Due to rollover week, the PSX remained under pressure today

· Due to rollover week, the PSX remained under pressure today. Despite starting the day off in the green, the market was unable to maintain the positive momentum and spent majority of the trading session in red. On the contrary, major financial announcements were made but investors’ participation was subdued as volumes decreased overall. 3rd tier equities continued to lead in terms of volumes.

· The Index closed at 42,190.02pts, down by -157.21pts (-0.37% DoD). Sectors contributing to the performance include Technology & Communication (-111.9pts), Cement (-46.6pts), Automobile Assembler (-13.8pts), Commercial Banks (-11.9pts) and Chemical (-10.9pts).

· Volumes decreased from 226.7mn shares to 195.4mn shares (-13.8% DoD). The average traded value increased by 3.5% to USD 28.4mn as against USD 27.4mn.

· Stocks that contributed significantly to the volumes are HASCOL, WTL, GTECHBR, NCPL and PTC

Courtesy – AHL

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Posted in PSX.

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