· Another range-bound session was recorded today at the PSX. The day began with favourable sentiments regarding the news for the renewal of the IMF program, reaching an intraday high of 242.92 points keeping the PSX in green. However, in the last trading hour, profit selling was witnessed, resulting the index closing in the red. Investor engagement was dilatory, with third-tier equities leading the volume board.
· The index closed at 41,117.32 up by 18.02pts (+0.04% DoD). Sectors contributing to the performance include Textile Composite (+27.0pts), E&P’s (+22.7pts), Food & Personal Care Products (+21.2pts), Commercial Banks (+13.0pts), and Tobacco (+7.2pts).
· Volumes increased from 91.5mn shares to 105.6mn shares (+15.4% DoD). The average traded value also increased by 60.9% to USD 9.0mn as against USD 5.5mn.
· Stocks that contributed significantly to the volumes are HASCOL, WTL, HBLTETF, FFL and CNERGY.
Courtesy – AHL