PSX index remains green due to increase in oil prices

Continuing its positive momentum, benchmark KSE100 index remained in green zone on the last trading session of the week to settle at 44,821.5pts, up 487.85(+1.10%). Increase in international oil prices along with the clarity on appointment of DG ISI has boosted investors’ confidence.

The major gainers in today’s session were PPL, POL, MCB, OGDC and SYS which cumulatively added ~200pts to the benchmark index. On the results front, HBL announced

3Q2021 consolidated earnings of Rs6.17/share along with interim dividend of Rs1.75/share. ILP announced 1QFY22 EPS of Rs3.08, which came higher than

industry expectation after which stock closed at Rs73.42/share, up 0.67%. On weekly basis, KSE 100 index up by 0.77% (344.3 pts). Total traded volume of

today’s session clocked in at 334mn shares with a value of Rs11.8bn. SERF was today’s volume leader with 34.26mn shares.
Courtesy – AHCML Research

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