· Another affirmative day was witnessed at the PSX today. The benchmark KSE-100 traded in the positive zone throughout the trading session as the investors remained optimistic on the Staff Level Agreement between the government and IMF for the 9th tranche of the Extended Fund Facility. Investors participation remained active all through the session maintaining the bullish momentum all day. Volumes across the board remained healthy while the cement sector stayed in the spotlight.
· The index closed at 41,585.54 pts, up by 226.61pts (+0.55% DoD). Sectors contributing to the performance include Cement (+88.7pts), Power Generation & Distribution (+49.2pts), E&P’s (+44.3pts), Fertilizer (+26.1pts), and Commercial Banks (+22.4pts).
· Volumes increased from 162.9mn shares to 229.1mn shares (+40.6% DoD). The average traded value also increased by 16.0% to USD 26.3mn as against USD 22.6mn.
· Stocks that contributed significantly to the volumes are WTL, TELE, MLCF, SILK and HASCOL.