· Profit taking continued at PSX today, KSE-100 index opened positive but could not sustain in green zone as profit taking dragged the index down to red zone due to weakening of Pak rupee against US Dollar, the session remained dull whereas hefty volumes were observed in 3rd tier stocks.

· The Index closed at 45,943.16 down by 390.20pts (-0.84% DoD). Sectors contributing to the performance include Banks (-98.3pts), Cement (-87.5pts), E&P (-67.22 pts), Fertilizer (-45.6pts) and Power (-20.7 pts)

· Volumes increased from 228.6mn shares to 235.0mn shares (+2.8% DoD). Average traded value decreased by 9.4% to reach US$ 43.1mn as against US$ 47.5mn.

· Stocks that contributed significantly to the volumes are CNERGY, TPLP, GGL, MLCF and TELE.

Courtesy – AHL