A positive session was recorded at the PSX today.

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· A positive session was recorded at the PSX to begin today’s week. The market opened in the green zone and traded with positive sentiments as bulls derived the index to make an intraday high of 497.90 points in hopes of getting the SLA agreement signed between the government and IMF on Monday or Tuesday as stated by the finance minister. The investors remained optimistic throughout the trading session as healthy volumes were witnessed across the mainboard while the E&P Sector remained in the limelight.

· The index closed at 41,856.85pts, up by 62.98pts (+0.15% DoD). Sectors contributing to the performance include E&P’s (+208.1pts), OMCs (+24.0pts), Fertilizer (+14.9pts), Paper & Board (+4.3pts), and Textile Composite (+1.6pts).

· Volumes increased from 272.8mn shares to 289.3mn shares (+6.1% DoD). The average traded value also increased by 51.2% to USD 36.5mn as against USD 24.11mn.

· Stocks that contributed significantly to the volumes are HASCOL, TELE, OGDC, WTL and TPLP.

Courtesy – AHL

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