Market remained choppy due to lackluster volumes as market participants were eyeing over ongoing International monetary fund (IMF) staff level review. That said, market closed at a level of 44,477, down 109pts (-0.24%). On weekly basis, KSE 100 index down by 0.88% (-394 points).

In Today’s session, major negativity came from LUCKY, HUBCO, FFC, CHCC and TRG which cumulatively weigh down the index by 90 points whereas SYS, HBL, COLG, BAHL & MCB added 108 points to the Index. On economic front, remittances for Sep-21 clocked in at US$2.67bn, up 17% YoY and flat MoM.

Total traded volume of the market clocked in at 176mn shares with a value of Rs6.8bn. WTL was today’s volume leader with 18.5mn shares.

Courtesy- AL Habib Capital Markets (Pvt.) Ltd