Pakistan stock market trades range bound today

Market traded range bound today, oscillating between -148pts and +186pts, closing the session +186pts (unadjusted). E&P sector, that led the Index the other day remained negative throughout the session on the back of an overnight decline in international crude oil prices by ~7%. Refinery, Tech and Chemical sectors on the other hand, performed well today with TRG, PTC hitting upper circuits. Banking sector stocks also remained muted but positive throughout the session. O&GMCs saw PSO bouncing back by the end of session, which otherwise traded below LDCP good part of the session. Among scrips, TRG topped the volumes with 54.5M shares, followed by PTC (37.1M) and BYCO (29.2M).

· The Index closed at 45,544pts as against 45,407pts showing an increase of 137pts (+0.3% DoD). Sectors contributing to the performance include Tech (+123pts), Autos (+29pts), Chemical (+27pts), Cement (+25pts), Banks (+19pts), E&P (-73pts), Fertilizer (-20pts) and O&GMCs (-17pts).

· Volumes declined from 440.9mn shares to 409.7mn shares (-7% DoD). Average traded value increased by 15% DoD to reach US$ 165mn as against US$ 142.1mn.

· Stocks that contributed significantly to the volumes include TRG, PTC, BYCO, HASCOL and ANL, which formed 41% of total volumes.

· Stocks that contributed positively to the index include TRG (+119pts), MTL (+16pts), ATRL (+15pts), PTC (+14pts) and HUBC (+13pts). Stocks that contributed negatively include OGDC (-46pts), ENGRO (-29pts), POL (-14pts), PPL (-13pts) and SYS (-9pts).

Courtesy -AHL

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