was observed at the PSX today. Owing to the ongoing political instability, the market opened in the negative zone, but fluctuated both ways as the index reached an intraday high of 206.72 points and finished in the green as investors remained optimistic about the 9th tranche of the IMF deal. Volumes remained steady across the board.
· The index closed at 40,733.51 pts, up by 113.57 pts (+0.28% DoD). Sectors contributing to the performance include Fertilizer (+49.1pts), Power Generation & Distribution (+33.1pts), Technology & Communication (+32.6pts), Cement (+31.7pts), and Pharmaceuticals (+19.9pts).
· Volumes decreased from 131.1mn shares to 124.1mn shares (-5.3% DoD). The average traded value also decreased by 3.2% to USD 22.6mn as against USD 21.8mn.
· Stocks that contributed significantly to the volumes are WTL, PPL, DFML, GGL and OGDC.