PSX gains of 717pts today

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As the concerns over political uncertainty withered away, Investors fixed gaze on the upcoming FATF plenary session and the quarterly results. Positive expectations on both counts helped the Index post a gain of 717pts during the session and closed at session’s high (unadjusted). O&GMCs, E&P scrips contributed the most, followed by Cement, Power and Banking scrips. Among Banks, investors preferred HBL over UBL with HBL crossing 140 several times during the session. Among scrips, UNITY topped the volumes with 77.9M shares, followed by HASCOL (50.6M) and FFL (35.1M).

· The Index closed at 40,956pts as against 40,340pts showing an increase of 616pts (+1.4% DoD). Sectors contributing to the performance include Cement (+110pts), Power (+107pts), Banks (+91pts), E&P (+72pts) and O&GMCs (+50pts).

· Volumes increased from 319.6mn shares to 492.7mn shares (+54% DoD). Average traded value also increase by 106% to reach US$ 101.7mn as against US$ 49mn.

· Stocks that contributed significantly to the volumes include UNITY, HASCOL, FFL, PIBTL and KEL, which formed 43% of total volumes.

· Stocks that contributed positively to the index include HUBC (+84pts), LUCK (+48pts), MEBL (+42pts), PPL (+37pts) and HBL (+30pts). Stocks that contributed negatively include HMB (-7pts), UBL (-5pts), ABOT (-4pts), HGFA (-4pts) and FML (-3pts).

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