· Another productive session was recorded at the PSX today. The market began with sustained bullish sentiments from the previous close as the bulls stayed active throughout the day. The PSX soared when the Finance Minister indicated that the government was on track to resume negotiations with the IMF for the long-overdue 9th review of the Extended Fund Facility. Investor activity was reasonable, with moderate volumes across the board, with third-tier companies continuing to dominate the volume board.

· The index closed at 41,671.65 up by 331.59pts (+0.80% DoD). Sectors contributing to the performance include Cement (+95.5pts), E&P’s (+69.5pts), Technology & Communication (+58.8pts), Fertilizer (+29.7pts), and Food & Personal Care Products (+25.9pts).

· Volumes decreased from 346.3mn shares to 197.7mn shares (-42.9% DoD). The average traded value increased by 0.6% to USD 22.6mn as against USD 22.5mn.

· Stocks that contributed significantly to the volumes are WTL, AIRLINK, TPLP, BAFL, and GRR.

Courtesy – AHL