· The KSE-100 Index opened negative and witnessed a volatile session throughout the day due to concerns over foreign exchange reserves and rate hike in the MPS, which pulled off confidence among investors. The market continued to remain under pressure as investors opted to remain on the sideline until further clarity on the political as well as economic front. Volumes remained dry throughout the main board whereas, healthy volumes were observed in the 3rd tier stocks.

· The Index closed at 41,950.32pts, down by 489.93pts (-1.15% DoD). Sectors contributing to the performance include Banks (-108.8pts), Technology (-74.8pts), Cement (-72.1pts), Fertilizer (-56.2pts) and Chemical (-25.0pts).

· Volumes increased from 119.0mn shares to 169.7mn shares (+42.6% DoD). Average traded value also increased by 52.7% to reach US$ 27.1mn as against US$ 17.8mn.

· Stocks that contributed significantly to the volumes are PRL, SILK, TPLP, GGL and CNERGY.

Courtesy- AHL