Bulls triumphed the trading session at PSX yesterday

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·        Bulls triumphed the trading session at PSX July 13. The KSE-100 index traded in the green zone as value buying was witnessed across the board, although the E&P sector remained in the limelight. Investors gained confidence over expectation of resumption of the IMF Program. Volumes stayed healthy in the main board.

·        The Index closed at 41,862.77pts, up by 518.76pts (+1.25% DoD). Sectors contributing to the performance include Banks (+140.4pts), E&P (+102.6pts), Technology (+71.4pts), Cement (+65.0pts) and OMC’s (+35.2pts).

·        Volumes increased from 99.1mn shares to 164.8mn shares (+66.3% DoD). Average traded value also increased by 60.5% to reach US$ 30.9mn as against US$ 19.2mn.

·        Stocks that contributed significantly to the volumes are TPLP, SNGP, OGDC, PRL and SPWL.

Courtesy – AHL

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