· The PSX concluded the week with a mixed session. The market opened in the red zone and traded in the same zone with sluggish activity throughout the first trading owing to the rupee dollar parity and political instability. However, after the second session resumed the bears took charge the index plunged down 440.97 points as investors opted to square-up their positions due to the rollover week. volumes remained healthy as investors are optimist about the upcoming IMF teams visit for the 9th review of the Extended Fund Facility from the IMF Program.
· The index closed at 40,450.53 pts, down by 396.00 pts (-0.97% DoD). Sectors contributing to the performance include Cement (-75.4pts), Technology & Communications (-75.3pts), Fertilizer (-73.7pts), Banks (-35.4pts), and Autos (-30.9pts).
· Volumes decreased from 364.1mn shares to 191.3mn shares (-47.5% DoD). The average traded value also decreased by 52.2% to USD 27.1mn as against USD 56.7mn.
· Stocks that contributed significantly to the volumes are PRL, CNERGY, FFL, WTL and KEL.