PSX sees profit taking today

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

Market traded in a range following the onslaught in international markets that saw stocks markets in developed countries plummeting overnight. Local investors considered best to book profit rather than carry positions over the weekend. Selling pressure was observed in Cement, Fertilizer, E&P and Banking sector stocks amongst few winners in Steel and Tech sectors. O&GMCs topped the volumes with 92.7M shares, followed by Cement (86.7M) and Banks (82.2M). Among scrips, HASCOL led the volumes with 73.1M shares, followed by FFL (51.6M) and UNITY (41.3M).

· The Index closed at 42,023pts as against 42,188pts showing a decline of 165pts (-0.4% DoD). Sectors contributing to the performance include Banks (-60pts), Power (-59pts), Cement (-32pts), Fertilizer (-20pts) and Textile (-15pts).

· Volumes declined from 919.5mn shares to 758.1mn shares (-18% DoD). Average traded value also declined by 7% to reach US$ 149.4mn as against US$ 160.1mn.

· Stocks that contributed significantly to the volumes include HASCOL, FFL, UNITY, BOP and MLCF, which formed 29% of total volumes.

· Stocks that contributed positively to the index include SYS (+31pts), HASCOL (+20pts), ISL (+12pts), JLICL (+11pts) and PSX (+10pts). Stocks that contributed negatively include HUBC (-53pts), UBL (-26pts), LUCK (-22pts), TRG (-14pts) and ENGRO (-13pts). (Courtesy – AHL).

Sharing is caring

Leave a Reply