· Today at the PSX, a negative session was recorded to kick off the week. The market opened in the red and continued to trade in that region, reaching an intraday low of -494.64 points on speculation of a policy rate hike in the coming days. Given the country’s political turmoil, investors chose to remain on the sidelines, resulting in significant volume declines across the board, while 3rd equities remained in the spotlight.

· The index closed at 40,673.64 pts, down by 444.97 pts (-1.08% DoD). Sectors contributing to the performance include E&P’s (-139.1pts), Commercial Banks (-95.1pts), Fertilizer (-44.9pts), OMCs (-41.3pts), and Cement (-38.6pts).

· Volumes decreased from 110.4mn shares to 92.7mn shares (-16.0% DoD). The average traded value also decreased by 4.3% to USD 17.0mn as against USD 17.8mn.

· Stocks that contributed significantly to the volumes are WTL, OGDC, TRG, CNERGY and BOP.

Courtesy- AHL