· The PSX witnessed a mixed trading session today. The benchmark KSE-100 opened in the red territory but traded in both directions, as investors still eye at IMF to release the long overdue tranche. Participation remained sluggish in the main board as the cautious approach is adopted by players drying up volumes, whereas 3rd tier stocks continued to lead the volume board.

· The index closed at 39,879.89 pts, down by 202.48pts (-0.51% DoD). Sectors contributing to the performance include Commercial Banks (-50.2pts), Miscellaneous (-31.8pts), Technology & Communication (-22.6pts), E&P’s (-20.7pts), and Tobacco (-16.5pts).

· Volumes increased from 87.2mn shares to 108.8mn shares (+24.7% DoD). The average traded value decreased by -3.1% to USD 11.3mn as against USD 11.6mn.

· Stocks that contributed significantly to the volumes are TELE, WTL, PABC, PIBTL and NML.

Courtesy – AHL