Bulls triumphed the trading session at PSX today

· Bulls triumphed the trading session at PSX today. In the first trading session, KSE-100 index remained in the green zone as value buying was witnessed across the board. In the second session, investors gained confidence due to positive news flows regarding the IMF Program resumption as Pak rupee further appreciated against the US dollar. Additionally, positive results announcement triggered the investor participation. Refinery and cement sectors remained in the limelight.

· The Index closed at 42,096.24pts, up by 670.87pts (+1.62% DoD). Sectors contributing to the performance include Banks (+181.8pts), Cements (+134.4pts), Automobile Assembler (+42.8pts), OMC’s (+39.4pts) and Power (+37.0pts).

· Volumes increased from 275.4mn shares to 406.7mn shares (+47.7% DoD). Average traded value also increased by 47.2% to reach US$ 51.9mn as against US$ 35.3mn.

· Stocks that contributed significantly to the volumes are CNERGY, PRL, WTL, TPLP and PAEL.

Courtesy – AHL

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Posted in PSX.

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