PSX investors gained confidence in expectation of resumption of the IMF Program

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·        Bulls triumphed the trading session at PSX today. KSE-100 index remained in the green zone throughout the day as value buying was witnessed across the board. The investors gained confidence in expectation of resumption of the IMF Program. Volumes remained healthy in the main board.

·        The Index closed at 42,525.95pts, up by 748.97pts (+1.79% DoD). Sectors contributing to the performance include Technology (+136.6pts), E&P’s (+95.2pts), Cement (85.9pts), Banks (+76.3pts) and Fertilizer (+72.2pts).

·        Volumes increased from 162.1mn shares to 300.6mn shares (+85.4% DoD). Average traded value also increased by 92.9% to reach US$ 44.8mn as against US$ 23.2mn.

·        Stocks that contributed significantly to the volumes are TPLP, PRL, CNERGY, HUMNL and UNITY.

Courtesy AHL

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