· The PSX observed a range bound session today due to continuous depreciation of PKR against US dollar. The benchmark KSE-100 index despite opening in the positive zone failed to continue the momentum as investors’ participation remained sluggish that led the index to close in the red zone. Volumes continued to decline in the main board although decent volumes were observed in the 3rd tier stocks.

· The Index closed at 41,766.05pts, down by 94.31pts (-0.23% DoD). Sectors contributing to the performance include Fertilizer (-32.8pts), Banks (-21.3pts), Technology (-17.5pts), Cement (-16.8pts) and E&P’s (-16.3pts).

· Volumes decreased from 187.3mn shares to 92.9mn shares (-50.4% DoD). Average traded value also decreased by 21.4% to reach US$ 14.1mn as against US$ 18.0mn.

· Stocks that contributed significantly to the volumes are HASCOL, PRL, CNERGY, UNITY and TPLP.

Courtesy – AHL