Market added a total of 322pts during the session and closed +167pts (unadjusted). International crude oil prices went overboard in last night’s trading which saw both WTI and Brent increasing by 4% and Brent crossing US$50/bbl level, which was last observed in March 2020. Local E&P sector saw pronounced impact of crude oil prices, with significant interest in OGDC and PPL. Similarly, Banking sector stocks showed persistent interest from investors, especially in HBL and NBP. Among Cement sector stocks, LUCK performed relatively better in comparison with its peers. Volume leaders had PRL on top slot with 84.7M shares, followed by ANL (35.2M) and UNITY (35.2M).

·        The Index closed at 42,470pts as against 42,305pts showing an increase of 165pts (+0.4% DoD). Sectors contributing to the performance include E&P (+117pts), Textile (+33pts), Power (+26pts), Refinery (+15pts) and O&GMCs (+14pts).

·        Volumes increased from 472.3mn shares to 557.6mn shares (+18% DoD). Average traded value also increased by 24% to reach US$ 149.3mn as against US$ 120.6mn.

·        Stocks that contributed significantly to the volumes include PRL, ANL, UNITY, TRG and HASCOL, which formed 37% of total volumes.

·        Stocks that contributed positively to the index include OGDC (+43pts), PPL (+27pts), POL (+24pts), MARI (+23pts) and HUBC (+21pts). Stocks that contributed negatively include MCB (-32pts), TRG (-28pts), COLG (-10pts), BAFL (-10pts) and HMB (-7pts). (AHL)