The PSX market remained range bound throughout the day over inflation number

  • Post author:
  • Post category:PSX
  • Reading time:1 mins read

· The market remained range bound throughout the day, due to concerns over rising inflation number. The benchmark KSE-100 index opened in the positive zone however, investors’ participation remained sideways due to continuous rupee devaluation against US dollar. Volumes remained dry in the main board although hefty volumes were witnessed in the 3rd tier stocks.

· The Index closed at 41,860.36pts, up by 1.06pts (0.0% DoD). Sectors contributing to the performance include Banks (+33.1pts), OMC’s (+31.3pts), Technology (+25.9pts), Automobile (+10.0pts) and Chemicals (+10.0pts).

· Volumes increased from 156.8mn shares to 187.3mn shares (+19.4% DoD). Average traded value also decreased by 8.0% to reach US$ 18.1mn as against US$ 19.7mn.

· Stocks that contributed significantly to the volumes are HASCOL, PIAA, CNERGY, PRL and WTL.

Courtesy- AHL

Sharing is caring

Leave a Reply