·        Following the return of the business week, the bears had a successful day at the PSX. The benchmark KSE-100 index opened in the green, but bears gained control and drove the index down to 502.76 points at the close of trading. Market sentiment remains negative due to current political and economic instability, as well as the notification about TRG judicial proceedings further escalated the bearish scenario pushing the index down by 570.70 points during intraday. However, investors continued value hunting keeping the E&P sector in the spotlight in expectation of the resolution of the Gas Circular debt.

·        The index closed at 40,504.76 pts, down by 502.76 pts (-1.23% DoD). Sectors contributing to the performance include Commercial Banks (-162.8pts), Technology & Communication (-105.3pts), Cement (-74.2pts), Fertilizer (-73.1pts), and Power Generation & Distribution (-36.0pts).

·        Volumes decreased from 182.0mn shares to 163.9mn shares (-9.9% DoD). The average traded value increased by 1.3% to USD 30.3mn as against USD 29.9mn.

·        Stocks that contributed significantly to the volumes are PRL, PPL, CNERGY, WTL and TRG.

Courtesy – AHL