·   A positive session was recorded at the PSX today. The market opened in the red losing 209.39 points following the ongoing political turbulence in the state. However, bulls quickly droved the index and proceeded to make an intraday high of 193.69 points as investors opted to cherry pick strong fundamental stocks given the attractive valuations being offered in the market. Volumes remained robust all across the mainboard while the Cement sector remained in the spotlight.

·   The index closed at 41,874.04pts, up by 57.6pts (+0.14% DoD). Sectors contributing to the performance include Cement (+118.5pts), Commercial Banks (+20.6pts), Engineering (+19.2pts), Textile Composite (+13.8pts), and Paper & Board (+12.2pts).

·   Volumes increased from 185.3mn shares to 233.3mn shares (+25.9% DoD). The average traded value also increased by +24.9% to USD 29.85mn as against USD 23.89mn.

·   Stocks that contributed significantly to the volumes are MLCF, HASCOL, WTL, FCCL and DGKC.

Courtesy – AHL