A positive session was witnessed at the PSX today

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· A positive session was witnessed at the PSX today. Due to the inclusion of 4 companies of KSE-100 index in Morgan Stanley Capital International (MSCI) Frontier Market Pakistan. The KSE-100 Index opened in a positive zone and while driven by the bulls gained 315 points. Investor’s sentiments were improved in comparison to the previous few sessions owing to the positive news and hence comparatively better volumes were observed today in market. Main board volumes comparatively improved today; whereas decent volumes have been observed in the third tier stocks today as well.

· The Index closed at 42,982.62pts, up by 167.4pts (+0.39% DoD). Sectors contributing to the performance include Fertilizer (+61.1pts), Technology & Communication (+52.9pts), Cement (+21.8pts), Commercial Banks (+12.6pts), Inv. Banks / Inv. Cos. / Securities Cos. (+11.8pts).

· Volumes increased from 132.9mn shares to 196.0mn shares (+47.4% DoD). The average traded value also increased by 48.4% to USD 30.4mn as against USD 20.4mn.

· Stocks that contributed significantly to the volumes are WTL, TPLP, HASCOL, PAEL, and UNITY & TRG.

Courtesy – AHL

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