Today extended its losing streak as activity levels showed a marked decline for the 2nd consecutive day mainly owing to uncertainty on political and economic factors prevailing in the country.
The benchmark ASPI shed 34.40 points to close at 5,349 whilst the liquid MPI lost 41.05 points to close at 4,780. Total turnover for the day was 354 mn Total volume traded was close to 15 mn shares.
No Crossings were witnessed during the day confirming the dull sentiments which prevailed at the bourse today. However, Substantial interest was seen on heavyweights JKH and COMB which emerged as the top two contributors during the day. Market heavyweight JKH continued to witness selling pressure throughout the day and closed at Rs.191.10 shedding 1.59% for the day.
Further, banking sector caps such as SEYB.X,SAMP and NDB also dragged interest during the day as attractive volumes changed hands. Conglomerate HHL also witnessed renewed interest during the day and saw small blocks changing hands at Rs.26. Cautious Institutional accumulation was seen on caps BRWN and LOLC as small parcels changed hands.
Retail activity showed a marked decline as most retail favourite counters such as GREG,HVA and BLUE.N continued to witness heavy selling pressure.
In addition, volumes were topped by CSF.W021, BIL and ATL whilst SEMB.X emerged as the top gainer.
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