· The market observed a range bound session today. The benchmark KSE-100 index opened in the positive zone although investors opted to book profit which resulted the index to close in red. The refineries and E&P sectors remained in the limelight due to result announcement during the day. Investors’ participation remained healthy whereas hefty volumes were witnessed in the 3rd tier stocks.
· The Index closed at 43,436.48pts, down by 185.34pts (-0.42% DoD). Sectors contributing to the performance include Miscellaneous (-58.1pts), Technology (-52.2pts), E&P’s (-25.3pts), Automobile Assemblers (-24.0pts) and OMC’s (-21.3pts).
· Volumes decreased from 541.5mn shares to 518.0mn shares (-4.3% DoD). Average traded value also decreased by 3.7% to reach US$ 75.8mn as against US$ 78.7mn.
· Stocks that contributed significantly to the volumes are CNERGY, FFL, UNITY, PRL and HASCOL.
Courtesy – AHL