PSX index recovers 352.93pts (+0.81% DoD)

Another Lackluster session was observed today due to political noise. Market opened in the green zone and stayed positive throughout the day. Main board activity continued to remain sluggish, whereas market witnessed hefty volumes in the 3rd tier stocks. In the last trading hours buying was observed across the board.

The Index closed at 43,719.82pts as against 43,366.89pts showing an increase of 352.93pts (+0.81% DoD). Sectors contributing to the performance include Cement (+75.9pts), Power (+68.1pts), Technology (+55.3pts), Banks (+39.5pts) and OMC’s (+26.49pts).

Volumes increased from 115.1mn shares to 189.0mn shares (+64.2% DoD). Traded value also increased by 28.6% to reach US$ 26.2mn as against US$ 20.3mn.

Stocks that contributed significantly to the volumes include TELE, TPLP, TREET, WTL AND SSGC.

Courtesy- AHL

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