·        The benchmark KSE-100 index witnessed a bloodbath session today due to concerns over inflation and growth rate due to prevailing flood crisis. The market opened in the positive zone but profit taking was witnessed throughout the day. The volumes remained dull across the main board on the contrary, hefty volumes were observed in the 3rd tier stocks.

·        The Index closed at 41,859.30pts, down by 449.81pts (-1.06% DoD). Sectors contributing to the performance include Banks (-68.1pts), Technology (-67.1pts), Cement (-56.3pts), Fertilizer (-48.0pts) and Power (-38.2pts).

·        Volumes decreased from 160.1mn shares to 156.8mn shares (-2.1% DoD). Average traded value also decreased by 5.7% to reach US$ 19.9mn as against US$ 21.1mn.

·        Stocks that contributed significantly to the volumes are WTL, PRL, HASCOL, CNERGY and KEL.

Courtesy – AHL