· The PSX recorded a negative session today. The market opened in the red and continued to trade in the same territory due to the expectation of a rate hike at today’s Monetary Policy Committee meeting, losing 407.79 points intraday. Due to the Supreme Court’s decision on the provincial elections in Punjab and Khyber Pakhtunkhwa, investor participation has remained low. However, in the final trading hour following the announcement of the decision, investors gained confidence and chose to add value to their portfolios. The mainboard saw reasonable volume, while 3rd stocks dominated the volume board.

· The index closed at 39,687.26 pts, down by 202.64pts (-0.51% DoD). Sectors contributing to the performance include E&P’s (-72.0pts), Commercial Banks (-31.8pts), Inv. Banks / Inv. Cos. / Securities Cos. (-19.4pts), Power Generation & Distribution (-21.1pts), and Fertilizer (-12.2pts).

· Volumes increased from 74.4mn shares to 83.3mn shares (+11.9% DoD). The average traded value also increased by +24.0% to USD 7.6mn as against USD 6.1mn.

· Stocks that contributed significantly to the volumes are TELE, PPL, HASCOL, WTL, and BOP.

Courtesy- AHL