· A positive session was recorded at the PSX to mark the start of the week today. The benchmark KSE-100 index opened with optimistic sentiments after whispers about the positive advancements on the budgetary reforms for the financial year. Investors’ participation remained active across the board while the OMCs and E&Ps sectors remained in the limelight.
· The index closed at 41,667.94 up by 314.96pts (+0.76% DoD). Sectors contributing to the performance include E&P’s (+175.0pts), OMcs (+77.5pts), Power Generation & Distribution (+30.2pts), Technology & Communication (+19.0pts) and Chemical (+17.4pts).
· Volumes increased from 99.5mn shares to 145.2mn shares (+45.8% DoD). The average traded value also increased by 41.2% to USD 16.5mn as against USD 11.7mn.
· Stocks that contributed significantly to the volumes are WTL, SNGP, PPL, OGDC and PRL.
Courtesy – AHL