Bulls at PSX triumphed today with gains of +1.78%

· Bulls triumphed today with gains of +1.78% to close @43,622. Pakistan is now +22% in USD terms in August and tops the global performance table during the period. KSE-100 index remained in the green zone throughout the day as value buying was witnessed across the board. The investors gained confidence after news regarding monetary help from Saudi Arabia and the PKR continued its winning streak against the USD. Volumes remained healthy in the main board although hefty volumes were witnessed in the 3rd tier stocks driving traded value to USD 78mn.

· The Index closed at 43,621.82pts, up by 764.25pts (+1.78% DoD). Sectors contributing to the performance include Banks (+234.6pts), Cement (+96.3pts), Technology (+67.3pts), Fertilizer (+40.3pts) and Textile Composite (33.0pts).

· Volumes increased from 373.9mn shares to 541.5mn shares (+44.9% DoD). Average traded value also increased by 58.6% to reach US$ 78.7mn as against US$ 49.6mn.

· Stocks that contributed significantly to the volumes are KEL, PRL, WTL, TELE, and CNERGY while value leaders were TRG, LUCK and

Posted in PSX.

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