Another slow session was witnessed at PSX today

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· Another slow session was witnessed at PSX today as rupee continued its devaluation against US dollar. The market continued to trade sideways after opening in the positive zone although economic and political unrest kept the investors on the sideline. Volumes remained dry across the main board however value buying was recorded in the last trading hour

· The Index closed at 41,824.79pts, up by 58.74pts (+0.14% DoD). Sectors contributing to the performance include Cement (+96.5pts), Technology (+20.8pts), Textile (+9.7pts), Chemical (+9.2pts) and Glass & Ceramics (+6.5pts).

· Volumes increased from 92.9mn shares to 108.7mn shares (+17.0% DoD). Average traded value also increased by 39.1% to reach US$ 19.5mn as against US$ 14.0mn.

· Stocks that contributed significantly to the volumes are MLCF, LOTCHEM, HASCOL, PIOC and FFL.

Courtesy- AHL

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