PSX index shows an increase of 445pts today

· Market inched up further from the recent run-up it has had in the past few sessions, adding round about 1500pts on the table. Tech, Refinery, Cement, Steel, E&P and O&GMCs contributed to the positivity. Result expectations are helping Cement and Steel sector stocks go up and improvement in investor sentiment triggered other sectors. Refinery sector stocks performed on the expectation of approval from the Petroleum Division. Among scrips, WTL topped the volumes with 124.3M shares, followed by TELE (60.1M) and BYCO (50.1M).

· The Index closed at 45,186pts as against 44,741pts showing an increase of 445pts (+1% DoD). Sectors contributing to the performance include Technology (+139pts), E&P (+84pts), Cement (+51pts), Banks (+46pts) and Textile (+44pts).

· Volumes increased from 383.1mn shares to 688.0mn shares (+80% DoD). Average traded value also increased by 41% to reach US$ 165.7mn as against US$ 117.5mn.

· Stocks that contributed significantly to the volumes include WTL, TELE, BYCO, UNITY and PRL, which formed 44% of total volumes.

· Stocks that contributed positively to the index include TRG (+120pts), HBL (+29pts), POL (+28pts), NRL (+24pts) and PPL (+22pts). Stocks that contributed negatively include ENGRO (-69pts), DAWH (-28pts), BAHL (-7pts), INDU (-4pts) and NATF (-4pts).

Courtesy – AHL

Posted in Article & Features.

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