·        The benchmark KSE-100 index witnessed sluggish session. Investor’s participation continued to remain dry due to concerns regarding rate hike in the upcoming monetary policy and PKR depreciation against the dollar. Main board activity remained dull but decent volumes were recorded in the 3rd tier stocks.

·        The Index closed at 41,159.79pts, up by 57.22pts (+0.14% DoD). Sectors contributing to the performance include Banks (+35.9pts), Cement (+15.5pts), Technology (13.9pts), Power (+11.7pts) and OMC (+6.7pts).

·        Volumes increased from 76.9mn shares to 98.2mn shares (+27.8% DoD). Average traded value also increased by 12.2% to reach US$ 12.9mn as against US$ 11.5mn.

·        Stocks that contributed significantly to the volumes are AGL, UNITY, ANL, LOTCHEM and SNGP.

Courtesy – AHL