· The PSX opened with a lacklustre session, as investor participation remained low due to the country’s ongoing political turmoil. However, as the session began following the break, investor activity rose substantially as the bears dominated the KSE-100 index, losing 245.88 points in the intraday. However , investors chose to add value to their portfolios during the final trading hour by cherry-picking stocks. Volumes climbed considerably from the previous close due to the end of the rollover week, Cements sector remained in the limelight.
· The index closed at 40,964.54 down by 65.13pts (-0.16% DoD). Sectors contributing to the performance include Technology & Communication (-73.4pts), E&P’s (-56.3pts), Commercial Banks (-41.7pts), OMCs (-31.4pts), and Pharmaceuticals (-14.3pts).
· Volumes increased from 125.3mn shares to 168.5mn shares (34.4% DoD). The average traded value also increased by 67.3% to USD 23.8mn as against USD 14.1mn.
· Stocks that contributed significantly to the volumes are WTL, MLCF, NBP, KEL and TPLP.
Courtesy – AHL