The advance to 47k continues for Pakistan, with another day of new rally highs for all benchmarks.

Refineries, OMC, and Textiles were the standout sectors, with SHEL PA, NML PA +7.5%, ATRL PA (+5.76%), and NRL (+4.21%).

The addition of textiles that have underperformed recently continues to expand market breadth.

HBL PA (-0.60%) saw supply come into the market following 1HCY23 earnings (EPS: 17.86), which aligned with AHL expectations.

A shortened trading week with Friday off, can the KSE-100 hit 47k tomorrow?

Courtesy- Arif Habib Ltd Sales