· A mixed session was recorded at the PSX to kick off the business week. The market opened in the green zone, but lack of investor involvement drove the index down into the red zone, where it remained for the rest of the trading session, swinging in both directions and eventually closing in the red. Investors chose to stay on the sidelines due to the ongoing delay in IMF negotiations. Volumes in the mainboard dried up, while third-tier companies continued to dominate the volume board.

· The index closed at 39,835.50 pts, down by 213.75pts (-0.53% DoD). Sectors contributing to the performance include Cement (-39.0pts), E&P’s (-37.2pts), Miscellaneous (-34.9pts), Technology & Communication (-33.8pts), and Commercial Banks (-27.2pts).

· Volumes decreased from 135.1mn shares to 105.9mn shares (-21.6% DoD). The average traded value also decreased by -43.1% to USD 6.4mn as against USD 11.2mn.

· Stock that contributed significantly to the volumes are WTL JSBL KEL TELE and FCCL.

Courtesy- AHL