KASB Pakistan Market Review

Market Review Update 031317

Dear Clients,

Stocks end flat in choppy trade as investors pause after 2 days’ rally. The index oscillated between positive and negative territories throughout the trading session. Selling was witnessed in cement and steel sectors where as technology stocks continued their upward momentum.

KSE-100 closed up by 90.47 points to 44,857.06 levels with 168.6mn volumes. Highest activity was recorded in UNITY (+4.97%) with 37.2mn shares traded, TELE (+7.89%) with 35.6mn shares and TRG (+7.5%) with 28.6mn shares traded.

The Monetary Policy Committee of State Bank will meet on Friday March 19th, 2021 to issue the monetary policy.

We expect the market to remain mixed in the coming sessions ahead of the monetary policy.

KASB Research

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