PSX Index closed at 45,726pts today

· Market responded positively to IMF’s disbursement of 3rd tranche of US$ 500M and added a total of 456pts during the session and ended the session +102pts (unadjusted). Although, Banks, E&P, O&GMCs and Fertilizer stocks ended the session in red, it was mostly Tech, Refinery and Cement sectors that contributed positively to the Index. Telecom sector had PTC as the leading stock which had bearing from sale of Dhabi Group’s stake in Pakistan Mobile Communication Limited (an unlisted company). Power sector saw KAPCO performing on the expectation of release of funds related to circular debt. Similarly, Chemical sector saw active trades in EPCL, which performed well on the back of healthy product margins. Among volume leaders, PTC topped the volumes with 61.3M shares, followed by TRG (38.8M) and BYCO (38.2M).

· The Index closed at 45,726pts as against 45,544pts showing an increase of 182pts (+0.4% DoD). Sectors contributing to the performance include Tech (+118pts), Cement (+30pts), Autos (+25pts), Textile (+15pts), Fertilizer (-27pts), E&P (-22pts) and O&GMCs (-17pts).

· Volumes increased from 409.6mn shares to 470.4mn shares (+15% DoD). Average traded value moved 1% up to reach US$ 166.6mn as against US$ 165.2mn.

· Stocks that contributed significantly to the volumes include PTC, TRG, BYCO, UNITY and HASCOL, which formed 40% of total volumes.

· Stocks that contributed positively to the index include TRG (+107pts), ANL (+21pts), LUCK (+17pts), PAKT (+14pts) and KAPCO (+13pts). Stocks that contributed negatively include MEBL (-24pts), ENGRO (-20pts), HUBC (-16pts), PPL (-12pts) and FFC (-9pts).

Courtesy – AHL

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