PSX Market traded range bound today

· Market traded range bound today with an oscillation between -195pts and +149pts, and closing the session +32pts (unadjusted). Activity remained tilted towards Technology sector, which helped the Index put an increment and in volume terms led the index. Most of the volume went to WTL, however, NETSOL, TRG and AVN contributed to an uptick in Index. On a net basis, Cement, Textile, Pharma and Steel traded in the positive region, whereas E&P, Banks generally contributed to the negative side of the Index. Among scrips, WTL topped the volumes with 42.9M shares, followed by TELE (29.4M) and ANL (28.4M).

· The Index closed at 47,135pts as against 47,124pts showing an increase of 11pts. Sectors contributing to the performance include Power (-23pts), Banks (-16pts), Chemical (-13pts), Cement (+30pts), Food (+16pts) and Pharma (+11pts).

· Volumes increased from 337.3mn shares to 370.0mn shares (+10% DoD). Average traded value also increased by 7% to reach US$ 74.1mn as against US$ 69.2mn.

· Stocks that contributed significantly to the volumes include WTL, TELE, ANL, TPL and GGL, which formed 37% of total volumes.

· Stocks that contributed positively to the index include LUCK (+22pts), ENGRO (+15pts), FCEPL (+14pts), TRG (+12pts) and UNITY (+11pts). Stocks that contributed negatively include MCB (-18pts), COLG (-17pts), HUBC (-16pts), DAWH (-14pts) and SYS (-11pts).

Sharing is caring

Leave a Reply