Another positive session was observed at the PSX today

· Another positive session was observed at the PSX today after the Current Account Deficit declined significantly which helped the investors to gain confidence. The market opened in the green zone and traded favorably throughout the trading session. After announcing that its parent firm is concluding arrangements for NASDAQ listing, Worldcall Telecom Limited continued to dominate the volume board as trading volumes increased on the main board.

· The Index closed at 41,350.43pts, up by 138.73pts (+0.34% DoD). Sectors contributing to the performance include Technology (+73.9.2pts), Power (+53.6pts), Cement (+47.5pts), Misc. (+28.3pts) and Fertilizer (+20.2pts).

· Volumes increased from 185.4mn shares to 593.4mn shares (+220.0% DoD). The average traded value also increased by 0.4% to US$ 41.4mn as against US$ 41.3mn.

· Stocks that contributed significantly to the volumes are WTL, FLYNG, KEL, GTECH and TPLP.

Courtesy – AHL

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Posted in PSX.

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