· Market continued ramping up after clarity on political front, whereby PDM (an alliance of opposition parties) put their plans for country wide demonstration in abeyance. Resultantly, investors took interest across the board with particular focus on tech stocks, followed by Banks, Cement, O&GMCs, E&P sectors. Rupee’s persistent appreciation also contributed to the positivity, along with news that Govt. is engaging Banks to launch international bonds for external financing. Among scrips, TRG led the volumes with 34.4M shares, followed by BYCO (31.6M) and PRL (26.7M).
· The Index closed at 45,450pts as against 44,857pts showing an increase of 593pts (+1.3% DoD). Sectors contributing to the performance include Banks (+175pts), Tech (+94pts), Cement (+59pts), E&P (+50pts) and Fertilizer (+40pts).
· Volumes increased from 408.4mn shares to 510.4mn shares (+25% DoD). Average traded value also increased by 25% to reach US$ 160mn as against US$ 128.3mn.
· Stocks that contributed significantly to the volumes include TRG, BYCO, PRL, HUMNL and UNITY, which formed 28% of total volumes.
· Stocks that contributed positively to the index include TRG (+100pts), UBL (+59pts), HBL (+45pts), PPL (+24pts) and MCB (+23pts). Stocks that contributed negatively include SYS (-7pts), AICL (-5pts), KAPCO (-5pts), PMPK (-5pts) and HUBC(-4pts).