·        A positive session was witnessed at the PSX today continuing the favorable momentum from the previous close. Despite opening in the red territory the market bounced back and made an intraday high of 288.87 points as investors opted for value hunting in the main board.  Healthy volumes were recorded across the board, on the contrary 3rd tier stocks remained volume leaders.

·        The Index closed at 42,090.71pts, up by 146.2pts (+0.35% DoD). Sectors contributing to the performance include Technology & Communication (+67.9pts), E&P’s (+26.4pts), Commercial Banks (17.7pts), Cement (+14.4pts) and Pharmaceuticals (+8.7pts).

·        Volumes increased from 230.5mn shares to 325.7mn shares (+41.3% DoD). The average traded value also increased by 15.1% to USD 32.5mn as against USD 28.2mn.

·        Stocks that contributed significantly to the volumes HACOL, WTL, GGL, DCL and CNERGY.

Courtesy – AHL