·        Today, the market witnessed another range-bound session due to inflationary concerns arising from higher fuel prices. The index opened on a positive note at the start of the trading session but closed with negative 46 points. PIOC remained under pressure in the cement sector despite financial results in line with market expectations. Mainboard activity remained dull. Investors opted for profit-taking in the last trading hour, which led the market to close in the red zone.

·        The Index closed at 45,684.80pts as against 45,731.70pts showing decrease of 46.90pts (-0.10% DoD). Sectors contributing to the performance include Commercial Banks (-28.1pts), Cement (-28.1pts), OMC (-12.4pts), E&P (-6.0pts) and Sugar (-4.5pts).

·        Volumes decreased from 274.6mn shares to 145.3mn shares (-47.1% DoD). Traded value also decreased by 38.8% to reach US$ 23.5mn as against US$ 38.5mn.

·        Stocks that contributed significantly to the volumes include KEL, WTL, FABL, HUMNL and BOP. 

Courtesy – AHL