PSX volumes declined from 546.8mn shares to 499.7mn on Aug 06

· Market largely traded in a narrow range and lost a total of 216pts, while closing the session -124pts (unadjusted). O&GMCs, Cement, Chemical, Refinery and Technology sectors continued seeing selling pressure from previous couple of sessions. LUCK saw significant drop in the closing half hour, which brought its price below LDCP by a large margin. Among scrips, PASL led the volumes with 66.9M shares, followed by UNITY (35.5M) and DSL (25.9M).

· The Index closed at 47,489pts as against 47,640pts showing a decline of 151pts (-0.3% DoD). Sectors contributing to the performance include Technology (-50pts), Cement (-34pts), Vanaspati (-25pts), Textile (-18pts), Banks (+28pts) and Glas (+21pts).

· Volumes declined from 546.8mn shares to 499.7mn (-9% DoD). Average traded value also declined by 11% to reach US$ 83.5mn as against US$ 94.1mn.

· Stocks that contributed significantly to the volumes include PASL, UNITY, DSL, WTL and FFL, which formed 36% of total volumes.

· Stocks that contributed positively to the index include MEBL (+21pts), GHGL (+21pts), BAFL (+11pts), MCB (+7pts) and INIL (+75pts). Stocks that contributed negatively include TRG (-32pts), UNITY (-25pts), LUCK (-20pts), SYS (-13pts) and HUBC (-12pts).

 

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