Another volatile day observed at PSX

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· Another volatile day observed at PSX as index opened in the negative zone due to political unrest and devaluation of PKR against US Dollar. During the 2nd hour of trading, value buying was observed which led the KSE 100 index to stay in the positive zone as rally was witnessed in the cements and fertilizer sector. In the last trading hour, across the board profit taking was witnessed.

· The Index closed at 43,928.08, up by 26.03pts (+0.06% DoD). Sectors contributing to the performance include Banks (+49.9pts), Chemicals (+41.6pts), Fertilizer (+30.8pts), Technology (+10.7 pts) and Investment Banks (+9.5pts).

· Volumes decreased from 170.5mn shares to 115.6mn shares (-32.2% DoD). Average traded value also decreased 16.6% to reach US$ 24.7mn as against US$ 29.7mn.

· Stocks that contributed significantly to the volumes are TELE, TPLP, EPCL, GGL and WTL.

Courtesy – AHL

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