· Positive momentum from the previous close continued at the PSX today. The market remained in positive zone throughout the day as investors continued to accumulate value stock. Pak rupee continuing its solidification against the US dollar helping investors to remain affirmative in the market. Volumes continued to swell in the main board with 3rd tier stocks being in the limelight.
· The Index closed at 41611.42pts, up by 260.99pts (+0.63% DoD). Sectors contributing to the performance include Technology (+120.5pts), Cement (+109.1pts), Fertilizer (+23.8pts), E&P’s (+22.0pts) and Engineering (+11.1pts).
· Volumes increased from 593.4mn shares to 635.6mn shares (+7.1% DoD). The average traded value also increased by 13.4% to US$ 47.0mn as against US$ 41.4mn.
· Stocks that contributed significantly to the stocks are WTL, TELE, TRG, FLYNG and GTECH.
Courtesy – AHL