· A positive session was witnessed at PSX today. The KSE-100 index opened in the green and continued to trade with positive sentiments throughout the trading session, reaching an intraday high of 368.05 points due to media reports suggesting UAE’s written assurance to IMF to provide $1 billion to Pakistan, for unlocking the delayed tranche of the IMF’s Extended Facility Fund in upcoming weeks. Although Investors’ participation remained sluggish during the trading session volumes in the main board remained dry while third tier companies continued to dominate the volume board.

· The index closed at 40,126.05 pts, up by 321.34pts (+0.81% DoD). Sectors contributing to the performance include Technology & Communication (+95.2pts), Commercial Banks (+81.1pts), E&P’s (+77.5pts), Fertilizer (+33.5pts), and Power Generation & Distribution (+9.6pts).

· Volumes increased from 59.7mn shares to 79.8mn shares (+33.8% DoD). The average traded value also increased by +88.7% to USD 9.0mn as against USD 4.75mn.

· Stocks that contributed significantly to the volumes are. KEL, WTL, PPL, CNERGY, & SILK.

Courtesy – AHL