Range bound session was observed today due to political unrest. The market opened in the green zone but stayed volatile throughout the day. Mainboard activity remained dull. On the flip-side, activity continued to remain side-ways as the market witnessed hefty volumes in the 3rd tier stocks. In the last trading hour, profit-taking was witnessed which led the index to close in the red zone.

The Index closed at 43,807.23pts as against 43,975.69pts showing a decrease of 168.46pts (-0.38% DoD). Sectors contributing to the performance include E&P (-50.7pts), Cement (-21.8pts), Power (-20.9pts), Technology (-19.3pts) and Textile Composite (-17.4pts).

Volumes decreased from 236.5mn shares to 148.5mn shares (-37.2% DoD). Traded value also decreased by 48.3% to reach US$ 16.6mn as against US$ 32.2mn.

Stocks that contributed significantly to the volumes include FLYNGR1, WTL, TPLP, UNITY and KEL.

Courtesy – AHL