PSX sees profit taking today

  • Post author:
  • Post category:Uncategorized
  • Reading time:2 mins read

· Market traded range bound today, oscillating between -217pts and +117pts and closing the session -204pts. Profit booking was observed in E&P, Fertilizer, O&GMCs, Cement and Banking sectors. Regression in international crude prices became the reason for negative sentiment in E&P sector, on the other hand continuous foreign selling in Fertilizer sector pulled the prices down. Investors, in part, also saw upcoming decision at Election Commission regarding foreign funding case to be a reason for booking profit. Among scrips, TRG led the volumes table with 47.5M shares, followed by FFL (44.6M) and KEL (33M).

· The Index closed at 45,727pts as against 45,931pts showing a decline of 204pts (-0.4% DoD). Sectors contributing to the performance include E&P (-118pts), O&GMCs (34pts), Power (-33pts), Cement (-30pts) and Food (-15pts).

· Volumes increased from 531mn shares to 543.6mn shares (+2% DoD). Average traded value however, increased by 21% to reach US$ 134.9mn as against US$ 111.3mn.

· Stocks that contributed significantly to the volumes include TRG, FFL, KEL, HUMNL and UNITY, which formed 31% of total volumes.

· Stocks that contributed positively to the index include TRG (+78pts), UBL (+29pts), FABL (+13pts), SHFA (+13pts) and HMB (+10pts). Stocks that contributed negatively include PPL (-43pts), OGDC (-41pts), HUBC (-35pts), POL (-28pts) and LUCK (-22pts).

Author

Sharing is caring

Leave a Reply

Search Website for more Articles