Pakistan Stock Market traded range bound between +124pts and -374pts today

· Market traded range bound between +124pts and -374pts, closing the session -273pts. Rollover week had its toll on the market, besides disappointment from financial results and slippage of PKR against USD. Selling pressure was evident in Cement, Steel, Power sectors. Among scrips, HASCOL led the table with 28.8M shares, followed by GGL (25.1M) and KOSM (21.6M).

· The Index closed at 47,137pts as against 47,363pts showing a decline of 227pts (-0.5% DoD). Sectors contributing to the performance include Fertilizer (-37pts), Textile (-30pts), E&P (-24pts), Banks (-23pts) and Engineering (-20pts).

· Volumes increased from 360.8mn shares to 382.3mn shares (+6% DoD). Average traded value also increased by 13% to reach US$ 80.3mn as against US$ 70.8mn.

· Stocks that contributed significantly to the volumes include WTL, KEL, BYCO, YOUW and BOP, which formed 30% of total volumes.

· Stocks that contributed positively to the index include MEBL (+61pts), SYS (+27pts), LUCK (+12pts), DCR (+7pts) and PAKT (+6pts). Stocks that contributed negatively include ENGRO (-30pts), HBL (-28pts), INIL (-21pts), SRVI (-16pts) and OGDC (-15pts).

Courtesy – Market traded range bound between +124pts and -374pts

Sharing is caring

Leave a Reply