·   The PSX concluded the week with a negative session. The market started off in the red zone and continued to trade in the negative territory for the majority of the trading session, shedding 453.21 points during the day due to the prolonged SLA between the government and IMF to unlock 9th tranche of the Extended Fund Facility. Investors’ participation remained dull throughout the session drying up volumes in the main board while side board scrips remained the volume leaders.

·   The index closed at 39,942.05pts, down by 434.05pts (-1.08% DoD). Sectors contributing to the performance include E&P’s (-61.7pts), Technology & Communication (-60.3pts), Miscellaneous (-47.9pts), Commercial Banks (-47.3pts), and Cement (-40.2pts).

·   Volumes decreased from 148.5mn shares to 46.7mn shares (-68.5% DoD). The average traded value also decreased by -67.0% to USD 4.6mn as against USD 13.8mn.

·   Stocks that contributed significantly to the volumes are WTL, TELE, TPLP, PAEL and FCCL.

Courtesy – AHL