· The benchmark KSE-100 index ended the week with a bull run. The market opened in the green and continued to trade in the green for the remainder of the session, reaching an intraday high of 587.33 points. The bull run was made possible because investors chose to add value to their portfolios by adding strong fundamental stocks following impressive financial results prior to the extended Eid holiday. Volumes climbed sharply across the board, with 3rd stocks dominating.

· The index closed at 41,007.82 up by 508.48pts (+1.26% DoD). Sectors contributing to the performance include Commercial Banks (+169.8pts), Fertilizer- (+150.7pts), Inv. Banks / Inv. Cos. / Securities Cos. (+68.3pts), Cement (+36.2pts), and Power Generation & Distribution (+35.7pts).

· Volumes increased from 84.2mn shares to 173.8mn shares (+106.5% DoD). The average traded value also increased by +58.0% to USD 20.2mn as against USD 12.78mn.

· Stocks that contributed significantly to the volumes are WTL, FFL, PRL, HASCOL and ENGRO.

Courtesy – AHL