· Another rangebound session was tapped at the PSX today. The benchmark KSE-100 index began the day in the green but the index swung both ways owing to lack of reasons to trigger investors activity closing in the red losing 68.74 points net. Investor participation remained sideways in wake of the delayed IMF deal. Volumes across the board were dull while the 3rd tier stocks led the volume board.

· The index closed at 40,152.05 down by 68.74pts (-0.17% DoD). Sectors contributing to the performance include Chemical (-50.5pts), Fertilizer (-30.5pts), Commercial Banks (-15.9pts), OMCs (-13.2pts) and Inv. Banks / Inv. Cos. / Securities Cos. (-8.0pts).

· Volumes increased from 97.0mn shares to 116.5mn shares (+20.2% DoD). The average traded value decreased by 28.4% to USD 8.9mn as against USD 12.3mn.

· Stocks that contributed significantly to the volumes were KEL, WTL, BOP, SNBL and TRG.

Courtesy- AHL