The PSX witnessed a bloodbath session today

·        The PSX witnessed a bloodbath session today. As the prevailing political clamor pushed KSE-100 to plunge by 487.67 points in an intraday low. The market remained under pressure throughout the day as investors opted to stay on the sideline during both sessions. Volumes in the mainboard declined whereas as decent volumes were recorded in the 3rd tier stocks.

·        The Index closed at 41,140.33pts, down by -462.52pts (-1.11% DoD). Sectors contributing to the performance include Cement (-74.6pts), E&P’s (-74.3pts), Technology & Communication (-66.7pts), Oil & Gas Marketing Companies (-46.8pts) and Power Generation & Distribution (-39.8pts).

·        Volumes decreased from 203.5mn shares to 177.8mn shares (-12.7% DoD). The average traded value also decreased by -27.2% to USD 20.9mn as against USD 28.7mn.

·        Stocks that contributed significantly to the volumes WTL, KEL, CNERGY, FFL and PRL.

Courtesy – AHL


Posted in PSX.

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