Biden’s clear win, based on stats although not declared yet, gave the global markets some sense of relief and stability in investor sentiment. Resultantly, international crude oil prices stabilized near highs attained in the past couple of sessions. Regional stock markets also followed suit and traded +2.5% on average. Local bourse nudged along, while trading in the positive zone in the entire session, and added a total of 803pts during the session and closed +771pts (unadjusted). Buying activity was observed across the board, however, E&P and O&GMCs contributed the most to the Index. Among scrips, PRL topped the volumes with 33.2M shares, followed by UNITY (32.2M) and PIBTL (19.4M).

· The Index closed at 41,071pts as against 40,282pts showing an increase of 789pts (+2% DoD). Sectors contributing to the performance include Banks (+242pts), E&P (+155pts), O&GMCs (+59pts), Cement (+56pts) and Power (+48pts).

· Volumes declined from 427.8mn shares to 356.7mn shares (-17% DoD). Average traded value also declined by 16% to reach US$ 73.4mn as against US$ 87.2mn.

· Stocks that contributed significantly to the volumes include PRL, UNITY, PIBTL, HASCOL and TRG, which formed 33% of total volumes.

· Stocks that contributed positively to the index include PPL (+60pts), MCB (+53pts), OGDC (+51pts), HUBC (+41pts) and POL (+41pts). Stocks that contributed negatively include ATLH (-4pts), ICI (-3pts), FFBL (-2pts), ARPL (-1pts) and AICL (-1pts).

(AHL).