PSX market witnessed bloodbath session today as Russia launched military operation against Ukraine

· Market witnessed bloodbath session today as Russia launched military operation against Ukraine, that ignited the negative fear across the globe that led to triggered redemptions among the mutual fund industry.

· Across the board selling was observed.

· The Index closed at 43,830.51pts as against 45,132.92pts showing a decrease of 1302.4pts (-2.89% DoD). Sectors contributing to the performance include Banks (-261.9pts), Cement (-181.2pts), Technology (-176.5pts), Fertilizer (-115.5pts) and E&P (-78.6pts).

· Volumes increased from 186.4mn shares to 350.1mn shares (+87.8% DoD). Traded value also increased by 28.7% to reach US$ 49.6mn as against US$ 38.6mn.

· Stocks that contributed significantly to the volumes include FLYNGR1, WTL, HUMNL, KEL and CENERGY.

Courtesy – AHL

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