· PSX witnessed a range bound session today as investor choose to book profits. The benchmark KSE-100 index despite opening in the positive zone failed to continue the momentum whereas participation remained sluggish that led the index to close in the red zone. Volumes remained healthy in the main board on the contrary hefty volumes were recorded in the 3rd tier stocks.
· The Index closed at 42,155.48pts, down by -56.16pts (-0.13% DoD). Sectors contributing to the performance include Technology (-112.1), Cement (-28.0pts), E&P’s (-7.3pts), Vanaspati & Allied Industries (-6.5pts) and Textile Composite (-6.5pts).
· Volumes increased from 240.2mn shares to 304.8mn shares (+26.9% DoD). The average traded value decreased by 6.5% to US$ 45.2mn as against US$ 48.3mn.
· Stocks that contributed significantly to the volumes are WTL, CNERGY, PRL, PAEL and GGL.
Courtesy – AHL