The PSX nosedived today as a bloodbath session was witnessed.

·        The PSX nosedived today as a bloodbath session was witnessed. After the former prime minister unveiled his plans for the long march, investor confidence was shaken, and the market fell to an intraday low of 699.90 points right from the start of the trading day. Volumes recorded in the main board were decent as 3rd tier stocks continued to remain in the limelight.

·        The Index closed at 41,540.03pts, down by -649.99pts (-1.54% DoD). Sectors contributing to the performance include Cement (-103.4pts), Technology & Communication (-89.7pts), E&P’s (-81.2pts), Power Generation & Distribution (-77.2pts) and Fertilizer (-53.6pts).

·        Volumes increased from 195.4mn shares to 265.4mn shares (35.8% DoD). The average traded value  also increased by 23.0% to USD 35.0mn as against USD 28.41mn.

·        Stocks that contributed significantly to the volumes are WTL, GTECHBR, KEL, TRG and HASCOL.

Courtesy – AHL

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Posted in PSX.

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