· The benchmark KSE-100 index witnessed another range bound session today due to continued widening gap of value between US dollar against Pak rupee. The market opened in the positive zone and continued the positive momentum throughout the day however, during the last trading hour profit taking was observed which led the index to close in the red. Volumes remained healthy in the main board on the contrary hefty volumes were recorded in the 3rd tier stocks
· The Index closed at 41,772.09pts, down by 239.73pts (-0.57% DoD). Sectors contributing to the performance include Banks (-81.3pts), Fertilizer (-59.3pts), E&P’s (-57.1pts), Power (-37.5pts) and Cement (-32.0pts).
· Volumes increased from 156.6mn shares to 260.0mn shares (+66.0% DoD). Average traded value also increased by 54.41% to reach US$ 42.9mn as against US$ 27.8mn.
· Stocks that contributed significantly to the volumes are TRG, WTL, TPLP, FABL and KEL.
Courtesy – AHL