PSX index shows an increase of 220pts

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· Market ramped another 491pts during the session, closing +219pts (unadjusted). Profit booking during the later half of the session brought the index down however, investor sentiment remained bullish. Cement sector performed well today, which was on the back of anticipation of better results in the outgoing quarter as well as growth in dispatches. Power sector saw KEL leading the volumes with the hint of resolution of dispute between SSGC and KEL. Among OMCs, PSO led the pack despite deferment of ECC decision on OMC dealer margins. Expectation of quarterly results largely drove the sentiments today, which was the last day of the rollover week as well. Among scrips, KEL topped the volumes with 141.5M shares, followed by SILK (80.5M) and PRL (62.8M).

· The Index closed at 46,386pts as against 46,166pts showing an increase of 220pts (+0.5% DoD). Sectors contributing to the performance include Technology (+67pts), Cement (+61pts), Power (+32pts), Inv Banks (+25pts) and Pharma (+25pts).

· Volumes maintained a plateau as yesterday by posting 840mn shares as against 844mn (-0.4% DoD). Average traded value however, increased by 24% DoD to reach US$ 203.6mn as against US$ 163.8mn.

· Stocks that contributed significantly to the volumes include KEL, SILK, PRL, UNITY and BYCO, which formed 42% of total volumes.

· Stocks that contributed positively to the index include TRG (+75pts), DGKC (+26pts), DAWH (+24pts), PAKT (+20pts) and INIL (+20pts). Stocks that contributed negatively include MCB (-24pts), FFC (-21pts), HMB (-14pts), UBL (-13pts) and POL (-11pts).

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