·        A bullish session was witnessed at the PSX today continuing the acclamatory momentum from the previous close. The market opened in positive territory and made an intraday high of 441.56 points as investors elected for value angling in the main board. The benchmark KSE 100 index traded in the green zone throughout the day investor participation remained on the higher side. The market remained quite volatile during the last trading hour  However, Healthy volumes were recorded across the board, whereas 3rd tier stocks remained volume leaders.

·        The index closed at 39,747.35 pts, up by 467.92 pts (+1.19% DoD). Sectors contributing to the performance include Cement (+93.4pts), Technology & Communication (+89.4pts), Fertilizer (+69.3pts), E&P’s (+39.4pts), and Miscellaneous (+36.8pts).

·        Volumes decreased from 258.5mn shares to 227.8mn shares (-11.9% DoD). The average traded value also decreased by 17.3% to USD 31.1mn as against USD 37.6mn.

·        Stocks that contributed significantly to the volumes are BAFL, KEL, CNERGY, WTL,& BOP.

Courtesy – AHL