·   Another range-bound session was recorded at the PSX today. The market started in the negative zone and continued to trade in the negative territory for the majority of the trading session, reaching an intraday low of 480.64 points as investors chose to remain cautious due to the Supreme Court decision regarding the provincial elections. After the decision was announced the market welcomed much-needed clarity to the political landscape as volumes remained healthy across the board after a slow start to the week.

·   The index closed at 40,412.77 pts, down by 97.6pts (-0.24% DoD). Sectors contributing to the performance include E&P’s (-58.8pts), Cement (-37.5pts), Commercial Banks (-14.1pts), Miscellaneous (-6.8pts), and Sugar & Allied Industries- (-4.5pts).

·   Volumes increased from 126.3mn shares to 167.3mn shares (+32.5% DoD). The average traded value also increased by 61.5% to USD 34.9mn as against USD 21.6mn.

·   Stocks that contributed significantly to the volumes are WTL, HUBC, MLCF, CNERGY and MCB.

Courtesy- AHL