Bloodbath session was observed today due to political unrest and overheated commodities cycle. Market opened in the red zone and stayed under pressure throughout the day. Across the board selling was witnessed by the institutional investors. In the last trading hour, value buying was observed mainly in the E&P sector.

The Index closed at 43,266.97pts as against 44,551.35pts showing a decrease of 1,284.38pts (-2.88% DoD). Sectors contributing to the performance include Cement (-235.2pts), Banks (-222.1pts), Technology (-159.2pts), Fertilizer (-97.8pts) and Power (-91.3pts).

Volumes increased from 134.8mn shares to 236.9mn shares (+75.7% DoD). Traded value also increased by 73.4% to reach US$ 46.1mn as against US$ 26.6mn.

Stocks that contributed significantly to the volumes include HUMNL, WTL, FLYNGR1, TRG and TELE.

Courtesy – AHL