Trading volumes finally picked up as the market geared up for a likely hike in interest rate. Cement stocks outshined with trading volumes of 27 million shares, followed by the power generation and distribution sector (22 million). “Moving forward, we recommend investors to react as per change in the interest rate,” Mulla said. K-Electric was the volume leader with 20.3 million shares, losing Rs0.10 to close at Rs3.71. It was followed by Maple Leaf Cement with 14 million shares, gaining Rs0.05 to close at Rs21.07 and TRG Pakistan with 12.9 million shares, losing Rs0.07 to close at Rs14.29.

Source: The Express Tribune July 16, 2019 13:24 UTC