PSX celebrated the resumption of successful IMF Talks today

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· PSX celebrated the resumption of successful IMF Talks which helped the bench mark KSE-100 to open in the green zone. Investor participation remained intact across the board which helped the index to remain in the green zone throughout the day, hefty volumes were witnessed in the 3rd tier stocks.

· The Index closed at 46,073.25 up by 520.23pts (+1.14% DoD). Sectors contributing to the performance include Fertilizer (+156.9pts), Banks (+72.0pts), Technology (+58.4 pts), Chemicals (+53.1pts) and Power (+44.0 pts)

· Volumes increased from 217.6mn shares to 368.8mn shares (+69.5% DoD). Average traded value also increased by 82.4% to reach US$ 51.9mn as against US$ 28.5mn.

· Stocks that contributed significantly to the volumes are HUMNL, TELE, WTL, GTECH and GGL.

Courtesy – AHL

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