PSX performances today

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· Market opened on a positive note with +224pts and added a total of +312pts on the index. E&P and Cement sectors largely played a major role in positive activity. Banks and Fertilizer sectors, on the other hand, contributed to selling pressure on the index. International crude oil prices have been stable for quite some time now, which have helped Investors take a long term view on E&P stocks thereby giving continual ascent to the underlying scrips. Cement sector stocks performed on the back of a stay that one of the Cement companies obtained against the probe on a recent increase in Cement prices. Cement sector led the volumes on the bourse with 83M shares, followed by Power (48.8M) and O&GMCs (45.8M). Among scrips, PIBTL topped the volumes with 35.6M, followed by PRL (27.5M) and DGKC (26.7M).

· The Index closed at 40,184pts as against 40,123pts showing an increase of 62pts (+0.2% DoD). Sectors contributing to the performance include Cement (+120pts), E&P (+21pts), Pharma (+12pts), Banks (-64pts), Fertilizer (-18pts) and Technology (-17pts).

· Volumes declined from 522.7mn shares to 458.8mn shares (-12% DoD). Average traded value also declined by 8% to reach US$ 123.2mn as agsinst US$ 133.7mn.

· Stocks that contributed significantly to the volumes include PIBTL, PRL, DGKC, MLCF and HASCOL, which formed 29% of total volumes.

· Stocks that contributed positively to the index include LUCK (+33pts), DGKC (+31pts), CHCC (+23pts), OGDC (+14pts) and BAHL (+14pts). Stocks that contributed negatively include UBL (-28pts), HBL (-25pts), TRG (-18pts), PSO (-15pts) and ENGRO (-11pts).

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