Bulls ruled the day at PSX after the Asian Development Bank stated that it would give Pakistan aid worth USD 2.3 billion

        Bulls ruled the day at PSX after the Asian Development Bank stated that it would give Pakistan aid worth USD 2.3 billion. Due to the decline in international coal price, cement sector remained under limelight as the benchmark KSE-100 index traded in the green throughout the day. The investors remained bullish continuing the positive momentum from previous close. While third-tier stocks led the volume board, the main board continued to be on the healthy side.

        The Index closed at 42,160.6pts, up by 549.2pts (+1.32% DoD). Sectors contributing to the performance include Technology (+204.2pts), Fertilizer (+109.9pts), E&Ps (+84.3pts), Banks (+77.8pts) and Power (+42.5pts).

        Volumes decreased from 635.6mn shares to 442.6mn shares (-30.4% DoD). The average traded value increased by 31.5% to US$ 61.8mn as against US$ 47.0mn.

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

Courtesy – AHL

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Posted in PSX.

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