The PSX market remained under pressure all day

· The market remained under pressure all day long as investors participated left and right. The PSX remained sluggish during the opening half but got active in the second trading session. Investors maintained a strategic distance due to political and economic instability, however due to rollover week, hefty volumes were witnessed in the future contracts that led the index close in the green.

· The Index closed at 41,128.67pts, up by 114.81pts (+0.28% DoD). Sectors contributing to the performance include Technology (+80.4pts), E&P’s (+35.6pts), Fertilizer (+24.4pts), Investment Banks (+20.9pts) and Tobacco (+13.0pts).

· Volumes increased from 127.4mn shares to 205.7mn shares (61.4% DoD). The average traded value also increased by 72.1% to US$ 41.6mn as against US$ 24.2mn.

· Stocks that contributed significantly to the volumes are TRG, TPLP, KEL, PIBTL and CNERGY.

Courtesy – AHL

Posted in PSX.

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