· The benchmark KSE-100 index started the week off poorly. The market started off in the red and proceeded to trade in the same range reaching an intraday low of 42,761.88 points due to lack of investors’ participation. Mainboard activity remained flat as the 3rd tier stocks continued to be the volume leaders.
· The Index closed at 42,850.83pts, down by 242.12pts (-0.56% DoD). Sectors contributing to the performance include E&P’s (-86.5pts), Cement (-38.4pts), Fertilizer (-37.2pts), Commercial Banks (-37.0pts) and Miscellaneous (-31.3pts).
· Volumes decreased from 232.8mn shares to 185.5mn shares (-20.3% DoD). The average traded value also decreased by -21.1% to USD 27.14mn as against USD 31.3mn.
· Stocks that contributed significantly to the volumes are HASCOL, PTC, LOTCHEM, TRG and WTL.