· The PSX had a range-bound session today. The benchmark KSE-100 index fluctuated in a narrow range throughout the day after the market opened in the red and quickly created a thin range of trading both ways. Due to the ongoing unfavorable economic sentiments and political instability, investors remained on the sidelines. Volumes in the main board dried up, although expectations of the gas price hike kept the E&P sector in the limelight.

· The index closed at 41,737.62 pts, up by 23.32 pts (+0.06% DoD). Sectors contributing to the performance include Technology & Communication (+72.3pts), E&P’s (+40.0pts), Miscellaneous (+39.7pts), Textile Composite (+7.2pts), Vanaspati & Allied Industries (+5.1pts).

· Volumes increased from 144.8mn shares to 146.7mn shares (+1.3% DoD). The average traded value also increased by 4.2% to USD 17.4mn as against USD 16.7mn.

· Stocks that contributed significantly to the volumes are TPLP, UNITY, DFML, WTL and FCCL.

Courtesy – AHL