·       The week concluded with another range-bound trading session at the PSX today. The session began in the positive zone after the name of the new COAS was announced, providing much-needed clarity on the political ground. However, after the second session resumed, the index traded in a narrow range, drying up volumes as investors chose to remain on the sidelines in anticipation of today’s Monetary Policy announcement.

·       The Index closed at 42,936.73 pts, up by 33.08pts (+0.08% DoD). Sectors contributing to the performance include Fertilizer (+34.3pts), Miscellaneous (+26.4pts), Commercial Banks (+21.9pts), E&P’s (+20.2pts), Food & Personal Care Products (+6.9pts).

·       Volumes increased from 153.1mn shares to 177.3mn shares (+15.8% DoD). The average traded value also increased by 3.3% to USD 27.0mn as against USD 26.1mn.

·       Stocks that contributed significantly to the volumes are HUMNL, DFML, WTL, HASCOL, and CNERGY.

Courtesy – AHL