PSX sheds 273 points today on the back of slippage of PKR against USD

· Market traded range bound between +124pts and -374pts, closing the session -273pts. Rollover week had its toll on the market, besides disappointment from financial results and slippage of PKR against USD. Selling pressure was evident in Cement, Steel, Power sectors. Among scrips, HASCOL led the table with 28.8M shares, followed by GGL (25.1M) and KOSM (21.6M).

· The Index closed at 47,363pts as against 47,635pts showing a decline of 273pts (-0.6% DoD). Sectors contributing to the performance include Cement (-134pts), O&GMCs (-32pts), Power (-19pts), Fertilizer (-19pts) and Banks (-17pts).

· Volumes slightly declined from 384.6mn shares to 360.8mn shares (-6% DoD). Average traded value however increased by 2% to reach US$ 70.8mn as against US$ 69.4mn.

· Stocks that contributed significantly to the volumes include HASCOL, GGL, KOSM, TPLP and WTL, which formed 30% of total volumes.

· Stocks that contributed positively to the index include SYS (+79pts), PSEL (+35pts), MCB (+13pts), BAHL (+8pts) and FABL (+8pts). Stocks that contributed negatively include LUCK (-75pts), TRG (-26pts), DGKC (-18pts), HBL (-16pts) and PSO (-14pts).

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