·        Market remained choppy due to the upcoming mini-budget. Profit-taking was witnessed in the last trading hour while market battled between the bulls and bears throughout the day. Main board volumes remained on the dull note due to lack of any trigger whereas activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.

·        The Index closed at 43,913pts as against 44,118pts showing a decrease of 204.9pts (-0.46% DoD). Sectors contributing to the performance include Oil & Gas Exploration Companies (-63pts), Technology & Communication (-55pts), Power Generation & Distribution (-34pts) Commercial Banks (-33pts) and Food & Personal Care Products (-20pts).

·        Volumes decreased from 223.4mn shares to 114.7mn shares (-48.7% DoD). Traded value also decreased by 39.8% to reach US$ 24.8mn as against US$ 41.2mn.

·        Stocks that contributed significantly to the volumes include CNERGY, TRG, UNITYR3, UNITY and TELE.

Courtesy – AHL