PSX sheds 108 pts today.

· Market took a bantering on the first day of the rollover week and lost a total of 421pts during the session, closing -108pts. The sentiment got dented early on which was obvious from the low volumes at the bourse, where the benchmark KSE100 posted a total of 75.2M shares, and All Shares Index posted ~195M. Technology, Oil & Gas chain (E&P, OMCs, Refinery) tumbled, whereas limited positive activity was observed in Power and Cement sectors. Monetary policy, which was to be announced after market close, met a hike of 25bps against street consensus of No Change. Among scrips, TELE topped the volumes with 19.8M shares, followed by WTL (13.3M) and BYCO (11.3M).

· The Index closed at 46,528pts as against 46,636pts showing a decline of 108pts (-0.2% DoD). Sectors contributing to the performance include E&P (-33pts), Textile (-26pts), Fertilizer (-16pts), Misc (+45pts) and Banks (+16pts).

· Volumes declined from 387.2mn shares to 194.7mn shares (-50% DoD). Average traded value also declined by 51% to reach US$ 47.9mn as against US$ 96.2mn.

· Stocks that contributed significantly to the volumes include TELE, WTL, BYCO, TRG and TPLP, which formed 33% of total volumes.

· Stocks that contributed positively to the index include PSEL (+46pts), MCB (+42pts), UBL (+20pts), LUCK (+13pts) and SNGP (+11pts). Stocks that contributed negatively include OGDC (-22pts), SYS (-17pts), KOHC (-14pts), ENGRO (-14pts) and MEBL (-13pts).

Courtesy – AHL

Share:
Posted in Article & Features.

Leave a Reply

Your email address will not be published. Required fields are marked *