Bulls ruled over the bears today as Pakistan eyes $3b loan from China

· Bulls ruled over the bears today as Pakistan eyes $3b loan from China. Market opened on a positive note and stayed in the green zone throughout the day. Main board activity remained gloomy. On the flip-side, activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks. In the last trading hour, profit taking was witnessed due to rising Covid-19 cases.

· The Index closed at 45,374.68pts as against 45,077.91pts showing an increase of 296.77pts (+0.66% DoD). Sectors contributing to the performance include Banks (+65.0pts), Fertilizer (+40.9pts), Technology (+32.9pts), E&P (29.6pts) and Chemical (+22.6pts).

· Volumes decreased from 258.9mn shares to 251.7mn shares (-2.8% DoD). Traded value increased by 5.4% to reach US$ 48.5mn as against US$ 45.9mn.

· Stocks that contributed significantly to the volumes include TREET, WTL, TRG, WAVES and HUMNL.

Courtesy- AHL

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