KARACHI: Pakistan Stock Exchange (PSX) on Tuesday witnessed range bound trading activity during the day. The benchmark KSE-100 index gained 11 points to end at 47,135 points as against previous day’s closing of 47,124 points, showing an increase of 11 points.
Analysts at Arif Habib Limited said that the market traded range bound with an oscillation between -195 points and +149 points.
Activity remained tilted towards Technology sector, which helped the Index put an increment and in volume terms led the index.
Most of the volume went to WTL, however, NETSOL, TRG and AVN contributed to an uptick in Index. On a net basis, Cement, Textile, Pharma and Steel traded in the positive region, whereas E&P, Banks generally contributed to the negative side of the Index.
Among scrips, WTL topped the volumes with 42.9 million shares, followed by TELE (29.4 million) and ANL (28.4 million).
Sectors contributing to the performance include Power (-23 points), Banks (-16 points), Chemical (-13 points), Cement (+30 points), Food (+16 points) and Pharma (+11 points).
Volumes increased from 337.3 million shares to 370.0 million shares (+10 per cent DoD). Average traded value also increased by 7 per cent to reach US$ 74.1 million as against US$ 69.2 million.
Stocks that contributed significantly to the volumes include WTL, TELE, ANL, TPL and GGL, which formed 37 per cent of total volumes.
Stocks that contributed positively to the index include LUCK (+22 points), ENGRO (+15 points), FCEPL (+14 points), TRG (+12 points) and UNITY (+11 points). Stocks that contributed negatively include MCB (-18 points), COLG (-17 points), HUBC (-16 points), DAWH (-14 points) and SYS (-11 points).
