· Another range-bound session was witnessed at the PSX today. The market opened in the red but soon the momentum changed as the market traded in the green throughout the day after political clarity. Although Investor participation remained sluggish in the mainboard on the contrary 3rd tier stocks continued to dominate the volume board.

· The index closed at 41,714.30 pts, up by 173.75 pts (+0.42% DoD). Sectors contributing to the performance include Fertilizer (+84.0pts), Commercial Banks (+64.0pts), Miscellaneous (+43.9pts), Technology & Communication (+24.1pts), Tobacco (+17.3pts).

· Volumes increased from 133.6mn shares to 144.8mn shares (+8.5% DoD). The average traded value also increased by 16.2% to USD 16.7mn as against USD 14.4mn.

· Stocks that contributed significantly to the volumes are PTC, DFML, WTL, FCCL, and TPLP.

Courtesy – AHL