· Following a long Eid holiday, the PSX resumed trading with a bullish session. The benchmark KSE-100 index opened in the green as bulls took control, reaching an intraday high of 356.07 points as investors remained hopeful for the release of the IMF’s Extended Fund Facility, with media reports indicating funding from friendly countries. Investor activity increased substantially as stronger volumes were observed across the board, with 3rd tier equities leading the volume board.

· The index closed at 41,099.58 up by 91.76pts (+0.22% DoD). Sectors contributing to the performance include Commercial Banks (+56.0pts), Inv. Banks / Inv. Cos. / Securities Cos. (+42.4pts), Technology & Communication (+13.1pts), Food & Personal Care Products (+12.0pts), and Refinery (+9.2pts).

· Volumes increased from 173.8mn shares to 186.9mn shares (+7.5% DoD). The average traded value also increased by +1.0% to USD 20.4mn as against USD 20.19mn.

· Stocks that contributed significantly to the volumes are PRL, FFL, CNERGY, WTL, & MLCF.

Courtesy – AHL