· The benchmark KSE-100 index witnessed a bullish trend today as the index traded in green zone for most of the session. PSX opened in the positive zone although in the last trading hour investors opted for profit taking as political noise built up. Volumes continued to remain decent in the main board, on the flip side hefty volumes were witnessed in the 3rd tier stocks.
· The Index closed at 41,435.13pts, down by 83.10pts (-0.20% DoD). Sectors contributing to the performance include Technology (-57.3pts), Fertilizer (-30.1pts), E&Ps (-24.6pts), Engineering (-7.1pts) and Automobile Assemblers (-7.1pts).
· Volumes decreased from 230.7mn shares to 220.6mn shares (-4.4% DoD). The average traded value also decreased by 16.6% to US$ 34.6mn as against US$ 41.5mn.
· Stocks that contributed significantly to the volumes are TPLP, CNERGY, KEL, GGL and PRL.
Courtesy – AHL