· The PSX today had a mixed trading session. The market started out strong, but the Pak rupee’s weakening against the US dollar eroded investor confidence and caused profit-taking, triggering the index to close down. Mainboard volumes were decent on the contrary 3rd tier stocks remained in the limelight.
· The Index closed at 42,137.04pts, down by 89.01pts (-0.21% DoD). Sectors contributing to the performance include Technology & Communication (-56.7pts), Cement (-30.0pts), Commercial Banks (-24.4pts), Food & Personal Care Products (-19.8pts) and E&P’s (-18.1pts).
· Volumes increased from 250.2mn shares to 267.5mn shares (6.9% DoD). The average traded value decreased by -5.7% to USD 28.4mn as against USD 30.1mn.
· Stocks that contributed significantly to the volumes are HASCOL, KEL, GTECH, GGL and WTL.