Cement sector performed well today at PSX indes

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· Market continued the buoyant mood with an increase of 310pts during the session, and ending +200pts (unadjusted). Cement sector performed well today on the back of an expectation of increase in Cement price / bag. Similarly, E&P and O&GMCs performed due to an uptick in international crude price as well as a pending decision over revision of OMCs dealer margins, which is expected to be taken in tomorrow’s ECC meeting. Fertilizer Sector also performed due to recent price hike in DAP prices. Tech stocks continued rallying today, which helped the Index post consistent gains. Among scrips, JSBL led the volumes with 65.3M shares, followed by TRG (36.2M) and FFBL (36M).

· The Index closed at 46,287pts as against 46,088pts showing an increase of 200pts (+0.4% DoD). Sectors contributing to the performance include Cement (+94pts), Technology (+43pts), O&GMCs (+35pts), Chemical (+30pts) and E&P (+22pts).

· Volumes increased from 470.1mn shares to 603.2mn shares (+28% DoD). Average traded value also increased by 27% to reach US$ 166.8mn as against US$ 131mn.

· Stocks that contributed significantly to the volumes include JSBL, TRG, FFBL, HASCOL and UNITY, which formed 33% of total volumes.

· Stocks that contributed positively to the index include TRG (+37pts), PSO (+26pts), PIOC (+22pts), LUCK (+21pts) and POL (+17pts). Stocks that contributed negatively include DAWH (-15pts), AGP (-12pts), UBL (-10pts), FFBL (-9pts) and BAFL (-9pts).

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