· PSX witnessed a negative session due to prevailing political noise. The benchmark KSE-100 index nosedived following the same trend from the previous session although in the last trading hour value buying was recorded. Volumes continued to thrive in the main board whereas hefty volumes were observed in the 3rd tier stocks.
· The Index closed at 40,927.95pts, down by 37.6pts (-0.09% DoD). Sectors contributing to the performance include Banks (-19.3pts), Autos (-16.3pts), Inv. Banks (-11.6pts), Pharma (-11.3pts) and Power (-11.2pts).
· Volumes increased from 170.4mn shares to 190.0mn shares (+11.5% DoD). The average traded value also increased by 30.9% to US$ 26.4mn as against US$ 20.1mn.
· Stocks that contributed significantly to the volumes are WTL, CNERGY, TRG, KEL and SILK.
Courtesy – AHL