According to a report of Arif Habib Ltd Sales, more lift off Monday’s low with the KSE-100 and KSE-30 mustering up gains of +0.52% and +0.6% DoD, respectively

57 shares rose while 39 fell, with FFC PA (+2.15%), MEBL PA (+2.16%), and TRG PA (+10%) being the biggest contributors to index gains.

The largest index drags were HUBC PA (-1.12%), UBL PA (-0.78%) and DAWH P (-1.53%)

HCAR PA (-2.7%) announced 1QMY25 EPS: PKR 1.42, +40% YoY attributed to better gross margins rising by 1,020bps. On a sequential basis, the earnings declined by -85% QoQ.

TRG PA gained the maximum on news that IBEX announced the launch of Wave iX Translate, enabling real-time translation in over 150 languages. The fresh momentum has the potential to see TRG trade back towards its May highs @ PKR 70

80k remains the key level to watch with regards to determining the sustainability of the current upswing; key support remains 77.5-78K