KSE-100 closed in the green zone

·        The market witnessed a bearish momentum during the first session due to inflationary and political concerns. However, the bulls made a comeback in the second session for value hunting across the board as the benchmark KSE-100 closed in the green zone. Main board volumes continued to remain dull although decent volumes were observed in the 3rd tier stocks.

·        The Index closed at 40,077.30pts, up by 245.55pts (+0.62% DoD). Sectors contributing to the performance include Fertilizer (+83.2pts), Technology (+70.5pts), Chemical (+30.2pts), E&P’s (+27.6pts) and Cement (+26.9pts).

·        Volumes increased from 158.0mn shares to 171.2mn shares (+8.4% DoD). Average traded value also increased by 10.5% to reach US$ 20.7mn as against US$ 18.8mn.

·        Stocks that contributed significantly to the volumes are WTL, UNITY, TPLP, FFBL and CNERGY.

Courtesy – AHL

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