A bullish trend at the PSX continued today

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· A bullish trend at the PSX continued today. The benchmark KSE-100 index opened with positive momentum and continued to trade in green throughout the day, reaching an intraday high of 419.84 points, as investors’ participation remained active due to positive outcomes on the political front, Volumes picked up as above-expected financial results were announced by the Banking, Technology, and Cement sector, boosting investor confidence to accumulate strong fundamental stocks and leading the index to close in Green.

· The index closed at 41,463.91 up by 364.33pts (+0.89% DoD). Sectors contributing to the performance include Inv. Banks / Inv. Cos. / Securities Cos. (+71.7pts), Commercial Banks (+58.5pts), Cement (+47.2pts), E&P’s (+43.9pts), and Fertilizer (+30.1pts).

· Volumes decreased from 186.9mn shares to 169.1mn shares (-9.5% DoD). The average traded value increased by +7.9% to USD 22.0mn as against USD 20.4mn.

· Stocks that contributed significantly to the volumes are BAFL, MLCF, PRL, WTL & TREET.

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